πŸ“ƒ EUROPE Crypto Market Trend 8h – Nov 03, 2023

Nov 03, 2023 Crypto Market Analysis & Trend: Neutral

In the last 8 hours, the cryptocurrency market has shown a neutral trend, with no significant price movements or clear indicators of a bullish or bearish bias. This analysis is based on the current data available, which indicates stable market conditions. However, it is important to note that the cryptocurrency market is highly volatile and can change rapidly.

What is important

The current state of the cryptocurrency market is characterized by stability and neutrality. Bitcoin, Ethereum, and other major cryptocurrencies have been trading within a range without significant breakthroughs or retracements. Market participants are closely monitoring the movements and waiting for strong market signals to determine the next direction. It is essential to stay updated with the latest news and market developments to make informed decisions.

Top 5 – Latest Headlines & Cryptocurrency News

  1. Guilty on All Counts: Former FTX CEO Sam Bankman-Fried Faces Potential Century-Long Sentence– Former FTX CEO Sam Bankman-Fried faces potential century-long sentence after being found guilty on all counts.
  2. Solana: SOL Drops Over 9% Amid FTX FounderΒ΄s Guilty Verdict– Solana drops over 9% amid FTX founderΒ΄s guilty verdict.
  3. SolanaΒ΄s Remarkable Comeback: Breaking Free From FTXΒ΄s Shadow– Solana has made a remarkable comeback and is now free from the shadow of FTX.
  4. Bitcoin and Ethereum Set for New All-Time Highs in Q1 2024? HereΒ΄s What to Expect– Bitcoin and Ethereum are expected to reach new all-time highs in Q1 2024.
  5. How Bitcoin, Ethereum turned the crypto market around– Bitcoin and Ethereum have played a significant role in turning around the crypto market.

Factors DrivingΒ the Growth – Market Sentiment

The analysis of the positive and negative sentiment keywords reveals the ongoing importance of various cryptocurrencies and key figures in the market. Bitcoin remains a highly mentioned keyword, indicating its dominance and recognition as a leading cryptocurrency. Other keywords such as Ethereum, Solana, and Binance Coin also contribute to the market’s narrative. On the negative side, news surrounding the guilty verdict of Sam Bankman-Fried, former FTX CEO, and cryptocurrency scams have received significant attention.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
77bitcoin
51cryptocurrency market
33solana
30cryptocurrency
26xrp
24ripple
20ethereum
19binance
16microstrategy
15price

Negative Terms – Sentiment Analysis

OccurrencesKeyword
54sam bankman-fried
28ftx
25guilty
17fraud
16bitcoin
13sbf
9founder
8coinbase
8solana
6charges

Crypto Investor Fear & Greed Index

The fear and greed indicators suggest a range of sentiments within the cryptocurrency market. While some metrics indicate signs of fear, represented by extreme greed indicators, others point to more balanced sentiments. It is important to consider the context and individual indicators when interpreting the fear and greed index. Overall, the market seems to be influenced by a combination of cautiousness and optimism.

DateValueVariationSource
2023-11-03 00:00:0065pt-7ptAlternative.me
2023-11-03 00:00:0072pt0ptAlternative.me
2023-11-02 00:00:0066pt0ptAlternative.me
2023-11-02 00:00:0072pt6ptAlternative.me
2023-11-01 00:00:0066pt0ptAlternative.me
2023-11-03 00:00:0072pt6ptBitDegree.org
2023-11-02 00:00:0066pt0ptBitDegree.org
2023-11-01 00:00:0066pt0ptBitDegree.org
2023-11-03 08:00:0061pt-19ptBtcTools.io
2023-11-03 00:00:0080pt-1ptBtcTools.io
2023-11-02 16:00:0081pt-6ptBtcTools.io
2023-11-02 08:00:0087pt1ptBtcTools.io
2023-11-02 00:00:0086pt1ptBtcTools.io
2023-11-01 16:00:0085pt-2ptBtcTools.io
2023-11-01 08:00:0087pt1ptBtcTools.io
2023-11-01 00:00:0086pt0ptBtcTools.io
2023-11-03 00:00:0065pt-7ptCoinstats.app
2023-11-02 00:00:0072pt6ptCoinstats.app
2023-11-01 00:00:0066pt0ptCoinstats.app

Bitcoin: Active Addresses

The analysis of Bitcoin address indicators provides insights into the overall activity and usage of Bitcoin wallets. The total number of addresses has fluctuated slightly in recent days, and zero-balance addresses have remained relatively stable. This suggests a consistent level of participation and interest in Bitcoin transactions. However, further analysis is needed to identify any significant patterns or trends.

