Crypto Market Analysis & Trend: Neutral/Trending Up
Over the past 8 hours, the cryptocurrency market has shown a neutral to trending up trend. This analysis is based on the latest available data from various sources. Although there are some positive keywords mentioned in the news, indicating a potential upward movement, it is essential to consider the overall market sentiment and the influence of important news events, economic indicators, and market capitalization trends.
What is important
The current state of the cryptocurrency market requires attention to several key points. First, the positive keywords table highlights the strong presence and interest in major cryptocurrencies such as Bitcoin and Ethereum, with active addresses and significant market capitalizations. Similarly, the negative keywords indicate potential issues related to money laundering and regulatory concerns. Additionally, the Fear and Greed Indicators suggest a sentiment ranging from fear to greed, emphasizing the need for careful analysis. Economic events, including consumer sentiment and GDP data, have the potential to impact the market. Lastly, the market capitalizations and volumes data provide insights into the overall size and liquidity of the major cryptocurrencies.
Top 5 – Latest Headlines & Cryptocurrency News
- BlackRock Bitcoin ETF leapfrogs ´cash vacuum cleaners´ with new inflow record– BlackRock Bitcoin ETF achieves a new record for inflows.
- Bitcoin Mixing Service Samourai Wallet Founders Arrested, Charged With Money Laundering– The founders of Samourai Wallet, a Bitcoin mixing service, have been arrested and charged with money laundering.
- South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers– The South African regulator has licensed 75 institutions as crypto asset service providers.
- HBAR Skyrockets 60% Amid BlackRock Confusion, BTC Aims at $67K (Market Watch)– Hedera Hashgraph (HBAR) surges by 60% amidst confusion about BlackRock involvement, while Bitcoin (BTC) aims for $67k.
- Binance Expand Support For BOME, TIA, MATIC; Prices Rally– Binance to expand support for BOME, TIA, and MATIC, leading to a rally in prices.
Factors Driving the Growth – Market Sentiment
The positive keywords table reveals the prominence of major cryptocurrencies like Bitcoin, Ethereum, and Binance Coin, along with positive news related to BlackRock’s Bitcoin ETF and South African regulation. However, negative keywords such as money laundering and arrests indicate potential concerns within the market. It is crucial to consider both positive and negative sentiments when assessing the overall market sentiment.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 32 | binance |
| 30 | bitcoin |
| 21 | cryptocurrency market |
| 16 | cryptocurrency |
| 12 | blackrock |
| 9 | ethereum |
| 9 | hong kong |
| 9 | solana |
| 8 | bitcoin halving |
| 7 | presale |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 15 | samourai wallet |
| 11 | money laundering |
| 10 | arrested |
| 10 | bitcoin |
| 9 | binance |
| 6 | founders |
| 6 | sec |
| 5 | cryptocurrency market |
| 5 | nigeria |
| 4 | charged |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators exhibit a mixed sentiment ranging from fear to greed. While the market sentiment seems to be leaning towards greed, it is important to remain cautious as extreme levels of greed can lead to market volatility and potential corrections. The indicator values for different sources and dates varied, suggesting fluctuations in the overall sentiment. Considering the volatility and potential risks associated with extreme greed, it is advisable to exercise prudent decision-making and risk management strategies.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-04-25 00:00:00 | 72pt | 0pt | Alternative.me |
| 2024-04-24 00:00:00 | 71pt | 0pt | Alternative.me |
| 2024-04-24 00:00:00 | 72pt | 1pt | Alternative.me |
| 2024-04-23 00:00:00 | 71pt | -2pt | Alternative.me |
