03/10/2023 Crypto Market Analysis & Trend: Neutral
With the data provided and analyzing the overall market data, we are observing a neutral sentiment within the cryptocurrency space in the short-term outlook. This perspective is supported by the significant variations noted in the ‘Fear and Greed Indicators’ data, showing a fluctuating range between fear and greed. With sources like Alternative.me and BitDegree.org, the sentiment swung from fear into greed, providing significant fluctuations in the underlying sentiments. Additionally, our analysis of the ‘Bitcoin Address Indicators’ illuminates a minor decrease in active Bitcoin addresses. This nominal decrease in active addresses could be a signal of stagnation within the Bitcoin trading community. Overall, while we notice some optimistic signs, significant uncertainties linger in the market. This neutral outlook marries the complex combination of positive and negative indicators.
What is important
The cryptocurrency market, at this moment, is laden with mixed sentiments. Despite signs of recovery in prices such as Bitcoin’s and Ethereum’s climb over the recent past (‘Prices’ table), the ‘Fear and Greed Indicators’ suggest fluctuating investor sentiment. The variations in ‘Bitcoin Address Indicators’ raise questions about Bitcoin’s trading momentum. This blend of fluctuating sentiment and mixed price performance paints a complex landscape for the cryptocurrency market.
Latest Crypto News β Top 5
- Bitcoin, Solana products lead first crypto investment inflow since mid-Augustβ News indicates Bitcoin and Solana investment products lead first crypto inflow since mid-August
- September: A Month of Devastating Exploits and Lossesβ The article discusses the September crypto carnage, which includes devastating exploits and losses in the cryptocurrency market.
- Crypto Expert Says XRP Price Will Surge 1100% To New All-Time High, HereΒ΄s Whenβ XRP price surges 1100% according to expert
- Crypto Market Cap Adds $40B Daily as Solana (SOL) Explodes 14% (Market Watch)β The cryptocurrency market cap increases by $40 billion daily, with Solana (SOL) experiencing a surge of 14%.
- FTX Heist: Hacker Shifts $51M in Ethereum as Former CEO Preps for Trialβ A hacker shifted $51m in Ethereum as a former CEO preps for trial.
Factors DrivingΒ the Growth β Market Sentiment
There is a continuous focus on major cryptocurrencies such as Bitcoin in positive market mentions, as observed from the ‘Positive Keywords’ table. However, the ‘Negative Keywords’ table hints at regulatory concerns and potential market downturns, with terms like ‘cryptocurrency market’ and ‘Bitcoin’ featuring more prominently.
Positive Terms βΒ Sentiment Analysis
Occurrences | Keyword |
---|---|
19 | bitcoin |
10 | cryptocurrency market |
8 | price |
5 | coinbase |
5 | solana |
5 | surge |
4 | crypto |
4 | singapore |
3 | $28k |
3 | ethereum |
Negative Terms β Sentiment Analysis
Occurrences | Keyword |
---|---|
7 | cryptocurrency market |
5 | bitcoin |
4 | crypto |
4 | ftx |
4 | sam bankman-fried |
3 | ethereum |
3 | hacks |
3 | q3 |
3 | sec |
3 | shiba inu |
Crypto Fear & Greed Index
The ‘Fear and Greed Indicators’ highlight an extremely fluctuating cryptocurrency market sentiment. With sources like Alternative.me and BitDegree.org indicating varying states of fear and greed, market sentiment remains diverse and changeable.