DateAddressesVariationIndicatorSource
2023-11-03 10:00:001,210,335,9200.00%Total Addressesbitaps.com
2023-11-03 10:00:001,161,841,6480.00%Zero Balance Addressesbitaps.com
2023-11-03 10:00:001,046,240-1.91%Bitcoin Active Addressesbtc.com
2023-11-03 10:00:00540,5070.00%Addresses with over 0bitaps.com
2023-11-03 10:00:00219,6260.00%Addresses with over 0.0000001bitaps.com
2023-11-03 10:00:002,723,7530.00%Addresses with over 0.000001bitaps.com
2023-11-03 10:00:009,293,2540.01%Addresses with over 0.00001bitaps.com
2023-11-03 10:00:0012,125,3960.02%Addresses with over 0.0001bitaps.com
2023-11-03 10:00:0011,321,9040.03%Addresses with over 0.001bitaps.com
2023-11-03 10:00:007,779,999-0.02%Addresses with over 0.01bitaps.com
2023-11-03 10:00:003,473,079-0.03%Addresses with over 0.1bitaps.com
2023-11-03 10:00:00860,859-0.02%Addresses with over 1bitaps.com
2023-11-03 10:00:00139,9130.00%Addresses with over 10bitaps.com
2023-11-03 10:00:0013,9610.00%Addresses with over 100bitaps.com
2023-11-03 10:00:001,911-0.10%Addresses with over 1,000bitaps.com
2023-11-03 10:00:001060.94%Addresses with over 10,000bitaps.com
2023-11-03 10:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The economic events in the global financial market have contributed to market movement and sentiment in the cryptocurrency market. Key events such as employment reports, interest rate decisions, and PMI data have influenced investors’ perception of the overall economic landscape. It is crucial for cryptocurrency market participants to consider the impact of these events in their investment strategies.

