πŸ“ƒ Dec 14, 2023 – ASIA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

The cryptocurrency market is currently showing a neutral trend with a slight upward momentum. Based on the analysis of various data tables, there are several positive signals indicating potential growth in the market over the next 8 hours. However, it is important to note that market conditions can fluctuate and should be monitored closely. The analysis is based on up-to-date information as of the reference date mentioned in the dataset.

What is important

The current state of the cryptocurrency market is influenced by several key factors. These include the market capitalization and volume of major cryptocurrencies, economic events impacting the global financial market, price movements of cryptocurrencies, and the sentiment reflected in news articles. Understanding these factors provides insight into the overall market dynamics and potential opportunities and risks.

Top 5 – Latest Headlines & Cryptocurrency News

  1. BlackRockΒ΄s Bitcoin ETF Amendment Welcomes Wall Street– BlackRockΒ΄s Bitcoin ETF amendment welcomes Wall Street’s interest in the cryptocurrency market.
  2. Bitcoin Price Analysis: BTC Takes Hit To Trim Gains, $40K Is The Key– BTC price takes a hit and struggles to maintain gains, with $40k being a critical level.
  3. BlackRock rΓ©vise son ETF Bitcoin : Une StratΓ©gie pour sΓ©duire les gΓ©ants de Wall Street !– BlackRock revises its Bitcoin ETF strategy to attract Wall Street giants.
  4. Will Cardano Price Reach $10 in 2024?– Cardano price expected to reach $10 by 2024.
  5. BlackRockΒ΄s Bitcoin ETF Opens Opportunities for Wall Street Banks– BlackRockΒ΄s Bitcoin ETF opens opportunities for Wall Street banks.

Factors DrivingΒ the Growth – Market Sentiment

Analyzing the ‘Positive Keywords’ and ‘Negative Keywords’ tables reveals the most mentioned sentiment-driven keywords in the news. Positive keywords, such as Bitcoin, BlackRock’s Bitcoin ETF, and Coinbase’s market expansion, indicate growing interest and positive developments in the market. On the other hand, negative keywords like price fluctuations, SEC regulations, and market concerns highlight areas of caution and potential challenges.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
61bitcoin
33cryptocurrency market
21coinbase
19binance
19cryptocurrency
16shiba inu
15blackrock
15surge
12bitcoin etf
12market

Negative Terms – Sentiment Analysis

OccurrencesKeyword
24bitcoin
12cryptocurrency market
10sec
9okx dex
8price
7btc
6binance
6ethereum
6okx
5cardano

Crypto Investor Fear & Greed Index

The ‘Fear and Greed Indicators’ table provides valuable insights into market sentiment based on fear and greed levels. Currently, the market sentiment appears to be in a state of moderate fear. This suggests that investors may be exercising caution and may be hesitant to take significant risks. However, it is important to note that fear and greed levels can change rapidly, and monitoring these indicators can provide valuable insight into market sentiment.

DateValueVariationSource
2023-12-14 00:00:0065pt0ptAlternative.me
2023-12-14 00:00:0072pt7ptAlternative.me
2023-12-13 00:00:0065pt-2ptAlternative.me
2023-12-13 00:00:0067pt0ptAlternative.me
2023-12-12 00:00:0067pt-7ptAlternative.me
2023-12-12 00:00:0074pt0ptAlternative.me
2023-12-14 00:00:0065pt0ptBitDegree.org
2023-12-13 08:00:0065pt-2ptBitDegree.org
2023-12-13 00:00:0067pt-7ptBitDegree.org
2023-12-12 00:00:0074pt0ptBitDegree.org
2023-12-14 00:00:0068pt4ptBtcTools.io
2023-12-13 16:00:0064pt4ptBtcTools.io
2023-12-13 08:00:0060pt-1ptBtcTools.io
2023-12-13 00:00:0061pt0ptBtcTools.io
2023-12-12 16:00:0061pt-4ptBtcTools.io
2023-12-12 08:00:0065pt2ptBtcTools.io
2023-12-12 00:00:0063pt-5ptBtcTools.io
2023-12-11 16:00:0068pt-3ptBtcTools.io
2023-12-11 08:00:0071pt0ptBtcTools.io
2023-12-14 00:00:0072pt7ptCoinstats.app
2023-12-13 00:00:0065pt-2ptCoinstats.app
2023-12-13 00:00:0067pt0ptCoinstats.app
2023-12-12 00:00:0067pt0ptCoinstats.app

Bitcoin: Active Addresses

Analyzing the ‘Bitcoin Address Indicators’ table allows us to assess the activity and growth of Bitcoin addresses. The number of active addresses and the quantities of wallet addresses based on balance values indicate the level of engagement and adoption of Bitcoin. While there has been some variation in address activity and balances, overall, the data suggests a consistent level of usage and interest in Bitcoin addresses.

