Crypto Market Analysis & Trend: Trending Down
Over the past 24 hours, the cryptocurrency market has experienced a downward trend. Bitcoin, which represents the overall market sentiment, has shown a negative price variation of 1.48% and a decrease in 24-hour volume. Ethereum and Binance Coin also faced declines in price, indicating a broader downward movement in the market. The negative sentiment is further supported by the occurrence of keywords like ‘price crash’, ‘decline’, and ‘bearish’ in the news articles.
However, it is important to remember that cryptocurrency markets are highly volatile and subject to rapid changes. The analysis is based on the data from the last 24 hours, and conditions could shift in the near future.
To gain further confidence in the analysis, we consider the evidence from multiple sources, including price variations, trading volumes, keywords in news articles, and sentiment indicators.
Considering the market conditions and the negative sentiment observed, caution and careful analysis are advised when making investment decisions in the cryptocurrency market.
What is important
In this current state of the cryptocurrency market, several factors are essential to understanding the market dynamics. Firstly, the prices of major cryptocurrencies, notably Bitcoin, Ethereum, and Binance Coin, have experienced negative variations, signaling a downward trend. Additionally, the news articles highlight keywords such as ‘price crash’, ‘decline’, and ‘bearish’ sentiment, further indicating negative market sentiment.
Furthermore, it is crucial to keep an eye on the fear and greed indicators, which show extreme fear prevailing in the market, possibly impacting investor behavior.
Lastly, it is necessary to consider economic events and their potential impact on the market, as well as the overall market capitalization and trading volumes across different exchanges. These factors contribute to the overall sentiment and outlook of the cryptocurrency market.
Top 5 – Latest Headlines & Cryptocurrency News
👎 Crypto Volatility Strikes: XRP, ADA Suffer Double-Digit Losses Over 7 Days
– XRP and ADA experience double-digit losses over a 7-day period due to crypto volatility.
👍 Ethereum and Cardano Chart Bullish Patterns: Experts Predict $5 ADA Spike; DTX Exchange Attracts Massive Investor Interest
– Experts predict a bullish pattern for Ethereum and Cardano, with a potential 5% spike in ADA. DTX Exchange attracts massive investor interest.
👍 Crypto Shockwave: Meme Tokens Outperform Bitcoin and Ethereum in a Down Market
– Meme tokens outperform Bitcoin and Ethereum in a down market.
👍 Ethereum Just “One Leg Away” From Reclaiming All-Time High, Market Expert Claims
– Ethereum is just one leg away from reaching its all-time high.
👎 Bitcoin Long-Term Holders Actively Selling Coins – New Investors Absorbing Supply
– Bitcoin long-term holders are actively selling coins while new investors are absorbing the supply.
Factors Driving the Growth – Market Sentiment
The ‘Positive Keywords’ table shows that Bitcoin, XRP, and Ethereum are among the most mentioned cryptocurrencies in a positive context within the news articles. On the other hand, the ‘Negative Keywords’ table reveals that Bitcoin, the cryptocurrency market, and XRP are frequently mentioned in a negative sentiment. These keywords indicate the impact of market conditions and recent developments on market sentiment. It is crucial to consider both positive and negative sentiments to gain a comprehensive understanding of the market dynamics.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 41 | bitcoin |
| 12 | xrp |
| 9 | ethereum |
| 9 | microstrategy |
| 7 | cardano |
| 6 | dogecoin |
| 5 | $2.1 billion |
| 5 | cryptocurrencies |
| 5 | cryptocurrency market |
| 5 | floki |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 11 | bitcoin |
| 9 | cryptocurrency market |
| 7 | xrp |
| 6 | price |
| 5 | crash |
| 4 | altcoins |
| 4 | decline |