| 2024-04-23 00:00:00 | 73pt | 0pt | Alternative.me |
| 2024-04-25 00:00:00 | 72pt | 0pt | BitDegree.org |
| 2024-04-24 11:00:00 | 72pt | 1pt | BitDegree.org |
| 2024-04-24 00:00:00 | 71pt | -2pt | BitDegree.org |
| 2024-04-23 00:00:00 | 73pt | 0pt | BitDegree.org |
| 2024-04-25 08:00:00 | 56pt | -5pt | BtcTools.io |
| 2024-04-25 00:00:00 | 61pt | -2pt | BtcTools.io |
| 2024-04-24 16:00:00 | 63pt | -1pt | BtcTools.io |
| 2024-04-24 08:00:00 | 64pt | 3pt | BtcTools.io |
| 2024-04-24 00:00:00 | 61pt | -1pt | BtcTools.io |
| 2024-04-23 16:00:00 | 62pt | 5pt | BtcTools.io |
| 2024-04-23 08:00:00 | 57pt | -2pt | BtcTools.io |
| 2024-04-23 00:00:00 | 59pt | -1pt | BtcTools.io |
| 2024-04-22 16:00:00 | 60pt | 0pt | BtcTools.io |
| 2024-04-25 00:00:00 | 72pt | 0pt | Coinstats.app |
| 2024-04-24 00:00:00 | 72pt | 1pt | Coinstats.app |
| 2024-04-23 00:00:00 | 71pt | -2pt | Coinstats.app |
| 2024-04-23 00:00:00 | 73pt | 0pt | Coinstats.app |
| 2024-04-25 00:00:00 | 72pt | 0pt | LookIntoBitcoin.com |
| 2024-04-24 00:00:00 | 71pt | 0pt | LookIntoBitcoin.com |
| 2024-04-24 00:00:00 | 72pt | 1pt | LookIntoBitcoin.com |
| 2024-04-23 00:00:00 | 71pt | -2pt | LookIntoBitcoin.com |
| 2024-04-23 00:00:00 | 73pt | 0pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
The Bitcoin address indicators provide insights into the active addresses and quantities of wallet addresses based on balance values. The data suggests a consistent number of active addresses, indicating ongoing participation in the Bitcoin network. While variations in the numbers are observed, they generally align with market trends. It is crucial to monitor these indicators to assess the level of adoption and activity within the Bitcoin ecosystem.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-04-25 00:00:00 | 1,250,107,865 | 0.00% | Total Addresses | bitaps.com |
| 2024-04-25 00:00:00 | 1,198,736,893 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-04-25 00:00:00 | 833,816 | 2.66% | Bitcoin Active Addresses | btc.com |
| 2024-04-25 00:00:00 | 540,583 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-04-25 00:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-04-25 00:00:00 | 2,893,817 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-04-25 00:00:00 | 9,715,701 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-04-25 00:00:00 | 13,299,837 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-04-25 00:00:00 | 12,072,465 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-04-25 00:00:00 | 8,057,127 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-04-25 00:00:00 | 3,552,036 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-04-25 00:00:00 | 865,229 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-04-25 00:00:00 | 138,909 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-04-25 00:00:00 | 13,882 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-04-25 00:00:00 | 1,909 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-04-25 00:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-04-25 00:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The economic events highlighted in the table play a critical role in shaping the cryptocurrency market. News related to consumer sentiment, GDP, and trade balances can impact the overall market sentiment and investor confidence. It is essential to closely monitor these economic indicators as they provide insights into the potential direction of the market.
| Date | Impact | Event |
|---|---|---|
| 2024-04-26 14:00:00 | Moderate | Consumer Sentiment Year-ahead Inflation Expectations |
| 2024-04-26 14:00:00 | Moderate | Consumer Sentiment Index |
| 2024-04-26 12:30:00 | High | Personal Income and Outlays PCE Price Index – M/M |
| 2024-04-26 12:30:00 | High | Personal Income and Outlays Core PCE Price Index – M/M |
| 2024-04-26 12:30:00 | High | Personal Income and Outlays PCE Price Index – Y/Y |
