Crypto Market Analysis & Trend: Neutral/Trending Up
In the last 24 hours, the cryptocurrency market has shown a neutral to slightly upward trend. Bitcoin, the leading cryptocurrency, experienced a minor decline of 0.70% but has managed to maintain a stable position. Ethereum, on the other hand, saw a slight decrease of 0.56% in its price. However, positive news surrounding the crypto market, such as the surge in Neiro Ethereum due to listing rumors on Binance and Coinbase, have generated optimism among investors.
The evidence for this trend comes from the analysis of the prices, as well as the positive sentiment keywords and important news. Although there are some negative keywords and news related to the underwater positions of short-term Bitcoin holders, they seem to have a limited impact on the overall market sentiment.
Considering the current stability and positive developments in the market, along with the anticipation of upcoming events like the Cardano hard fork and the launch of Tether’s USDT stablecoin on the Aptos blockchain, the confidence level in the upward trend for the next 8 hours is moderate.
What is important
Key points to understand the current state of the cryptocurrency market are as follows:
– Bitcoin and Ethereum, the two largest cryptocurrencies, have maintained stability with minor fluctuations in price.
– Positive news, such as the surge in Neiro Ethereum and the bullish sentiment towards Cardano, have created a favorable market perception.
– The upcoming Cardano hard fork and the launch of Tether’s USDT stablecoin on the Aptos blockchain are anticipated events that could further impact the market.
– While there is some negative sentiment related to underwater Bitcoin positions, it has not significantly affected the overall market sentiment.
Top 5 – Latest Headlines & Cryptocurrency News
- Neiro Ethereum soars amid Binance & Coinbase listing rumors– Neiro Ethereum is experiencing a surge in value amidst rumors of being listed on Binance and Coinbase. This memecoin is gaining popularity.
- Ethereum (ETH) Gas Fee´s Drop As Investors Purchase new Memecoin at $0.001777– Gas fees for Ethereum drop as investors purchase new memecoin at a low price.
- PEPE Investors Use Recent Profits To Purchase Rival Token Mpeppe Predicted To 1000x– Pepe investors are using recent profits to purchase a rival token, mPepe, which is predicted to have a 1000x return on investment.
- Tether to Launch USDT Stablecoin on Aptos Blockchain– Tether is planning to launch its USDT stablecoin on the Aptos blockchain.
- XRP news today: How the altcoin has beaten Bitcoin, Ethereum of late– XRP has outperformed Bitcoin and Ethereum recently.
Factors Driving the Growth – Market Sentiment
Analyzing the positive sentiment keywords, Bitcoin remains the most mentioned keyword with 25 occurrences, followed by mentions of the cryptocurrency market, Ethereum, Tether, and Binance. These keywords indicate a positive sentiment and highlight the resilience of the major cryptocurrencies amidst the current market environment. On the other hand, the negative sentiment keywords are less prominent, with Bitcoin being the most mentioned negative keyword with 12 occurrences, followed by mentions of the cryptocurrency market and specific price levels like $60k and $55m.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 25 | bitcoin |
| 11 | cryptocurrency market |
| 8 | ethereum |
| 7 | tether |
| 5 | binance |
| 5 | bitcoin etfs |
| 5 | investors |
| 5 | memecoin |
| 4 | bullish |
| 4 | dogecoin |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 12 | bitcoin |
| 5 | cryptocurrency market |
| 4 | $60k |
| 4 | binance |
| 4 | money laundering |
| 3 | bearish |
| 3 | kamala harris |
| 3 | montenegro |
| 3 | mt. gox |
| 2 | $55m |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators table shows the fear and greed levels based on market indicators. Currently, the indicators are not provided in the dataset, which suggests that we do not have sufficient information to analyze the fear and greed sentiment in the cryptocurrency market at this moment.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-08-21 00:00:00 | 26pt | -4pt | Alternative.me |
| 2024-08-20 00:00:00 | 28pt | 0pt | Alternative.me |
| 2024-08-20 00:00:00 | 30pt | 2pt | Alternative.me |
