Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market is currently in a neutral trend with a slight upward momentum. Based on the analysis of various indicators and data tables, we can expect the market to continue its gradual upward movement in the next 8 hours. Confidence in this analysis is moderate, as the market has shown resilience despite recent challenges and fluctuations.
What is important
Key points to understand the current state of the cryptocurrency market include the positive sentiment among investors, highlighted by the presence of trending keywords such as Bitcoin, cryptocurrencies, and investors’ optimism. However, there are negative keywords indicating concerns about the Bitcoin price, halving event, and potential selling pressure. Additionally, economic events and mining indicators provide insights into market dynamics, while market capitalizations and volumes show overall growth. It is essential to stay informed about the latest news and developments in the market.
Top 5 – Latest Headlines & Cryptocurrency News
- Bitcoin Price Analysis: BTC Price May Experience a Halving Crash, Causing a Drop of Over 20%– Bitcoin price may experience a halving crash causing a drop of over 20%.
- Bybit Report: Exchanges Have Only Nine Months Supply at Current Prices Before Bitcoin Halving– Exchanges have a limited supply of Bitcoin before the halving event.
- Analyst: $1.70 breakout for Cardano; KangaMoon presale heats up as Solana dips– Cardano sees a breakout, Kangamoon presale heats up, and Solana dips.
- Interest in ´Bitcoin halving´ on Google hits highest ever– Interest in Bitcoin halving on Google reaches highest ever.
- Crypto Mining $3.5 Million Scheme: Man Indicted For Alleged ‘Cryptojacking’ Operation– A man has been indicted for an alleged cryptojacking operation that resulted in a $3.5 million scheme.
Factors Driving the Growth – Market Sentiment
The analysis of positive keywords reveals that Bitcoin and cryptocurrencies remain popular among investors, supported by positive sentiment in the market. On the other hand, negative keywords highlight concerns related to the Bitcoin price, halving event, and selling pressure. These keywords indicate the need for caution and thorough analysis when making investment decisions in the cryptocurrency market.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 25 | bitcoin |
| 23 | cryptocurrency market |
| 19 | binance |
| 11 | cryptocurrencies |
| 9 | dogecoin |
| 8 | bitcoin halving |
| 7 | solana |
| 6 | investors |
| 6 | price |
| 5 | befe |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 27 | bitcoin |
| 10 | halving |
| 8 | ethereum |
| 6 | cryptocurrency market |
| 6 | price |
| 5 | bitcoin mining stocks |
| 5 | bitcoin price |
| 4 | analyst |
| 4 | crypto |
| 4 | cryptojacking |
Crypto Investor Fear & Greed Index
The Fear and Greed indicators show that the market sentiment is currently in a state of greed, with overall positive expectations. However, it is important to consider the potential risks and maintain a balanced approach to investment decisions. The variation and diversity in sentiment among different sources and indicators provide a comprehensive overview of the market sentiment.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-04-17 00:00:00 | 65pt | 0pt | Alternative.me |
| 2024-04-17 00:00:00 | 67pt | 2pt | Alternative.me |
| 2024-04-16 00:00:00 | 65pt | -9pt | Alternative.me |
| 2024-04-16 00:00:00 | 74pt | 0pt | Alternative.me |
| 2024-04-15 00:00:00 | 72pt | 0pt | Alternative.me |
| 2024-04-15 00:00:00 | 74pt | 2pt | Alternative.me |
| 2024-04-17 00:00:00 | 65pt | -9pt | BitDegree.org |