Date | Value | Variation | Source |
---|---|---|---|
30/09/2023 01:00:00 | 47pt | 0pt | Alternative.me |
03/10/2023 00:00:00 | 50pt | 0pt | Alternative.me |
02/10/2023 01:00:00 | 50pt | 2pt | Alternative.me |
02/10/2023 00:00:00 | 48pt | 0pt | Alternative.me |
01/10/2023 01:00:00 | 48pt | 1pt | Alternative.me |
01/10/2023 00:00:00 | 47pt | 0pt | Alternative.me |
30/09/2023 07:00:00 | 47pt | 0pt | BitDegree.org |
03/10/2023 00:00:00 | 50pt | 0pt | BitDegree.org |
02/10/2023 10:00:00 | 50pt | 2pt | BitDegree.org |
02/10/2023 00:00:00 | 48pt | 0pt | BitDegree.org |
01/10/2023 06:00:00 | 48pt | 1pt | BitDegree.org |
01/10/2023 00:00:00 | 47pt | 0pt | BitDegree.org |
30/09/2023 08:00:00 | 66pt | 1pt | BtcTools.io |
30/09/2023 01:00:00 | 65pt | 0pt | BtcTools.io |
03/10/2023 00:00:00 | 62pt | -9pt | BtcTools.io |
02/10/2023 08:00:00 | 71pt | 2pt | BtcTools.io |
02/10/2023 00:00:00 | 69pt | 0pt | BtcTools.io |
01/10/2023 16:00:00 | 69pt | 4pt | BtcTools.io |
01/10/2023 08:00:00 | 65pt | 1pt | BtcTools.io |
01/10/2023 00:00:00 | 64pt | -2pt | BtcTools.io |
03/10/2023 00:00:00 | 50pt | 0pt | Coinstats.app |
02/10/2023 00:00:00 | 50pt | 2pt | Coinstats.app |
01/10/2023 00:00:00 | 48pt | 0pt | Coinstats.app |
02/10/2023 00:00:00 | 50pt | 2pt | LookIntoBitcoin.com |
01/10/2023 00:00:00 | 48pt | 0pt | LookIntoBitcoin.com |
30/09/2023 01:00:00 | 47pt | 0pt | Milkroad.com |
03/10/2023 00:00:00 | 50pt | 0pt | Milkroad.com |
02/10/2023 01:00:00 | 50pt | 2pt | Milkroad.com |
02/10/2023 00:00:00 | 48pt | 0pt | Milkroad.com |
01/10/2023 01:00:00 | 48pt | 1pt | Milkroad.com |
01/10/2023 00:00:00 | 47pt | 0pt | Milkroad.com |
Bitcoin Active Addresses
The ‘Bitcoin Address Indicators’ show a minor decrease in active addresses but do not indicate a large-scale exodus from the Bitcoin market. It hints at a cautious stagnation among the Bitcoin trading community, rather than an outright decline.
Date | Value | Variation | Address | Source |
---|---|---|---|---|
01/10/2023 00:00:00 | 1,036,440 | -1.72% | Bitcoin Active Addresses | LookIntoBitcoin.com |
30/09/2023 00:00:00 | 1,054,314 | -0.97% | Bitcoin Active Addresses | LookIntoBitcoin.com |
29/09/2023 00:00:00 | 1,064,536 | 0.96% | Bitcoin Active Addresses | LookIntoBitcoin.com |
28/09/2023 00:00:00 | 1,054,331 | -0.61% | Bitcoin Active Addresses | LookIntoBitcoin.com |
01/10/2023 00:00:00 | 12,364,929 | -0.06% | Addresses with Balance > 0.01 Bitcoin | LookIntoBitcoin.com |
30/09/2023 00:00:00 | 12,372,275 | -0.01% | Addresses with Balance > 0.01 Bitcoin | LookIntoBitcoin.com |