| 2024-08-19 00:00:00 | 28pt | -3pt | Alternative.me |
| 2024-08-19 00:00:00 | 31pt | 0pt | Alternative.me |
| 2024-08-21 00:00:00 | 26pt | -4pt | Binance.com |
| 2024-08-21 00:00:00 | 30pt | 0pt | Binance.com |
| 2024-08-20 00:00:00 | 28pt | 0pt | Binance.com |
| 2024-08-20 00:00:00 | 30pt | 2pt | Binance.com |
| 2024-08-19 00:00:00 | 28pt | -3pt | Binance.com |
| 2024-08-19 00:00:00 | 31pt | 0pt | Binance.com |
| 2024-08-21 00:00:00 | 26pt | -2pt | BitDegree.org |
| 2024-08-20 00:00:00 | 28pt | -3pt | BitDegree.org |
| 2024-08-19 00:00:00 | 31pt | 0pt | BitDegree.org |
| 2024-08-21 08:00:00 | 39pt | 1pt | BtcTools.io |
| 2024-08-21 00:00:00 | 38pt | -1pt | BtcTools.io |
| 2024-08-20 08:00:00 | 39pt | 1pt | BtcTools.io |
| 2024-08-20 00:00:00 | 38pt | 3pt | BtcTools.io |
| 2024-08-19 16:00:00 | 35pt | -2pt | BtcTools.io |
| 2024-08-19 08:00:00 | 37pt | -4pt | BtcTools.io |
| 2024-08-19 00:00:00 | 41pt | -1pt | BtcTools.io |
| 2024-08-18 16:00:00 | 42pt | 0pt | BtcTools.io |
| 2024-08-21 00:00:00 | 26pt | -4pt | Coinstats.app |
| 2024-08-20 00:00:00 | 30pt | 2pt | Coinstats.app |
| 2024-08-19 00:00:00 | 28pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The Bitcoin Address Indicators table provides insights into the number of active addresses and quantities of wallet addresses based on balance values. However, without the dataset, we cannot analyze the trends and variations in the addresses and balance values. Therefore, we cannot provide a meaningful summary based on the given information.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-08-21 04:00:00 | 1,317,046,591 | 0.00% | Total Addresses | bitaps.com |
| 2024-08-21 04:00:00 | 1,264,731,556 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-08-21 04:00:00 | 696,468 | -0.56% | Bitcoin Active Addresses | btc.com |
| 2024-08-21 04:00:00 | 540,536 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-08-21 04:00:00 | 219,383 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-08-21 04:00:00 | 3,666,797 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-08-21 04:00:00 | 10,550,601 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-08-21 04:00:00 | 13,086,849 | 0.02% | Addresses with over 0.0001 | bitaps.com |
| 2024-08-21 04:00:00 | 11,610,990 | 0.02% | Addresses with over 0.001 | bitaps.com |
| 2024-08-21 04:00:00 | 8,067,236 | 0.02% | Addresses with over 0.01 | bitaps.com |
| 2024-08-21 04:00:00 | 3,559,819 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-08-21 04:00:00 | 859,333 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-08-21 04:00:00 | 137,459 | -0.01% | Addresses with over 10 | bitaps.com |
| 2024-08-21 04:00:00 | 13,962 | 0.03% | Addresses with over 100 | bitaps.com |
| 2024-08-21 04:00:00 | 1,969 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-08-21 04:00:00 | 97 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-08-21 04:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The Economic Events table contains upcoming and recently released economic events related to the cryptocurrency market. These events are crucial in shaping market sentiment and can potentially impact cryptocurrency prices. However, without specific details about the impact and outcome of these events, we cannot provide a comprehensive analysis based solely on the table provided.
| Date | Impact | Event |
|---|---|---|
| 2024-08-22 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-08-22 14:00:00 | High | Existing Home Sales Annual Rate |
| 2024-08-22 14:00:00 | High | Existing Home Sales Year over Year |
| 2024-08-22 14:00:00 | High | Existing Home Sales Month over Month |
| 2024-08-22 13:45:00 | Moderate | PMI Composite Flash Services Index |
| 2024-08-22 13:45:00 | Moderate | PMI Composite Flash Manufacturing Index |
| 2024-08-22 13:45:00 | Moderate | PMI Composite Flash Composite Index |
| 2024-08-22 12:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-08-22 12:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-08-22 12:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-08-21 18:00:00 | High | USD – FOMC Meeting Minutes |
| 2024-08-21 17:00:00 | Moderate | USD – 20-Year Bond Auction |
| 2024-08-21 14:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-08-21 14:30:00 | High | USD – Crude Oil Inventories |
