πŸ“ƒ Dec 22, 2023 – ASIA Cryptocurrency Market 8h Daily Trend Forecast - (2)

Crypto Market Analysis & Trend: Neutral/Trending Up

The cryptocurrency market has shown a neutral sentiment with a slight upward trend in the last few hours. Based on the analysis of multiple data tables and indicators, there is evidence to suggest that the market is likely to continue its current trajectory in the next 8 hours, although with some volatility. Confidence in this analysis is moderate, considering the recent fluctuation in prices and the influence of various factors affecting the market.

What is important

Several key points are essential to understanding the current state of the cryptocurrency market. The positive keywords analysis reveals a significant focus on Bitcoin, Ethereum, and Solana, indicating a strong interest in these cryptocurrencies. On the other hand, negative keywords highlight concerns about fraud, unstable prices, and decreasing supply. The fear and greed indicators suggest a sentiment leaning towards greed, which may impact market behavior. Economic events, such as GDP reports and consumer sentiment indices, can also influence market dynamics. Additionally, the prices and market capitalizations tables provide valuable insights into the performance of major cryptocurrencies and exchanges, while mining and address indicators shed light on the mining and transaction activities in the network.

Top 5 – Latest Headlines & Cryptocurrency News

  1. Solana Surges Ahead of Ethereum in the Altcoin Market– Solana surpasses Ethereum in the altcoin market.
  2. Are Ethereum Layer-2s The Next Fraud Paradise? This Co-Founder Asks Hard Questions– Ethereum layer 2 solutions are considered a fraud paradise in the cryptocurrency market.
  3. ETH Death Claims Escalate as Ethereum Weakens Against Bitcoin (BTC)– The death claims for Ethereum (ETH) are increasing as its value weakens against Bitcoin (BTC).
  4. Mollars Token Presale Booms as Crypto Traders Learn of The New ICO For Ethereum BlockchainΒ΄s Bitcoin– Mollars token presale experiences significant growth as crypto traders discover the new ICO for Ethereum and Bitcoin blockchains.
  5. Bitcoin and Ordinals now supported by SolanaΒ΄s Phantom wallet– SolanaΒ΄s Phantom wallet now supports Bitcoin and ordinals.

Factors DrivingΒ the Growth – Market Sentiment

The analysis of positive keywords shows a predominant interest in Bitcoin, Ethereum, and Solana, reflecting the market’s focus on these cryptocurrencies. The negative keywords indicate concerns related to fraud, unstable prices, and decreasing supply. It is important to consider these keywords as indicators of the sentiments surrounding the cryptocurrency market.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
45bitcoin
37cryptocurrency market
36solana
22binance
18bitcoin etf
18ethereum
17argentina
17shiba inu
15coinbase
14cryptocurrency

Negative Terms – Sentiment Analysis

OccurrencesKeyword
11$1 billion
10assets
9ethereum
8bitcoin
7three arrows capital
6cryptocurrency market
5asset freeze
5court
5founders
5solana

Crypto Investor Fear & Greed Index

The fear and greed indicators suggest a prevailing sentiment of greed in the cryptocurrency market. With values above 50, the market shows a high appetite for risk and potential gains. However, it is crucial to monitor these indicators as extreme greed can lead to speculation and increased volatility. Traders should remain cautious and consider the potential risks associated with excessive market optimism.

DateValueVariationSource
2023-12-22 00:00:0070pt0ptAlternative.me
2023-12-22 00:00:0074pt4ptAlternative.me
2023-12-21 00:00:0070pt-4ptAlternative.me
2023-12-21 00:00:0074pt0ptAlternative.me
2023-12-20 00:00:0073pt0ptAlternative.me
2023-12-20 00:00:0074pt1ptAlternative.me
2023-12-22 00:00:0070pt-4ptBitDegree.org
2023-12-21 00:00:0074pt0ptBitDegree.org
2023-12-20 07:00:0074pt1ptBitDegree.org
2023-12-20 00:00:0073pt0ptBitDegree.org
2023-12-22 00:00:0056pt3ptBtcTools.io
2023-12-21 16:00:0053pt9ptBtcTools.io
2023-12-21 00:00:0044pt-1ptBtcTools.io
2023-12-20 16:00:0045pt2ptBtcTools.io
2023-12-20 08:00:0043pt2ptBtcTools.io
2023-12-20 00:00:0041pt-1ptBtcTools.io
2023-12-19 16:00:0042pt-11ptBtcTools.io
2023-12-19 08:00:0053pt0ptBtcTools.io
2023-12-22 00:00:0074pt4ptCoinstats.app
2023-12-21 00:00:0070pt-4ptCoinstats.app
2023-12-20 00:00:0074pt0ptCoinstats.app