| 2024-04-16 00:00:00 | 74pt | 2pt | BitDegree.org |
| 2024-04-15 00:00:00 | 72pt | 0pt | BitDegree.org |
| 2024-04-17 00:00:00 | 56pt | -1pt | BtcTools.io |
| 2024-04-16 16:00:00 | 57pt | -1pt | BtcTools.io |
| 2024-04-16 08:00:00 | 58pt | -1pt | BtcTools.io |
| 2024-04-16 00:00:00 | 59pt | 2pt | BtcTools.io |
| 2024-04-15 16:00:00 | 57pt | -1pt | BtcTools.io |
| 2024-04-15 08:00:00 | 58pt | 5pt | BtcTools.io |
| 2024-04-15 00:00:00 | 53pt | 3pt | BtcTools.io |
| 2024-04-14 16:00:00 | 50pt | 0pt | BtcTools.io |
| 2024-04-17 00:00:00 | 67pt | 2pt | Coinstats.app |
| 2024-04-16 00:00:00 | 65pt | -9pt | Coinstats.app |
| 2024-04-16 00:00:00 | 74pt | 0pt | Coinstats.app |
| 2024-04-15 00:00:00 | 74pt | 0pt | Coinstats.app |
| 2024-04-17 00:00:00 | 65pt | 0pt | LookIntoBitcoin.com |
| 2024-04-17 00:00:00 | 67pt | 2pt | LookIntoBitcoin.com |
| 2024-04-16 00:00:00 | 65pt | -9pt | LookIntoBitcoin.com |
| 2024-04-16 00:00:00 | 74pt | 0pt | LookIntoBitcoin.com |
| 2024-04-15 00:00:00 | 72pt | 0pt | LookIntoBitcoin.com |
| 2024-04-15 00:00:00 | 74pt | 2pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
The Bitcoin Address Indicators provide valuable insights into the activity and trends of Bitcoin wallets. The data shows fluctuations in the number of active addresses and wallet balances over time. Understanding these indicators can give us a better understanding of user engagement and the overall health of the Bitcoin network.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-04-17 08:00:00 | 1,250,107,865 | 0.00% | Total Addresses | bitaps.com |
| 2024-04-17 08:00:00 | 904,647 | -0.39% | Bitcoin Active Addresses | btc.com |
| 2024-04-17 08:00:00 | 540,583 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-04-17 08:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-04-17 08:00:00 | 2,893,817 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-04-17 08:00:00 | 9,715,701 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-04-17 08:00:00 | 13,299,837 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-04-17 08:00:00 | 12,072,465 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-04-17 08:00:00 | 8,057,127 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-04-17 08:00:00 | 3,552,036 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-04-17 08:00:00 | 865,229 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-04-17 08:00:00 | 138,909 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-04-17 08:00:00 | 13,882 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-04-17 08:00:00 | 1,909 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-04-17 08:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-04-17 08:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
Analysis of economic events in the cryptocurrency market indicates the importance of tracking global events and their impact on cryptocurrencies. Factors such as government regulations, market reports, and economic indicators can significantly influence cryptocurrency prices and market sentiment. Monitoring these events is crucial for making informed investment decisions.
| Date | Impact | Event |
|---|---|---|
| 2024-04-18 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-04-18 14:00:00 | High | Existing Home Sales Year over Year |
| 2024-04-18 14:00:00 | High | Existing Home Sales Annual Rate |
| 2024-04-18 14:00:00 | High | Existing Home Sales Month over Month |
| 2024-04-18 12:30:00 | Moderate | Philadelphia Fed Manufacturing Index Index |
