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Cryptomarket Valuation and Opinion 12-20-21

Market Data Highlights

Bitcoin opens at $46K. It hits lowest at $45K and highest at $47K and stable around $46K ~ $47K. The average transaction fee is $1.59 which is a 5.38% decrease from 12-19-21. Fear and Greed level is at 25.

Ethereum opens at $3.9K. It hits lowest at $3.7K and highest at $3.9K and stable around $3.9K. The average transaction fee is $22.29 which is a 5.51% decrease from 12-18-21. Fear and Greed level is at 34.

Also, you can view my 1 min video summary if you want to skip the reading:

Here are some highlights to support my analysis: 

NFT market highlights:

The NFT market is slowing down during the holiday. It is the holiday season. A big sale is on the way!

Today’s sentimental news and comments:

Bullish News ?

The first US city to add Bitcoin as a payroll option, Jackson, Tennessee.

Ethereum launches the merger testnet. It is on the roadmap of Ethereum 2.0 to merge with Ethereum 1.0.

Bearish News ?

One of the board members in the Fed is leaving which may impact crypto regulations in the future.

Pro-Crypto Senators in the US own Bitcoin that may trigger a conflict of interest concerns.

Future Trend ?

China’s shady ban on Bitcoin miners is not working. People raised the question of what ban as China still functions 20% of Bitcoin mining power.

Chinese investment is pouring into the Metaverse.

Dubai World Trade Center wants to become Crypto Zone and Regulator.

Scam Alert ⚠️

Scam: Unlimited Supply Token to Drain your tokens out

Reason scam: similar to massive quantities of unknown tokens appearing in your wallet, this one will have a impersonate website that you can easily find on the internet and wants your true tokens to exchange for their scam tokens

Scam types: scam website, impersonate, fake tokens

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