Bitcoin: Active Addresses

The Bitcoin address indicators provide insights into the number of active addresses and the distribution of wallets based on balance values. The dataset reveals a fluctuating trend in the number of addresses, with variations in different balance thresholds. This information can be valuable in understanding the level of activity and participation in the Bitcoin network.

DateAddressesVariationIndicatorSource
2023-12-22 00:00:001,196,688,1930.00%Total Addressesbitaps.com
2023-12-22 00:00:001,146,989,3920.00%Zero Balance Addressesbitaps.com
2023-12-22 00:00:00816,016-2.16%Bitcoin Active Addressesbtc.com
2023-12-22 00:00:00540,5260.00%Addresses with over 0bitaps.com
2023-12-22 00:00:00219,3620.00%Addresses with over 0.0000001bitaps.com
2023-12-22 00:00:002,586,1150.00%Addresses with over 0.000001bitaps.com
2023-12-22 00:00:008,945,2520.00%Addresses with over 0.00001bitaps.com
2023-12-22 00:00:0012,721,7450.02%Addresses with over 0.0001bitaps.com
2023-12-22 00:00:0012,087,0190.03%Addresses with over 0.001bitaps.com
2023-12-22 00:00:008,047,1610.01%Addresses with over 0.01bitaps.com
2023-12-22 00:00:003,533,1580.01%Addresses with over 0.1bitaps.com
2023-12-22 00:00:00863,5490.00%Addresses with over 1bitaps.com
2023-12-22 00:00:00139,0150.01%Addresses with over 10bitaps.com
2023-12-22 00:00:0013,874-0.01%Addresses with over 100bitaps.com
2023-12-22 00:00:001,9170.00%Addresses with over 1,000bitaps.com
2023-12-22 00:00:001040.00%Addresses with over 10,000bitaps.com
2023-12-22 00:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The economic events table highlights important factors that can impact the cryptocurrency market. Reports on GDP, consumer sentiment, and other economic indicators can influence investor confidence and market trends. Traders should closely monitor these events as they provide insights into the broader macroeconomic landscape and may impact the cryptocurrency market.