29/09/2023 00:00:00 | 12,373,899 | -0.03% | Addresses with Balance > 0.01 Bitcoin | LookIntoBitcoin.com |
28/09/2023 00:00:00 | 12,377,437 | -0.11% | Addresses with Balance > 0.01 Bitcoin | LookIntoBitcoin.com |
01/10/2023 00:00:00 | 4,490,861 | 0.00% | Addresses with Balance > 0.1 Bitcoin | LookIntoBitcoin.com |
30/09/2023 00:00:00 | 4,490,827 | -0.01% | Addresses with Balance > 0.1 Bitcoin | LookIntoBitcoin.com |
29/09/2023 00:00:00 | 4,491,346 | 0.01% | Addresses with Balance > 0.1 Bitcoin | LookIntoBitcoin.com |
28/09/2023 00:00:00 | 4,491,084 | -0.06% | Addresses with Balance > 0.1 Bitcoin | LookIntoBitcoin.com |
01/10/2023 00:00:00 | 1,021,459 | 0.01% | Addresses with Balance > 1 Bitcoin | LookIntoBitcoin.com |
30/09/2023 00:00:00 | 1,021,328 | 0.00% | Addresses with Balance > 1 Bitcoin | LookIntoBitcoin.com |
29/09/2023 00:00:00 | 1,021,367 | -0.01% | Addresses with Balance > 1 Bitcoin | LookIntoBitcoin.com |
28/09/2023 00:00:00 | 1,021,436 | -0.01% | Addresses with Balance > 1 Bitcoin | LookIntoBitcoin.com |
01/10/2023 00:00:00 | 157,353 | 0.01% | Addresses with Balance > 10 Bitcoin | LookIntoBitcoin.com |
30/09/2023 00:00:00 | 157,342 | 0.01% | Addresses with Balance > 10 Bitcoin | LookIntoBitcoin.com |
29/09/2023 00:00:00 | 157,320 | 0.00% | Addresses with Balance > 10 Bitcoin | LookIntoBitcoin.com |
28/09/2023 00:00:00 | 157,313 | 0.02% | Addresses with Balance > 10 Bitcoin | LookIntoBitcoin.com |
01/10/2023 00:00:00 | 15,827 | 0.04% | Addresses with Balance > 100 Bitcoin | LookIntoBitcoin.com |
30/09/2023 00:00:00 | 15,820 | 0.01% | Addresses with Balance > 100 Bitcoin | LookIntoBitcoin.com |
29/09/2023 00:00:00 | 15,818 | 0.03% | Addresses with Balance > 100 Bitcoin | LookIntoBitcoin.com |
28/09/2023 00:00:00 | 15,814 | 0.03% | Addresses with Balance > 100 Bitcoin | LookIntoBitcoin.com |
01/10/2023 00:00:00 | 2,004 | 0.00% | Addresses with Balance > 1000 Bitcoin | LookIntoBitcoin.com |
30/09/2023 00:00:00 | 2,004 | 0.05% | Addresses with Balance > 1000 Bitcoin | LookIntoBitcoin.com |
29/09/2023 00:00:00 | 2,003 | -0.15% | Addresses with Balance > 1000 Bitcoin | LookIntoBitcoin.com |
28/09/2023 00:00:00 | 2,006 | 0.10% | Addresses with Balance > 1000 Bitcoin | LookIntoBitcoin.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table does not show any significant direct influences on the cryptocurrency market. However, events like ‘EIA Petroleum Status Report Crude Oil Inventories’ and ‘JOLTs Job Openings’ could create indirect influence through macroeconomic indicators.
