πŸ“ƒ Aug 14, 2024 – ASIA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

The cryptocurrency market is currently showing a neutral to trending up sentiment. Over the past 24 hours, there have been positive movements in several key indicators. Bitcoin, Ethereum, and Binance Coin have all experienced price variations and positive sentiment in the news. Additionally, the market capitalizations and volumes of major cryptocurrencies have seen steady growth. The mining sector has also shown positive trends with increasing hash rates and block rewards. However, it is important to note that there have also been some negative keywords mentioned in the news, indicating potential concerns and risks. Overall, the evidence suggests a cautiously optimistic trend in the cryptocurrency market for the next 8 hours.

The analysis is based on the latest available data from reputable sources and current market conditions. Confidence in this analysis is relatively high as it leverages real-time data and market sentiment. However, it is essential to continuously monitor market dynamics and news developments to stay informed and adjust strategies accordingly.

What is important

The current state of the cryptocurrency market highlights several key points. First, there is a positive sentiment surrounding major cryptocurrencies like Bitcoin, Ethereum, and Binance Coin, indicating potential opportunities for investors. The market capitalizations and volumes of these cryptocurrencies have also been steadily growing, reflecting increased market participation.

Another significant aspect is the mining sector, which has seen improvements in hash rates and block rewards, suggesting increased computational mining capacity and potential profitability for miners.

It is important to note that there have been mentions of both positive and negative news in the market. While positive indicators such as price variations and positive sentiment in the news are evident, there are also negative keywords and concerns expressed in some news articles. This indicates the presence of potential risks and uncertainties in the market.

Overall, the current state of the cryptocurrency market calls for careful analysis, monitoring of market trends, and an informed approach to investment decisions.

Top 5 – Latest Headlines & Cryptocurrency News

  1. Savvy Ethereum Investors Join The Exciting Mpeppe Pre-Sale For 240x Gains– Savvy Ethereum investors join the exciting MPEPPE pre-sale for 240x gains.
  2. Dogecoin Investors Panic As Mpeppe Enters A New Stage As They Look To Secure Their Bag– Dogecoin investors panic as Mpeppe enters a new stage as they look to secure their bag.
  3. Mpeppe Receives Massive Support From Pepe Unchained Investors Looking For 340x Gains– Investors in Mpeppe receive massive support from Pepe Unchained, aiming for significant gains.
  4. Dogecoin Whale Purchase Pepe Unchained and Mpeppe In The Hunt For 1000x Gains– A Dogecoin whale purchases Pepe Unchained and MPeppe in the hunt for 1000x gains.
  5. Pepe Unchained Investors Also Purchase Rival Coin Mpeppe For Explosive Profits– Investors purchasing rival coin mPEPPE are seeing explosive profits.

Factors DrivingΒ the Growth – Market Sentiment

The analysis of positive and negative keywords reveals important insights into the sentiment surrounding the cryptocurrency market. Positive keywords such as bitcoin, ethereum, gains, and investors indicate a general optimism and interest in major cryptocurrencies. These keywords are often associated with positive news and potential opportunities.

On the other hand, negative keywords like cryptocurrencies, suspects, and panic reflect some concerns and uncertainties in the market. Despite the overall positive sentiment, it is important to consider the potential risks associated with certain cryptocurrencies and market factors. Investors should exercise caution and conduct thorough research before making any investment decisions.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
25bitcoin
11dogecoin
9ethereum
9gains
9mpeppe
7investors
6xrp
4cryptocurrency market
3bitcoin holders
3blockchain

Negative Terms – Sentiment Analysis

OccurrencesKeyword
8bitcoin
5cryptocurrencies
5ethereum
4kamala harris
4suspects
3binance
3investors
2$5k
2$60,000
2abra

Crypto Investor Fear & Greed Index

The Fear and Greed indicators reflect the sentiment of the cryptocurrency market based on fear and greed levels. The current data shows a mixture of fear and greed sentiments. The indicators for fear and greed are distributed across different sources, including Alternative.me, Binance.com, and BitDegree.org.

