Crypto Market Analysis & Trend: Neutral/Trending Down
The cryptocurrency market is currently experiencing a neutral to slightly downward trend. Based on recent data, there are indications of a slight decline in prices and market sentiment. However, the overall market volatility is still relatively high, which presents opportunities for both traders and investors. It is important to note that the cryptocurrency market is highly influenced by various factors, including economic events, market capitalizations, and trading volumes. Therefore, careful analysis of available data is essential for making informed decisions.
What is important
The key points to understand the current state of the cryptocurrency market are as follows: The prices of major cryptocurrencies like Bitcoin and Ethereum have experienced some downward pressure in the past 24 hours. This can be attributed to factors such as market corrections and pre-halving jitters. The market capitalizations and trading volumes of cryptocurrencies have also seen fluctuations, with some exchanges experiencing both positive and negative variations. Economic events, such as the Bitcoin halving and various speeches from industry experts, have influenced market sentiment. Additionally, the positive and negative keywords mentioned in the news highlight the mixed sentiments surrounding cryptocurrencies.
Top 5 – Latest Headlines & Cryptocurrency News
- Goldman Sachs Issues Stark Bitcoin Halving Price Warning– Goldman Sachs warns about the impact of the Bitcoin halving on its price.
- Bitcoin Price Plunges to Nearly $60,000 as Halving Nears– The price of Bitcoin has plunged nearly $6,000 as the halving event nears.
- XRP Price: Fall To $0.3 Imminent Pre-Bitcoin Halving?– XRP price expected to fall to $0.3 before the Bitcoin halving.
- Bitcoin Price Prediction: Anticipating $150K Post-Halving Amid Market Corrections– Bitcoin price is predicted to reach $150k after the halving, despite market corrections.
- Pre-Halving Jitters: Bitcoin Price Briefly Slips Below $60,000– Bitcoin price briefly slips below $60,000, causing pre-halving jitters.
Factors Driving the Growth – Market Sentiment
The analysis of positive and negative keywords in the news reflects a mixed sentiment in the cryptocurrency market. Positive keywords such as ‘Bitcoin Price Prediction’ and ‘Increasing Interest’ suggest optimism and growth potential. However, negative keywords like ‘Price Plunges’ and ‘Whale Dumps’ indicate some concerns and selling pressure. It is important to consider both positive and negative aspects when analyzing the market sentiment and making investment decisions.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 29 | bitcoin |
| 26 | binance |
| 24 | cryptocurrency market |
| 14 | cryptocurrency |
| 13 | ethereum |
| 10 | bitcoin halving |
| 9 | dogecoin |
| 8 | halving |
| 6 | price |
| 5 | $1 billion |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 21 | bitcoin |
| 6 | halving |
| 5 | bitcoin halving |
| 5 | price |
| 4 | $60,000 |
| 4 | $60k |
| 4 | ethereum |
| 4 | solana |
| 3 | airdrop |
| 3 | binance |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators provide insights into the overall sentiment of the cryptocurrency market. The data shows that the market sentiment has been mostly in the fear and greed range, with some extreme fear in certain instances. However, it is important to note that market sentiment can change rapidly in response to various factors, such as economic events, news, and market conditions.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-04-18 00:00:00 | 57pt | -10pt | Alternative.me |
| 2024-04-18 00:00:00 | 67pt | 0pt | Alternative.me |
| 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 |
| 2024-04-18 00:00:00 | 67pt | 2pt | BitDegree.org |