| 4 | ethereum |
| 3 | dogecoin |
| 3 | liquidations |
Crypto Investor Fear & Greed Index
The ‘Fear and Greed Indicators’ table demonstrates that the market sentiment is leaning towards extreme fear. With fear levels exceeding the thresholds for extreme fear across multiple sources, investors are cautious and uncertain about the market conditions. These sentiment indicators can influence trading decisions and market trends. It is advisable to monitor the sentiment indicators closely to gauge shifts in investor sentiment and market direction.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-12-10 00:00:00 | 78pt | 0pt | Alternative.me |
| 2024-12-09 00:00:00 | 78pt | -1pt | Alternative.me |
| 2024-12-09 00:00:00 | 79pt | 0pt | Alternative.me |
| 2024-12-08 00:00:00 | 79pt | 0pt | Alternative.me |
| 2024-12-10 00:00:00 | 78pt | 0pt | Binance.com |
| 2024-12-09 00:00:00 | 78pt | -1pt | Binance.com |
| 2024-12-09 00:00:00 | 79pt | 0pt | Binance.com |
| 2024-12-08 00:00:00 | 79pt | 0pt | Binance.com |
| 2024-12-10 00:00:00 | 78pt | -1pt | BitDegree.org |
| 2024-12-09 00:00:00 | 79pt | 0pt | BitDegree.org |
| 2024-12-08 00:00:00 | 79pt | 0pt | BitDegree.org |
| 2024-12-10 08:00:00 | 74pt | -4pt | BtcTools.io |
| 2024-12-10 00:00:00 | 78pt | 6pt | BtcTools.io |
| 2024-12-09 16:00:00 | 72pt | -3pt | BtcTools.io |
| 2024-12-09 08:00:00 | 75pt | -1pt | BtcTools.io |
| 2024-12-09 00:00:00 | 76pt | 2pt | BtcTools.io |
| 2024-12-08 00:00:00 | 74pt | 0pt | BtcTools.io |
| 2024-12-07 16:00:00 | 74pt | 0pt | BtcTools.io |
| 2024-12-10 00:00:00 | 83pt | 1pt | Coinstats.app |
| 2024-12-09 00:00:00 | 82pt | 0pt | Coinstats.app |
| 2024-12-08 00:00:00 | 82pt | -1pt | Coinstats.app |
| 2024-12-08 00:00:00 | 83pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table provides insights into active addresses, quantities of wallet addresses based on balance values, and addresses with different thresholds. These indicators give an overview of user activity and the overall adoption of Bitcoin. It is important to track these indicators, as they provide insights into the growth and usage of Bitcoin as a digital currency.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-12-09 06:00:00 | 1,351,338,647 | 0.00% | Total Addresses | bitaps.com |
| 2024-12-09 06:00:00 | 755,753 | 1.56% | Bitcoin Active Addresses | btc.com |
| 2024-12-09 06:00:00 | 540,514 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-12-09 06:00:00 | 219,227 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-12-09 06:00:00 | 3,969,711 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-12-09 06:00:00 | 10,778,761 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-12-09 06:00:00 | 13,012,634 | -0.01% | Addresses with over 0.0001 | bitaps.com |
| 2024-12-09 06:00:00 | 11,657,699 | -0.02% | Addresses with over 0.001 | bitaps.com |
| 2024-12-09 06:00:00 | 7,980,779 | 0.01% | Addresses with over 0.01 | bitaps.com |
| 2024-12-09 06:00:00 | 3,487,675 | 0.01% | Addresses with over 0.1 | bitaps.com |
| 2024-12-09 06:00:00 | 842,054 | 0.01% | Addresses with over 1 | bitaps.com |
| 2024-12-09 06:00:00 | 134,535 | 0.02% | Addresses with over 10 | bitaps.com |
| 2024-12-09 06:00:00 | 15,216 | 0.03% | Addresses with over 100 | bitaps.com |
| 2024-12-09 06:00:00 | 1,972 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-12-09 06:00:00 | 91 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-12-09 06:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table highlights various events and their impacts on the cryptocurrency market. For example, the CPI and Treasury Statement Balance can influence market sentiment and price movements. Additionally, reports like the EIA Petroleum Status Report can impact specific cryptocurrencies like the recent double-digit losses experienced by XRP and ADA due to crypto volatility. These economic events provide important context for understanding market dynamics and should be considered when analyzing the cryptocurrency market.
