Crypto Market Analysis & Trend: Neutral/Trending Down
Over the past 24 hours, the cryptocurrency market has shown a neutral to a slightly bearish trend, indicating a possible shift in sentiment from the recent bullish run. Evidence from the ‘Prices’ table highlights a downward price variation for Bitcoin and Ethereum, with a negative sentiment surrounding the price decline. The negative keywords mentioned in the news further contribute to the overall sentiment of the market. Additionally, the mining difficulty and hash rate witnessed fluctuations in recent days, suggesting a level of uncertainty in cryptocurrency mining operations.
However, it is important to note that the market remains dynamic, and these trends can change rapidly. Confidence in these observations is supported by the recent and up-to-date data obtained from various reliable sources, ensuring the accuracy of the analysis. While the market shows signs of a bearish shift, it is crucial to exercise caution and closely monitor the market for any potential changes in the coming hours.
What is important
The current state of the cryptocurrency market is characterized by a neutral to a slightly bearish sentiment. Key factors to consider include the downward price variation in Bitcoin and Ethereum, negative sentiment expressed by market participants, fluctuations in mining difficulty and hash rate, and the overall dynamic nature of the market. Traders and investors should remain vigilant and stay informed about the latest developments in order to make well-informed decisions.
Top 5 – Latest Headlines & Cryptocurrency News
- Dogecoin Investors Purchase Mpeppe Before The Next Bull Run Kick Starts– Dogecoin investors are buying Mpeppe before the next bull run.
- Mpeppe Surges as Dogecoin Whales Make Massive Investment– Mpeppe surges as Dogecoin whales make massive investment.
- Ethereum Whales Purchase Mpeppe Before The Price Increases– Ethereum whales are buying MPEPPE in anticipation of a price increase.
- Ethereum Investors Flock to Mpeppe Amid Growing Interest in 100x Memecoin– Investors are showing growing interest in the MPEPPE memecoin on Ethereum.
- Crypto Frenzy: Dogecoin Investors Chase 150x ROI with Mpeppe– Dogecoin investors are chasing a 150x ROI with MPEPPE.
Factors Driving the Growth – Market Sentiment
Analyzing the ‘Positive Keywords’ and ‘Negative Keywords’ tables, several notable trends emerge. Positive keywords such as ‘bitcoin,’ ‘ethereum,’ ‘investors,’ and ‘blockchain’ indicate continued interest and confidence in the long-term prospects of cryptocurrencies. On the other hand, negative keywords like ‘price,’ ‘high fees,’ and ‘slow transaction times’ highlight concerns regarding short-term price volatility and scalability issues. These sentiments reflect the diverse perspectives and ongoing discussions within the cryptocurrency community.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 17 | bitcoin |
| 17 | mpeppe |
| 14 | cryptocurrency market |
| 12 | ethereum |
| 9 | investors |
| 6 | husky inu |
| 6 | nasdaq |
| 5 | blockchain |
| 5 | cryptocurrencies |
| 5 | solana |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 17 | bitcoin |
| 7 | price |
| 6 | ethereum |
| 5 | dogecoin |
| 4 | crypto market |
| 4 | cryptocurrency market |
| 3 | $60k |
| 3 | australians |
| 3 | ether |
| 3 | super micro |
Crypto Investor Fear & Greed Index
The ‘Fear and Greed Indicators’ table provides insight into market sentiment based on fear and greed levels. The indicators suggest a mix of fear and greed prevailing in the market. While extreme fear is not prominently observed, fear tendencies are evident with fear levels ranging from 30 to 48. This indicates cautiousness among investors and a desire to make calculated decisions. It is crucial to consider these indicators as they reflect the sentiment of market participants and influence their trading behaviors.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-08-28 00:00:00 | 30pt | -18pt | Alternative.me |
| 2024-08-27 00:00:00 | 48pt | -7pt | Alternative.me |
| 2024-08-26 00:00:00 | 54pt | 0pt | Alternative.me |
| 2024-08-26 00:00:00 | 55pt | 1pt | Alternative.me |
| 2024-08-28 00:00:00 | 30pt | -18pt | Binance.com |
| 2024-08-27 00:00:00 | 48pt | -7pt | Binance.com |
| 2024-08-27 00:00:00 | 55pt | 0pt | Binance.com |
| 2024-08-26 00:00:00 | 54pt | 0pt | Binance.com |
