Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market has exhibited a neutral trend in the past 24 hours, with a slight upward bias. Bitcoin, the leading cryptocurrency, has maintained a steady price range, showing resilience despite minor fluctuations. Evidence suggests that the market is gradually gaining momentum, with positive sentiment surrounding key cryptocurrencies such as Ethereum and Binance Coin. Although the market remains relatively stable, it is important to understand the underlying dynamics driving these trends.
What is important
The current state of the cryptocurrency market highlights several important factors. Firstly, Bitcoin continues to dominate the market as the largest cryptocurrency, driving overall market sentiment and investor confidence. Additionally, the positive performance indicators of Ethereum and Binance Coin demonstrate growing interest in altcoins. It is essential to monitor the market capitalizations, trading volumes, and mining trends as they provide valuable insights into the overall health of the cryptocurrency market. Lastly, economic events, such as the impact of economic data releases and global financial indicators, should be closely followed to gauge the market’s reaction and potential opportunities.
Top 5 – Latest Headlines & Cryptocurrency News
👍 MicroStrategy bags 5.2K Bitcoin at average BTC price of $106K
– MicroStrategy purchases 5,200 Bitcoin at an average price of $106k per BTC.
👍 Bitcoin price prediction: BTC headed to $168K? Mayer Multiple says it might be
– Bitcoin price predicted to reach $168k based on Mayer Multiple.
👍 Dogecoin Price Roadmap To $0.75 ATH: Why The Next Wave Is Bearish And Could Drop To $0.15
– The article discusses the potential for Dogecoin to reach $0.75 and provides a roadmap for its price.
👎 Bitcoin extends losses as traders see sub-$90K BTC price support test
– Bitcoin extends losses, traders sub $90K BTC price support.
👍 Ethereum Price Attempts a Comeback: Is a Rebound Imminent?
– Ethereum is predicted to make a comeback, with a target price of $3,250.
Factors Driving the Growth – Market Sentiment
The analysis of positive and negative sentiment keywords indicates a general positive sentiment towards major cryptocurrencies like Bitcoin, Dogecoin, Ethereum, and Binance Coin. However, it is important to note a slight negative sentiment towards Bitcoin due to recent price fluctuations and the market’s resistance at the sub-$90k support level.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 20 | bitcoin |
| 13 | dogecoin |
| 12 | ethereum |
| 10 | cryptocurrency market |
| 10 | microstrategy |
| 8 | altcoins |
| 6 | cardano |
| 6 | cryptocurrency |
| 6 | price |
| 6 | shiba inu |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 14 | bitcoin |
| 5 | cryptocurrency market |
| 5 | price |
| 3 | scammers |
| 2 | btc |
| 2 | crash |
| 2 | hyperliquid |
| 2 | hyperliquid security |
| 2 | investors |
| 2 | lawsuit |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators table shows a range of fear and greed levels among different sources. However, it is crucial to note that these indicators are subjective and may not accurately reflect the overall sentiment of the market. Investors should consider multiple indicators and factors when assessing market sentiment and making investment decisions.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-12-24 00:00:00 | 70pt | 0pt | Alternative.me |
| 2024-12-24 00:00:00 | 73pt | 3pt | Alternative.me |
| 2024-12-23 00:00:00 | 70pt | -3pt | Alternative.me |
| 2024-12-23 00:00:00 | 73pt | 0pt | Alternative.me |
| 2024-12-22 00:00:00 | 73pt | 0pt | Alternative.me |
| 2024-12-24 00:00:00 | 70pt | 0pt | Binance.com |
| 2024-12-24 00:00:00 | 73pt | 3pt | Binance.com |
| 2024-12-23 00:00:00 | 70pt | -3pt | Binance.com |
| 2024-12-23 00:00:00 | 73pt | 0pt | Binance.com |
| 2024-12-22 00:00:00 | 73pt | 0pt | Binance.com |
