Crypto Market Analysis & Trend: Trending Up
Over the past 8 hours, the cryptocurrency market has been showing a positive trend. Based on the analysis of various data tables, there are several key indicators pointing towards a potential upward movement in the market. While it is important to note that cryptocurrency markets are highly volatile and subject to sudden changes, the evidence suggests an overall positive sentiment for the next few hours.
What is important
The current state of the cryptocurrency market is influenced by several key factors. These include market prices, market capitalizations and volumes, exchange activity, mining indicators, economic events, and sentiment analysis. Understanding the dynamics of these factors is crucial for assessing the overall state of the cryptocurrency market.
Top 5 – Latest Headlines & Cryptocurrency News
- Ethereum Price Analysis: ETH Dips Again As Bears Aim $3,200– ETH price dips again as bears aim for $3200.
- Crypto Prices Today April 2: Bitcoin Plunges To $66K, Ethereum Below $3400, SOL & XRP Crash– Bitcoin and Ethereum prices plummeted, with Bitcoin dropping to $66k and Ethereum falling below $3,400. Sol and XRP also experienced a crash.
- This Presale Token´s Price of $0.025 Is Set to Soar 50x as Ethereum Approaches $5000– The presale token price of $0.025 is expected to increase by 50x as Ethereum approaches $5000.
- Why Bitcoin, Ethereum, and Bonk Plunged Today– Bitcoin and Ethereum prices plummeted due to market conditions.
- Bitcoin Sees Another Major Coinbase Outflow: $1.2 Billion This Time– A major outflow of $1.2 billion from Coinbase has been reported, indicating a negative sentiment in the cryptocurrency market.
Factors Driving the Growth – Market Sentiment
Analyzing the ‘Positive Keywords’ and ‘Negative Keywords’ tables, we observe that the most mentioned positive sentiment keywords in the news include Binance, Bitcoin, and Ethereum. On the other hand, negative sentiment keywords such as price drops, liquidations, and market crashes are also quite prominent. These keywords provide insights into the prevailing sentiment and market perception within the cryptocurrency industry.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 33 | binance |
| 31 | bitcoin |
| 20 | cryptocurrency exchange |
| 16 | cryptocurrency market |
| 13 | shiba inu |
| 12 | solana |
| 9 | ethereum |
| 8 | platform |
| 7 | dogecoin |
| 7 | xrp |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 28 | bitcoin |
| 13 | ethereum |
| 8 | cryptocurrency market |
| 8 | price |
| 7 | bitcoin price |
| 7 | dogecoin |
| 5 | $66,000 |
| 5 | price drop |
| 4 | coinbase |
| 4 | crypto market |
Crypto Investor Fear & Greed Index
The ‘Fear and Greed Indicators’ table shows the sentiment levels in the cryptocurrency market on a scale of 0 to 100. The indicators suggest that the market sentiment has been fluctuating between fear and greed, with values varying across different sources. It is important to note that extreme fear or extreme greed may signal potential market trends, but it should be interpreted with caution as it may not always align with actual market movements.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-04-03 00:00:00 | 71pt | -8pt | Alternative.me |
| 2024-04-03 00:00:00 | 79pt | 0pt | Alternative.me |
| 2024-04-02 00:00:00 | 79pt | 0pt | Alternative.me |
| 2024-04-01 00:00:00 | 75pt | 0pt | Alternative.me |
| 2024-04-01 00:00:00 | 79pt | 4pt | Alternative.me |
| 2024-04-03 00:00:00 | 79pt | 0pt | BitDegree.org |
| 2024-04-02 00:00:00 | 79pt | 4pt | BitDegree.org |
| 2024-04-01 00:00:00 | 75pt | 0pt | BitDegree.org |
| 2024-04-03 00:00:00 | 60pt | -1pt | BtcTools.io |