| 2024-04-17 00:00:00 | 65pt | -9pt | BitDegree.org |
| 2024-04-16 00:00:00 | 74pt | 0pt | BitDegree.org |
| 2024-04-18 08:00:00 | 53pt | -4pt | BtcTools.io |
| 2024-04-18 00:00:00 | 57pt | 2pt | BtcTools.io |
| 2024-04-17 16:00:00 | 55pt | -1pt | BtcTools.io |
| 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 | 0pt | BtcTools.io |
| 2024-04-18 00:00:00 | 57pt | -10pt | Coinstats.app |
| 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 |
| 2024-04-18 05:00:00 | 57pt | -10pt | LookIntoBitcoin.com |
| 2024-04-18 00:00:00 | 67pt | 0pt | LookIntoBitcoin.com |
| 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 |
Bitcoin: Active Addresses
The Bitcoin Address Indicators provide information on the number and variation of active addresses in the Bitcoin network. The data shows that the number of addresses with different balances has remained relatively stable in the past few days. This indicates a consistent level of activity in the Bitcoin network. However, it is important to consider other factors, such as transaction volumes and network congestion, when assessing the overall health and usage of the Bitcoin network.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-04-18 08:00:00 | 1,250,107,865 | 0.00% | Total Addresses | bitaps.com |
| 2024-04-18 08:00:00 | 770,647 | -2.97% | Bitcoin Active Addresses | btc.com |
| 2024-04-18 08:00:00 | 540,583 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-04-18 08:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-04-18 08:00:00 | 2,893,817 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-04-18 08:00:00 | 9,715,701 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-04-18 08:00:00 | 13,299,837 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-04-18 08:00:00 | 12,072,465 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-04-18 08:00:00 | 8,057,127 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-04-18 08:00:00 | 3,552,036 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-04-18 08:00:00 | 865,229 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-04-18 08:00:00 | 138,909 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-04-18 08:00:00 | 13,882 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-04-18 08:00:00 | 1,909 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-04-18 08:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-04-18 08:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The Economic Events table provides insights into important events and announcements that can impact the cryptocurrency market. These events include economic indicators, central bank speeches, and auctions. It is crucial to monitor these events as they can influence market sentiment and price movements. Traders and investors should stay updated on upcoming economic events to make informed decisions.
| Date | Impact | Event |
|---|---|---|
| 2024-04-18 23:30:00 | Moderate | JPY – National CPI (MoM) |
| 2024-04-18 23:30:00 | Moderate | JPY – National Core CPI (YoY) (Mar) |
| 2024-04-18 21:45:00 | Moderate | USD – FOMC Member Bostic Speaks |
| 2024-04-18 20:30:00 | Moderate | USD – Fed´s Balance Sheet |
| 2024-04-18 17:30:00 | Moderate | EUR – ECB´s Schnabel Speaks |
| 2024-04-18 17:00:00 | Moderate | USD – 5-Year TIPS Auction |
| 2024-04-18 15:00:00 | Moderate | USD – FOMC Member Bostic Speaks |
| 2024-04-18 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-04-18 14:00:00 | Moderate | USD – US Leading Index (MoM) (Mar) |
| 2024-04-18 14:00:00 | High | USD – Existing Home Sales (Mar) |
| 2024-04-18 14:00:00 | Moderate | USD – Existing Home Sales (MoM) (Mar) |
| 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 13:15:00 | Moderate | USD – FOMC Member Williams Speaks |
| 2024-04-18 13:15:00 | Moderate | USD – FOMC Member Bowman Speaks |