| 2024-12-24 00:00:00 | 70pt | -3pt | BitDegree.org |
| 2024-12-23 00:00:00 | 73pt | 0pt | BitDegree.org |
| 2024-12-22 00:00:00 | 73pt | 0pt | BitDegree.org |
| 2024-12-24 00:00:00 | 44pt | 6pt | BtcTools.io |
| 2024-12-23 16:00:00 | 38pt | 1pt | BtcTools.io |
| 2024-12-23 08:00:00 | 37pt | 1pt | BtcTools.io |
| 2024-12-23 00:00:00 | 36pt | -3pt | BtcTools.io |
| 2024-12-22 16:00:00 | 39pt | 2pt | BtcTools.io |
| 2024-12-22 00:00:00 | 37pt | 1pt | BtcTools.io |
| 2024-12-21 16:00:00 | 36pt | -1pt | BtcTools.io |
| 2024-12-21 08:00:00 | 37pt | 0pt | BtcTools.io |
| 2024-12-24 00:00:00 | 54pt | -5pt | Coinstats.app |
| 2024-12-24 00:00:00 | 59pt | 0pt | Coinstats.app |
| 2024-12-23 00:00:00 | 59pt | -3pt | Coinstats.app |
| 2024-12-23 00:00:00 | 62pt | 0pt | Coinstats.app |
| 2024-12-22 00:00:00 | 62pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The Bitcoin Address Indicators indicate a steady increase in the number of active addresses, reflecting ongoing growth and adoption of Bitcoin. The dataset also showcases various thresholds for wallet addresses based on balance values, emphasizing the size and distribution of Bitcoin holdings within the cryptocurrency ecosystem.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-12-24 07:00:00 | 1,356,533,971 | 0.00% | Total Addresses | bitaps.com |
| 2024-12-24 07:00:00 | 1,303,819,709 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-12-24 07:00:00 | 807,188 | -0.47% | Bitcoin Active Addresses | btc.com |
| 2024-12-24 07:00:00 | 540,522 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-12-24 07:00:00 | 219,224 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-12-24 07:00:00 | 4,041,609 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-12-24 07:00:00 | 10,848,628 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-12-24 07:00:00 | 13,019,600 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-12-24 07:00:00 | 11,673,673 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-12-24 07:00:00 | 7,905,640 | -0.02% | Addresses with over 0.01 | bitaps.com |
| 2024-12-24 07:00:00 | 3,473,471 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-12-24 07:00:00 | 839,789 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-12-24 07:00:00 | 134,392 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-12-24 07:00:00 | 15,658 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-12-24 07:00:00 | 1,960 | -0.05% | Addresses with over 1,000 | bitaps.com |
| 2024-12-24 07:00:00 | 92 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-12-24 07:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The Economic Events table highlights important economic indicators and events that have the potential to impact the cryptocurrency market. Investors should pay attention to announcements related to GDP, durable goods orders, new home sales, and monetary policy meetings as they may influence market sentiment and trigger price movements.
| Date | Impact | Event |
|---|---|---|
| 2024-12-24 21:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-12-24 18:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q4) |
| 2024-12-24 18:00:00 | Moderate | USD – 5-Year Note Auction |
| 2024-12-24 15:00:00 | High | USD – New Home Sales (Nov) |
| 2024-12-24 15:00:00 | Moderate | USD – New Home Sales (MoM) (Nov) |
| 2024-12-24 15:00:00 | High | New Home Sales Annual Rate |
| 2024-12-24 13:30:00 | High | USD – Durable Goods Orders (MoM) (Nov) |
| 2024-12-24 13:30:00 | Moderate | USD – Core Durable Goods Orders (MoM) (Nov) |
| 2024-12-24 13:30:00 | High | Durable Goods Orders Ex-Transportation – M/M |
| 2024-12-24 13:30:00 | High | Durable Goods Orders New Orders – M/M |
| 2024-12-24 13:30:00 | High | Durable Goods Orders Core Capital Goods – M/M |
| 2024-12-24 05:00:00 | Moderate | JPY – BoJ Core CPI (YoY) |
| 2024-12-24 00:30:00 | Moderate | AUD – RBA Meeting Minutes |
| 2024-12-23 23:50:00 | Moderate | JPY – Monetary Policy Meeting Minutes |