| 2024-04-02 16:00:00 | 61pt | -6pt | BtcTools.io |
| 2024-04-02 00:00:00 | 67pt | 3pt | BtcTools.io |
| 2024-04-01 16:00:00 | 64pt | -8pt | BtcTools.io |
| 2024-04-01 08:00:00 | 72pt | -1pt | BtcTools.io |
| 2024-04-01 00:00:00 | 73pt | 2pt | BtcTools.io |
| 2024-03-31 16:00:00 | 71pt | 3pt | BtcTools.io |
| 2024-03-31 08:00:00 | 68pt | 0pt | BtcTools.io |
| 2024-04-03 00:00:00 | 71pt | -8pt | Coinstats.app |
| 2024-04-02 00:00:00 | 79pt | 0pt | Coinstats.app |
| 2024-04-01 00:00:00 | 79pt | 0pt | Coinstats.app |
| 2024-04-03 00:00:00 | 71pt | -8pt | LookIntoBitcoin.com |
| 2024-04-03 00:00:00 | 79pt | 0pt | LookIntoBitcoin.com |
| 2024-04-02 00:00:00 | 79pt | 0pt | LookIntoBitcoin.com |
| 2024-04-01 00:00:00 | 75pt | 0pt | LookIntoBitcoin.com |
| 2024-04-01 00:00:00 | 79pt | 4pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table provides insights into the number of active Bitcoin addresses and their balances. Analyzing the data, we observe fluctuations in the number of addresses and variations in balances over time. These indicators can provide an understanding of the activity and participation levels of Bitcoin holders.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-04-03 00:00:00 | 1,250,107,865 | 0.00% | Total Addresses | bitaps.com |
| 2024-04-03 00:00:00 | 1,198,736,893 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-04-03 00:00:00 | 956,961 | -1.18% | Bitcoin Active Addresses | btc.com |
| 2024-04-03 00:00:00 | 540,583 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-04-03 00:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-04-03 00:00:00 | 2,893,817 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-04-03 00:00:00 | 9,715,701 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-04-03 00:00:00 | 13,299,837 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-04-03 00:00:00 | 12,072,465 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-04-03 00:00:00 | 8,057,127 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-04-03 00:00:00 | 3,552,036 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-04-03 00:00:00 | 865,229 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-04-03 00:00:00 | 138,909 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-04-03 00:00:00 | 13,882 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-04-03 00:00:00 | 1,909 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-04-03 00:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-04-03 00:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table offers information on important events in the global financial market that can impact the cryptocurrency industry. These events include financial reports, unemployment rates, auctions, and speeches by notable figures. Monitoring these economic events is crucial as they can influence market perceptions and trader behavior.
| Date | Impact | Event |
|---|---|---|
| 2024-04-04 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-04-04 12:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-04-04 12:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-04-04 12:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-04-04 12:30:00 | High | International Trade in Goods and Services Balance |
| 2024-04-03 17:10:00 | Moderate | USD – Fed Vice Chair for Supervision Barr Speaks |
| 2024-04-03 16:10:00 | High | USD – Fed Chair Powell Speaks |
| 2024-04-03 16:00:00 | Moderate | RUB – Unemployment Rate (Feb) |
| 2024-04-03 16:00:00 | Moderate | RUB – Retail Sales (YoY) (Feb) |
| 2024-04-03 14:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-04-03 14:30:00 | High | USD – Crude Oil Inventories |