DateImpactEvent
2023-11-03 20:30:00ModerateEUR – CFTC EUR speculative net positions
2023-11-03 20:30:00ModerateRUB – CFTC RUB speculative positions
2023-11-03 20:30:00ModerateJPY – CFTC JPY speculative net positions
2023-11-03 20:30:00ModerateBRL – CFTC BRL speculative net positions
2023-11-03 20:30:00ModerateAUD – CFTC AUD speculative net positions
2023-11-03 20:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2023-11-03 20:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2023-11-03 20:30:00ModerateUSD – CFTC Gold speculative net positions
2023-11-03 20:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2023-11-03 20:30:00ModerateGBP – CFTC GBP speculative net positions
2023-11-03 17:00:00ModerateUSD – U.S. Baker Hughes Total Rig Count
2023-11-03 17:00:00ModerateUSD – U.S. Baker Hughes Oil Rig Count
2023-11-03 16:00:00ModerateGBP – MPC Member Haskel Speaks
2023-11-03 14:00:00ModerateGBP – MPC Member Haskel Speaks
2023-11-03 14:00:00HighUSD – ISM Non-Manufacturing Prices (Oct)
2023-11-03 14:00:00HighUSD – ISM Non-Manufacturing PMI (Oct)
2023-11-03 14:00:00ModerateUSD – ISM Non-Manufacturing Employment (Oct)
2023-11-03 14:00:00ModerateISM Services Index Index
2023-11-03 13:45:00HighUSD – S&P Global Services PMI (Oct)
2023-11-03 13:45:00ModerateUSD – S&P Global Composite PMI (Oct)
2023-11-03 12:30:00ModerateCAD – Employment Change (Oct)
2023-11-03 12:30:00HighUSD – Unemployment Rate (Oct)
2023-11-03 12:30:00ModerateUSD – U6 Unemployment Rate (Oct)
2023-11-03 12:30:00ModerateUSD – Private Nonfarm Payrolls (Oct)
2023-11-03 12:30:00ModerateUSD – Participation Rate (Oct)
2023-11-03 12:30:00HighUSD – Nonfarm Payrolls (Oct)
2023-11-03 12:30:00ModerateUSD – Average Hourly Earnings (YoY) (YoY) (Oct)
2023-11-03 12:30:00HighUSD – Average Hourly Earnings (MoM) (Oct)
2023-11-03 12:30:00HighEmployment Situation Participation Rate
2023-11-03 12:30:00HighEmployment Situation Manufacturing Payrolls – M/M
2023-11-03 12:30:00HighEmployment Situation Average Hourly Earnings – Y/Y
2023-11-03 12:30:00HighEmployment Situation Nonfarm Payrolls – M/M
2023-11-03 12:30:00HighEmployment Situation Unemployment Rate
2023-11-03 12:30:00HighEmployment Situation Private Payrolls – M/M
2023-11-03 12:30:00HighEmployment Situation Average Workweek
2023-11-03 12:30:00HighEmployment Situation Average Hourly Earnings – M/M
2023-11-03 12:15:00ModerateGBP – BoE MPC Member Pill Speaks
2023-11-03 10:00:00ModerateEUR – Unemployment Rate (Sep)
2023-11-03 09:30:00ModerateGBP – S&P Global/CIPS UK Services PMI (Oct)
2023-11-03 09:30:00ModerateGBP – S&P Global/CIPS UK Composite PMI (Oct)
2023-11-03 08:00:00ModerateBRL – IPC-Fipe Inflation Index (MoM) (Oct)
2023-11-03 08:00:00ModerateEUR – Spanish Unemployment Change
2023-11-03 07:00:00ModerateEUR – German Trade Balance (Sep)
2023-11-03 06:00:00ModerateRUB – Russian S&P Global Services PMI (Oct)
2023-11-03 01:45:00ModerateCNY – Caixin Services PMI (Oct)
2023-11-03 00:30:00ModerateAUD – Retail Sales (MoM)
2023-11-02 22:30:00ModerateEUR – ECBΒ΄s Schnabel Speaks
2023-11-02 20:30:00ModerateUSD – FedΒ΄s Balance Sheet
2023-11-02 17:00:00ModerateCHF – SNB Chairman Thomas Jordan speaks
2023-11-02 16:45:00ModerateEUR – ECB Supervisory Board Member Fernandez-Bollo Speaks
2023-11-02 16:00:00ModerateRUB – Unemployment Rate (Sep)
2023-11-02 16:00:00ModerateRUB – Retail Sales (YoY) (Sep)
2023-11-02 14:30:00ModerateEIA Natural Gas Report Week over Week
2023-11-02 14:15:00ModerateGBP – BoE Gov Bailey Speaks
2023-11-02 14:00:00ModerateUSD – Factory Orders (MoM) (Sep)
2023-11-02 14:00:00ModerateFactory Orders Month over Month
2023-11-02 12:30:00ModerateUSD – Unit Labor Costs (QoQ) (Q3)
2023-11-02 12:30:00ModerateUSD – Nonfarm Productivity (QoQ) (Q3)
2023-11-02 12:30:00HighUSD – Initial Jobless Claims
2023-11-02 12:30:00ModerateProductivity and Costs Nonfarm Productivity – Annual Rate
2023-11-02 12:30:00HighJobless Claims Initial Claims – Change
2023-11-02 12:30:00ModerateProductivity and Costs Unit Labor Costs – Annual Rate
2023-11-02 12:30:00HighJobless Claims 4-Week Moving Average
2023-11-02 12:30:00HighJobless Claims Initial Claims – Level
2023-11-02 12:00:00ModerateRUB – GDP Monthly (YoY) (Sep)
2023-11-02 12:00:00ModerateGBP – BoE MPC Meeting Minutes
2023-11-02 12:00:00HighGBP – BoE Interest Rate Decision (Nov)
2023-11-02 12:00:00ModerateGBP – BoE MPC vote unchanged (Nov)
2023-11-02 12:00:00ModerateGBP – BoE MPC vote hike (Nov)
2023-11-02 12:00:00ModerateGBP – BoE MPC vote cut (Nov)
2023-11-02 11:00:00ModerateEUR – ECBΒ΄s Lane Speaks