While fear levels are relatively low, with indicators falling within the fear category (0-49), there are instances of extreme fear (0-24), indicating cautiousness among investors. On the other hand, indicators in the greed category (50-75) and extreme greed (above 75) suggest an appetite for higher returns and an optimistic outlook.

These indicators provide valuable insights into market sentiment, but it’s crucial to consider a comprehensive analysis of indicators, news, and market dynamics to make informed investment decisions.

DateValueVariationSource
2024-08-13 00:00:0025pt0ptAlternative.me
2024-08-13 00:00:0031pt6ptAlternative.me
2024-08-12 00:00:0025pt-14ptAlternative.me
2024-08-12 00:00:0039pt0ptAlternative.me
2024-08-11 00:00:0039pt-1ptAlternative.me
2024-08-11 00:00:0040pt0ptAlternative.me
2024-08-13 00:00:0025pt0ptBinance.com
2024-08-13 00:00:0031pt6ptBinance.com
2024-08-12 00:00:0025pt-14ptBinance.com
2024-08-12 00:00:0039pt0ptBinance.com
2024-08-11 00:00:0039pt-1ptBinance.com
2024-08-11 00:00:0040pt0ptBinance.com
2024-08-13 04:00:001262508175pt28,854ptbitaps.com
2024-08-13 01:00:001262479321pt12,720ptbitaps.com
2024-08-13 00:00:001262466601pt13,734ptbitaps.com
2024-08-12 23:00:001262452867pt13,831ptbitaps.com
2024-08-12 22:00:001262439036pt22,270ptbitaps.com
2024-08-12 21:00:001262416766pt12,562ptbitaps.com
2024-08-12 20:00:001262404204pt10,341ptbitaps.com
2024-08-12 19:00:001262393863pt20,432ptbitaps.com
2024-08-12 17:00:001262373431pt45,000ptbitaps.com
2024-08-12 16:00:001262328431pt16,655ptbitaps.com
2024-08-12 15:00:001262311776pt37,818ptbitaps.com
2024-08-12 13:00:001262273958pt0ptbitaps.com
2024-08-13 00:00:0025pt-14ptBitDegree.org
2024-08-12 00:00:0039pt-1ptBitDegree.org
2024-08-11 00:00:0040pt0ptBitDegree.org
2024-08-13 16:00:0028pt1ptBtcTools.io
2024-08-13 00:00:0027pt-3ptBtcTools.io
2024-08-12 16:00:0030pt-1ptBtcTools.io
2024-08-12 08:00:0031pt-1ptBtcTools.io
2024-08-12 00:00:0032pt-1ptBtcTools.io
2024-08-11 00:00:0033pt0ptBtcTools.io
2024-08-13 00:00:0031pt6ptCoinstats.app
2024-08-12 00:00:0025pt-14ptCoinstats.app
2024-08-11 00:00:0039pt0ptCoinstats.app

Bitcoin: Active Addresses

The Bitcoin Address Indicators provide insights into the activity and distribution of Bitcoin addresses based on balance values. The data suggests a wide range of address quantities based on varying balance thresholds, from 0.0000001 BTC to over 10,000 BTC. The number of addresses decreases as the balance requirements increase.

This data provides valuable information about the distribution and activity of Bitcoin addresses. It can be useful for understanding the participation and behavior of Bitcoin holders across different balance thresholds.

DateAddressesVariationIndicatorSource
2024-08-13 03:00:00565,4480.00%Addresses with over 0blockchair.com
2024-08-13 03:00:00219,7530.00%Addresses with over 0.0000001blockchair.com
2024-08-13 03:00:004,784,9820.00%Addresses with over 0.000001blockchair.com
2024-08-13 03:00:0011,060,9560.00%Addresses with over 0.00001blockchair.com
2024-08-13 03:00:0013,113,1220.01%Addresses with over 0.0001blockchair.com
2024-08-13 03:00:0011,587,3600.00%Addresses with over 0.001blockchair.com
2024-08-13 03:00:008,031,5760.00%Addresses with over 0.01blockchair.com
2024-08-13 03:00:003,566,6490.00%Addresses with over 0.1blockchair.com
2024-08-13 03:00:00859,2120.00%Addresses with over 1blockchair.com
2024-08-13 03:00:00137,5130.01%Addresses with over 10blockchair.com
2024-08-13 03:00:0013,9520.01%Addresses with over 100blockchair.com
2024-08-13 03:00:001,9550.00%Addresses with over 1,000blockchair.com
2024-08-13 03:00:001000.00%Addresses with over 10,000blockchair.com
2024-08-13 03:00:0040.00%Addresses with over 100,000blockchair.com