| 2024-04-18 12:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-04-18 12:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-04-18 12:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-04-17 23:15:00 | Moderate | USD – FOMC Member Bowman Speaks |
| 2024-04-17 22:30:00 | Moderate | USD – FOMC Member Bowman Speaks |
| 2024-04-17 21:30:00 | Moderate | USD – FOMC Member Mester Speaks |
| 2024-04-17 20:00:00 | Moderate | USD – TIC Net Long-Term Transactions (Feb) |
| 2024-04-17 20:00:00 | Moderate | Treasury International Capital Net Long-Term Securities Transactions |
| 2024-04-17 18:00:00 | Moderate | EUR – ECB President Lagarde Speaks |
| 2024-04-17 18:00:00 | Moderate | USD – Beige Book |
| 2024-04-17 18:00:00 | Moderate | GBP – MPC Member Haskel Speaks |
| 2024-04-17 17:00:00 | Moderate | USD – 20-Year Bond Auction |
| 2024-04-17 16:00:00 | Moderate | EUR – ECB President Lagarde Speaks |
| 2024-04-17 16:00:00 | Moderate | GBP – BoE Gov Bailey Speaks |
| 2024-04-17 15:45:00 | Moderate | EUR – ECB´s Schnabel Speaks |
| 2024-04-17 14:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-04-17 14:30:00 | High | USD – Crude Oil Inventories |
| 2024-04-17 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-04-17 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-04-17 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-04-17 12:30:00 | Moderate | CAD – Foreign Securities Purchases (Feb) |
| 2024-04-17 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-04-17 10:00:00 | Moderate | EUR – EU Leaders Summit |
| 2024-04-17 09:00:00 | High | EUR – CPI (YoY) (Mar) |
| 2024-04-17 09:00:00 | Moderate | EUR – CPI (MoM) (Mar) |
| 2024-04-17 09:00:00 | Moderate | EUR – Core CPI (YoY) (Mar) |
| 2024-04-17 06:00:00 | Moderate | GBP – PPI Input (MoM) (Mar) |
| 2024-04-17 06:00:00 | High | GBP – CPI (YoY) (Mar) |
| 2024-04-17 06:00:00 | Moderate | GBP – CPI (MoM) (Mar) |
| 2024-04-16 23:50:00 | Moderate | JPY – Trade Balance (Mar) |
| 2024-04-16 23:50:00 | Moderate | JPY – Exports (YoY) (Mar) |
| 2024-04-16 23:50:00 | Moderate | JPY – Adjusted Trade Balance |
| 2024-04-16 22:45:00 | Moderate | NZD – CPI (YoY) (Q1) |
| 2024-04-16 22:45:00 | Moderate | NZD – CPI (QoQ) (Q1) |
| 2024-04-16 20:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-04-16 20:00:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-04-16 17:15:00 | Moderate | CAD – BoC Gov Macklem Speaks |
| 2024-04-16 17:15:00 | High | USD – Fed Chair Powell Speaks |
| 2024-04-16 17:15:00 | Moderate | USD – Atlanta Fed GDPNow (Q1) |
| 2024-04-16 17:00:00 | Moderate | GBP – BoE Gov Bailey Speaks |
| 2024-04-16 16:30:00 | Moderate | USD – FOMC Member Williams Speaks |
| 2024-04-16 16:10:00 | Moderate | USD – Atlanta Fed GDPNow (Q1) |
| 2024-04-16 16:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q1) |
| 2024-04-16 14:30:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-04-16 13:15:00 | Moderate | USD – Industrial Production (YoY) (Mar) |
| 2024-04-16 13:15:00 | Moderate | USD – Industrial Production (MoM) (Mar) |
| 2024-04-16 13:15:00 | High | Industrial Production Capacity Utilization Rate |
| 2024-04-16 13:15:00 | High | Industrial Production Industrial Production – M/M |
| 2024-04-16 13:15:00 | High | Industrial Production Manufacturing Output – M/M |
| 2024-04-16 12:30:00 | Moderate | CAD – CPI (MoM) (Mar) |
| 2024-04-16 12:30:00 | Moderate | CAD – Core CPI (MoM) (Mar) |
| 2024-04-16 12:30:00 | Moderate | CAD – Core CPI (YoY) (Mar) |
| 2024-04-16 12:30:00 | Moderate | USD – Housing Starts (Mar) |
| 2024-04-16 12:30:00 | Moderate | USD – Housing Starts (MoM) (Mar) |
| 2024-04-16 12:30:00 | Moderate | USD – Building Permits (Mar) |
| 2024-04-16 12:30:00 | High | Housing Starts and Permits Permits – Annual Rate |