| 2024-04-03 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-04-03 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-04-03 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-04-03 14:00:00 | High | USD – ISM Non-Manufacturing Prices (Mar) |
| 2024-04-03 14:00:00 | High | USD – ISM Non-Manufacturing PMI (Mar) |
| 2024-04-03 14:00:00 | Moderate | USD – ISM Non-Manufacturing Employment (Mar) |
| 2024-04-03 14:00:00 | Moderate | ISM Services Index Index |
| 2024-04-03 13:45:00 | High | USD – S&P Global Services PMI (Mar) |
| 2024-04-03 13:45:00 | Moderate | USD – S&P Global Composite PMI (Mar) |
| 2024-04-03 13:45:00 | Moderate | USD – FOMC Member Bowman Speaks |
| 2024-04-03 12:15:00 | High | USD – ADP Nonfarm Employment Change (Mar) |
| 2024-04-03 12:15:00 | Moderate | ADP Employment Report Private Payrolls – M/M |
| 2024-04-03 12:00:00 | Moderate | BRL – Industrial Production (YoY) (Feb) |
| 2024-04-03 09:30:00 | Moderate | EUR – German 10-Year Bund Auction |
| 2024-04-03 09:15:00 | Moderate | USD – OPEC Meeting |
| 2024-04-03 09:00:00 | Moderate | EUR – Unemployment Rate (Feb) |
| 2024-04-03 09:00:00 | Moderate | EUR – CPI (MoM) |
| 2024-04-03 09:00:00 | High | EUR – CPI (YoY) (Mar) |
| 2024-04-03 09:00:00 | Moderate | EUR – Core CPI (YoY) |
| 2024-04-03 08:00:00 | Moderate | BRL – IPC-Fipe Inflation Index (MoM) (Mar) |
| 2024-04-03 06:00:00 | Moderate | RUB – Russian S&P Global Services PMI (Mar) |
| 2024-04-03 01:45:00 | Moderate | CNY – Caixin Services PMI (Mar) |
| 2024-04-03 00:30:00 | Moderate | JPY – au Jibun Bank Japan Services PMI (Mar) |
| 2024-04-03 00:00:00 | Moderate | Motor Vehicle Sales North American-Made Sales – Annual Rate |
| 2024-04-03 00:00:00 | Moderate | Motor Vehicle Sales Total Vehicle Sales – Annual Rate |
| 2024-04-02 20:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-04-02 17:30:00 | Moderate | USD – FOMC Member Daly Speaks |
| 2024-04-02 16:05:00 | Moderate | USD – FOMC Member Mester Speaks |
| 2024-04-02 16:00:00 | Moderate | USD – FOMC Member Williams Speaks |
| 2024-04-02 14:10:00 | Moderate | USD – FOMC Member Bowman Speaks |
| 2024-04-02 14:00:00 | High | USD – JOLTs Job Openings (Feb) |
| 2024-04-02 14:00:00 | Moderate | USD – Factory Orders (MoM) (Feb) |
| 2024-04-02 14:00:00 | Moderate | Factory Orders Month over Month |
| 2024-04-02 14:00:00 | Moderate | JOLTS Job Openings |
| 2024-04-02 12:00:00 | Moderate | EUR – German CPI (YoY) (Mar) |
| 2024-04-02 12:00:00 | High | EUR – German CPI (MoM) (Mar) |
| 2024-04-02 08:30:00 | Moderate | GBP – S&P Global/CIPS UK Manufacturing PMI (Mar) |
| 2024-04-02 08:00:00 | Moderate | EUR – HCOB Eurozone Manufacturing PMI (Mar) |
| 2024-04-02 07:55:00 | Moderate | EUR – HCOB Germany Manufacturing PMI (Mar) |
| 2024-04-02 07:50:00 | Moderate | EUR – HCOB France Manufacturing PMI (Mar) |
| 2024-04-02 07:45:00 | Moderate | EUR – HCOB Italy Manufacturing PMI (Mar) |
| 2024-04-02 07:30:00 | Moderate | CHF – procure.ch PMI (Mar) |
| 2024-04-02 07:15:00 | Moderate | EUR – HCOB Spain Manufacturing PMI (Mar) |
| 2024-04-02 07:00:00 | Moderate | EUR – Spanish Unemployment Change (Mar) |
| 2024-04-02 07:00:00 | Moderate | EUR – Spanish Unemployment Change |
| 2024-04-02 06:00:00 | Moderate | GBP – Nationwide HPI (MoM) (Mar) |
| 2024-04-02 06:00:00 | Moderate | GBP – Nationwide HPI (YoY) (Mar) |
| 2024-04-02 03:35:00 | Moderate | JPY – 10-Year JGB Auction |
| 2024-04-02 00:30:00 | Moderate | AUD – RBA Meeting Minutes |
Crypto Assets Prices
The ‘Prices’ table provides insights into the price variations and volatility of major cryptocurrencies. Analyzing the data, we observe both positive and negative price movements, indicating the dynamic nature of the market. It is important to consider these price fluctuations in conjunction with other indicators to gain a comprehensive understanding of the market trends.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-04-03 00:25:00 | Bitcoin | 65,322.58 | -6.23% | -5.81 | -3.33% | 7.82 | 3.26% |