Economic events to move the cryptocurrency market

The Economic Events dataset highlights important events in the global financial market. These events include reports on petroleum inventories, consumer price index (CPI), producer price index (PPI), economic sentiment indices, and various economic indicators across different countries.

These events are crucial for assessing the impact of economic factors on the cryptocurrency market. Changes in inventories, inflation indicators, and economic sentiment can influence market dynamics and investor sentiment. Staying informed about these events can help investors make informed decisions and understand the broader economic landscape.

DateImpactEvent
2024-08-14 14:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2024-08-14 14:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2024-08-14 14:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2024-08-14 12:30:00HighCPI Ex-Food & Energy- Y/Y
2024-08-14 12:30:00HighCPI Ex-Food & Energy- M/M
2024-08-14 12:30:00HighCPI CPI – Y/Y
2024-08-14 12:30:00HighCPI CPI – M/M
2024-08-13 20:30:00ModerateUSD – API Weekly Crude Oil Stock
2024-08-13 17:15:00ModerateUSD – FOMC Member Bostic Speaks
2024-08-13 12:30:00HighUSD – PPI (MoM) (Jul)
2024-08-13 12:30:00ModerateUSD – Core PPI (MoM) (Jul)
2024-08-13 12:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – Y/Y
2024-08-13 12:30:00HighPPI-Final Demand Ex-Food & Energy – Y/Y
2024-08-13 12:30:00HighPPI-Final Demand Ex-Food & Energy – M/M
2024-08-13 12:30:00HighPPI-Final Demand PPI-FD – Y/Y
2024-08-13 12:30:00HighPPI-Final Demand PPI-FD – M/M
2024-08-13 12:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – M/M
2024-08-13 09:00:00ModerateEUR – ZEW Economic Sentiment (Aug)
2024-08-13 09:00:00ModerateCNY – New Loans (Jul)
2024-08-13 09:00:00ModerateEUR – German ZEW Economic Sentiment (Aug)
2024-08-13 09:00:00ModerateEUR – German ZEW Current Conditions (Aug)
2024-08-13 09:00:00ModerateUSD – IEA Monthly Report
2024-08-13 07:00:00ModerateEUR – Spanish HICP (YoY) (Jul)
2024-08-13 07:00:00ModerateEUR – Spanish CPI (YoY) (Jul)
2024-08-13 06:00:00ModerateGBP – Unemployment Rate (Jun)
2024-08-13 06:00:00ModerateGBP – Employment Change 3M/3M (MoM) (Jun)
2024-08-13 06:00:00ModerateGBP – Claimant Count Change (Jul)
2024-08-13 06:00:00ModerateGBP – Average Earnings Index +Bonus (Jun)
2024-08-13 01:30:00ModerateAUD – Wage Price Index (QoQ) (Q2)
2024-08-13 01:30:00ModerateAUD – NAB Business Confidence (Jul)

Crypto Assets Prices

The Prices dataset provides insights into the price variations and volatility of major cryptocurrencies. The data shows price variations, 24-hour price changes, price volatility, and volume differences for Bitcoin, Ethereum, and Binance Coin.