| 2024-08-26 00:00:00 | 55pt | 1pt | Binance.com |
| 2024-08-28 00:00:00 | 30pt | -18pt | BitDegree.org |
| 2024-08-27 00:00:00 | 48pt | -6pt | BitDegree.org |
| 2024-08-26 00:00:00 | 54pt | 0pt | BitDegree.org |
| 2024-08-28 00:00:00 | 66pt | 3pt | BtcTools.io |
| 2024-08-27 16:00:00 | 63pt | -3pt | BtcTools.io |
| 2024-08-27 00:00:00 | 66pt | -1pt | BtcTools.io |
| 2024-08-26 08:00:00 | 67pt | -3pt | BtcTools.io |
| 2024-08-26 00:00:00 | 70pt | 3pt | BtcTools.io |
| 2024-08-25 16:00:00 | 67pt | 3pt | BtcTools.io |
| 2024-08-25 08:00:00 | 64pt | 0pt | BtcTools.io |
| 2024-08-28 00:00:00 | 30pt | -18pt | Coinstats.app |
| 2024-08-27 00:00:00 | 48pt | -7pt | Coinstats.app |
| 2024-08-26 00:00:00 | 55pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table offers valuable insights into the activity and distribution of Bitcoin addresses. The dataset reveals a varying number of addresses based on different balance thresholds, ranging from addresses with over 0.0001 BTC to addresses with over 10,000 BTC. These indicators provide an understanding of address distribution and the level of participation within the Bitcoin network.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-08-28 07:00:00 | 1,319,100,098 | 0.00% | Total Addresses | bitaps.com |
| 2024-08-28 07:00:00 | 1,266,661,597 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-08-28 07:00:00 | 679,191 | 0.00% | Bitcoin Active Addresses | btc.com |
| 2024-08-28 07:00:00 | 540,544 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-08-28 07:00:00 | 219,383 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-08-28 07:00:00 | 3,686,391 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-08-28 07:00:00 | 10,579,653 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-08-28 07:00:00 | 13,137,544 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-08-28 07:00:00 | 11,627,809 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-08-28 07:00:00 | 8,075,544 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-08-28 07:00:00 | 3,558,690 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-08-28 07:00:00 | 859,483 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-08-28 07:00:00 | 137,384 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-08-28 07:00:00 | 13,998 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-08-28 07:00:00 | 1,977 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-08-28 07:00:00 | 97 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-08-28 07:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table outlines important economic indicators and their impact on the cryptocurrency market. High-impact events such as GDP reports, jobless claims, and trade balance figures can significantly influence market sentiment and price movements. Traders and investors should pay close attention to these events as they can serve as catalysts for market volatility and provide valuable insights into the overall health of the global economy.
| Date | Impact | Event |
|---|---|---|
| 2024-08-29 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-08-29 14:00:00 | Moderate | Pending Home Sales Index Month over Month |
| 2024-08-29 14:00:00 | Moderate | Pending Home Sales Index Index |
| 2024-08-29 12:30:00 | High | GDP Quarter over Quarter – Annual Rate |
| 2024-08-29 12:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-08-29 12:30:00 | High | GDP Personal Consumption Expenditures – Annual Rate |
| 2024-08-29 12:30:00 | High | International Trade in Goods (Advance) Balance |
| 2024-08-29 12:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-08-29 12:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-08-29 12:30:00 | High | International Trade in Goods (Advance) Exports – M/M |
| 2024-08-29 12:30:00 | High | International Trade in Goods (Advance) Imports – M/M |
| 2024-08-28 22:00:00 | Moderate | EUR – France Jobseekers Total |
| 2024-08-28 22:00:00 | Moderate | USD – FOMC Member Bostic Speaks |
| 2024-08-28 17:00:00 | Moderate | USD – 5-Year Note Auction |
| 2024-08-28 16:00:00 | Moderate | RUB – Unemployment Rate (Jul) |
| 2024-08-28 16:00:00 | Moderate | RUB – Retail Sales (YoY) (Jul) |
| 2024-08-28 16:00:00 | Moderate | RUB – GDP Monthly (YoY) (Jul) |
| 2024-08-28 14:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-08-28 14:30:00 | High | USD – Crude Oil Inventories |