Date | Impact | Event |
---|---|---|
04/10/2023 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories β W/W |
04/10/2023 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories β W/W |
04/10/2023 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories β W/W |
04/10/2023 14:00:00 | Moderate | ISM Services Index Index |
04/10/2023 14:00:00 | Moderate | Factory Orders Month over Month |
04/10/2023 12:15:00 | Moderate | ADP Employment Report Private Payrolls β M/M |
03/10/2023 20:30:00 | Moderate | API Weekly Crude Oil Stock |
03/10/2023 14:00:00 | High | JOLTs Job Openings (Aug) |
03/10/2023 14:00:00 | Moderate | JOLTS Job Openings |
03/10/2023 12:00:00 | Moderate | Industrial Production (YoY) (Aug) |
03/10/2023 12:00:00 | Moderate | FOMC Member Bostic Speaks |
03/10/2023 08:00:00 | Moderate | IPC-Fipe Inflation Index (MoM) (Sep) |
03/10/2023 07:00:00 | Moderate | Spanish Unemployment Change |
03/10/2023 06:30:00 | Moderate | CPI (MoM) (Sep) |
03/10/2023 06:10:00 | Moderate | ECBΒ΄s Lane Speaks |
03/10/2023 03:35:00 | Moderate | 10-Year JGB Auction |
03/10/2023 03:30:00 | Moderate | RBA Rate Statement |
03/10/2023 03:30:00 | High | RBA Interest Rate Decision (Oct) |
03/10/2023 00:30:00 | Moderate | Home Loans (MoM) |
03/10/2023 00:30:00 | Moderate | Building Approvals (MoM) (Aug) |
03/10/2023 00:00:00 | Moderate | Motor Vehicle Sales North American-Made Sales β Annual Rate |
03/10/2023 00:00:00 | Moderate | Motor Vehicle Sales Total Vehicle Sales β Annual Rate |
02/10/2023 23:30:00 | Moderate | FOMC Member Mester Speaks |
02/10/2023 21:00:00 | Moderate | NZIER Business Confidence (Q3) |
02/10/2023 17:30:00 | Moderate | FOMC Member Williams Speaks |
02/10/2023 15:00:00 | Moderate | FOMC Member Harker Speaks |
02/10/2023 15:00:00 | High | Fed Chair Powell Speaks |
02/10/2023 15:00:00 | Moderate | BoE MPC Member Mann |
02/10/2023 14:00:00 | High | ISM Manufacturing Index Index |
02/10/2023 14:00:00 | Moderate | Construction Spending Year over Year |
02/10/2023 14:00:00 | Moderate | Construction Spending Month over Month |
02/10/2023 14:00:00 | High | ISM Manufacturing Prices (Sep) |
02/10/2023 14:00:00 | High | ISM Manufacturing PMI (Sep) |
02/10/2023 14:00:00 | Moderate | ISM Manufacturing Employment (Sep) |
02/10/2023 13:45:00 | Moderate | PMI Manufacturing Final Index |
02/10/2023 13:45:00 | Moderate | S&P Global US Manufacturing PMI (Sep) |
02/10/2023 09:00:00 | Moderate | Unemployment Rate (Aug) |
02/10/2023 08:30:00 | Moderate | IPC-Fipe Inflation Index (MoM) (Sep) |
02/10/2023 08:30:00 | Moderate | S&P Global/CIPS UK Manufacturing PMI (Sep) |
02/10/2023 08:00:00 | Moderate | HCOB Eurozone Manufacturing PMI (Sep) |
02/10/2023 08:00:00 | Moderate | IPC-Fipe Inflation Index (MoM) (Sep) |
02/10/2023 07:55:00 | Moderate | HCOB Germany Manufacturing PMI (Sep) |
02/10/2023 07:50:00 | Moderate | HCOB France Manufacturing PMI (Sep) |
02/10/2023 07:45:00 | Moderate | HCOB Italy Manufacturing PMI (Sep) |
02/10/2023 07:30:00 | Moderate | procure.ch PMI (Sep) |
02/10/2023 07:15:00 | Moderate | HCOB Spain Manufacturing PMI (Sep) |
02/10/2023 07:00:00 | Moderate | ECBΒ΄s De Guindos Speaks |
02/10/2023 07:00:00 | Moderate | Spanish Unemployment Change |
02/10/2023 06:00:00 | Moderate | Nationwide HPI (MoM) |
02/10/2023 06:00:00 | Moderate | Nationwide HPI (YoY) |
Cryptocurrency Prices
The ‘Prices’ table suggests a recent recovery in the prices of major cryptocurrencies like Bitcoin and Ethereum, despite some sporadic downturns. However, the price variation between different cryptocurrencies remains substantial, pointing towards market volatility.
Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
---|---|---|---|---|---|---|---|
03/10/2023 00:00:00 | Bitcoin | 27,494.52 | -1.81% | -1.57 | -5.28% | 4.76 | 0.73% |
02/10/2023 00:00:00 | Bitcoin | 27,992.57 | 3.68% | 3.71 | 3.61% | 4.03 | 3.25% |
01/10/2023 00:00:00 | Bitcoin | 26,962.56 | 0.00% | 0.10 | 0.00% | 0.78 | 0.00% |
03/10/2023 00:00:00 | Ethereum | 1,662.41 | -4.29% | -3.59 | -7.16% | 6.55 | 1.57% |
02/10/2023 00:00:00 | Ethereum | 1,733.79 | 3.63% | 3.57 | 3.58% | 4.98 | 3.29% |
01/10/2023 00:00:00 | Ethereum | 1,670.89 | 0.00% | -0.01 | 0.00% | 1.69 | 0.00% |
03/10/2023 00:00:00 | Binance Coin | 214.60 | -1.68% | -1.33 | -2.92% | 3.99 | 1.03% |
02/10/2023 00:00:00 | Binance Coin | 218.20 | 1.65% | 1.58 | 2.09% | 2.96 | 1.84% |
01/10/2023 00:00:00 | Binance Coin | 214.60 | 0.00% | -0.51 | 0.00% | 1.12 | 0.00% |
CryptocurrencyΒ Capitalization and Volume
Insights from the ‘Market Capitalizations and Volumes’ table show that major cryptocurrencies such as Bitcoin and Ethereum have experienced market capitalization fluctuations. While capitalization for Bitcoin and Ethereum recently decreased, Binance Coin saw minor growth. This underlines the overall neutrality in the market.
Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
---|---|---|---|---|---|
03/10/2023 00:00:00 | Binance Coin | 33,063,385,446 | -1.44% | 565,111,889 | 25.68% |
02/10/2023 00:00:00 | Binance Coin | 33,539,533,248 | 1.51% | 419,977,148 | 55.06% |
01/10/2023 00:00:00 | Binance Coin | 33,034,392,756 | -0.15% | 188,754,346 | -88.74% |
03/10/2023 00:00:00 | Bitcoin | 538,323,470,358 | -1.30% | 10,245,157,482 | -4.81% |
02/10/2023 00:00:00 | Bitcoin | 545,302,108,027 | 3.55% | 10,737,885,172 | 41.96% |
01/10/2023 00:00:00 | Bitcoin | 525,936,342,995 | 0.29% | 6,232,496,381 | -92.59% |
03/10/2023 00:00:00 | Ethereum | 200,172,602,294 | -4.22% | 14,640,329,653 | 39.55% |
02/10/2023 00:00:00 | Ethereum | 208,616,290,408 | 3.71% | 8,849,858,942 | 39.07% |
01/10/2023 00:00:00 | Ethereum | 200,867,042,113 | 0.14% | 5,392,381,676 | -107.98% |
03/10/2023 00:00:00 | Tether | 83,273,336,895 | 0.03% | 30,151,959,924 | 45.05% |
02/10/2023 00:00:00 | Tether | 83,251,476,138 | -0.01% | 16,569,712,937 | 35.83% |
01/10/2023 00:00:00 | Tether | 83,258,001,885 | -0.01% | 10,632,113,690 | -27.95% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table points to a steady fluctuation in volume across multiple cryptocurrency exchanges. Such fluctuations indicate both heightened activity and potential volatility within the market.