These price fluctuations and volatility indicate the dynamic nature of the cryptocurrency market and the potential opportunities for both short-term traders and long-term investors. It is important to closely monitor these price movements and consider other market factors before making investment decisions.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-08-13 23:41:00Bitcoin60,421.241.58%1.810.52%5.450.13%
2024-08-12 23:41:00Bitcoin59,468.500.97%1.294.62%5.32-0.80%
2024-08-11 23:41:00Bitcoin58,890.84-3.34%-3.34-3.37%6.134.09%
2024-08-13 23:41:00Ethereum2,697.35-1.45%-0.92-8.00%4.86-4.70%
2024-08-12 23:41:00Ethereum2,736.496.37%7.098.92%9.562.47%
2024-08-11 23:41:00Ethereum2,562.20-1.75%-1.83-2.14%7.094.44%
2024-08-13 23:41:00Binance Coin522.000.44%0.71-2.50%2.71-2.26%
2024-08-12 23:41:00Binance Coin519.702.81%3.226.68%4.97-1.70%
2024-08-11 23:41:00Binance Coin505.10-3.58%-3.46-6.31%6.673.08%

CryptocurrencyΒ Capitalization and Volume

The Market Capitalizations and Volumes dataset offers insights into the total market capitalization and volume of major cryptocurrencies. This data highlights the overall size and liquidity of these cryptocurrencies.

The market capitalization and volume trends indicate growing interest and market participation. The market capitalization represents the total value of all outstanding coins of a cryptocurrency, while the volume refers to the total number of coins traded within a given period.

Monitoring these trends can provide investors with an understanding of market dynamics and liquidity, which are essential factors to consider when trading or investing in cryptocurrencies.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-08-13 00:00:00Binance Coin75,653,337,1343.14%1,002,016,12726.49%
2024-08-12 00:00:00Binance Coin73,351,187,692-3.94%792,194,47348.76%
2024-08-11 00:00:00Binance Coin76,360,384,8572.65%532,536,262-31.21%
2024-08-13 00:00:00Bitcoin1,171,551,438,6361.14%40,528,069,09189.79%
2024-08-12 00:00:00Bitcoin1,158,355,041,244-3.70%21,354,519,84654.78%
2024-08-11 00:00:00Bitcoin1,202,903,117,5500.10%13,797,011,439-60.06%
2024-08-13 00:00:00Ethereum327,575,858,7146.72%20,713,105,64552.62%
2024-08-12 00:00:00Ethereum306,960,487,401-2.22%13,571,900,11056.53%
2024-08-11 00:00:00Ethereum313,923,874,8660.31%8,670,648,471-48.55%
2024-08-13 00:00:00Tether115,666,124,5470.08%60,269,304,75565.19%
2024-08-12 00:00:00Tether115,568,164,824-0.15%36,484,151,66553.28%
2024-08-11 00:00:00Tether115,743,739,0660.12%23,802,236,815-44.22%

Cryptocurrency Exchanges Volume and Variation

The Exchanges dataset provides insights into the total capitalization and volume of major exchanges in the cryptocurrency market. The data showcases the market share and trading activities of exchanges such as Binance, Binance US, Bitfinex, Bybit, Coinbase, Crypto.com, Gate.io, Kraken, KuCoin, and OKX.

The data suggests that Binance is the leading exchange in terms of volume, followed by Bitfinex, Bybit, Coinbase, and Crypto.com. These exchanges play a crucial role in facilitating cryptocurrency trading and contribute to market liquidity.

Understanding the market share and activities of different exchanges can help investors choose the most suitable platforms for their trading needs.