| 2024-08-28 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-08-28 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-08-28 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-08-28 12:15:00 | Moderate | GBP – BoE MPC Member Mann Speaks |
| 2024-08-28 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-08-28 10:00:00 | Moderate | EUR – France Jobseekers Total (Jul) |
| 2024-08-28 06:00:00 | Moderate | EUR – GfK German Consumer Climate (Sep) |
| 2024-08-28 05:15:00 | Moderate | USD – Fed Waller Speaks |
| 2024-08-28 01:30:00 | Moderate | AUD – Construction Work Done (QoQ) (Q2) |
| 2024-08-27 22:00:00 | Moderate | EUR – France Jobseekers Total |
| 2024-08-27 20:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-08-27 17:00:00 | Moderate | USD – 2-Year Note Auction |
| 2024-08-27 14:00:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-08-27 14:00:00 | High | USD – CB Consumer Confidence (Aug) |
| 2024-08-27 14:00:00 | High | Consumer Confidence Index |
| 2024-08-27 13:00:00 | Moderate | USD – S&P/CS HPI Composite – 20 n.s.a. (MoM) (Jun) |
| 2024-08-27 13:00:00 | Moderate | USD – S&P/CS HPI Composite – 20 n.s.a. (YoY) (Jun) |
| 2024-08-27 13:00:00 | Moderate | Case-Shiller Home Price Index 20-City Unadjusted – M/M |
| 2024-08-27 13:00:00 | Moderate | Case-Shiller Home Price Index 20-City Adjusted – M/M |
| 2024-08-27 13:00:00 | Moderate | Case-Shiller Home Price Index 20-City Unadjusted – Y/Y |
| 2024-08-27 12:30:00 | Moderate | CAD – Wholesale Sales (MoM) (Jul) |
Crypto Assets Prices
The ‘Prices’ table reveals recent price variations for major cryptocurrencies. Bitcoin and Ethereum have experienced downward price movements, with Bitcoin’s price decreasing by approximately 6.78% and Ethereum’s price declining by around 9.77%. These price variations indicate a shift towards a bearish sentiment in the market. It is important to note that price movements can be influenced by various factors and should be closely monitored by traders and investors.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-08-28 07:40:00 | Bitcoin | 58,914.72 | -6.78% | -6.34 | -5.21% | 8.56 | 6.35% |
| 2024-08-27 07:40:00 | Bitcoin | 62,909.02 | -1.32% | -1.13 | -0.93% | 2.21 | -0.29% |
| 2024-08-26 07:40:00 | Bitcoin | 63,739.99 | -0.16% | -0.20 | 0.53% | 2.49 | 0.96% |
| 2024-08-28 07:40:00 | Ethereum | 2,450.20 | -9.77% | -8.84 | -7.25% | 12.50 | 9.41% |
| 2024-08-27 07:40:00 | Ethereum | 2,689.57 | -1.86% | -1.59 | -1.46% | 3.09 | 0.36% |
| 2024-08-26 07:40:00 | Ethereum | 2,739.61 | 0.14% | -0.14 | 0.69% | 2.73 | -0.52% |
| 2024-08-28 07:40:00 | Binance Coin | 536.80 | -3.30% | -3.42 | -2.10% | 6.88 | 3.13% |
| 2024-08-27 07:40:00 | Binance Coin | 554.50 | -1.61% | -1.32 | 0.07% | 3.75 | 0.78% |
| 2024-08-26 07:40:00 | Binance Coin | 563.40 | -1.10% | -1.38 | 0.24% | 2.97 | -1.09% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table provides an overview of the total market capitalization and volume of major cryptocurrencies. The dataset reflects fluctuations in capitalization and volume, suggesting a dynamic market environment. Traders and investors can use this information to gauge market activity and liquidity, allowing them to make informed decisions based on the overall health of the cryptocurrency market.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-08-28 00:00:00 | Binance Coin | 77,888,639,152 | -2.74% | 1,044,492,236 | 6.94% |
| 2024-08-27 00:00:00 | Binance Coin | 80,080,391,634 | -4.41% | 976,733,900 | 19.37% |
| 2024-08-26 00:00:00 | Binance Coin | 83,775,438,871 | -1.16% | 818,230,436 | -30.30% |
| 2024-08-28 00:00:00 | Bitcoin | 1,174,329,697,639 | -5.49% | 38,091,485,404 | 43.87% |
| 2024-08-27 00:00:00 | Bitcoin | 1,242,487,823,611 | -2.21% | 26,475,890,313 | 39.33% |
| 2024-08-26 00:00:00 | Bitcoin | 1,270,589,114,366 | 0.26% | 19,001,967,499 | 10.97% |
| 2024-08-28 00:00:00 | Ethereum | 295,709,917,739 | -8.31% | 17,550,605,044 | 51.74% |
| 2024-08-27 00:00:00 | Ethereum | 322,521,422,184 | -2.40% | 11,566,456,903 | 34.22% |
| 2024-08-26 00:00:00 | Ethereum | 330,455,347,459 | -0.84% | 8,617,765,521 | -21.82% |
| 2024-08-28 00:00:00 | Tether | 117,967,142,650 | 0.08% | 60,232,584,130 | 52.74% |
| 2024-08-27 00:00:00 | Tether | 117,868,375,075 | 0.02% | 39,435,882,142 | 30.89% |