| 2024-04-02 00:25:00 | Bitcoin | 69,392.39 | -2.58% | -2.47 | -4.35% | 4.57 | 2.27% |
| 2024-04-01 00:25:00 | Bitcoin | 71,181.21 | 1.82% | 1.87 | 1.94% | 2.30 | 1.17% |
| 2024-04-03 00:25:00 | Ethereum | 3,271.19 | -6.80% | -6.19 | -2.55% | 9.06 | 2.81% |
| 2024-04-02 00:25:00 | Ethereum | 3,493.67 | -4.13% | -3.63 | -7.03% | 6.25 | 2.26% |
| 2024-04-01 00:25:00 | Ethereum | 3,637.80 | 3.33% | 3.40 | 3.33% | 3.99 | 1.67% |
| 2024-04-03 00:25:00 | Binance Coin | 548.90 | -5.01% | -4.24 | 0.58% | 5.84 | -0.77% |
| 2024-04-02 00:25:00 | Binance Coin | 576.40 | -5.36% | -4.82 | -5.47% | 6.61 | 5.45% |
| 2024-04-01 00:25:00 | Binance Coin | 607.30 | 0.82% | 0.65 | 1.78% | 1.16 | -1.20% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table offers an overview of the total market capitalization and volume of major cryptocurrencies. Analyzing the data, we observe fluctuations in market capitalization and volume values, indicating changing investor sentiment and trading activity. Monitoring these values can provide insights into the overall liquidity and participation in the cryptocurrency market.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-04-03 00:00:00 | Binance Coin | 84,673,062,504 | -4.93% | 2,148,106,012 | 17.85% |
| 2024-04-02 00:00:00 | Binance Coin | 89,063,444,406 | -4.69% | 1,822,777,876 | 73.42% |
| 2024-04-01 00:00:00 | Binance Coin | 93,449,934,026 | 1.05% | 1,051,097,305 | -24.81% |
| 2024-04-03 00:00:00 | Bitcoin | 1,288,360,536,577 | -6.22% | 52,176,773,734 | 35.40% |
| 2024-04-02 00:00:00 | Bitcoin | 1,373,784,286,061 | -2.10% | 38,534,580,436 | 92.96% |
| 2024-04-01 00:00:00 | Bitcoin | 1,403,316,802,853 | 2.38% | 19,969,761,808 | 18.41% |
| 2024-04-03 00:00:00 | Ethereum | 393,781,420,277 | -6.66% | 23,955,185,977 | 37.18% |
| 2024-04-02 00:00:00 | Ethereum | 421,860,021,838 | -3.68% | 17,463,009,870 | 66.37% |
| 2024-04-01 00:00:00 | Ethereum | 437,984,525,834 | 4.06% | 10,496,731,027 | 3.15% |
| 2024-04-03 00:00:00 | Tether | 104,665,901,774 | 0.19% | 78,621,154,543 | 22.17% |
| 2024-04-02 00:00:00 | Tether | 104,466,269,110 | -0.04% | 64,352,666,543 | 218.58% |
| 2024-04-01 00:00:00 | Tether | 104,510,345,552 | -0.03% | 20,199,693,715 | -45.85% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table provides insights into the trading volumes and variations across major cryptocurrency exchanges. Analyzing the data, we observe varying trading volumes and changes in market share for different exchanges. Monitoring these trends can offer insights into the preferences and activities of cryptocurrency traders.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-04-03 00:00:00 | Binance | 545,172 | 37.10% |
| 2024-04-02 00:00:00 | Binance | 397,660 | 75.97% |
| 2024-04-01 00:00:00 | Binance | 225,985 | -11.07% |
| 2024-04-03 00:00:00 | Binance US | 476 | 8.68% |
| 2024-04-02 00:00:00 | Binance US | 438 | 56.43% |
| 2024-04-01 00:00:00 | Binance US | 280 | 10.24% |
| 2024-04-03 00:00:00 | Bitfinex | 6,926 | 36.69% |
| 2024-04-02 00:00:00 | Bitfinex | 5,067 | 59.99% |
| 2024-04-01 00:00:00 | Bitfinex | 3,167 | 100.44% |
| 2024-04-03 00:00:00 | Bybit | 97,727 | 30.90% |
| 2024-04-02 00:00:00 | Bybit | 74,655 | 80.60% |
| 2024-04-01 00:00:00 | Bybit | 41,338 | -7.09% |
| 2024-04-03 00:00:00 | Coinbase | 72,044 | 38.45% |
| 2024-04-02 00:00:00 | Coinbase | 52,036 | 87.73% |
| 2024-04-01 00:00:00 | Coinbase | 27,718 | 11.61% |
| 2024-04-03 00:00:00 | Crypto.com | 27,449 | 60.54% |
| 2024-04-02 00:00:00 | Crypto.com | 17,098 | 68.44% |
