Bitcoin & Ethereum Valuation and Opinion 08-27-21

Market Data Highlights

Bitcoins opens at $47K. It hits lowest at $46K and highest at $49K and stable around $47K ~ $48K. The average transaction fee is $2.11 which is an 11.54% decrease from 08-25-21. Fear and Greed level is at 71.

Ethereum opens at $3.1K. It hits lowest at $3.0K and highest at $3.2K and stable around $3.1K. The average transaction fee is $26.48 which is a 4.02% decrease from 08-25-21. Fear and Greed level is at 62.

Here are some highlights to support my analysis:

Bitcoin Value = $42k ~ $45k and my position is Long.

Ethereum Value = $2.6k ~ $3.0k and my position is Long.
Today’s sentimental news and comments:

Bullish News 📈

China’s Central Bank claimed Bitcoin is not legal tender and has no real value to support it. Same as fiat currency of any kind.

Former IMF executive had no idea what cryptocurrency was and made a common on it. It always happened.

1st Bitcoin ATM installed in Honduras. Bitcoin interests are growing fast.

NTF is not a bubble but wealth is a bubble.

Bearish News 📉

Ethereum is experiencing an unintended chain split and I wrote an article to explain some technical terms.

HK firm Meitu posted Bitcoin losses after purchased at the April price peak.

Defi regulations will impact Defi token prices.

Indian Central Bank could launch its own CBDC trails by December this year.

Future Trend 🚀

Twitter is building a Bitcoin DEX or Decentralized Bitcoin Exchange.

Ethereum Name Service (ENS) integrates with Domain Name System (DNS) without having to change to a .eth name.

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Thanks for reading and see you tomorrow!