Date | Exchange | Volume | Variation |
---|---|---|---|
03/10/2023 00:00:00 | Binance | 271,487 | 40.47% |
02/10/2023 00:00:00 | Binance | 161,624 | 26.67% |
01/10/2023 00:00:00 | Binance | 118,523 | -53.14% |
03/10/2023 00:00:00 | Binance US | 511 | 30.23% |
02/10/2023 00:00:00 | Binance US | 357 | 49.53% |
01/10/2023 00:00:00 | Binance US | 180 | -72.95% |
03/10/2023 00:00:00 | Bitfinex | 4,896 | 24.63% |
02/10/2023 00:00:00 | Bitfinex | 3,690 | 66.07% |
01/10/2023 00:00:00 | Bitfinex | 1,252 | -150.33% |
03/10/2023 00:00:00 | Bybit | 63,722 | 54.72% |
02/10/2023 00:00:00 | Bybit | 28,851 | 54.06% |
01/10/2023 00:00:00 | Bybit | 13,254 | -186.70% |
03/10/2023 00:00:00 | Coinbase | 54,271 | 54.23% |
02/10/2023 00:00:00 | Coinbase | 24,842 | 37.91% |
01/10/2023 00:00:00 | Coinbase | 15,425 | -103.67% |
03/10/2023 00:00:00 | Crypto.com | 19,827 | 50.02% |
02/10/2023 00:00:00 | Crypto.com | 9,909 | 35.68% |
01/10/2023 00:00:00 | Crypto.com | 6,374 | -104.94% |
03/10/2023 00:00:00 | Gate.io | 32,657 | 45.32% |
02/10/2023 00:00:00 | Gate.io | 17,858 | 28.30% |
01/10/2023 00:00:00 | Gate.io | 12,804 | -46.11% |
03/10/2023 00:00:00 | Kraken | 28,462 | 60.13% |
02/10/2023 00:00:00 | Kraken | 11,347 | 48.92% |
01/10/2023 00:00:00 | Kraken | 5,797 | -224.49% |
03/10/2023 00:00:00 | KuCoin | 14,978 | 21.52% |
02/10/2023 00:00:00 | KuCoin | 11,754 | 42.68% |
01/10/2023 00:00:00 | KuCoin | 6,737 | -41.54% |
03/10/2023 00:00:00 | OKX | 43,753 | 37.19% |
02/10/2023 00:00:00 | OKX | 27,483 | 43.94% |
01/10/2023 00:00:00 | OKX | 15,407 | -91.36% |
Mining β Blockchain Technology
The ‘Mining’ analysis indicates a steady climber regarding difficulty, showing growing competition amongst miners. This stability suggests that the mining community remains active and committed, despite market fluctuations and energy cost concerns.
Item | 03/10/2023 | 02/10/2023 | 01/10/2023 | 30/09/2023 | 29/09/2023 | 28/09/2023 | 27/09/2023 |
---|---|---|---|---|---|---|---|
Difficulty | 57.12T | 57.12T | 57.12T | 57.12T | 57.12T | 57.12T | 57.12T |
Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Blocks | 810.38K | 810.22K | 810.08K | 809.94K | 809.79K | 809.65K | 809.49K |
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 | 440.11B | 400.36B | 389.00B | 417.40B | 411.72B | 445.79B | 380.49B |
Hash Rate GB Variation | 9.03% | 2.84% | -7.30% | 1.36% | -8.28% | 14.65% | -5.97% |
Conclusion
Combining all these factors, the existing market conditions reflect a neutral sentiment in the short term. The fluctuating investor sentiment, the cautious stagnation in Bitcoin trading, the sporadic yet noticeable recovery in prices, and steady mining activity all signify a complex market scenario. Despite pockets of positive trends, substantial uncertainties and the potential for market volatility overshadow a fully optimistic outlook.
So What
While the indicators suggest a neutral stance, it’s important for market participants to remain cautious. Traders should prepare for potential market volatility and carefully examine their investment strategies in light of these market conditions. Anchor your strategies in strong research, keep an eye on market movements, stay flexible, and consider the risk management properties of your investment portfolio.
What next?
In the near future, the market may continue its hesitating stance between fear and greed, thus creating more market neutrality. However, the potential for sudden changes always exists within this unpredictable market. As a result, it’s critical to monitor any changes in market sentiment, major price movements, events impacting the economy, and mining activity for meaningful trends and patterns that could signal a shift in the market direction.
Disclaimer β 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.
Author: CryptoTrends Team β 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.