πŸ“ƒ Feb 03, 2025 – USA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Down

Over the past 24 hours, the cryptocurrency market has experienced a neutral to trending down trend. The evidence supporting this trend comes from the Prices table, which shows a significant dip in the prices of Bitcoin, Ethereum, and Binance Coin. Negative keywords such as ‘tariffs’ and ‘crash’ also dominate the news sentiment, suggesting a negative sentiment in the market. The Fear and Greed Indicators table further reflects a sentiment of fear and extreme fear, indicating caution among investors.

However, it is important to consider the volatility and unpredictability of the cryptocurrency market. While the current trend indicates a downward movement, it is crucial to analyze additional indicators and news developments to gain a comprehensive understanding of the market’s direction.

What is important

The current state of the cryptocurrency market is characterized by a neutral to trending down trend. Key factors impacting the market include tariff announcements by former US President Donald Trump and their potential impact on various cryptocurrencies. Additionally, the crash in prices of major cryptocurrencies like Bitcoin, Ethereum, and Binance Coin has contributed to the market sentiment. Traders and investors should closely monitor news related to tariffs and geopolitical developments, as these factors can significantly influence market dynamics. It is also important to consider the sentiment of fear and extreme fear indicated by the Fear and Greed Indicators, as it reflects cautious investor behavior.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘Ž Bitcoin slides toward $90,000 after Trump orders tariffs
– Bitcoin dips below $97,000 after Trump orders tariffs; smaller cryptocurrencies tumble.

πŸ‘Ž Despite Bitcoin Crash, Bitwise Predicts Β΄ViolentΒ΄ Surge Amid TrumpΒ΄s Tariffs
– Bitcoin crashes due to a violent surge caused by Trump tariffs.

πŸ‘Ž Why is crypto crashing today? Bitcoin, Ethereum, DOGE, and others sink as TrumpΒ΄s tariffs rattle markets
– The cryptocurrency market is crashing today, impacting Bitcoin, Ethereum, Dogecoin, and Trump tariffs.

πŸ‘ Dogecoin Struggles While Lightchain AI Gains Momentum with a Projected 40,000% Surge by 2025
– Dogecoin struggles while LightChain AI gains momentum with a projected 40,000% surge by 2025.

πŸ‘Ž Bitcoin and altcoins crash after TrumpΒ΄s tariff announcements spook investors
– The article discusses the impact of TrumpΒ΄s tariffs on the US cryptocurrency market, resulting in a selloff.

Factors DrivingΒ the Growth – Market Sentiment

The analysis of the Positive Keywords and Negative Keywords tables reveals a mixed sentiment in the cryptocurrency market. Positive keywords such as ‘surge,’ ‘crypto uprising,’ and ‘potential rise’ reflect optimism and potential opportunities. On the other hand, negative keywords such as ‘tariffs,’ ‘crash,’ and ‘liquidation’ indicate concerns and a negative sentiment due to recent market developments. It is essential to closely monitor these keywords and associated news to gauge market sentiment and make informed trading decisions.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
11bitcoin
7surge
6dogecoin
6xrp
52025
5cryptocurrency
5doge
4cryptocurrency market
4lightchain ai
4solana

Negative Terms – Sentiment Analysis

OccurrencesKeyword
34bitcoin
14ethereum
13cryptocurrency market
12dogecoin
9trump tariffs
8tariffs
7price
7trump
6trump’s tariffs
6xrp

Crypto Investor Fear & Greed Index

The Fear and Greed Indicators table showcases a predominant sentiment of fear and extreme fear in the cryptocurrency market. With fear levels hovering around the range of extreme fear, investors are displaying caution and hesitancy. The uncertainty surrounding geopolitical factors, such as former US President Trump’s tariff announcements, has contributed to this fear sentiment. It is important to stay updated with market developments and additional indicators to assess any potential shifts in sentiment.

