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Cryptomarket Valuation and Opinion 12-04-21

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Market Data Highlights

Bitcoin opens at $52K. It hits lowest at $42K and highest at $52K and stable around $48K ~ $49K. The average transaction fee is $2.48 which is a 25.75% decrease from 12-03-21. Fear and Greed level is at 18.

Ethereum opens at $4.0K. It hits lowest at $3.5K and highest at $4.1K and stable around $4.0K. The average transaction fee is $47.62 which is a 14.03% increase from 12-03-21. Fear and Greed level is at 31.

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 in the cool-down mode. The market has recovered half of the losses from yesterday. The crypto market from now on will be likely struggling to recover and become choppy.

Today’s sentimental news and comments:

Bullish News 📈

El Salvador buys the dip again. Justin Sun also bought the dip.

Bearish News 📉

Solana library bug caused a $27M hacking loss within an hour.

The US is considering CBDC.

Future Trend 🚀

The economy is toasted. Governments are out of solutions.

The Indian government’s detail of the crackdown crypto industry is coming. No self-custodial wallets and only Indian exchanges can be used.

Scam Alert ⚠️

Scam: Faking giveaway PS5

Reason scam: fake message to ask for $600 in return for free PS5

Scam types: fake giveaway, fake free products

Thanks for reading and see you tomorrow!

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Note: Cross-references of this article have been created by the author and have been cross-referenced on multiple platforms here.

Resources

https://www.coindesk.com/price/bitcoin https://www.coindesk.com/price/ethereum https://coinmarketcap.com/nft/ https://zycrypto.com/el-salvador-increases-bitcoin-holding-to-over-60-million-trons-justin-sun-scoops-more-btc-in-solidarity/ https://www.theblockcrypto.com/post/126318/solana-library-bug-could-have-seen-attackers-stealing-27-million-an-hour https://dailyhodl.com/2021/12/04/us-treasury-secretary-janet-yellen-weighs-in-on-central-bank-digital-currencies/ https://www.trustnodes.com/2021/12/04/is-the-economy-on-the-brink-of-collapse https://u.today/top-indian-crypto-ceo-shares-surprising-details-of-upcoming-crackdown

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