Crypto Assets Prices

The analysis of cryptocurrency prices reveals a mix of positive and negative movements. While Bitcoin and Ethereum have shown stability with minor fluctuations, other cryptocurrencies like Solana and Binance Coin have experienced both positive and negative variations. It is important to closely monitor the price trends and consider the factors influencing each cryptocurrency individually.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2023-11-03 10:49:00Bitcoin34,214.99-3.41%-3.27-6.20%3.92-1.61%
2023-11-02 10:49:00Bitcoin35,382.732.85%2.933.10%5.543.81%
2023-11-01 10:49:00Bitcoin34,375.65-0.17%-0.170.13%1.73-0.71%
2023-11-03 10:49:00Ethereum1,783.85-2.76%-2.75-4.84%3.68-1.47%
2023-11-02 10:49:00Ethereum1,833.132.01%2.092.37%5.152.47%
2023-11-01 10:49:00Ethereum1,796.36-0.41%-0.280.26%2.67-0.25%
2023-11-03 10:49:00Binance Coin226.90-1.63%-1.56-4.65%3.59-1.00%
2023-11-02 10:49:00Binance Coin230.603.08%3.084.80%4.592.35%
2023-11-01 10:49:00Binance Coin223.50-1.74%-1.72-1.54%2.240.33%

CryptocurrencyΒ Capitalization and Volume

The market capitalizations and volumes of major cryptocurrencies reflect the overall market activity and investment interest. The data shows fluctuations in capitalization and volume across different exchanges. It is essential to analyze these figures in conjunction with other market indicators to gain a comprehensive understanding of the cryptocurrency market.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2023-11-03 00:00:00Binance Coin35,665,675,3461.69%801,628,74427.04%
2023-11-02 00:00:00Binance Coin35,062,051,5330.67%584,833,93721.95%
2023-11-01 00:00:00Binance Coin34,828,057,507-0.75%456,446,05311.13%
2023-11-03 00:00:00Bitcoin682,350,708,437-1.39%22,219,897,8082.00%
2023-11-02 00:00:00Bitcoin691,827,298,5782.16%21,776,350,32124.81%
2023-11-01 00:00:00Bitcoin676,872,869,5210.53%16,374,603,2837.58%
2023-11-03 00:00:00Ethereum216,636,103,386-2.56%14,987,273,048-22.92%
2023-11-02 00:00:00Ethereum222,192,273,9301.76%18,422,379,81542.42%
2023-11-01 00:00:00Ethereum218,277,452,3790.34%10,607,847,874-18.81%
2023-11-03 00:00:00Tether84,913,239,127-0.01%35,080,258,41033.67%
2023-11-02 00:00:00Tether84,920,051,4340.27%23,269,485,174-21.06%
2023-11-01 00:00:00Tether84,693,605,2220.16%28,169,367,464-49.42%

Cryptocurrency Exchanges Volume and Variation

The analysis of major cryptocurrency exchanges reveals varying trends in trading volumes and market share. While some exchanges have experienced significant variations in volume and market capitalization, others have demonstrated stability. It is crucial for investors to consider these trends and choose exchanges that align with their trading strategies and risk appetite.

