Bitcoin & Ethereum Valuation and Opinion 09-17-21

Market Data Highlights

Bitcoins opens at $48K. It hits lowest at $47K and highest at $48K and stable around $47K ~ $48K. The average transaction fee is $2.95 which is a 3.59% decrease from 09-16-21. Fear and Greed level is at 48.

Ethereum opens at $3.5K. It hits lowest at $3.4K and highest at $3.5K and stable around $3.4K. The average transaction fee is $27.34 which is a 25.07% increase from 09-16-21. Fear and Greed level is at 51.

Here are some highlights to support my analysis:

Bitcoin Value = $42k ~ $50k and my position is Long.

Ethereum Value = $3.0k ~ $4.0k and my position is Long. Today’s sentimental news and comments:

Bullish News 📈

Domain name giant Namecheap now accepts Bitcoin as their alternative payment.

Revolut to pay its WeWork office space in Bitcoin.

Bearish News 📉

Only 4 felt as South Korea shut down crypto exchanges under new regulations.

El Salvador court to probe government’s Bitcoin buys.

SushiSwap’s token launchpad for the NFT auction hacked for over $3M in Ethereum.

Future Trend 🚀

Regulation of cryptocurrency may be inevitable but if properly regulated, it may help the market.

China is one step closer to become a full surveillance state.

Hungary unveils BTC creator Satoshi Nakamoto’s statue.

Thanks for reading and see you tomorrow!

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