Cryptomarket Valuation and Opinion 12-01-21
Market Data Highlights
Bitcoin opens at $57K. It hits lowest at $56K and highest at $59K and stable around $56K ~ $57K. The average transaction fee is $2.58 which is a 10.00% increase from 11-30-21. Fear and Greed level is at 34.
Ethereum opens at $4.6K. It hits lowest at $4.6K and highest at $4.7K and stable around $4.6K. The average transaction fee is $53.92 which is a 24.01% increase from 11-30-21. Fear and Greed level is at 46.
Also, you can view my 1 min video summary if you want to skip the reading, don't forget to check the "earning section" at the end of the article: Here are some highlights to support my analysis:*
NFT market highlights:
The NFT market is slowing down. People are on the crypto market again. Institutional investors only focusing on cryptocurrencies now.
Today’s sentimental news and comments:
Bullish News 📈
Grayscale prepares to sue SEC over spot Bitcoin ETF as the crypto market stabilizes more than ever.
Fidelity Bitcoin spot ETF launched in Canada.
CashApp added Bitcoin Taproot support.
Bearish News 📉
El Salvador’s president asks the Fed to stop printing money. However, El Salvador may face an ever difficult economic crisis in the future without the helping from the Fed. What a celebrity president who runs the country like a TV show.
China Central Bank wants to control everything in crypto. The problem is all the information is open to the public.
Future Trend 🚀
Cardano has amazing technology and their blockchain data shows an amazing result. The problem is Ethereum can do the same thing.
Defi is missing out this time of the rally. Innovation is urgently needed to make Defi survive in the long term.
Cryptocurrencies are going mainstream as institutional inventors are adopting now.
Scam Alert ⚠️
Scam: WhatsApp Scam
Reason scam: pretend to be your family members and try to steal private information
Scam types: impersonate
Thanks for reading and see you tomorrow! xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Note: Cross-references of this article has been created by the author and
has cross-referenced on multiple platforms here.
Resources
https://www.coindesk.com/price/bitcoin https://www.coindesk.com/price/ethereum https://coinmarketcap.com/nft/ https://cryptopotato.com/el-salvadors-president-asks-the-fed-to-stop-printing-money/ https://www.trustnodes.com/2021/12/01/grayscale-prepares-to-sue-sec-over-spot-bitcoin-etf https://bitcoinmagazine.com/markets/fidelity-bitcoin-spot-etf-canada https://u.today/cashapp-added-bitcoin-taproot-support-heres-why-it-is-important https://cointelegraph.com/news/china-s-central-bank-proposes-to-monitor-metaverse-and-nfts https://zycrypto.com/cardano-smashes-transaction-record-as-hoskinson-affirms-ether-proponents-are-terrified-of-ada/ https://u.today/sec-chair-innovation-around-defi-could-be-real https://finbold.com/survey-institutional-investors-believe-cryptocurrencies-are-viable-asset-class-during-covid-19/
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