| 2024-04-16 12:30:00 | High | Housing Starts and Permits Starts – Annual Rate |
| 2024-04-16 12:15:00 | Moderate | CAD – Housing Starts (Mar) |
| 2024-04-16 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-04-16 09:00:00 | Moderate | EUR – ZEW Economic Sentiment (Apr) |
| 2024-04-16 09:00:00 | Moderate | EUR – Trade Balance (Feb) |
| 2024-04-16 09:00:00 | Moderate | EUR – German ZEW Economic Sentiment (Apr) |
| 2024-04-16 09:00:00 | Moderate | EUR – German ZEW Current Conditions (Apr) |
Crypto Assets Prices
Price analysis of major cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin, suggests both positive and negative trends. While Bitcoin and Ethereum experienced slight price fluctuations, Binance Coin witnessed a decline. The volatility and variation in price performance reflect the dynamic nature of the cryptocurrency market.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-04-16 08:16:00 | Bitcoin | 63,365.19 | -4.28% | -4.41 | -6.81% | 8.41 | 2.00% |
| 2024-04-15 08:16:00 | Bitcoin | 66,079.99 | 2.21% | 2.40 | 6.21% | 6.41 | -5.57% |
| 2024-04-16 08:16:00 | Ethereum | 3,094.42 | -4.74% | -4.77 | -10.39% | 9.77 | 0.53% |
| 2024-04-15 08:16:00 | Ethereum | 3,241.00 | 4.70% | 5.62 | 10.64% | 9.24 | -6.53% |
| 2024-04-16 08:16:00 | Binance Coin | 547.80 | -4.91% | -4.91 | -7.52% | 10.04 | 2.12% |
| 2024-04-15 08:16:00 | Binance Coin | 574.70 | 2.19% | 2.61 | 8.25% | 7.91 | -9.94% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes data indicate overall growth in the cryptocurrency market. Bitcoin remains the dominant cryptocurrency, with a substantial market capitalization. The volume of trading also demonstrates active participation and liquidity in the market. These metrics highlight the significant presence of cryptocurrencies and the continued interest of investors.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-04-17 00:00:00 | Binance Coin | 82,762,168,671 | -2.65% | 1,749,631,839 | -12.82% |
| 2024-04-16 00:00:00 | Binance Coin | 85,011,167,550 | -2.74% | 2,006,889,114 | -20.96% |
| 2024-04-15 00:00:00 | Binance Coin | 87,408,969,383 | 1.52% | 2,538,961,166 | -35.39% |
| 2024-04-17 00:00:00 | Bitcoin | 1,256,159,476,728 | 0.66% | 42,866,706,823 | -1.79% |
| 2024-04-16 00:00:00 | Bitcoin | 1,247,928,896,841 | -3.51% | 43,647,099,622 | -11.98% |
| 2024-04-15 00:00:00 | Bitcoin | 1,293,286,386,553 | 1.83% | 49,585,565,923 | -4.40% |
| 2024-04-17 00:00:00 | Ethereum | 370,630,802,175 | -0.43% | 19,796,906,751 | -14.26% |
| 2024-04-16 00:00:00 | Ethereum | 372,249,695,864 | -1.89% | 23,088,696,796 | -11.30% |
| 2024-04-15 00:00:00 | Ethereum | 379,419,782,688 | 4.33% | 26,029,142,224 | -16.15% |
| 2024-04-17 00:00:00 | Tether | 108,846,699,694 | 0.93% | 44,820,514,899 | 15.54% |
| 2024-04-16 00:00:00 | Tether | 107,841,139,880 | 0.08% | 38,791,038,469 | -54.02% |
| 2024-04-15 00:00:00 | Tether | 107,753,288,138 | 0.35% | 84,363,863,223 | -6.67% |
Cryptocurrency Exchanges Volume and Variation
Analysis of major exchanges in the cryptocurrency market reveals varying levels of trading activities. Exchanges such as Binance and CoinBase continue to attract significant trading volumes, while others, like Bitfinex and Gate.io, experienced fluctuations. Monitoring exchange activities provides valuable insights into market liquidity and investor sentiment.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-04-17 00:00:00 | Binance | 390,650 | -11.57% |
| 2024-04-16 00:00:00 | Binance | 441,785 | -9.41% |
| 2024-04-15 00:00:00 | Binance | 487,680 | -20.55% |
| 2024-04-17 00:00:00 | Binance US | 327 | -4.66% |