DateAddressesVariationIndicatorSource
2023-12-14 00:00:001,210,733,5650.00%Total Addressesbitaps.com
2023-12-14 00:00:001,162,123,5640.00%Zero Balance Addressesbitaps.com
2023-12-14 00:00:00772,649-0.13%Bitcoin Active Addressesbtc.com
2023-12-14 00:00:00540,5080.00%Addresses with over 0bitaps.com
2023-12-14 00:00:00219,6260.00%Addresses with over 0.0000001bitaps.com
2023-12-14 00:00:002,724,3550.00%Addresses with over 0.000001bitaps.com
2023-12-14 00:00:009,310,4710.00%Addresses with over 0.00001bitaps.com
2023-12-14 00:00:0012,164,3690.00%Addresses with over 0.0001bitaps.com
2023-12-14 00:00:0011,375,8870.00%Addresses with over 0.001bitaps.com
2023-12-14 00:00:007,782,0260.00%Addresses with over 0.01bitaps.com
2023-12-14 00:00:003,475,8370.00%Addresses with over 0.1bitaps.com
2023-12-14 00:00:00860,9720.00%Addresses with over 1bitaps.com
2023-12-14 00:00:00139,9660.00%Addresses with over 10bitaps.com
2023-12-14 00:00:0013,9600.00%Addresses with over 100bitaps.com
2023-12-14 00:00:001,9140.00%Addresses with over 1,000bitaps.com
2023-12-14 00:00:001060.00%Addresses with over 10,000bitaps.com
2023-12-14 00:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The ‘Economic Events’ table highlights important events impacting the global financial market. These events, ranging from PMI reports to central bank decisions, can have a significant influence on market sentiment and price movements in the cryptocurrency market. Traders and investors closely monitor these events to gauge the overall health of the economy and make informed decisions.