| 2024-12-23 18:00:00 | Moderate | USD – 2-Year Note Auction |
| 2024-12-23 15:00:00 | High | New Home Sales Annual Rate |
| 2024-12-23 15:00:00 | High | USD – New Home Sales (Nov) |
| 2024-12-23 15:00:00 | Moderate | USD – New Home Sales (MoM) (Nov) |
| 2024-12-23 15:00:00 | High | Consumer Confidence Index |
| 2024-12-23 15:00:00 | High | USD – CB Consumer Confidence (Dec) |
| 2024-12-23 14:30:00 | Moderate | USD – Building Permits (Nov) |
| 2024-12-23 13:31:00 | Moderate | CAD – GDP (MoM) (Nov) |
| 2024-12-23 13:30:00 | High | Durable Goods Orders Core Capital Goods – M/M |
| 2024-12-23 13:30:00 | High | Durable Goods Orders New Orders – M/M |
| 2024-12-23 13:30:00 | High | Durable Goods Orders Ex-Transportation – M/M |
| 2024-12-23 13:30:00 | High | USD – Durable Goods Orders (MoM) (Nov) |
| 2024-12-23 13:30:00 | Moderate | USD – Core Durable Goods Orders (MoM) (Nov) |
| 2024-12-23 13:30:00 | Moderate | CAD – RMPI (MoM) (Nov) |
| 2024-12-23 13:30:00 | Moderate | CAD – GDP (MoM) (Oct) |
| 2024-12-23 08:00:00 | Moderate | EUR – Spanish GDP (QoQ) (Q3) |
Crypto Assets Prices
The Prices table provides insights into the recent price movements and volatility of major cryptocurrencies. Bitcoin’s price has shown slight variations, while Ethereum and Binance Coin have exhibited more significant price fluctuations. It is important for investors to consider these price trends and changes in assessing risk and potential investment opportunities.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-12-24 07:36:00 | Bitcoin | 94,155.99 | -1.25% | -1.31 | -0.40% | 4.34 | 0.45% |
| 2024-12-23 07:36:00 | Bitcoin | 95,334.33 | -1.08% | -0.91 | 1.80% | 3.90 | 0.46% |
| 2024-12-22 07:36:00 | Bitcoin | 96,360.00 | -2.79% | -2.71 | -3.95% | 3.44 | -3.97% |
| 2024-12-23 07:36:00 | Ethereum | 3,296.29 | -1.08% | -1.09 | 4.35% | 5.78 | -1.33% |
| 2024-12-22 07:36:00 | Ethereum | 3,331.83 | -6.44% | -5.44 | -10.04% | 7.12 | -7.46% |
| 2024-12-24 07:36:00 | Binance Coin | 692.37 | 4.37% | 4.57 | 4.05% | 5.56 | 0.61% |
| 2024-12-23 07:36:00 | Binance Coin | 662.11 | 0.51% | 0.53 | 4.91% | 4.95 | -1.16% |
| 2024-12-22 07:36:00 | Binance Coin | 658.71 | -4.96% | -4.39 | -7.16% | 6.11 | -5.96% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table showcases the total market capitalization and trading volumes of major cryptocurrencies. Bitcoin remains the dominant cryptocurrency, followed by Ethereum and Binance Coin. The data suggests relative stability and interest in altcoins as evidenced by positive capitalization variations and trading volumes.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-12-24 00:00:00 | Binance Coin | 101,201,832,196 | 6.97% | 1,969,173,501 | 73.46% |
| 2024-12-23 00:00:00 | Binance Coin | 94,610,244,428 | -2.14% | 1,135,201,112 | -30.43% |
| 2024-12-22 00:00:00 | Binance Coin | 96,677,672,463 | -2.31% | 1,631,680,254 | -40.10% |
| 2024-12-24 00:00:00 | Bitcoin | 1,876,419,606,928 | -0.35% | 68,118,447,763 | 59.53% |
| 2024-12-23 00:00:00 | Bitcoin | 1,883,008,941,039 | -2.17% | 42,698,944,766 | -13.94% |
| 2024-12-22 00:00:00 | Bitcoin | 1,924,821,920,759 | -0.58% | 49,613,664,037 | -45.99% |
| 2024-12-24 00:00:00 | Ethereum | 411,741,706,437 | 4.30% | 36,019,149,187 | 39.80% |
| 2024-12-23 00:00:00 | Ethereum | 394,753,995,285 | -1.82% | 25,764,576,496 | -18.79% |
| 2024-12-22 00:00:00 | Ethereum | 402,074,239,670 | -3.90% | 31,725,396,028 | -56.39% |
| 2024-12-24 00:00:00 | Tether | 139,716,325,492 | -0.02% | 98,539,308,650 | 112.99% |
| 2024-12-23 00:00:00 | Tether | 139,742,504,425 | -0.04% | 46,264,937,430 | -40.47% |
| 2024-12-22 00:00:00 | Tether | 139,801,325,952 | -0.56% | 77,710,642,829 | -55.12% |
Cryptocurrency Exchanges Volume and Variation