| 2024-08-21 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-08-21 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-08-21 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-08-21 14:00:00 | Moderate | USD – Payrolls Benchmark, n.s.a. |
| 2024-08-21 12:30:00 | Moderate | CAD – RMPI (MoM) (Jul) |
| 2024-08-21 12:30:00 | Moderate | CAD – New Housing Price Index (MoM) (Jul) |
| 2024-08-21 09:50:00 | Moderate | EUR – German 10-Year Bund Auction |
| 2024-08-21 09:30:00 | Moderate | EUR – German 10-Year Bund Auction |
| 2024-08-20 23:50:00 | Moderate | JPY – Trade Balance (Jul) |
| 2024-08-20 23:50:00 | Moderate | JPY – Exports (YoY) (Jul) |
| 2024-08-20 23:50:00 | Moderate | JPY – Adjusted Trade Balance |
| 2024-08-20 20:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-08-20 18:45:00 | Moderate | USD – Fed Vice Chair for Supervision Barr Speaks |
| 2024-08-20 17:35:00 | Moderate | USD – FOMC Member Bostic Speaks |
Crypto Assets Prices
The Prices table presents the latest prices, price variations, and price volatilities of major cryptocurrencies. Based on the provided data, Bitcoin experienced a slight decline of 0.70% over the past 24 hours while Ethereum saw a decrease of 0.56%. The variations in both prices can be considered relatively small, indicating a stable market condition. It is important to note that cryptocurrency prices are subject to constant fluctuations influenced by various factors, including market demand, investor sentiment, and news events.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-08-21 14:22:00 | Bitcoin | 59,591.99 | -0.70% | 0.22 | -2.15% | 2.82 | -2.35% |
| 2024-08-20 14:22:00 | Bitcoin | 60,007.40 | 2.97% | 2.37 | 5.01% | 5.17 | 1.44% |
| 2024-08-19 14:22:00 | Bitcoin | 58,227.72 | -2.88% | -2.64 | -3.26% | 3.74 | 1.75% |
| 2024-08-21 14:22:00 | Ethereum | 2,598.33 | -0.56% | 0.50 | -0.59% | 3.13 | -1.56% |
| 2024-08-20 14:22:00 | Ethereum | 2,612.87 | 1.58% | 1.09 | 4.56% | 4.69 | 0.21% |
| 2024-08-19 14:22:00 | Ethereum | 2,571.46 | -3.74% | -3.47 | -5.54% | 4.48 | 0.83% |
| 2024-08-21 14:22:00 | Binance Coin | 553.00 | -2.68% | -2.23 | -6.99% | 5.27 | -0.91% |
| 2024-08-20 14:22:00 | Binance Coin | 567.80 | 4.84% | 4.76 | 3.98% | 6.18 | 4.03% |
| 2024-08-19 14:22:00 | Binance Coin | 540.30 | 0.59% | 0.78 | -0.10% | 2.15 | -0.93% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table illustrates the total market capitalization and trading volumes of major cryptocurrencies. However, without specific data from this table, we cannot provide an analysis based on the latest information. Market capitalization and trading volumes are essential indicators of the overall health and activity within the cryptocurrency market. These metrics reflect the level of investor interest and the liquidity available in the market.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-08-21 00:00:00 | Binance Coin | 83,084,859,621 | 1.67% | 1,331,214,232 | 58.28% |
| 2024-08-20 00:00:00 | Binance Coin | 81,718,063,235 | 5.51% | 841,043,002 | 30.09% |
| 2024-08-19 00:00:00 | Binance Coin | 77,448,354,553 | -2.09% | 646,529,556 | -9.20% |
| 2024-08-21 00:00:00 | Bitcoin | 1,166,088,863,323 | -0.65% | 31,962,753,976 | 35.91% |
| 2024-08-20 00:00:00 | Bitcoin | 1,173,701,820,341 | 1.75% | 23,518,374,874 | 33.49% |
| 2024-08-19 00:00:00 | Bitcoin | 1,153,565,606,840 | -1.81% | 17,617,767,334 | 35.54% |
| 2024-08-21 00:00:00 | Ethereum | 309,867,213,669 | -2.31% | 12,832,886,839 | 13.49% |
| 2024-08-20 00:00:00 | Ethereum | 317,191,235,546 | 0.89% | 11,307,476,212 | 44.87% |
| 2024-08-19 00:00:00 | Ethereum | 314,378,342,862 | -0.08% | 7,805,185,956 | 42.21% |
| 2024-08-21 00:00:00 | Tether | 116,952,201,116 | 0.10% | 43,613,472,163 | 14.19% |
| 2024-08-20 00:00:00 | Tether | 116,834,227,170 | 0.04% | 38,193,825,289 | 42.09% |
| 2024-08-19 00:00:00 | Tether | 116,789,610,767 | -0.09% | 26,880,960,918 | 25.20% |
Cryptocurrency Exchanges Volume and Variation
The Exchanges table provides insights into the total volumes traded on major cryptocurrency exchanges. The data shows varying volumes across different exchanges, with Binance leading in trading volume. It is crucial to monitor exchange volumes as they can reflect market liquidity and trading activity for individual cryptocurrencies.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-08-21 00:00:00 | Binance | 210,196 | 10.97% |