DateValueVariationSource
2025-02-03 00:00:0044pt-16ptAlternative.me
2025-02-03 00:00:0060pt0ptAlternative.me
2025-02-02 00:00:0060pt-8ptAlternative.me
2025-02-02 00:00:0068pt0ptAlternative.me
2025-02-01 00:00:0068pt0ptAlternative.me
2025-02-03 00:00:0044pt-16ptBinance.com
2025-02-02 19:00:0060pt0ptBinance.com
2025-02-03 00:00:0060pt-8ptBitDegree.org
2025-02-02 00:00:0068pt0ptBitDegree.org
2025-02-01 00:00:0068pt0ptBitDegree.org
2025-02-03 08:00:0061pt-5ptBtcTools.io
2025-02-03 00:00:0066pt-3ptBtcTools.io
2025-02-02 16:00:0069pt3ptBtcTools.io
2025-02-02 08:00:0066pt3ptBtcTools.io
2025-02-02 00:00:0063pt1ptBtcTools.io
2025-02-01 16:00:0062pt2ptBtcTools.io
2025-02-01 08:00:0060pt-3ptBtcTools.io
2025-02-01 00:00:0063pt2ptBtcTools.io
2025-01-31 16:00:0061pt0ptBtcTools.io
2025-02-03 00:00:0047pt-3ptCoinstats.app
2025-02-03 00:00:0050pt0ptCoinstats.app
2025-02-02 06:00:0050pt-4ptCoinstats.app
2025-02-02 00:00:0054pt0ptCoinstats.app
2025-02-01 00:00:0054pt0ptCoinstats.app

Bitcoin: Active Addresses

The Bitcoin Address Indicators table provides insights into the number of active addresses and wallet balances. While the dataset does not show significant variations in the number of active addresses, the variation in wallet balances is marginal. It suggests that the Bitcoin network continues to witness consistent wallet utilization, which is a positive indicator for network activity. It is vital to track these indicators over time to understand ongoing trends and gauge investor participation in the Bitcoin network.

DateAddressesVariationIndicatorSource
2025-02-03 14:00:001,369,646,2580.00%Total Addressesbitaps.com
2025-02-03 14:00:001,317,023,8240.00%Zero Balance Addressesbitaps.com
2025-02-03 14:00:00823,1321.03%Bitcoin Active Addressesbtc.com
2025-02-03 14:00:00540,3040.00%Addresses with over 0bitaps.com
2025-02-03 14:00:00219,2230.00%Addresses with over 0.0000001bitaps.com
2025-02-03 14:00:004,005,9970.00%Addresses with over 0.000001bitaps.com
2025-02-03 14:00:0010,803,988-0.01%Addresses with over 0.00001bitaps.com
2025-02-03 14:00:0013,149,485-0.01%Addresses with over 0.0001bitaps.com
2025-02-03 14:00:0011,549,148-0.01%Addresses with over 0.001bitaps.com
2025-02-03 14:00:007,892,7490.00%Addresses with over 0.01bitaps.com
2025-02-03 14:00:003,469,6770.00%Addresses with over 0.1bitaps.com
2025-02-03 14:00:00839,5630.00%Addresses with over 1bitaps.com
2025-02-03 14:00:00134,442-0.01%Addresses with over 10bitaps.com
2025-02-03 14:00:0015,7880.01%Addresses with over 100bitaps.com
2025-02-03 14:00:001,9740.00%Addresses with over 1,000bitaps.com
2025-02-03 14:00:00920.00%Addresses with over 10,000bitaps.com
2025-02-03 14:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The Economic Events table highlights important events that influence the global financial market. Moderate to high impact events, such as manufacturing PMIs, CPI releases, and GDP forecasts, can significantly impact the cryptocurrency market. Traders and investors should closely follow these economic events as they shed light on the broader market sentiment and potential trends in the cryptocurrency industry.