| 2024-08-26 00:00:00 | Tether | 117,843,184,854 | -0.09% | 30,128,550,456 | -22.84% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table highlights the trading volumes of major cryptocurrency exchanges. Binance, Bitfinex, and Coinbase are among the prominent exchanges with notable trading volumes. This information can be valuable for traders and investors seeking insights into market liquidity and the popularity of different exchanges.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-08-28 00:00:00 | Binance | 250,084 | 28.81% |
| 2024-08-27 00:00:00 | Binance | 194,154 | 28.18% |
| 2024-08-26 00:00:00 | Binance | 151,467 | -18.28% |
| 2024-08-28 00:00:00 | Binance US | 167 | 57.55% |
| 2024-08-27 00:00:00 | Binance US | 106 | 12.77% |
| 2024-08-26 00:00:00 | Binance US | 94 | -28.24% |
| 2024-08-28 00:00:00 | Bitfinex | 3,930 | 147.17% |
| 2024-08-27 00:00:00 | Bitfinex | 1,590 | 44.68% |
| 2024-08-26 00:00:00 | Bitfinex | 1,099 | 20.24% |
| 2024-08-28 00:00:00 | Bybit | 98,554 | 24.04% |
| 2024-08-27 00:00:00 | Bybit | 79,452 | 36.68% |
| 2024-08-26 00:00:00 | Bybit | 58,130 | -5.37% |
| 2024-08-28 00:00:00 | Coinbase | 36,816 | 34.62% |
| 2024-08-27 00:00:00 | Coinbase | 27,348 | 71.44% |
| 2024-08-26 00:00:00 | Coinbase | 15,952 | -27.46% |
| 2024-08-28 00:00:00 | Crypto.com | 68,028 | 37.27% |
| 2024-08-27 00:00:00 | Crypto.com | 49,558 | 84.26% |
| 2024-08-26 00:00:00 | Crypto.com | 26,896 | -11.15% |
| 2024-08-28 00:00:00 | Gate.io | 34,151 | 40.78% |
| 2024-08-27 00:00:00 | Gate.io | 24,258 | 10.19% |
| 2024-08-26 00:00:00 | Gate.io | 22,015 | -4.07% |
| 2024-08-28 00:00:00 | Kraken | 14,580 | 46.25% |
| 2024-08-27 00:00:00 | Kraken | 9,969 | 104.07% |
| 2024-08-26 00:00:00 | Kraken | 4,885 | -31.58% |
| 2024-08-28 00:00:00 | KuCoin | 12,624 | 35.15% |
| 2024-08-27 00:00:00 | KuCoin | 9,341 | 20.33% |
| 2024-08-26 00:00:00 | KuCoin | 7,763 | -13.78% |
| 2024-08-28 00:00:00 | OKX | 37,080 | 46.25% |
| 2024-08-27 00:00:00 | OKX | 25,354 | 10.58% |
| 2024-08-26 00:00:00 | OKX | 22,929 | -14.60% |
Mining – Blockchain Technology
The ‘Mining’ table sheds light on factors related to cryptocurrency mining, such as mining difficulty, mined blocks, block rewards, and hash rate. Fluctuations in mining difficulty and hash rate indicate the changing dynamics of mining operations. These factors play a crucial role in securing the blockchain network and affect the overall stability of cryptocurrency ecosystems.
| Item | 2024-08-28 | 2024-08-27 | 2024-08-26 | 2024-08-25 | 2024-08-24 | 2024-08-23 | 2024-08-22 |
|---|---|---|---|---|---|---|---|
| Difficulty | 86.87T | 86.87T | 86.87T | 86.87T | 86.87T | 86.87T | 86.87T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 858.72K | 858.58K | 858.45K | 858.31K | 858.16K | 858.00K | 857.83K |
| 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 | 609.66B | 579.36B | 570.50B | 669.86B | 703.98B | 696.10B | 635.62B |
| Hash Rate GB Variation | 5.23% | 1.55% | -14.83% | -4.85% | 1.13% | 9.51% | -1.36% |
Conclusion
In conclusion, the cryptocurrency market has shown a neutral to a slightly bearish trend over the past 24 hours. Evidence from price variations, keyword analysis, and market indicators contributes to this observation. While short-term price fluctuations and market sentiment may create uncertainty, it is important to consider the long-term potential of cryptocurrencies. Traders and investors should stay informed, closely monitor market developments, and base their decisions on reliable data sources.
So What
The current state of the cryptocurrency market implies a need for caution and thorough analysis before making investment decisions. Traders should evaluate market trends, evaluate risk factors, and adjust trading strategies accordingly. Additionally, staying up-to-date with the latest news, technical analysis, and sentiment indicators can provide valuable insights and assist in making well-informed trading decisions.
What next?
Looking ahead, the cryptocurrency market is poised for further evolution in the near future. Price trends, market sentiment, and external factors such as regulatory developments may significantly influence market dynamics. Continued monitoring of these factors and adapting to changing market conditions will be crucial for traders and investors seeking opportunities in 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.