| Date | Impact | Event |
|---|---|---|
| 2024-12-11 19:00:00 | Moderate | Treasury Statement Balance |
| 2024-12-11 15:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-12-11 15:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-12-11 15:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-12-11 13:30:00 | High | CPI Ex-Food & Energy- Y/Y |
| 2024-12-11 13:30:00 | High | CPI Ex-Food & Energy- M/M |
| 2024-12-11 13:30:00 | High | CPI CPI – Y/Y |
| 2024-12-11 13:30:00 | High | CPI CPI – M/M |
| 2024-12-10 23:50:00 | Moderate | JPY – BSI Large Manufacturing Conditions (Q4) |
| 2024-12-10 21:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-12-10 18:00:00 | Moderate | USD – 3-Year Note Auction |
| 2024-12-10 17:00:00 | Moderate | USD – WASDE Report |
| 2024-12-10 17:00:00 | Moderate | USD – EIA Short-Term Energy Outlook |
| 2024-12-10 13:30:00 | Moderate | USD – Unit Labor Costs (QoQ) (Q3) |
| 2024-12-10 13:30:00 | Moderate | USD – Nonfarm Productivity (QoQ) (Q3) |
| 2024-12-10 13:30:00 | Moderate | Productivity and Costs Nonfarm Productivity – Annual Rate |
| 2024-12-10 13:30:00 | Moderate | Productivity and Costs Unit Labor Costs – Annual Rate |
| 2024-12-10 12:00:00 | Moderate | BRL – CPI (YoY) (Nov) |
| 2024-12-10 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-12-10 10:00:00 | Moderate | USD – OPEC Meeting |
| 2024-12-10 07:00:00 | High | EUR – German CPI (MoM) (Nov) |
| 2024-12-10 07:00:00 | Moderate | EUR – German CPI (YoY) (Nov) |
| 2024-12-10 03:30:00 | Moderate | AUD – RBA Rate Statement |
| 2024-12-10 03:30:00 | High | AUD – RBA Interest Rate Decision (Dec) |
| 2024-12-10 03:10:40 | Moderate | CNY – Trade Balance (USD) (Nov) |
| 2024-12-10 03:10:40 | Moderate | CNY – Imports (YoY) (Nov) |
| 2024-12-10 03:10:40 | Moderate | CNY – Exports (YoY) (Nov) |
| 2024-12-10 03:00:03 | Moderate | CNY – Exports (YoY) (Nov) |
| 2024-12-10 03:00:02 | Moderate | CNY – Imports (YoY) (Nov) |
| 2024-12-10 03:00:01 | Moderate | CNY – Trade Balance (USD) (Nov) |
| 2024-12-10 00:30:00 | Moderate | AUD – NAB Business Confidence (Nov) |
| 2024-12-09 16:30:00 | Moderate | USD – NY Fed 1-Year Consumer Inflation Expectations (Nov) |
| 2024-12-09 16:00:00 | Moderate | USD – NY Fed 1-Year Consumer Inflation Expectations (Nov) |
Crypto Assets Prices
The ‘Prices’ table showcases the price variations and volatilities of major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin. While Bitcoin and Ethereum have experienced negative price variations, Binance Coin has also seen a decline in price. The volatility in these cryptocurrencies can be influenced by various factors like market sentiment, economic events, and overall market conditions. Monitoring these price changes and volatilities is essential to track the short-term trends and potential opportunities within the cryptocurrency market.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-12-10 14:12:00 | Bitcoin | 97,740.13 | -1.48% | -2.41 | -1.87% | 6.66 | 3.19% |
| 2024-12-09 14:12:00 | Bitcoin | 99,186.83 | -1.02% | -0.54 | -1.28% | 3.47 | 1.61% |
| 2024-12-08 14:12:00 | Bitcoin | 100,199.99 | 1.01% | 0.74 | 1.03% | 1.87 | -1.51% |
| 2024-12-10 14:12:00 | Ethereum | 3,709.48 | -4.95% | -5.65 | -3.51% | 12.21 | 7.55% |
| 2024-12-09 14:12:00 | Ethereum | 3,893.20 | -2.58% | -2.15 | -2.04% | 4.66 | 2.10% |
| 2024-12-08 14:12:00 | Ethereum | 3,993.48 | 0.31% | -0.11 | -0.02% | 2.56 | -0.46% |