DateImpactEvent
2023-12-15 14:45:00ModeratePMI Composite Flash Services Index
2023-12-15 14:45:00ModeratePMI Composite Flash Manufacturing Index
2023-12-15 14:45:00ModeratePMI Composite Flash Composite Index
2023-12-15 14:15:00HighIndustrial Production Manufacturing Output – M/M
2023-12-15 14:15:00HighIndustrial Production Capacity Utilization Rate
2023-12-15 14:15:00HighIndustrial Production Industrial Production – M/M
2023-12-15 13:30:00ModerateEmpire State Manufacturing Index Index
2023-12-14 21:30:00ModerateNZD – Business NZ PMI (Nov)
2023-12-14 21:30:00ModerateUSD – FedΒ΄s Balance Sheet
2023-12-14 16:30:00ModerateUSD – Atlanta Fed GDPNow (Q4)
2023-12-14 15:30:00ModerateEIA Natural Gas Report Week over Week
2023-12-14 15:15:00ModerateEUR – ECB President Lagarde Speaks
2023-12-14 15:00:00ModerateUSD – Retail Inventories Ex Auto (Oct)
2023-12-14 15:00:00ModerateUSD – Business Inventories (MoM) (Oct)
2023-12-14 15:00:00ModerateBusiness Inventories Month over Month
2023-12-14 14:45:00ModerateEUR – ECB Economic Bulletin
2023-12-14 13:45:00HighEUR – ECB Press Conference
2023-12-14 13:30:00HighUSD – Retail Sales (MoM) (Nov)
2023-12-14 13:30:00ModerateUSD – Retail Control (MoM) (Nov)
2023-12-14 13:30:00HighUSD – Initial Jobless Claims
2023-12-14 13:30:00ModerateUSD – Import Price Index (MoM) (Nov)
2023-12-14 13:30:00ModerateUSD – Export Price Index (MoM) (Nov)
2023-12-14 13:30:00HighUSD – Core Retail Sales (MoM) (Nov)
2023-12-14 13:30:00ModerateUSD – Continuing Jobless Claims
2023-12-14 13:30:00HighJobless Claims Initial Claims – Level
2023-12-14 13:30:00HighJobless Claims 4-Week Moving Average
2023-12-14 13:30:00ModerateImport and Export Prices Import Prices – Y/Y
2023-12-14 13:30:00ModerateImport and Export Prices Export Prices – Y/Y
2023-12-14 13:30:00HighRetail Sales Ex-Vehicles – M/M
2023-12-14 13:30:00HighRetail Sales Retail Sales – M/M
2023-12-14 13:30:00ModerateImport and Export Prices Export Prices – M/M
2023-12-14 13:30:00HighRetail Sales Ex-Vehicles & Gas – M/M
2023-12-14 13:30:00HighJobless Claims Initial Claims – Change
2023-12-14 13:30:00ModerateImport and Export Prices Import Prices – M/M
2023-12-14 13:15:00HighEUR – ECB Interest Rate Decision (Dec)
2023-12-14 13:15:00ModerateEUR – ECB Monetary Policy Statement
2023-12-14 13:15:00ModerateEUR – ECB Marginal Lending Facility
2023-12-14 13:15:00HighEUR – Deposit Facility Rate (Dec)
2023-12-14 12:30:00ModerateGBP – BOE Inflation Letter
2023-12-14 12:00:00ModerateBRL – Retail Sales (YoY) (Oct)
2023-12-14 12:00:00ModerateBRL – Retail Sales (MoM) (Oct)
2023-12-14 12:00:00ModerateGBP – BoE MPC Meeting Minutes
2023-12-14 12:00:00HighGBP – BoE Interest Rate Decision (Dec)
2023-12-14 12:00:00ModerateGBP – BoE MPC vote unchanged (Dec)
2023-12-14 12:00:00ModerateGBP – BoE MPC vote hike (Dec)
2023-12-14 12:00:00ModerateGBP – BoE MPC vote cut (Dec)
2023-12-14 10:00:00ModerateEUR – EU Leaders Summit
2023-12-14 09:00:00ModerateCHF – SNB Press Conference
2023-12-14 09:00:00ModerateUSD – IEA Monthly Report
2023-12-14 08:30:00ModerateCHF – SNB Monetary Policy Assessment
2023-12-14 08:30:00HighCHF – SNB Interest Rate Decision (Q4)
2023-12-14 08:00:00ModerateEUR – Spanish HICP (YoY) (Nov)
2023-12-14 08:00:00ModerateEUR – Spanish CPI (YoY) (Nov)
2023-12-14 07:30:00ModerateCHF – PPI (MoM) (Nov)
2023-12-14 06:30:00ModerateINR – WPI Inflation (YoY) (Nov)
2023-12-14 04:30:00ModerateJPY – Industrial Production (MoM) (Oct)
2023-12-14 00:30:00ModerateAUD – Unemployment Rate (Nov)
2023-12-14 00:30:00ModerateAUD – Full Employment Change (Nov)
2023-12-14 00:30:00ModerateAUD – Employment Change (Nov)
2023-12-14 00:01:00ModerateGBP – RICS House Price Balance (Nov)
2023-12-13 21:45:00HighNZD – GDP (QoQ) (Q3)
2023-12-13 21:30:00ModerateBRL – Interest Rate Decision
2023-12-13 21:00:00ModerateBRL – Interest Rate Decision
2023-12-13 19:30:00HighUSD – FOMC Press Conference
2023-12-13 19:00:00HighUSD – Fed Interest Rate Decision
2023-12-13 19:00:00HighUSD – FOMC Statement
2023-12-13 19:00:00HighUSD – FOMC Economic Projections
2023-12-13 19:00:00ModerateUSD – Interest Rate Projection – Longer (Q4)
2023-12-13 19:00:00ModerateUSD – Interest Rate Projection – Current (Q4)
2023-12-13 19:00:00ModerateUSD – Interest Rate Projection – 3rd Yr (Q4)
2023-12-13 19:00:00ModerateUSD – Interest Rate Projection – 2nd Yr (Q4)
2023-12-13 19:00:00ModerateUSD – Interest Rate Projection – 1st Yr (Q4)
2023-12-13 16:00:00ModerateRUB – GDP Quarterly (YoY)
2023-12-13 15:30:00ModerateUSD – Cushing Crude Oil Inventories
2023-12-13 15:30:00HighUSD – Crude Oil Inventories
2023-12-13 15:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2023-12-13 15:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2023-12-13 15:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2023-12-13 13:30:00HighUSD – PPI (MoM) (Nov)
2023-12-13 13:30:00ModerateUSD – Core PPI (MoM) (Nov)
2023-12-13 13:30:00HighPPI-Final Demand PPI-FD – Y/Y
2023-12-13 13:30:00HighPPI-Final Demand Ex-Food & Energy – Y/Y
2023-12-13 13:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – M/M
2023-12-13 13:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – Y/Y
2023-12-13 13:30:00HighPPI-Final Demand PPI-FD – M/M
2023-12-13 13:30:00HighPPI-Final Demand Ex-Food & Energy – M/M
2023-12-13 13:00:00ModerateGBP – NIESR Monthly GDP Tracker
2023-12-13 12:00:00ModerateUSD – OPEC Monthly Report
2023-12-13 10:00:00ModerateCNY – New Loans
2023-12-13 10:00:00ModerateEUR – Industrial Production (MoM) (Oct)
2023-12-13 09:12:00ModerateCNY – New Loans (Nov)
2023-12-13 09:02:00ModerateCNY – New Loans (Nov)
2023-12-13 09:00:00ModerateCNY – New Loans (Nov)
2023-12-13 08:00:00ModerateCNY – New Loans
2023-12-13 07:00:00ModerateGBP – Trade Balance Non-EU (Oct)
2023-12-13 07:00:00ModerateGBP – Trade Balance (Oct)
2023-12-13 07:00:00ModerateGBP – Monthly GDP 3M/3M Change (Oct)
2023-12-13 07:00:00ModerateGBP – Manufacturing Production (MoM) (Oct)
2023-12-13 07:00:00ModerateGBP – Industrial Production (MoM) (Oct)
2023-12-13 07:00:00HighGBP – GDP (MoM) (Oct)