| 2024-04-26 12:30:00 | High | Personal Income and Outlays Personal Consumption Expenditures – M/M |
| 2024-04-26 12:30:00 | High | Personal Income and Outlays Core PCE Price Index – Y/Y |
| 2024-04-26 12:30:00 | High | Personal Income and Outlays Personal Income – M/M |
| 2024-04-25 23:30:00 | Moderate | JPY – Tokyo Core CPI (YoY) (Apr) |
| 2024-04-25 20:30:00 | Moderate | USD – Fed´s Balance Sheet |
| 2024-04-25 17:00:00 | Moderate | USD – 7-Year Note Auction |
| 2024-04-25 15:45:00 | Moderate | EUR – German Buba Mauderer Speaks |
| 2024-04-25 15:15:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-04-25 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-04-25 14:00:00 | Moderate | USD – Pending Home Sales (MoM) (Mar) |
| 2024-04-25 14:00:00 | Moderate | Pending Home Sales Index Month over Month |
| 2024-04-25 14:00:00 | Moderate | Pending Home Sales Index Index |
| 2024-04-25 12:30:00 | Moderate | USD – Retail Inventories Ex Auto (Mar) |
| 2024-04-25 12:30:00 | High | USD – Initial Jobless Claims |
| 2024-04-25 12:30:00 | Moderate | USD – Goods Trade Balance (Mar) |
| 2024-04-25 12:30:00 | Moderate | USD – GDP Price Index (QoQ) (Q1) |
| 2024-04-25 12:30:00 | High | USD – GDP (QoQ) (Q1) |
| 2024-04-25 12:30:00 | Moderate | USD – Continuing Jobless Claims |
| 2024-04-25 12:30:00 | High | International Trade in Goods (Advance) Imports – M/M |
| 2024-04-25 12:30:00 | High | GDP Quarter over Quarter – Annual Rate |
| 2024-04-25 12:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-04-25 12:30:00 | High | International Trade in Goods (Advance) Balance |
| 2024-04-25 12:30:00 | High | GDP Personal Consumption Expenditures – Annual Rate |
| 2024-04-25 12:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-04-25 12:30:00 | High | International Trade in Goods (Advance) Exports – M/M |
| 2024-04-25 12:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-04-25 10:00:00 | Moderate | EUR – France Jobseekers Total |
| 2024-04-25 08:00:00 | Moderate | EUR – ECB Economic Bulletin |
| 2024-04-25 07:00:00 | Moderate | EUR – ECB´s Schnabel Speaks |
| 2024-04-25 06:00:00 | Moderate | EUR – GfK German Consumer Climate (May) |
| 2024-04-24 17:00:00 | Moderate | USD – 5-Year Note Auction |
| 2024-04-24 16:30:00 | Moderate | USD – Atlanta Fed GDPNow (Q1) |
| 2024-04-24 15:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q1) |
| 2024-04-24 14:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-04-24 14:30:00 | High | USD – Crude Oil Inventories |
| 2024-04-24 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-04-24 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-04-24 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-04-24 14:00:00 | Moderate | EUR – ECB´s Schnabel Speaks |
| 2024-04-24 13:15:00 | Moderate | EUR – ECB McCaul Speaks |
| 2024-04-24 12:30:00 | Moderate | CAD – Wholesale Sales (MoM) |
| 2024-04-24 12:30:00 | Moderate | CAD – Retail Sales (MoM) (Feb) |
| 2024-04-24 12:30:00 | Moderate | CAD – Core Retail Sales (MoM) (Feb) |
| 2024-04-24 12:30:00 | High | USD – Durable Goods Orders (MoM) (Mar) |
| 2024-04-24 12:30:00 | Moderate | USD – Core Durable Goods Orders (MoM) (Mar) |
| 2024-04-24 12:30:00 | High | Durable Goods Orders Core Capital Goods – M/M |
| 2024-04-24 12:30:00 | High | Durable Goods Orders New Orders – M/M |
| 2024-04-24 12:30:00 | High | Durable Goods Orders Ex-Transportation – M/M |
| 2024-04-24 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-04-24 09:50:00 | Moderate | EUR – German 10-Year Bund Auction |
| 2024-04-24 09:30:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-04-24 09:30:00 | Moderate | EUR – German 10-Year Bund Auction |
| 2024-04-24 08:15:00 | Moderate | EUR – ECB Supervisory Board Member Tuominen Speaks |
Crypto Assets Prices