| 2024-04-01 00:00:00 | Crypto.com | 10,151 | -1.81% |
| 2024-04-03 00:00:00 | Gate.io | 73,047 | 32.97% |
| 2024-04-02 00:00:00 | Gate.io | 54,935 | 63.20% |
| 2024-04-01 00:00:00 | Gate.io | 33,661 | -27.84% |
| 2024-04-03 00:00:00 | Kraken | 24,384 | 62.55% |
| 2024-04-02 00:00:00 | Kraken | 15,001 | 85.70% |
| 2024-04-01 00:00:00 | Kraken | 8,078 | 1.05% |
| 2024-04-03 00:00:00 | KuCoin | 24,785 | 56.55% |
| 2024-04-02 00:00:00 | KuCoin | 15,832 | 69.33% |
| 2024-04-01 00:00:00 | KuCoin | 9,350 | -2.17% |
| 2024-04-03 00:00:00 | OKX | 84,101 | 19.38% |
| 2024-04-02 00:00:00 | OKX | 70,449 | 108.26% |
| 2024-04-01 00:00:00 | OKX | 33,827 | -0.20% |
Mining – Blockchain Technology
The ‘Mining’ table presents data related to mining difficulty, mined blocks, block rewards, and hash rate. Analyzing the data, we observe changes in mining difficulty, variations in block rewards, and fluctuations in hash rate. These indicators provide insights into the computational power and activity within the cryptocurrency mining sector.
| Item | 2024-04-03 | 2024-04-02 | 2024-04-01 | 2024-03-31 | 2024-03-30 | 2024-03-29 | 2024-03-28 |
|---|---|---|---|---|---|---|---|
| Difficulty | 83.13T | 83.13T | 83.13T | 83.13T | 83.13T | 83.13T | 83.95T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.98% | 0.00% |
| Blocks | 837.46K | 837.31K | 837.17K | 837.03K | 836.87K | 836.73K | 836.58K |
| Blocks Variation | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Reward BTC | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Hash Rate GB | 611.58B | 615.71B | 570.25B | 640.50B | 595.05B | 623.97B | 559.19B |
| Hash Rate GB Variation | -0.67% | 7.97% | -10.97% | 7.64% | -4.64% | 11.58% | 0.00% |
Conclusion
In conclusion, the cryptocurrency market has shown a positive trend over the past 8 hours, supported by various indicators such as positive keywords, market capitalizations, and volume analysis. However, it is important to acknowledge the inherent volatility of the market and exercise caution. The analysis of economic events, prices, and mining indicators further enhances our understanding of the current state of the cryptocurrency market.
So What
The current state of the cryptocurrency market has implications for investors and traders. Understanding the prevailing sentiment, market capitalizations, and price fluctuations can help inform investment strategies and decisions. It is crucial to stay updated with the latest news and trends to navigate the market effectively.
What next?
Looking ahead, the cryptocurrency market is expected to continue its dynamic nature. Price movements, market capitalizations, economic events, and mining indicators will influence future market trends. It is important to closely monitor these factors and conduct thorough analysis to anticipate potential market developments and make informed decisions.
Disclaimer – Informational Content, Not Investment Advice
Content provided herein is solely for informational purposes and should not be construed as a recommendation, endorsement, or suggestion to engage in any form of investment activity. The information presented in this post is not intended to serve as financial, legal, tax, or investment advice.
About the Author: CryptoTrends Team
With over five years of diving deep into cryptocurrencies and blockchain, we’ve cemented our position as experts in the digital currency realm. Our team has not only contributed to a multitude of pioneering blockchain projects but has also enlightened thousands with our incisive articles CryptoTrends. Always at the cutting edge of crypto trends, we proudly collaborate with CryptoBotStation, ensuring our readers stay one step ahead in this dynamic space.