DateImpactEvent
2025-02-04 15:00:00ModerateFactory Orders Month over Month
2025-02-04 15:00:00ModerateJOLTS Job Openings
2025-02-04 00:00:00ModerateMotor Vehicle Sales Total Vehicle Sales – Annual Rate
2025-02-04 00:00:00ModerateMotor Vehicle Sales North American-Made Sales – Annual Rate
2025-02-03 18:00:00ModerateUSD – Atlanta Fed GDPNow (Q1)
2025-02-03 17:30:00ModerateUSD – FOMC Member Bostic Speaks
2025-02-03 15:00:00ModerateConstruction Spending Month over Month
2025-02-03 15:00:00HighISM Manufacturing Index Index
2025-02-03 15:00:00ModerateConstruction Spending Year over Year
2025-02-03 15:00:00HighUSD – ISM Manufacturing Prices (Jan)
2025-02-03 15:00:00HighUSD – ISM Manufacturing PMI (Jan)
2025-02-03 15:00:00ModerateUSD – ISM Manufacturing Employment (Jan)
2025-02-03 15:00:00ModerateUSD – Construction Spending (MoM) (Dec)
2025-02-03 14:45:00ModeratePMI Manufacturing Final Index
2025-02-03 14:45:00HighUSD – S&P Global Manufacturing PMI (Jan)
2025-02-03 10:00:00HighEUR – CPI (YoY) (Jan)
2025-02-03 10:00:00ModerateEUR – CPI (MoM) (Jan)
2025-02-03 10:00:00ModerateEUR – Core CPI (YoY) (Jan)
2025-02-03 10:00:00ModerateUSD – OPEC Meeting
2025-02-03 09:30:00ModerateGBP – S&P Global Manufacturing PMI (Jan)
2025-02-03 09:00:00ModerateEUR – HCOB Eurozone Manufacturing PMI (Jan)
2025-02-03 08:55:00ModerateEUR – HCOB Germany Manufacturing PMI (Jan)
2025-02-03 08:50:00ModerateEUR – HCOB France Manufacturing PMI (Jan)
2025-02-03 08:45:00ModerateEUR – HCOB Italy Manufacturing PMI (Jan)
2025-02-03 08:30:00ModerateCHF – procure.ch Manufacturing PMI (Jan)
2025-02-03 08:15:00ModerateEUR – HCOB Spain Manufacturing PMI (Jan)
2025-02-03 01:45:00ModerateCNY – Caixin Manufacturing PMI (Jan)
2025-02-03 00:30:00ModerateAUD – Retail Sales (MoM) (Dec)
2025-02-03 00:30:00ModerateAUD – Building Approvals (MoM) (Dec)

Crypto Assets Prices

The Prices table reveals a notable dip in the prices of major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin. This downward price movement aligns with the overall negative sentiment in the cryptocurrency market due to factors like Trump’s tariff announcements. Investors and traders should carefully monitor price movements and market sentiment to determine potential buying or selling opportunities.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-02-03 14:16:00Bitcoin94,764.71-4.67%-4.48-1.89%8.964.74%
2025-02-02 14:16:00Bitcoin99,194.84-2.73%-2.59-0.15%4.22-0.32%
2025-02-01 14:16:00Bitcoin101,900.01-2.73%-2.44-1.26%4.542.10%
2025-02-03 14:16:00Ethereum2,564.54-20.71%-16.93-12.51%45.2738.17%
2025-02-02 14:16:00Ethereum3,095.75-4.60%-4.42-1.04%7.100.48%
2025-02-01 14:16:00Ethereum3,238.10-3.79%-3.37-6.11%6.621.75%
2025-02-03 14:16:00Binance Coin566.79-14.71%-12.76-10.12%29.9426.04%
2025-02-02 14:16:00Binance Coin650.14-2.85%-2.65-0.53%3.900.78%
2025-02-01 14:16:00Binance Coin668.65-2.37%-2.12-2.47%3.121.41%

CryptocurrencyΒ Capitalization and Volume

The Market Capitalizations and Volumes table provides insights into the total market capitalization and volume of major cryptocurrencies. The dataset shows variations in market capitalization and volume, reflecting the ongoing volatility in the market. Traders and investors should pay close attention to these metrics as they indicate the overall trading activity and market value of cryptocurrencies.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-02-03 00:00:00Binance Coin90,059,617,779-5.62%1,199,640,87988.47%
2025-02-02 00:00:00Binance Coin95,423,200,106-3.39%636,502,397-12.44%
2025-02-01 00:00:00Binance Coin98,774,675,8670.01%726,904,49330.59%
2025-02-03 00:00:00Bitcoin1,935,262,568,575-2.88%64,580,851,537154.58%
2025-02-02 00:00:00Bitcoin1,992,554,585,448-1.74%25,367,338,079-41.25%
2025-02-01 00:00:00Bitcoin2,027,834,607,944-2.36%43,178,852,9603.22%
2025-02-03 00:00:00Ethereum345,449,728,279-8.12%40,457,783,723109.81%
2025-02-02 00:00:00Ethereum375,974,996,196-5.35%19,283,370,886-38.55%
2025-02-01 00:00:00Ethereum397,237,194,3281.46%31,381,517,06261.48%
2025-02-03 00:00:00Tether139,365,945,1900.00%109,208,613,87090.28%
2025-02-02 00:00:00Tether139,372,312,3380.01%57,394,751,0344.47%
2025-02-01 00:00:00Tether139,353,601,622-0.05%54,939,068,85724.49%

Cryptocurrency Exchanges Volume and Variation

The Exchanges table illustrates the trading volumes across major cryptocurrency exchanges. The dataset reflects fluctuations in trading volumes, suggesting changes in market participation and investor sentiment. By tracking these volumes, traders can gain a better understanding of liquidity levels and overall market interest for different cryptocurrencies.