| 2024-08-20 00:00:00 | Binance | 189,420 | 42.78% |
| 2024-08-19 00:00:00 | Binance | 132,670 | 31.79% |
| 2024-08-21 00:00:00 | Binance US | 166 | 41.88% |
| 2024-08-20 00:00:00 | Binance US | 117 | 13.59% |
| 2024-08-19 00:00:00 | Binance US | 103 | 49.28% |
| 2024-08-21 00:00:00 | Bitfinex | 2,942 | 150.81% |
| 2024-08-20 00:00:00 | Bitfinex | 1,173 | -15.43% |
| 2024-08-19 00:00:00 | Bitfinex | 1,387 | 131.55% |
| 2024-08-21 00:00:00 | Bybit | 69,517 | 5.20% |
| 2024-08-20 00:00:00 | Bybit | 66,083 | 33.36% |
| 2024-08-19 00:00:00 | Bybit | 49,554 | 9.56% |
| 2024-08-21 00:00:00 | Coinbase | 34,111 | 50.52% |
| 2024-08-20 00:00:00 | Coinbase | 22,662 | 35.13% |
| 2024-08-19 00:00:00 | Coinbase | 16,771 | 39.58% |
| 2024-08-21 00:00:00 | Crypto.com | 49,055 | 6.67% |
| 2024-08-20 00:00:00 | Crypto.com | 45,987 | 70.49% |
| 2024-08-19 00:00:00 | Crypto.com | 26,974 | 32.69% |
| 2024-08-21 00:00:00 | Gate.io | 22,212 | 6.46% |
| 2024-08-20 00:00:00 | Gate.io | 20,864 | 38.98% |
| 2024-08-19 00:00:00 | Gate.io | 15,012 | 7.00% |
| 2024-08-21 00:00:00 | Kraken | 13,463 | 17.37% |
| 2024-08-20 00:00:00 | Kraken | 11,471 | 138.14% |
| 2024-08-19 00:00:00 | Kraken | 4,817 | 43.28% |
| 2024-08-21 00:00:00 | KuCoin | 10,219 | 29.86% |
| 2024-08-20 00:00:00 | KuCoin | 7,869 | 25.46% |
| 2024-08-19 00:00:00 | KuCoin | 6,272 | 52.98% |
| 2024-08-21 00:00:00 | OKX | 29,941 | 39.66% |
| 2024-08-20 00:00:00 | OKX | 21,438 | 20.92% |
| 2024-08-19 00:00:00 | OKX | 17,729 | 52.89% |
Mining – Blockchain Technology
The Mining table offers information on mining difficulty, mined blocks, block rewards, and hash rates. With provided data, we observe that the mining difficulty remains stable, and the number of blocks mined has seen minor variations. However, without additional details or recent data points, it is difficult to draw comprehensive insights into the current mining landscape.
| Item | 2024-08-21 | 2024-08-20 | 2024-08-19 | 2024-08-18 | 2024-08-17 | 2024-08-16 | 2024-08-15 |
|---|---|---|---|---|---|---|---|
| Difficulty | 86.87T | 86.87T | 86.87T | 86.87T | 86.87T | 86.87T | 90.67T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -4.19% | 0.00% |
| Blocks | 857.69K | 857.54K | 857.41K | 857.25K | 857.10K | 856.96K | 856.80K |
| 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 | 3.13 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Hash Rate GB | 644.40B | 566.18B | 674.70B | 635.62B | 617.73B | 700.02B | 566.18B |
| Hash Rate GB Variation | 13.82% | -16.08% | 6.15% | 2.90% | -11.75% | 23.64% | -15.82% |
Conclusion
In summary, the cryptocurrency market is currently showing a neutral to slightly upward trend. Despite minor fluctuations in prices, major cryptocurrencies like Bitcoin and Ethereum have demonstrated stability. Positive news surrounding Neiro Ethereum, Cardano, and Tether’s USDT stablecoin launch indicates a positive sentiment among investors. While some negative sentiment exists, it has not significantly impacted the overall market sentiment. Investors should continue to monitor upcoming events like the Cardano hard fork and the launch of Tether’s USDT stablecoin on the Aptos blockchain, as these events can potentially influence market dynamics.
So What
The practical implications of the current state of the cryptocurrency market suggest that investors should remain cautiously optimistic. While there are positive indicators and favorable news, it is important to consider the inherent volatility of the cryptocurrency market. Investors should conduct thorough research, diversify their portfolios, and stay updated on market developments to make informed investment decisions during these uncertain times.
What next?
Looking ahead, the next 8 hours in the cryptocurrency market are likely to experience a neutral to slightly upward trend. However, the market remains sensitive to various factors, including regulatory developments, technological advancements, and overall market sentiment. It is essential for investors to monitor these factors and stay informed about the latest news and trends to navigate the cryptocurrency market 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.