| 2024-12-10 14:12:00 | Binance Coin | 690.16 | -5.55% | -5.39 | -4.00% | 13.89 | 8.79% |
| 2024-12-09 14:12:00 | Binance Coin | 728.49 | -1.82% | -1.38 | -1.00% | 5.10 | 0.49% |
| 2024-12-08 14:12:00 | Binance Coin | 741.76 | 0.17% | -0.38 | -2.62% | 4.61 | 0.53% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table provides insights into the total market capitalization and trading volumes of major cryptocurrencies. The recent trends indicate a negative variation in market capitalization for cryptocurrencies like Binance Coin, Bitcoin, and Ethereum. This decline in market capitalization reflects the overall sentiment of market participants and can be influenced by factors such as price movements, investor sentiment, and market developments. Analyzing the market capitalization and trading volumes is essential to understanding the overall market trends and potential investment opportunities.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-12-10 00:00:00 | Binance Coin | 100,338,665,906 | -7.53% | 3,138,547,541 | 140.75% |
| 2024-12-09 00:00:00 | Binance Coin | 108,505,711,996 | -0.94% | 1,303,653,555 | -25.41% |
| 2024-12-08 00:00:00 | Binance Coin | 109,534,189,134 | 2.60% | 1,747,652,509 | -28.89% |
| 2024-12-10 00:00:00 | Bitcoin | 1,926,047,690,158 | -3.79% | 146,937,394,518 | 134.44% |
| 2024-12-09 00:00:00 | Bitcoin | 2,001,867,475,659 | 1.27% | 62,675,162,036 | 2.67% |
| 2024-12-08 00:00:00 | Bitcoin | 1,976,701,465,085 | -0.04% | 61,043,880,029 | -51.01% |
| 2024-12-10 00:00:00 | Ethereum | 446,571,271,920 | -7.43% | 59,139,414,928 | 192.25% |
| 2024-12-09 00:00:00 | Ethereum | 482,400,988,224 | 0.03% | 20,236,147,208 | -6.11% |
| 2024-12-08 00:00:00 | Ethereum | 482,256,772,770 | -0.10% | 21,552,616,280 | -61.35% |
| 2024-12-10 00:00:00 | Tether | 138,058,530,450 | -0.02% | 236,588,513,648 | 390.53% |
| 2024-12-09 00:00:00 | Tether | 138,080,444,493 | 0.23% | 48,230,987,190 | -60.65% |
| 2024-12-08 00:00:00 | Tether | 137,758,847,744 | 0.73% | 122,583,870,872 | -27.80% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table showcases the trading volumes of major cryptocurrency exchanges. Binance, Binance US, Bitfinex, and other exchanges have observed variations in trading volumes. These variations can indicate shifts in investor behavior and market liquidity. Monitoring the trading volumes across different exchanges provides insights into market participation and the overall trading activity within the cryptocurrency market.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-12-10 00:00:00 | Binance | 587,074 | 146.07% |
| 2024-12-09 00:00:00 | Binance | 238,580 | -11.66% |
| 2024-12-08 00:00:00 | Binance | 270,075 | -35.39% |
| 2024-12-10 00:00:00 | Binance US | 524 | 109.60% |
| 2024-12-09 00:00:00 | Binance US | 250 | -8.42% |
| 2024-12-08 00:00:00 | Binance US | 273 | -23.31% |
| 2024-12-10 00:00:00 | Bitfinex | 7,110 | 150.53% |
| 2024-12-09 00:00:00 | Bitfinex | 2,838 | -26.38% |
| 2024-12-08 00:00:00 | Bitfinex | 3,855 | -44.72% |
| 2024-12-10 00:00:00 | Bybit | 137,841 | 134.53% |
| 2024-12-09 00:00:00 | Bybit | 58,774 | -8.11% |
| 2024-12-08 00:00:00 | Bybit | 63,962 | -41.83% |
| 2024-12-10 00:00:00 | Coinbase | 98,948 | 144.64% |
| 2024-12-09 00:00:00 | Coinbase | 40,446 | -20.62% |
| 2024-12-08 00:00:00 | Coinbase | 50,954 | -41.47% |