DateImpactEvent
2023-12-22 20:30:00ModerateEUR – CFTC EUR speculative net positions
2023-12-22 20:30:00ModerateRUB – CFTC RUB speculative positions
2023-12-22 20:30:00ModerateJPY – CFTC JPY speculative net positions
2023-12-22 20:30:00ModerateBRL – CFTC BRL speculative net positions
2023-12-22 20:30:00ModerateAUD – CFTC AUD speculative net positions
2023-12-22 20:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2023-12-22 20:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2023-12-22 20:30:00ModerateUSD – CFTC Gold speculative net positions
2023-12-22 20:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2023-12-22 20:30:00ModerateGBP – CFTC GBP speculative net positions
2023-12-22 18:00:00ModerateUSD – U.S. Baker Hughes Total Rig Count
2023-12-22 18:00:00ModerateUSD – U.S. Baker Hughes Oil Rig Count
2023-12-22 18:00:00ModerateUSD – Atlanta Fed GDPNow (Q4)
2023-12-22 15:00:00HighUSD – New Home Sales (Nov)
2023-12-22 15:00:00ModerateUSD – New Home Sales (MoM) (Nov)
2023-12-22 15:00:00ModerateUSD – Michigan Consumer Sentiment (Dec)
2023-12-22 15:00:00ModerateUSD – Michigan Consumer Expectations (Dec)
2023-12-22 15:00:00ModerateUSD – Michigan 5-Year Inflation Expectations (Dec)
2023-12-22 15:00:00ModerateUSD – Michigan 1-Year Inflation Expectations (Dec)
2023-12-22 15:00:00ModerateConsumer Sentiment Index
2023-12-22 15:00:00ModerateConsumer Sentiment Year-ahead Inflation Expectations
2023-12-22 15:00:00HighNew Home Sales Annual Rate
2023-12-22 13:35:00ModerateCAD – GDP (MoM)
2023-12-22 13:30:00ModerateCAD – Wholesale Sales (MoM)
2023-12-22 13:30:00ModerateCAD – GDP (MoM) (Oct)
2023-12-22 13:30:00ModerateUSD – Personal Spending (MoM) (Nov)
2023-12-22 13:30:00ModerateUSD – PCE Price index (YoY) (Nov)
2023-12-22 13:30:00ModerateUSD – PCE price index (MoM) (Nov)
2023-12-22 13:30:00ModerateUSD – Durable Goods Orders (MoM) (Nov)
2023-12-22 13:30:00HighUSD – Core PCE Price Index (YoY) (Nov)
2023-12-22 13:30:00HighUSD – Core PCE Price Index (MoM) (Nov)
2023-12-22 13:30:00HighUSD – Core Durable Goods Orders (MoM) (Nov)
2023-12-22 13:30:00ModerateUSD – Building Permits (MoM)
2023-12-22 13:30:00HighUSD – Building Permits
2023-12-22 13:30:00HighDurable Goods Orders New Orders – M/M
2023-12-22 13:30:00HighDurable Goods Orders Ex-Transportation – M/M
2023-12-22 13:30:00HighPersonal Income and Outlays PCE Price Index – Y/Y
2023-12-22 13:30:00HighPersonal Income and Outlays Core PCE Price Index – Y/Y
2023-12-22 13:30:00HighPersonal Income and Outlays Core PCE Price Index – M/M
2023-12-22 13:30:00HighDurable Goods Orders Core Capital Goods – M/M
2023-12-22 13:30:00HighPersonal Income and Outlays PCE Price Index – M/M
2023-12-22 13:30:00HighPersonal Income and Outlays Personal Income – M/M
2023-12-22 13:30:00HighPersonal Income and Outlays Personal Consumption Expenditures – M/M
2023-12-22 11:30:00ModerateINR – RBI MPC Meeting Minutes
2023-12-22 08:00:00ModerateEUR – Spanish GDP (QoQ) (Q3)
2023-12-22 07:00:00ModerateGBP – Retail Sales (MoM) (Nov)
2023-12-22 07:00:00ModerateGBP – Retail Sales (YoY) (Nov)
2023-12-22 07:00:00HighGBP – GDP (YoY) (Q3)
2023-12-22 07:00:00HighGBP – GDP (QoQ) (Q3)
2023-12-22 07:00:00ModerateGBP – Current Account (Q3)
2023-12-22 07:00:00ModerateGBP – Core Retail Sales (MoM) (Nov)
2023-12-22 07:00:00ModerateGBP – Core Retail Sales (YoY) (Nov)
2023-12-22 07:00:00ModerateGBP – Business Investment (QoQ) (Q3)
2023-12-21 23:50:00ModerateJPY – Monetary Policy Meeting Minutes
2023-12-21 23:30:00ModerateJPY – National Core CPI (YoY) (Nov)
2023-12-21 21:30:00ModerateUSD – FedΒ΄s Balance Sheet
2023-12-21 18:00:00ModerateUSD – 5-Year TIPS Auction
2023-12-21 16:00:00ModerateEUR – ECBΒ΄s Lane Speaks
2023-12-21 15:30:00ModerateEIA Natural Gas Report Week over Week
2023-12-21 15:00:00ModerateUSD – US Leading Index (MoM) (Nov)
2023-12-21 13:30:00ModerateCAD – Retail Sales (MoM) (Oct)
2023-12-21 13:30:00ModerateCAD – Core Retail Sales (MoM) (Oct)
2023-12-21 13:30:00ModerateUSD – Philly Fed Employment (Dec)
2023-12-21 13:30:00HighUSD – Philadelphia Fed Manufacturing Index (Dec)
2023-12-21 13:30:00HighUSD – Initial Jobless Claims
2023-12-21 13:30:00ModerateUSD – GDP Price Index (QoQ) (Q3)
2023-12-21 13:30:00HighUSD – GDP (QoQ) (Q3)
2023-12-21 13:30:00ModerateUSD – Continuing Jobless Claims
2023-12-21 13:30:00HighJobless Claims 4-Week Moving Average
2023-12-21 13:30:00ModeratePhiladelphia Fed Manufacturing Index Index
2023-12-21 13:30:00HighGDP Personal Consumption Expenditures – Annual Rate
2023-12-21 13:30:00HighJobless Claims Initial Claims – Level
2023-12-21 13:30:00HighGDP Quarter over Quarter – Annual Rate
2023-12-21 13:30:00HighJobless Claims Initial Claims – Change

