Crypto Daily Report – August 27

body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightAugust 27, 2021The overall crypto market is 3.0% higher over the prior 24 hours, as the market appears to be responding positively to dovish comments from Fed Chair Jerome Powell this morning. Bitcoin and Ethereum trade around $48,200 and $3,200, respectively, at the time of writing. Despite the resistance experienced by $BTC at $50,000, we note that it has maintained its position above the 200-day SMA for the entire week. As of Friday morning, peer-to-peer NFT marketplace OpenSea has surpassed $2.3 billion in monthly volume, over $1.0 billion of which was realized in just the last seven days. The platform facilitated approximately 1.9 million transactions over the same period for roughly 300,000 users, resulting in nearly $165 million in total fees for the company. This parabolic growth has been accompanied by some eye-popping single-asset purchases, one of which was CryptoPunk 7252, purchased for $5.3 million on OpenSea just a few days ago.Bill Gurley, famed Web 2.0 investor and general partner at Benchmark, admitt