| 2024-12-10 00:00:00 | Crypto.com | 152,395 | 223.14% |
| 2024-12-09 00:00:00 | Crypto.com | 47,160 | -0.59% |
| 2024-12-08 00:00:00 | Crypto.com | 47,441 | -61.49% |
| 2024-12-10 00:00:00 | Gate.io | 97,869 | 84.80% |
| 2024-12-09 00:00:00 | Gate.io | 52,958 | -12.60% |
| 2024-12-08 00:00:00 | Gate.io | 60,594 | -26.56% |
| 2024-12-10 00:00:00 | Kraken | 27,960 | 155.30% |
| 2024-12-09 00:00:00 | Kraken | 10,952 | -14.48% |
| 2024-12-08 00:00:00 | Kraken | 12,807 | -42.23% |
| 2024-12-10 00:00:00 | KuCoin | 29,118 | 114.85% |
| 2024-12-09 00:00:00 | KuCoin | 13,553 | -11.32% |
| 2024-12-08 00:00:00 | KuCoin | 15,283 | -27.67% |
| 2024-12-10 00:00:00 | OKX | 108,516 | 157.44% |
| 2024-12-09 00:00:00 | OKX | 42,152 | -13.95% |
| 2024-12-08 00:00:00 | OKX | 48,984 | -32.18% |
Mining – Blockchain Technology
The ‘Mining’ table offers insights into mining difficulty, mined blocks, block rewards, and hash rate. The mining difficulty and hash rate represent the computational mining capacity in the cryptocurrency market. Analyzing these indicators provides an overview of the mining ecosystem and the network’s security. Monitoring these mining indicators helps track the overall health and activity of the cryptocurrency networks.
| Item | 2024-12-10 | 2024-12-09 | 2024-12-08 | 2024-12-07 | 2024-12-06 | 2024-12-05 | 2024-12-04 |
|---|---|---|---|---|---|---|---|
| Difficulty | 103.92T | 103.92T | 103.92T | 103.92T | 103.92T | 103.92T | 103.92T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 874.03K | 873.86K | 873.71K | 873.57K | 873.43K | 873.28K | 873.13K |
| 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 | 873.45B | 750.14B | 734.10B | 702.88B | 801.31B | 755.21B | 811.51B |
| Hash Rate GB Variation | 16.44% | 2.18% | 4.44% | -12.28% | 6.10% | -6.94% | 22.73% |
Conclusion
In conclusion, the cryptocurrency market has shown a downward trend in the past 24 hours, characterized by negative price variations and overall negative sentiment. The market sentiment is leaning towards extreme fear, potentially impacting investor behavior. Various economic events and market indicators have influenced the market dynamics, including the recent volatility in cryptocurrencies like XRP and ADA. Monitoring the prices, market capitalizations, trading volumes, and sentiment indicators is crucial to making informed decisions in the cryptocurrency market.
So What
Considering the negative sentiment and price variations, it is crucial for market participants to exercise caution and conduct thorough analysis before making any investment decisions. The cryptocurrency market is highly volatile, and short-term trends can quickly change. Adapting to current market conditions and understanding the risks associated with cryptocurrency investments are vital in navigating the market.
What next?
Looking ahead, it is important to closely monitor market developments, economic events, and regulatory changes that could impact the cryptocurrency market. Recognizing potential opportunities and risks can help investors make well-informed decisions. Additionally, keeping track of market sentiment and indicators will provide valuable insights into future market trends. As the cryptocurrency market continues to evolve, staying informed and adapting to the changing landscape will be key for market participants.
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.