The prices table reflects recent price movements and variations in the major cryptocurrencies. Bitcoin, Ethereum, and Binance Coin experienced price fluctuations over the analyzed period. These variations can be influenced by several factors, including market sentiment, economic events, and regulatory news. It is important to track price movements and their correlations with other market indicators for a comprehensive understanding of the cryptocurrency market.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-04-25 08:11:00 | Bitcoin | 63,970.46 | -4.18% | -3.85 | -4.50% | 4.92 | 2.85% |
| 2024-04-24 08:11:00 | Bitcoin | 66,645.99 | 0.89% | 0.65 | 0.51% | 2.07 | -0.37% |
| 2024-04-23 08:11:00 | Bitcoin | 66,054.01 | 0.12% | 0.14 | -1.47% | 2.45 | -1.04% |
| 2024-04-25 08:11:00 | Ethereum | 3,133.56 | -3.86% | -3.65 | -6.34% | 6.08 | 2.52% |
| 2024-04-24 08:11:00 | Ethereum | 3,254.39 | 3.00% | 2.69 | 4.18% | 3.56 | 1.27% |
| 2024-04-23 08:11:00 | Ethereum | 3,156.75 | -1.33% | -1.49 | -2.42% | 2.29 | -1.51% |
| 2024-04-25 08:11:00 | Binance Coin | 607.30 | -0.21% | -0.02 | -0.68% | 4.37 | 1.49% |
| 2024-04-24 08:11:00 | Binance Coin | 608.60 | 1.20% | 0.66 | 1.09% | 2.88 | -0.10% |
| 2024-04-23 08:11:00 | Binance Coin | 601.30 | -0.22% | -0.43 | -4.38% | 2.98 | -4.51% |
Cryptocurrency Capitalization and Volume
The market capitalizations and volumes data offer a comprehensive view of the overall size and trading activity in the cryptocurrency market. The variations in market capitalizations and volumes indicate changes in investor sentiment and trading behavior. It is essential to monitor these metrics to assess the liquidity and overall health of the market and make informed investment decisions.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-04-25 00:00:00 | Binance Coin | 93,635,542,240 | 0.28% | 1,950,782,421 | 9.47% |
| 2024-04-24 00:00:00 | Binance Coin | 93,371,090,992 | 0.25% | 1,782,081,628 | 133.28% |
| 2024-04-23 00:00:00 | Binance Coin | 93,140,127,566 | 4.54% | 763,909,936 | -24.47% |
| 2024-04-25 00:00:00 | Bitcoin | 1,265,541,377,861 | -3.23% | 24,056,798,426 | 8.15% |
| 2024-04-24 00:00:00 | Bitcoin | 1,307,786,234,812 | -0.70% | 22,244,439,898 | -19.63% |
| 2024-04-23 00:00:00 | Bitcoin | 1,317,058,642,854 | 2.91% | 27,679,088,777 | 41.61% |
| 2024-04-25 00:00:00 | Ethereum | 383,068,563,917 | -2.54% | 13,870,769,582 | 26.74% |
| 2024-04-24 00:00:00 | Ethereum | 393,043,550,840 | 2.23% | 10,944,381,924 | -10.75% |
| 2024-04-23 00:00:00 | Ethereum | 384,466,906,716 | 1.76% | 12,262,910,625 | 34.27% |
| 2024-04-25 00:00:00 | Tether | 110,475,849,461 | 0.04% | 52,099,595,572 | 26.19% |
| 2024-04-24 00:00:00 | Tether | 110,436,760,602 | 0.50% | 41,286,910,987 | -8.42% |
| 2024-04-23 00:00:00 | Tether | 109,891,550,172 | 0.02% | 45,084,310,245 | 45.59% |
Cryptocurrency Exchanges Volume and Variation
The data from major exchanges shows variations in trading volumes across different platforms. Binance, Binance US, and Bitfinex demonstrated fluctuating trading volumes, highlighting the dynamic nature of trading activity in the cryptocurrency market. These variations in volume can be influenced by factors such as market sentiment and the availability of trading pairs. It is important to consider these trends when analyzing exchange-related data.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-04-25 00:00:00 | Binance | 370,508 | 25.64% |
| 2024-04-24 00:00:00 | Binance | 294,887 | 3.63% |
| 2024-04-23 00:00:00 | Binance | 284,544 | 33.82% |
| 2024-04-25 00:00:00 | Binance US | 348 | 43.21% |
| 2024-04-24 00:00:00 | Binance US | 243 | -2.02% |
| 2024-04-23 00:00:00 | Binance US | 248 | 32.62% |
| 2024-04-25 00:00:00 | Bitfinex | 2,683 | 8.80% |
| 2024-04-24 00:00:00 | Bitfinex | 2,466 | -39.28% |
| 2024-04-23 00:00:00 | Bitfinex | 4,061 | 78.74% |
| 2024-04-25 00:00:00 | Bybit | 69,506 | 38.49% |
| 2024-04-24 00:00:00 | Bybit | 50,187 | -15.78% |
| 2024-04-23 00:00:00 | Bybit | 59,588 | 38.62% |
| 2024-04-25 00:00:00 | Coinbase | 44,586 | 41.98% |
| 2024-04-24 00:00:00 | Coinbase | 31,403 | -8.83% |
| 2024-04-23 00:00:00 | Coinbase | 34,446 | 56.14% |