Crypto Assets Prices

The ‘Prices’ table provides insights into the price fluctuations and volatility of major cryptocurrencies. Based on the analysis, we observe both positive and negative price movements, indicating a dynamic market. It is important for investors to closely monitor price trends and factors influencing the market to make informed trading decisions.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2023-12-14 00:18:00Bitcoin42,860.003.48%3.504.33%7.203.70%
2023-12-13 00:18:00Bitcoin41,369.570.15%-0.844.49%3.50-4.97%
2023-12-12 00:18:00Bitcoin41,305.69-5.89%-5.33-5.26%8.477.36%
2023-12-14 00:18:00Ethereum2,256.832.39%2.413.65%6.512.91%
2023-12-13 00:18:00Ethereum2,202.87-1.13%-1.253.69%3.61-5.06%
2023-12-12 00:18:00Ethereum2,227.78-5.44%-4.94-4.84%8.676.19%
2023-12-14 00:18:00Binance Coin251.90-0.99%-0.20-2.33%4.831.00%
2023-12-13 00:18:00Binance Coin254.403.26%2.13-0.67%3.83-5.03%
2023-12-12 00:18:00Binance Coin246.102.52%2.802.46%8.866.92%

CryptocurrencyΒ Capitalization and Volume

Analyzing the ‘Market Capitalizations and Volumes’ table allows us to assess the overall market capitalization and trading volume of major cryptocurrencies. This data provides an overview of the size and liquidity of the cryptocurrency market, which is important for understanding market dynamics and potential investment opportunities.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2023-12-14 00:00:00Binance Coin38,788,826,656-0.90%1,149,904,547-42.09%
2023-12-13 00:00:00Binance Coin39,139,413,9993.20%1,985,752,93618.73%
2023-12-12 00:00:00Binance Coin37,925,517,4072.83%1,672,562,585218.05%
2023-12-14 00:00:00Bitcoin839,174,793,1633.41%24,609,875,244-2.29%
2023-12-13 00:00:00Bitcoin811,465,209,0190.52%25,187,598,586-36.63%
2023-12-12 00:00:00Bitcoin807,296,390,351-5.77%39,744,308,580250.47%
2023-12-14 00:00:00Ethereum271,723,137,8662.59%15,015,001,34210.75%
2023-12-13 00:00:00Ethereum264,855,699,365-0.98%13,557,641,461-26.97%
2023-12-12 00:00:00Ethereum267,489,294,706-5.44%18,565,256,13874.22%
2023-12-14 00:00:00Tether90,695,509,4190.08%37,919,784,122-16.93%
2023-12-13 00:00:00Tether90,618,504,336-0.04%45,650,437,593-33.19%
2023-12-12 00:00:00Tether90,652,068,4780.05%68,324,991,762141.51%

Cryptocurrency Exchanges Volume and Variation

The ‘Exchanges’ table provides insights into the trading volumes and variations on major cryptocurrency exchanges. Monitoring the volume and variation can provide valuable information on market liquidity, investor sentiment, and potential price impact. Traders and investors often consider trading volumes on different exchanges before making trading decisions.