| 2024-04-18 13:05:00 | Moderate | USD – FOMC Member Bowman Speaks |
| 2024-04-18 12:30:00 | Moderate | USD – Philly Fed Employment (Apr) |
| 2024-04-18 12:30:00 | High | USD – Philadelphia Fed Manufacturing Index (Apr) |
| 2024-04-18 12:30:00 | High | USD – Initial Jobless Claims |
| 2024-04-18 12:30:00 | Moderate | USD – Continuing Jobless Claims |
| 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 |
| 2024-04-18 12:00:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-04-18 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-04-18 10:00:00 | Moderate | EUR – EU Leaders Summit |
| 2024-04-18 07:15:00 | Moderate | EUR – ECB´s De Guindos Speaks |
| 2024-04-18 01:30:00 | Moderate | JPY – BoJ Board Member Noguchi Speaks |
| 2024-04-18 01:30:00 | Moderate | AUD – Unemployment Rate (Mar) |
| 2024-04-18 01:30:00 | Moderate | AUD – Full Employment Change (Mar) |
| 2024-04-18 01:30:00 | Moderate | AUD – Employment Change (Mar) |
| 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) |
Crypto Assets Prices
The Prices table highlights the recent price variations in major cryptocurrencies. The data shows both upward and downward movements in prices, indicating the market’s volatility. It is important to track and analyze these price movements to identify potential trading opportunities and assess the overall market sentiment.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-04-18 08:15:00 | Bitcoin | 60,968.62 | -4.10% | -3.72 | -4.00% | 6.47 | 1.76% |
| 2024-04-17 08:15:00 | Bitcoin | 63,465.61 | 0.15% | 0.28 | 4.68% | 4.71 | -3.70% |
| 2024-04-16 08:15:00 | Bitcoin | 63,369.99 | -4.29% | -4.40 | -6.81% | 8.41 | 2.00% |
| 2024-04-18 08:15:00 | Ethereum | 2,962.20 | -3.99% | -3.61 | -3.46% | 5.93 | 1.63% |
| 2024-04-17 08:15:00 | Ethereum | 3,080.40 | -0.43% | -0.15 | 4.64% | 4.30 | -5.48% |
| 2024-04-16 08:15:00 | Ethereum | 3,093.56 | -4.72% | -4.79 | -10.37% | 9.77 | 0.53% |
| 2024-04-18 08:15:00 | Binance Coin | 541.40 | -0.68% | -0.40 | -0.08% | 8.45 | 3.23% |
| 2024-04-17 08:15:00 | Binance Coin | 545.10 | -0.46% | -0.33 | 4.62% | 5.22 | -4.81% |
| 2024-04-16 08:15:00 | Binance Coin | 547.60 | -4.99% | -4.95 | -7.59% | 10.04 | 2.12% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table provides information on the total market capitalization and trading volumes of major cryptocurrencies. The data shows that there have been fluctuations in market capitalizations and trading volumes, reflecting the dynamic nature of the cryptocurrency market. These fluctuations present opportunities for traders and investors to capitalize on price movements.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-04-18 00:00:00 | Binance Coin | 82,333,439,697 | -0.52% | 1,996,718,737 | 14.12% |
| 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% |
| 2024-04-18 00:00:00 | Bitcoin | 1,207,185,042,484 | -3.90% | 41,487,531,762 | -3.22% |
| 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% |
| 2024-04-18 00:00:00 | Ethereum | 358,157,898,516 | -3.37% | 18,919,230,577 | -4.43% |
| 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% |
| 2024-04-18 00:00:00 | Tether | 108,719,080,825 | -0.12% | 54,315,202,814 | 21.18% |
| 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% |
Cryptocurrency Exchanges Volume and Variation
The Exchanges table displays the total trading volumes and variations in major cryptocurrency exchanges. The data shows that there have been changes in trading volumes across different exchanges, indicating varying levels of market activity. Traders and investors should monitor these volumes to identify liquidity and market depth across different exchanges.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-04-18 00:00:00 | Binance | 415,300 | 6.31% |
| 2024-04-17 00:00:00 | Binance | 390,650 | -11.57% |