| 2024-04-25 00:00:00 | Crypto.com | 19,586 | 34.85% |
| 2024-04-24 00:00:00 | Crypto.com | 14,524 | -1.01% |
| 2024-04-23 00:00:00 | Crypto.com | 14,672 | 11.89% |
| 2024-04-25 00:00:00 | Gate.io | 52,433 | 33.48% |
| 2024-04-24 00:00:00 | Gate.io | 39,281 | 1.37% |
| 2024-04-23 00:00:00 | Gate.io | 38,752 | 12.16% |
| 2024-04-25 00:00:00 | Kraken | 18,311 | 14.67% |
| 2024-04-24 00:00:00 | Kraken | 15,968 | 2.35% |
| 2024-04-23 00:00:00 | Kraken | 15,602 | 138.82% |
| 2024-04-25 00:00:00 | KuCoin | 14,233 | 27.25% |
| 2024-04-24 00:00:00 | KuCoin | 11,185 | -4.40% |
| 2024-04-23 00:00:00 | KuCoin | 11,700 | 19.39% |
| 2024-04-25 00:00:00 | OKX | 48,063 | 36.53% |
| 2024-04-24 00:00:00 | OKX | 35,204 | -11.22% |
| 2024-04-23 00:00:00 | OKX | 39,654 | 29.23% |
Mining – Blockchain Technology
The mining data provides insights into the mining difficulty, mined blocks, block rewards, and hash rate in the cryptocurrency market. Mining difficulty and block rewards influence the supply of cryptocurrencies, while hash rate represents the computational mining capacity. The variations observed in these metrics highlight the dynamic nature of the mining ecosystem. It is important to monitor these indicators as they can indicate the level of network participation and potential impacts on the overall market.
| Item | 2024-04-25 | 2024-04-24 | 2024-04-23 | 2024-04-22 | 2024-04-21 | 2024-04-20 | 2024-04-19 |
|---|---|---|---|---|---|---|---|
| Difficulty | 88.10T | 86.39T | 86.39T | 86.39T | 86.39T | 86.39T | 86.39T |
| Difficulty Variation | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 840.74K | 840.59K | 840.42K | 840.27K | 840.13K | 840.00K | 839.85K |
| Blocks Variation | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Reward BTC | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 6.25 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -50.00% | 0.00% |
| Hash Rate GB | 678.85B | 712.87B | 644.16B | 605.51B | 558.27B | 648.45B | 618.39B |
| Hash Rate GB Variation | -4.77% | 10.67% | 6.38% | 8.46% | -13.91% | 4.86% | 5.11% |
Conclusion
In conclusion, the cryptocurrency market is currently exhibiting a neutral to trending up trend. The positive keywords and market capitalizations demonstrate continued interest and adoption of major cryptocurrencies. However, there are potential concerns, indicated by negative keywords and regulatory news. Economic events play a crucial role in shaping market sentiment, and it is important to closely monitor their impact. The Fear and Greed Indicators suggest caution, as extreme levels of greed can lead to market volatility. Understanding price movements, exchange activity, mining trends, and market capitalizations is crucial for making informed investment decisions.
So What
The current state of the cryptocurrency market implies both opportunities and risks. It is essential for investors and market participants to stay updated on market trends, news events, and regulatory developments. Implementing a thorough risk management strategy is crucial to navigate market volatility effectively. Additionally, it is important to conduct extensive research and consider expert analysis before making investment decisions.
What next?
Looking ahead, the cryptocurrency market is expected to continue its dynamic nature. Factors such as regulatory developments, technological advancements, and macroeconomic trends may significantly influence market sentiment. It is advisable to closely monitor important news events, market capitalizations, and trading volumes as indicators of potential market shifts. Additionally, staying informed about economic events and their impact on major cryptocurrencies is crucial. Overall, a comprehensive understanding of various market factors will help investors and participants navigate the evolving cryptocurrency landscape effectively.
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.