Crypto Assets Prices

The prices table showcases the recent performance and volatility of major cryptocurrencies. It is important to note the variations in price and the 24-hour changes, which can provide valuable insights into market sentiment and potential trading opportunities. Traders should consider these price movements when making investment decisions.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2023-12-22 00:07:00Bitcoin43,801.980.49%0.51-2.24%2.21-2.71%
2023-12-21 00:07:00Bitcoin43,588.362.92%2.753.68%4.920.89%
2023-12-20 00:07:00Bitcoin42,314.49-0.68%-0.94-3.92%4.03-1.43%
2023-12-22 00:07:00Ethereum2,237.211.80%2.051.52%4.41-0.69%
2023-12-21 00:07:00Ethereum2,197.030.68%0.542.01%5.10-0.49%
2023-12-20 00:07:00Ethereum2,182.02-1.45%-1.48-2.38%5.590.52%
2023-12-22 00:07:00Binance Coin271.104.06%5.363.00%7.302.58%
2023-12-21 00:07:00Binance Coin260.102.65%2.36-1.62%4.72-0.01%
2023-12-20 00:07:00Binance Coin253.204.58%3.983.15%4.730.50%

CryptocurrencyΒ Capitalization and Volume

The market capitalizations and volumes table provides a glimpse into the overall size and trading activities of major cryptocurrencies. Changes in market capitalization and trading volume can indicate shifts in investor sentiment and interest. It is crucial to track these metrics to gain a comprehensive understanding of the cryptocurrency market.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2023-12-22 00:00:00Binance Coin41,721,070,9904.11%1,320,814,965-3.58%
2023-12-21 00:00:00Binance Coin40,072,434,8393.15%1,369,841,697-31.79%
2023-12-20 00:00:00Binance Coin38,847,786,6924.55%2,008,255,363138.83%
2023-12-22 00:00:00Bitcoin858,917,356,0400.47%17,424,170,221-38.84%
2023-12-21 00:00:00Bitcoin854,899,913,7523.33%28,488,787,53124.87%
2023-12-20 00:00:00Bitcoin827,325,122,089-0.89%22,815,240,755-5.38%
2023-12-22 00:00:00Ethereum268,977,484,8681.66%19,445,260,9700.49%
2023-12-21 00:00:00Ethereum264,593,325,1371.10%19,351,015,07633.98%
2023-12-20 00:00:00Ethereum261,712,918,331-1.81%14,443,150,6471.96%
2023-12-22 00:00:00Tether91,062,560,8350.12%39,160,459,871-13.13%
2023-12-21 00:00:00Tether90,953,421,967-0.01%45,077,420,20013.48%
2023-12-20 00:00:00Tether90,960,533,0510.03%39,721,557,89715.29%

Cryptocurrency Exchanges Volume and Variation

The analysis of the exchanges table highlights the trading volumes and variations across different exchanges. Traders can consider these metrics to assess liquidity and market depth on various platforms. Understanding the trading activities on different exchanges can assist in making informed trading decisions.