| 2024-04-16 00:00:00 | Binance | 441,785 | -9.41% |
| 2024-04-18 00:00:00 | Binance US | 322 | -1.53% |
| 2024-04-17 00:00:00 | Binance US | 327 | -4.66% |
| 2024-04-16 00:00:00 | Binance US | 343 | 12.46% |
| 2024-04-18 00:00:00 | Bitfinex | 7,244 | 18.50% |
| 2024-04-17 00:00:00 | Bitfinex | 6,113 | -4.23% |
| 2024-04-16 00:00:00 | Bitfinex | 6,383 | -25.30% |
| 2024-04-18 00:00:00 | Bybit | 86,554 | 0.98% |
| 2024-04-17 00:00:00 | Bybit | 85,716 | -16.69% |
| 2024-04-16 00:00:00 | Bybit | 102,890 | -3.71% |
| 2024-04-18 00:00:00 | Coinbase | 54,004 | 6.83% |
| 2024-04-17 00:00:00 | Coinbase | 50,552 | -15.64% |
| 2024-04-16 00:00:00 | Coinbase | 59,927 | -11.84% |
| 2024-04-18 00:00:00 | Crypto.com | 21,835 | -13.13% |
| 2024-04-17 00:00:00 | Crypto.com | 25,135 | 0.68% |
| 2024-04-16 00:00:00 | Crypto.com | 24,966 | -13.14% |
| 2024-04-18 00:00:00 | Gate.io | 58,013 | 2.58% |
| 2024-04-17 00:00:00 | Gate.io | 56,555 | -17.26% |
| 2024-04-16 00:00:00 | Gate.io | 68,350 | -10.89% |
| 2024-04-18 00:00:00 | Kraken | 21,203 | -4.12% |
| 2024-04-17 00:00:00 | Kraken | 22,113 | -0.23% |
| 2024-04-16 00:00:00 | Kraken | 22,163 | 65.27% |
| 2024-04-18 00:00:00 | KuCoin | 15,820 | 1.85% |
| 2024-04-17 00:00:00 | KuCoin | 15,533 | -16.62% |
| 2024-04-16 00:00:00 | KuCoin | 18,629 | -14.30% |
| 2024-04-18 00:00:00 | OKX | 62,978 | -1.49% |
| 2024-04-17 00:00:00 | OKX | 63,931 | -18.33% |
| 2024-04-16 00:00:00 | OKX | 78,282 | -13.93% |
Mining – Blockchain Technology
The Mining table presents data related to mining difficulty, mined blocks, block rewards, and hash rate in the cryptocurrency market. The data indicates that mining difficulty and hash rate have remained relatively stable, while block rewards and the number of mined blocks have shown variations. These factors contribute to the overall security and functioning of the cryptocurrency networks.
| Item | 2024-04-18 | 2024-04-17 | 2024-04-16 | 2024-04-15 | 2024-04-14 | 2024-04-13 | 2024-04-12 |
|---|---|---|---|---|---|---|---|
| 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% | 0.00% |
| Blocks | 839.70K | 839.57K | 839.40K | 839.26K | 839.10K | 838.94K | 838.80K |
| 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 | 588.33B | 699.99B | 605.51B | 674.22B | 704.28B | 579.74B | 566.86B |
| Hash Rate GB Variation | -15.95% | 15.60% | -10.19% | -4.27% | 21.48% | 2.27% | -11.41% |
Conclusion
In conclusion, the cryptocurrency market is currently experiencing a neutral to slightly downward trend. The analysis of various data tables, such as prices, market capitalizations, and volumes, provides insights into the market’s dynamics and sentiment. The positive and negative keywords in the news reflect the mixed sentiment surrounding cryptocurrencies. Economic events and mining indicators also influence market behavior. It is important for traders and investors to assess these factors and conduct thorough analysis before making any investment decisions.
So What
The current state of the cryptocurrency market implies that caution and careful analysis are required. Traders and investors should consider the mixed sentiment, market volumes, and price fluctuations when making decisions. It is essential to manage risks effectively and stay updated with market developments.
What next?
Looking ahead, the cryptocurrency market is expected to continue experiencing volatility and responding to various factors such as economic events, market sentiment, and technological advancements. Traders and investors should closely monitor these developments and adapt their strategies accordingly. Additionally, ongoing regulations, institutional participation, and advancements in blockchain technology will shape the future landscape of the cryptocurrency market.
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.