DateExchangeVolumeVariation
2025-02-03 00:00:00Binance367,263131.02%
2025-02-02 00:00:00Binance158,977-27.37%
2025-02-01 00:00:00Binance218,87525.12%
2025-02-03 00:00:00Binance US283154.95%
2025-02-02 00:00:00Binance US111-21.83%
2025-02-01 00:00:00Binance US14212.70%
2025-02-03 00:00:00Bitfinex9,212432.18%
2025-02-02 00:00:00Bitfinex1,731-29.06%
2025-02-01 00:00:00Bitfinex2,44038.95%
2025-02-03 00:00:00Bybit107,353128.57%
2025-02-02 00:00:00Bybit46,968-8.32%
2025-02-01 00:00:00Bybit51,233-4.83%
2025-02-03 00:00:00Coinbase67,278111.71%
2025-02-02 00:00:00Coinbase31,778-37.61%
2025-02-01 00:00:00Coinbase50,93613.51%
2025-02-03 00:00:00Crypto.com133,910198.39%
2025-02-02 00:00:00Crypto.com44,878-42.16%
2025-02-01 00:00:00Crypto.com77,58733.84%
2025-02-03 00:00:00Gate.io65,876103.74%
2025-02-02 00:00:00Gate.io32,334-11.01%
2025-02-01 00:00:00Gate.io36,33517.54%
2025-02-03 00:00:00Kraken19,064126.84%
2025-02-02 00:00:00Kraken8,404-35.10%
2025-02-01 00:00:00Kraken12,9501.35%
2025-02-03 00:00:00KuCoin18,96684.26%
2025-02-02 00:00:00KuCoin10,293-8.16%
2025-02-01 00:00:00KuCoin11,2080.61%
2025-02-03 00:00:00OKX55,487114.09%
2025-02-02 00:00:00OKX25,917-30.10%
2025-02-01 00:00:00OKX37,07724.77%

Mining – Blockchain Technology

The Mining table showcases key mining metrics such as mining difficulty, mined blocks, block rewards, and hash rates. These metrics are essential for understanding the state of the mining ecosystem and its impact on the cryptocurrency market. While the dataset shows marginal variations, tracking these metrics over time can provide insights into the overall network health and stability.

Item2025-02-032025-02-022025-02-012025-01-312025-01-302025-01-292025-01-28
Difficulty108.11T108.11T108.11T108.11T108.11T108.11T108.11T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%-2.12%
Blocks882.05K881.88K881.69K881.57K881.42K881.27K881.12K
Blocks Variation0.02%0.02%0.01%0.02%0.02%0.02%0.02%
Reward BTC3.133.133.133.133.133.133.13
Reward BTC Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Hash Rate GB919.42B1.00T667.11B780.35B839.62B796.41B839.62B
Hash Rate GB Variation-8.12%50.00%-14.51%-7.06%5.42%-5.15%10.80%

Conclusion

In conclusion, the cryptocurrency market is currently experiencing a neutral to trending down trend. Negative sentiment prevails due to factors like Trump’s tariff announcements, price dips, and fear among investors. However, it is crucial to monitor additional indicators, such as economic events and network metrics, to gain a comprehensive understanding of the market. Investors should exercise caution, conduct thorough research, and stay informed to make well-informed trading decisions.

So What

The current state of the cryptocurrency market has practical implications for investors and traders. The negative sentiment and downward trend highlight the need for caution and risk management strategies. It is essential to closely monitor market developments, news events, and price movements, as they can present both challenges and opportunities. Implementing robust risk management measures, diversifying investment portfolios, and staying informed are crucial to navigate the current market conditions effectively.

What next?

Looking ahead, the cryptocurrency market is likely to continue experiencing volatility and uncertainty. Geopolitical factors, economic events, and regulatory decisions will play a significant role in shaping market sentiment. Traders and investors should remain vigilant and adapt their strategies accordingly. Staying informed, conducting thorough analysis, and being prepared for various market scenarios will be key to success in the ever-evolving cryptocurrency landscape.

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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