DateExchangeVolumeVariation
2023-12-22 00:00:00Binance344,046-7.17%
2023-12-21 00:00:00Binance370,6289.55%
2023-12-20 00:00:00Binance338,327-3.65%
2023-12-22 00:00:00Binance US606-1.46%
2023-12-21 00:00:00Binance US61539.46%
2023-12-20 00:00:00Binance US441-10.18%
2023-12-22 00:00:00Bitfinex5,131-20.45%
2023-12-21 00:00:00Bitfinex6,45042.45%
2023-12-20 00:00:00Bitfinex4,528-4.45%
2023-12-22 00:00:00Bybit62,506-5.92%
2023-12-21 00:00:00Bybit66,44217.23%
2023-12-20 00:00:00Bybit56,675-2.88%
2023-12-22 00:00:00Coinbase59,913-11.19%
2023-12-21 00:00:00Coinbase67,46237.79%
2023-12-20 00:00:00Coinbase48,961-8.80%
2023-12-22 00:00:00Crypto.com28,489-7.08%
2023-12-21 00:00:00Crypto.com30,66113.44%
2023-12-20 00:00:00Crypto.com27,029-6.82%
2023-12-22 00:00:00Gate.io39,54312.27%
2023-12-21 00:00:00Gate.io35,220-5.38%
2023-12-20 00:00:00Gate.io37,223-4.49%
2023-12-22 00:00:00Kraken26,067-4.18%
2023-12-21 00:00:00Kraken27,20411.37%
2023-12-20 00:00:00Kraken24,4270.28%
2023-12-22 00:00:00KuCoin26,231-5.02%
2023-12-21 00:00:00KuCoin27,61620.86%
2023-12-20 00:00:00KuCoin22,849-10.91%
2023-12-22 00:00:00OKX63,007-5.96%
2023-12-21 00:00:00OKX66,99812.57%
2023-12-20 00:00:00OKX59,519-10.30%

Mining – Blockchain Technology

The mining table sheds light on mining difficulty, block rewards, and hash rate, which collectively reflect the computational power and activities in the cryptocurrency mining community. These indicators provide insights into the competitiveness and evolving landscape of mining operations.

Item2023-12-222023-12-212023-12-202023-12-192023-12-182023-12-172023-12-16
Difficulty67,31T67,31T67,31T67,31T67,31T67,31T67,31T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks822,31K822,16K822,02K821,85K821,69K821,54K821,38K
Blocks Variation0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Reward BTC6.256.256.256.256.256.256.25
Reward BTC Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Hash Rate GB488,49B481,79B542,02B555,40B498,52B508,56B545,36B
Hash Rate GB Variation1.39%-11.11%-2.41%11.41%-1.97%-6.75%11.64%

Conclusion

In summary, the cryptocurrency market is currently exhibiting a neutral sentiment with a slight upward trend. Positive keywords indicate a strong interest in Bitcoin, Ethereum, and Solana, while negative keywords highlight concerns related to fraud and unstable prices. The fear and greed indicators suggest a prevailing sentiment of greed, which traders should approach cautiously. Economic events and market indicators play a crucial role in influencing market behavior. The prices, market capitalizations, and exchanges tables provide valuable insights into the performance and trading activities of major cryptocurrencies and platforms. Additionally, mining indicators offer a glimpse into the computational mining capacity of the network. Considering these factors, traders should remain vigilant and stay informed about the ever-evolving cryptocurrency market.

So What

The current state of the cryptocurrency market has practical implications for investors and traders. Understanding the sentiments and trends in the market can help shape investment strategies and risk management approaches. Monitoring keywords, fear and greed indicators, economic events, and market performance metrics allows investors to make informed decisions and navigate the volatile cryptocurrency landscape.

What next?

Looking ahead, the cryptocurrency market is expected to continue its current trend in the near future, following the analysis of market indicators and sentiments. However, volatility is likely to persist, given the dynamic nature of the market. Traders should closely monitor key events, regulatory developments, and market dynamics to anticipate potential opportunities and risks. It is important to employ robust risk management strategies and stay updated with the latest news and market trends to thrive 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.

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