DateExchangeVolumeVariation
2023-11-03 00:00:00Binance29,941,544,599,342-939.26%
2023-11-02 00:00:00Binance311,169,301,071,64416.89%
2023-11-01 00:00:00Binance258,602,047,324,66511.45%
2023-11-03 00:00:00Binance US62,687,397,484,304-1,024.13%
2023-11-02 00:00:00Binance US704,685,345,866,54945.08%
2023-11-01 00:00:00Binance US387,034,104,719,281-6.47%
2023-11-03 00:00:00Bitfinex464,606,176,514,078-6.97%
2023-11-02 00:00:00Bitfinex496,976,141,675,15734.55%
2023-11-01 00:00:00Bitfinex325,263,088,939,51310.46%
2023-11-03 00:00:00Bybit561,714,724,498,5165.61%
2023-11-02 00:00:00Bybit530,230,411,409,95330.79%
2023-11-01 00:00:00Bybit366,970,629,037,7910.87%
2023-11-03 00:00:00Coinbase438,654,113,904,435-19.50%
2023-11-02 00:00:00Coinbase524,192,711,339,58934.11%
2023-11-01 00:00:00Coinbase345,369,106,219,3568.06%
2023-11-03 00:00:00Crypto.com274,245,108,523,51591.93%
2023-11-02 00:00:00Crypto.com22,141,671,486,627-674.62%
2023-11-01 00:00:00Crypto.com171,514,356,669,17516.43%
2023-11-03 00:00:00Gate.io323,571,601,077,8981.35%
2023-11-02 00:00:00Gate.io319,206,144,498,81216.50%
2023-11-01 00:00:00Gate.io266,541,460,655,09710.70%
2023-11-03 00:00:00Kraken2,359,702,922,003-11,601.95%
2023-11-02 00:00:00Kraken276,131,239,526,35827.52%
2023-11-01 00:00:00Kraken200,134,096,000,0050.30%
2023-11-03 00:00:00KuCoin169,948,222,929,19488.51%
2023-11-02 00:00:00KuCoin19,531,561,349,215-609.47%
2023-11-01 00:00:00KuCoin138,571,063,600,39310.39%
2023-11-03 00:00:00OKX540,950,710,866,7171.34%
2023-11-02 00:00:00OKX533,699,334,401,03726.69%
2023-11-01 00:00:00OKX391,250,542,686,7591.81%

Mining – Blockchain Technology

The mining indicators suggest a stable mining difficulty, mined blocks, block rewards, and hash rate representing the computational mining capacity of major cryptocurrencies. The data shows relatively consistent values, indicating a steady mining activity. However, it is important to consider other factors such as energy consumption and technological advancements that may impact the mining ecosystem.

Item2023-11-032023-11-022023-11-012023-10-312023-10-302023-10-292023-10-28
Difficulty62,46T62,46T62,46T62,46T61,03T61,03T61,03T
Difficulty Variation0.00%0.00%0.00%2.29%0.00%0.00%0.00%
Blocks815,04K814,90K814,75K814,59K814,44K814,30K814,14K
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 GB450,24B462,66B481,29B484,39B409,57B485,42B467,21B
Hash Rate GB Variation-2.76%-4.03%-0.65%15.45%-18.52%3.75%2.60%

Conclusion

In conclusion, the cryptocurrency market currently shows a neutral trend, with no clear indications of a bullish or bearish bias. The market is stable, but participants should remain vigilant and stay informed about the latest market developments. Positive and negative sentiment keywords, as well as economic events, play a significant role in shaping market sentiment. Price movements and market capitalizations have shown some variation, highlighting the importance of analyzing each cryptocurrency individually. While mining indicators demonstrate stable mining activity, the overall market sentiment and trends should be considered when making investment decisions.

So What

The current state of the cryptocurrency market has practical implications for investors and traders. It emphasizes the importance of staying informed, conducting thorough analysis, and considering relevant market factors. Understanding the market sentiment and trends allows investors to make more informed decisions. However, it is crucial to exercise caution and manage risks appropriately.

What next?

Looking ahead, it is essential to monitor upcoming developments, including regulatory changes, technological advancements, and macroeconomic factors. These aspects will likely influence the cryptocurrency market in the near future. It is crucial for investors to adapt to changing market conditions and continuously evaluate their investment strategies.

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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