The Exchanges table highlights the total trading volume across major cryptocurrency exchanges. Binance and Binance US continue to lead in terms of trading volume, followed by Bitfinex, Bybit, Coinbase, and other popular exchanges. The data reflects the significant role of these exchanges in facilitating cryptocurrency trading and market liquidity.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-12-24 00:00:00 | Binance | 278,546 | 36.55% |
| 2024-12-23 00:00:00 | Binance | 203,988 | -22.93% |
| 2024-12-22 00:00:00 | Binance | 264,687 | -47.98% |
| 2024-12-24 00:00:00 | Binance US | 196 | 29.80% |
| 2024-12-23 00:00:00 | Binance US | 151 | -12.21% |
| 2024-12-22 00:00:00 | Binance US | 172 | -38.57% |
| 2024-12-24 00:00:00 | Bitfinex | 4,377 | 66.93% |
| 2024-12-23 00:00:00 | Bitfinex | 2,622 | 3.03% |
| 2024-12-22 00:00:00 | Bitfinex | 2,545 | -75.85% |
| 2024-12-24 00:00:00 | Bybit | 77,995 | 21.88% |
| 2024-12-23 00:00:00 | Bybit | 63,991 | -16.51% |
| 2024-12-22 00:00:00 | Bybit | 76,648 | -39.61% |
| 2024-12-24 00:00:00 | Coinbase | 54,433 | 80.61% |
| 2024-12-23 00:00:00 | Coinbase | 30,139 | -21.43% |
| 2024-12-22 00:00:00 | Coinbase | 38,359 | -61.65% |
| 2024-12-24 00:00:00 | Crypto.com | 160,074 | 57.43% |
| 2024-12-23 00:00:00 | Crypto.com | 101,680 | -6.47% |
| 2024-12-22 00:00:00 | Crypto.com | 108,712 | -51.40% |
| 2024-12-24 00:00:00 | Gate.io | 48,519 | 21.64% |
| 2024-12-23 00:00:00 | Gate.io | 39,887 | -27.84% |
| 2024-12-22 00:00:00 | Gate.io | 55,276 | -48.41% |
| 2024-12-24 00:00:00 | Kraken | 15,416 | 101.41% |
| 2024-12-23 00:00:00 | Kraken | 7,654 | -26.18% |
| 2024-12-22 00:00:00 | Kraken | 10,369 | -62.33% |
| 2024-12-24 00:00:00 | KuCoin | 16,217 | 21.82% |
| 2024-12-23 00:00:00 | KuCoin | 13,312 | -9.01% |
| 2024-12-22 00:00:00 | KuCoin | 14,630 | -42.83% |
| 2024-12-24 00:00:00 | OKX | 46,674 | 37.92% |
| 2024-12-23 00:00:00 | OKX | 33,841 | -31.73% |
| 2024-12-22 00:00:00 | OKX | 49,570 | -50.77% |
Mining – Blockchain Technology
The Mining table provides insights into mining difficulty, blocks, block rewards, and hash rate. The data indicates a consistent mining difficulty level and block generation, which further contributes to the security and stability of major cryptocurrencies.
| Item | 2024-12-24 | 2024-12-23 | 2024-12-22 | 2024-12-21 | 2024-12-20 | 2024-12-19 | 2024-12-18 |
|---|---|---|---|---|---|---|---|
| Difficulty | 108.52T | 108.52T | 108.52T | 108.52T | 108.52T | 108.52T | 108.52T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 876.10K | 875.96K | 875.80K | 875.66K | 875.51K | 875.36K | 875.22K |
| 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 | 744.57B | 842.86B | 783.36B | 814.86B | 783.36B | 771.69B | 739.84B |
| Hash Rate GB Variation | -11.66% | 7.59% | -3.87% | 4.02% | 1.51% | 4.30% | -6.83% |
Conclusion
In conclusion, the cryptocurrency market has exhibited a neutral to trending up trend in the past 24 hours. Bitcoin remains the dominant player with steady price movements. Ethereum and Binance Coin have shown more significant price fluctuations, capturing investors’ attention. Economic events and market capitalizations provide additional insights into the market’s overall health. It is crucial to monitor these factors while considering various indicators and data sources to make informed investment decisions.
So What
The current state of the cryptocurrency market implies opportunities for both short-term and long-term investors. The positive sentiment surrounding major cryptocurrencies suggests continued interest and potential for growth. However, caution should be exercised due to potential price fluctuations and market uncertainties.
What next?
Looking ahead, investors can expect continued market volatility and potential price movements in the cryptocurrency market. Factors such as economic events, developments in regulatory frameworks, and advancements in blockchain technology will shape the future landscape. Staying informed and conducting thorough research will be critical for identifying potential investment opportunities.
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.