DateExchangeVolumeVariation
2023-12-14 00:00:00Binance339,963-7.02%
2023-12-13 00:00:00Binance365,634-27.65%
2023-12-12 00:00:00Binance505,360140.19%
2023-12-14 00:00:00Binance US5660.00%
2023-12-13 00:00:00Binance US566-33.41%
2023-12-12 00:00:00Binance US850152.98%
2023-12-14 00:00:00Bitfinex4,59520.60%
2023-12-13 00:00:00Bitfinex3,810-51.29%
2023-12-12 00:00:00Bitfinex7,821213.97%
2023-12-14 00:00:00Bybit64,481-3.36%
2023-12-13 00:00:00Bybit66,726-36.67%
2023-12-12 00:00:00Bybit105,366188.74%
2023-12-14 00:00:00Coinbase61,80210.80%
2023-12-13 00:00:00Coinbase55,780-33.12%
2023-12-12 00:00:00Coinbase83,404192.71%
2023-12-14 00:00:00Crypto.com30,78116.66%
2023-12-13 00:00:00Crypto.com26,386-30.46%
2023-12-12 00:00:00Crypto.com37,943173.33%
2023-12-14 00:00:00Gate.io45,093-9.25%
2023-12-13 00:00:00Gate.io49,689-20.53%
2023-12-12 00:00:00Gate.io62,526139.08%
2023-12-14 00:00:00Kraken25,959-0.20%
2023-12-13 00:00:00Kraken26,010-28.92%
2023-12-12 00:00:00Kraken36,595253.92%
2023-12-14 00:00:00KuCoin26,100-2.35%
2023-12-13 00:00:00KuCoin26,727-28.47%
2023-12-12 00:00:00KuCoin37,365124.72%
2023-12-14 00:00:00OKX65,562-7.35%
2023-12-13 00:00:00OKX70,766-39.51%
2023-12-12 00:00:00OKX116,987178.09%

Mining – Blockchain Technology

The ‘Mining’ table offers insights into the mining difficulty, mined blocks, rewards, and hash rate in the cryptocurrency market. Monitoring mining-related data provides a glimpse into the computational power dedicated to mining major cryptocurrencies and the overall health of the decentralized network. Changes in mining difficulty, rewards, and hash rate can indicate shifts in network security and mining profitability.

Item2023-12-142023-12-132023-12-122023-12-112023-12-102023-12-092023-12-08
Difficulty67,31T67,31T67,31T67,31T67,96T067,96T
Difficulty Variation0.00%0.00%0.00%-0.96%∞%-100.00%0.00%
Blocks821,07K820,93K820,78K820,62K820,48K0820,19K
Blocks Variation0.02%0.02%0.02%0.02%0.00%-100.00%0.01%
Reward BTC6.256.256.256.256.250.006.25
Reward BTC Variation0.00%0.00%0.00%0.00%∞%-100.00%0.00%
Hash Rate GB495,18B478,45B528,64B465,07B527,00B0,00388,49B
Hash Rate GB Variation3.50%-9.49%13.67%-11.75%∞%-100.00%-15.44%

Conclusion

In conclusion, the cryptocurrency market is currently experiencing a neutral trend with signs of potential growth in the next 8 hours. Positive sentiments, such as the introduction of BlackRock’s Bitcoin ETF and Coinbase’s market expansion, indicate growing interest and development in the market. However, factors like price fluctuations, SEC regulations, and market concerns serve as areas of caution. It is crucial for investors to stay informed, monitor market dynamics, and make well-informed decisions based on reliable analysis.

So What

The current state of the cryptocurrency market has practical implications for various stakeholders. Investors should consider asset allocation strategies, risk management, and staying informed about market developments. Traders may find opportunities in market fluctuations and should leverage technical analysis tools for potential short-term gains. Regulators and policymakers need to work towards creating a robust framework to ensure investor protection and market stability.

What next?

Looking ahead, the cryptocurrency market is expected to continue evolving rapidly. Regulatory developments, economic indicators, and market sentiment will play a vital role in driving market trends. As decentralized finance (DeFi) gains traction, we may see increased innovation and adoption of blockchain technology. Additionally, advancements in scalability, security, and environmental sustainability will shape the future of cryptocurrencies. Landscape. It is essential to stay informed and adapt to changing market dynamics to harness the potential benefits offered by 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.

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