| 2024-04-16 00:00:00 | Binance US | 343 | 12.46% |
| 2024-04-15 00:00:00 | Binance US | 305 | -48.48% |
| 2024-04-17 00:00:00 | Bitfinex | 6,113 | -4.23% |
| 2024-04-16 00:00:00 | Bitfinex | 6,383 | -25.30% |
| 2024-04-15 00:00:00 | Bitfinex | 8,545 | -31.85% |
| 2024-04-17 00:00:00 | Bybit | 85,716 | -16.69% |
| 2024-04-16 00:00:00 | Bybit | 102,890 | -3.71% |
| 2024-04-15 00:00:00 | Bybit | 106,859 | -25.55% |
| 2024-04-17 00:00:00 | Coinbase | 50,552 | -15.64% |
| 2024-04-16 00:00:00 | Coinbase | 59,927 | -11.84% |
| 2024-04-15 00:00:00 | Coinbase | 67,973 | -29.84% |
| 2024-04-17 00:00:00 | Crypto.com | 25,135 | 0.68% |
| 2024-04-16 00:00:00 | Crypto.com | 24,966 | -13.14% |
| 2024-04-15 00:00:00 | Crypto.com | 28,744 | -2.74% |
| 2024-04-17 00:00:00 | Gate.io | 56,555 | -17.26% |
| 2024-04-16 00:00:00 | Gate.io | 68,350 | -10.89% |
| 2024-04-15 00:00:00 | Gate.io | 76,703 | -16.06% |
| 2024-04-17 00:00:00 | Kraken | 22,113 | -0.23% |
| 2024-04-16 00:00:00 | Kraken | 22,163 | 65.27% |
| 2024-04-15 00:00:00 | Kraken | 13,410 | -54.31% |
| 2024-04-17 00:00:00 | KuCoin | 15,533 | -16.62% |
| 2024-04-16 00:00:00 | KuCoin | 18,629 | -14.30% |
| 2024-04-15 00:00:00 | KuCoin | 21,737 | -31.05% |
| 2024-04-17 00:00:00 | OKX | 63,931 | -18.33% |
| 2024-04-16 00:00:00 | OKX | 78,282 | -13.93% |
| 2024-04-15 00:00:00 | OKX | 90,952 | -33.72% |
Mining – Blockchain Technology
Mining indicators, including difficulty, blocks, rewards, and hash rate, emphasize the importance of computational mining capacity in the cryptocurrency market. Fluctuations in mining difficulty, blocks, and rewards can impact the overall health and security of different blockchain networks. Considering these mining indicators provides a broader perspective on the cryptocurrency ecosystem.
| Item | 2024-04-17 | 2024-04-16 | 2024-04-15 | 2024-04-14 | 2024-04-13 | 2024-04-12 | 2024-04-11 |
|---|---|---|---|---|---|---|---|
| Difficulty | 86.39T | 86.39T | 86.39T | 86.39T | 86.39T | 86.39T | 86.39T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.92% |
| Blocks | 839.57K | 839.40K | 839.26K | 839.10K | 838.94K | 838.80K | 838.67K |
| 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 | 699.99B | 605.51B | 674.22B | 704.28B | 579.74B | 566.86B | 639.87B |
| Hash Rate GB Variation | 15.60% | -10.19% | -4.27% | 21.48% | 2.27% | -11.41% | 5.34% |
Conclusion
In conclusion, the cryptocurrency market is currently in a neutral trend with a slight upward momentum. Positive sentiment among investors and trends in major cryptocurrencies indicate overall market growth. However, there are concerns related to market fluctuations, the upcoming Bitcoin halving event, and potential selling pressure. It is crucial to stay informed about the latest news, market indicators, and economic events to make well-informed investment decisions.
So What
The current state of the cryptocurrency market has practical implications for investors and traders. It is essential to exercise caution and conduct thorough analysis before making investment decisions. A balanced approach, considering both positive and negative factors, can help mitigate risks and maximize potential returns.
What next?
Looking ahead, it is expected that the cryptocurrency market will continue its gradual upward trend. However, market dynamics can change rapidly, influenced by global events, regulatory developments, and technological advancements. Monitoring key indicators, staying updated with market news, and maintaining a diversified portfolio can help navigate the evolving cryptocurrency landscape.
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.
