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Bitcoin & Ethereum Valuation and Opinion 10-22-21

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@xuanling11
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Market Data Highlights

Bitcoins opens at $63K. It hits lowest at $60K and highest at $60K and stable around $60K ~ $61K. The average transaction fee is $3.90 which is a 9.72% decrease from 10-21-21. Fear and Greed level is at 75.

Ethereum opens at $4.1K. It hits lowest at $3.8K and highest at $4.1K and stable around $3.8K. The average transaction fee is $31.97 which is a 17.93% increase from 10-21-21. Fear and Greed level is at 78.

Here are some highlights to support my analysis:

Bitcoin Value = $55k ~ $68k and my position is Long.

Ethereum Value = $3.5k ~ $4.0k and my position is Long. Today’s sentimental news and comments:

Bullish News 📈

Binance is a copycat of Ethereum and they try to clone EIP 1559 now.

Walmart is partnering with Coinstar to bring 200 Bitcoin kiosks as their polite program for crypto adoption.

Bearish News 📉

NFT market is concentrated in a small number of people’s hands.

Peter Thiel is so confused about the PayPal agenda. He clearly did not understand the PayPal operation and crypto operation. PayPal is a digital payment system and crypto is a P2P payment system.

Future Trend 🚀

Reddit is building NFT marketplace on Ehereum token rewards. NFT market is red hot.

The cryptomarket flash crash is due to an algorithm bug? Interesting view of blaming the computer on the market crash.

The ransomware gang moved Bitcoin around to avoid regulatory overhaul.

Paypal may become the crypto exchange platform in the next decade.

Thanks for reading and see you tomorrow!

Posted Using LeoFinance Beta