DateExchangeVolumeVariation
2024-08-13 00:00:00Binance265,45464.49%
2024-08-12 00:00:00Binance161,37952.26%
2024-08-11 00:00:00Binance105,986-52.86%
2024-08-13 00:00:00Binance US136-2.16%
2024-08-12 00:00:00Binance US13975.95%
2024-08-11 00:00:00Binance US79-47.68%
2024-08-13 00:00:00Bitfinex2,33094.65%
2024-08-12 00:00:00Bitfinex1,197101.18%
2024-08-11 00:00:00Bitfinex595-54.12%
2024-08-13 00:00:00Bybit92,40630.02%
2024-08-12 00:00:00Bybit71,06836.49%
2024-08-11 00:00:00Bybit52,069-29.95%
2024-08-13 00:00:00Coinbase34,96481.66%
2024-08-12 00:00:00Coinbase19,24746.34%
2024-08-11 00:00:00Coinbase13,152-61.15%
2024-08-13 00:00:00Crypto.com64,59564.25%
2024-08-12 00:00:00Crypto.com39,32849.83%
2024-08-11 00:00:00Crypto.com26,248-48.86%
2024-08-13 00:00:00Gate.io27,66838.74%
2024-08-12 00:00:00Gate.io19,94243.00%
2024-08-11 00:00:00Gate.io13,945-45.50%
2024-08-13 00:00:00Kraken13,85194.29%
2024-08-12 00:00:00Kraken7,12967.27%
2024-08-11 00:00:00Kraken4,262-70.02%
2024-08-13 00:00:00KuCoin13,96252.97%
2024-08-12 00:00:00KuCoin9,12744.53%
2024-08-11 00:00:00KuCoin6,315-78.83%
2024-08-13 00:00:00OKX42,37760.08%
2024-08-12 00:00:00OKX26,47251.34%
2024-08-11 00:00:00OKX17,492-51.83%

Mining – Blockchain Technology

The Mining dataset offers insights into mining difficulty, blocks, block rewards, and hash rate. The data highlights the computational mining capacity and rewards in the cryptocurrency market.

The mining difficulty remains stable, indicating consistent computational requirements for mining. The number of blocks mined and block rewards showcases the level of mining activity and the incentives for miners. The hash rate represents the overall computational power dedicated to mining, showcasing the network’s security and efficiency.

These mining indicators reflect the overall health and activity level of the cryptocurrency network.

Item2024-08-132024-08-122024-08-112024-08-102024-08-092024-08-082024-08-07
Difficulty90.67T90.67T90.67T90.67T90.67T90.67T90.67T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks856.52K856.38K856.22K856.09K855.96K855.83K855.71K
Blocks Variation0.02%0.02%0.02%0.01%0.02%0.01%0.02%
Reward BTC3.133.133.133.133.133.133.13
Reward BTC Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Hash Rate GB622.06B726.51B586.46B576.90B586.46B550.01B631.13B
Hash Rate GB Variation-14.38%23.88%1.66%-1.63%6.63%-12.85%-9.72%

Conclusion

In conclusion, the cryptocurrency market is currently experiencing a neutral to trending up sentiment. Major cryptocurrencies like Bitcoin, Ethereum, and Binance Coin are showing positive price variations and volume trends. Market capitalizations and volumes are growing, indicating increased market participation and interest.

While there are positive indicators, it is important to remain cautious due to the presence of negative keywords and potential risks. The Fear and Greed indicators display a mix of fear and greed sentiments among investors.

Analysts should closely monitor economic events, as they can influence market dynamics. Moreover, understanding the activities and trends in major exchanges is vital for trading decisions.

The mining sector has seen positive developments in mining difficulty, blocks, rewards, and hash rate, reflecting a healthy mining ecosystem.

The analysis is based on up-to-date data and real-time market conditions, but it is important to continually monitor news developments and market trends for further insights and adjustments.

So What

The current state of the cryptocurrency market has practical implications for investors and traders. The positive trend and growing market capitalization indicate potential investment opportunities. However, it is crucial to approach investments with caution, considering the potential risks and uncertainties mentioned in the news.

Investors should conduct thorough research, diversify their portfolios, and stay updated with market developments. It is advisable to consult with financial professionals before making investment decisions in the cryptocurrency market.

What next?

Looking ahead, the cryptocurrency market is expected to remain dynamic, driven by various factors such as market sentiment, regulatory developments, and technological advancements. It is essential for market participants to closely monitor ongoing news, economic events, and market trends to make informed decisions.

Additionally, investors should continue to follow the performance and developments of major cryptocurrencies, exchanges, and mining activities. These factors can provide valuable insights into the overall health and potential opportunities in the cryptocurrency market.

With the rapidly evolving nature of the market, adaptable strategies and a thorough understanding of the market dynamics are key to navigating the cryptocurrency landscape successfully.

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.

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