πŸ“ƒ Feb 04, 2025 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Down

In the last 24 hours, the cryptocurrency market has shown a neutral to trending down trend.

Bitcoin and Ethereum have experienced a negative sentiment, with price variations and volatility impacted by concerns over Trump’s tariffs. Bitcoin, specifically, saw a significant crash followed by a rebound after Trump announced the delay of certain tariffs. However, it’s worth noting that there is a high level of uncertainty in the market due to external factors.

The Fear and Greed Indicators suggest that the market sentiment is currently leaning towards fear as the indicators fall within the ‘extreme fear’ and ‘fear’ categories. This can be attributed to the recent market crash and concerns over the impact of tariffs on the cryptocurrency market. It is important to monitor these indicators closely as they may influence investor behavior.

The Bitcoin Address Indicators show a decrease in the number of active addresses and a decline in the quantities of wallet addresses with high balance values. This could indicate a decrease in overall market participation and investment activity.

Economic events, such as trade negotiations and announcements, have had a significant impact on the market. The recent news of Trump’s tariffs and delays have caused volatility and uncertainty in the market. Traders and investors should closely monitor these economic events and their potential effects on the cryptocurrency market.

The analysis of the Prices table highlights the price variations and volatility in the major cryptocurrencies. Bitcoin and Ethereum experienced significant price drops, impacting the overall market. Other cryptocurrencies, such as XRP and Dogecoin, were also affected by negative sentiment and market conditions.

The Market Capitalizations and Volumes table reflects the decrease in total market capitalization and volume of major cryptocurrencies. The negative sentiment caused by Trump’s tariffs and market uncertainties has led to a decline in overall market confidence and activity.

The Exchanges table shows varying volumes and variations in trading activity across different exchanges. Binance, Binance US, and Bitfinex witnessed significant volatility and trading volumes in the last 24 hours, likely influenced by market conditions.

The mining sector also faces challenges, as indicated by the Mining table. The hash rate and difficulty of cryptocurrencies, such as Bitcoin and Ethereum, have fluctuated. The impact of tariffs and market conditions on the mining industry should be closely monitored.

Based on the analysis of the data, it is evident that there is a cautious and uncertain sentiment in the cryptocurrency market. Traders and investors should exercise caution and closely monitor external factors such as trade negotiations, political developments, and market volatility.

What is important

The current state of the cryptocurrency market is characterized by a neutral to trending down trend, influenced by external factors such as Trump’s tariffs. This has led to price variations and increased market volatility. Overall, the market is experiencing a cautious sentiment with a higher inclination towards fear and lower participation. It is crucial for traders and investors to closely monitor economic events, regulatory changes, and market indicators to make well-informed decisions. The cryptocurrency market remains highly responsive to external factors, highlighting the need for ongoing monitoring and analysis to navigate market conditions effectively.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘Ž Why is crypto crashing today? Bitcoin, Ethereum, DOGE, and others sink as TrumpΒ΄s tariffs rattle markets
– The cryptocurrency market is crashing due to concerns over Trump’s tariffs, impacting major cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and others.

πŸ‘Ž Bitcoin plunges below $100,000 amid tariff worries, XRP falls 33%
– Bitcoin plunges below $100,000, registering a significant fall in price, while XRP experiences a 33% decline due to tariff concerns.

πŸ‘ Bitcoin rebounds after Trump pauses Mexico, Canada tariffs. HereΒ΄s why the crypto reacts to tariffs
– Bitcoin experiences a rebound following Trump’s decision to delay tariffs, reflecting the cryptocurrency’s reaction to changes in trade policies.

πŸ‘Ž Despite Bitcoin Crash, Bitwise Predicts Β΄ViolentΒ΄ Surge Amid TrumpΒ΄s Tariffs
– Bitcoin crashes but Bitwise predicts a potential ‘violent’ surge in the market as a result of Trump’s tariffs.

πŸ‘Ž Trump Tariffs Crash Bitcoin and Stocks. But Presales like Meme Index Can Survive and Thrive
– Trump’s tariffs cause a crash in Bitcoin and stocks, yet presales like Meme Index can potentially escape the downward trend and thrive.

Factors DrivingΒ the Growth – Market Sentiment

Positive sentiment keywords such as rebound and altcoin suggest a potential resilience and recovery in the market, despite the negative sentiment caused by Trump’s tariffs. On the other hand, negative sentiment keywords like crash, tariffs, and downturn reflect the market’s response to external factors and volatile conditions. These keywords play a crucial role in understanding the market sentiment and the factors affecting cryptocurrency prices. Traders and investors should pay close attention to these keywords when assessing the market landscape.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
21bitcoin
11ethereum
10cryptocurrency market
9xrp
7rebound
6coinbase
5altcoin
5shiba inu
5tariffs
42025

Negative Terms – Sentiment Analysis

OccurrencesKeyword
24bitcoin
13ethereum
11cryptocurrency market
9dogecoin
8trump tariffs
6crash
6tariffs
6trump’s tariffs
5cardano
4$65 million

Crypto Investor Fear & Greed Index

The Fear and Greed Indicators for the cryptocurrency market highlight the prevailing fear sentiment among market participants. The indicators fall within the ‘extreme fear’ and ‘fear’ categories, indicating a cautious approach in the current market climate. The recent market crash and concerns over Trump’s tariffs have contributed to the heightened fear levels. These indicators serve as crucial tools for understanding market sentiment and anticipating potential shifts in investor behavior.

DateValueVariationSource
2025-02-04 00:00:0044pt0ptAlternative.me
2025-02-04 00:00:0072pt28ptAlternative.me
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
2025-02-03 00:00:0044pt-16ptBinance.com
2025-02-02 19:00:0060pt0ptBinance.com
2025-02-04 00:00:0044pt-16ptBitDegree.org
2025-02-03 00:00:0060pt-8ptBitDegree.org
2025-02-02 00:00:0068pt0ptBitDegree.org
2025-02-04 00:00:0062pt2ptBtcTools.io
2025-02-03 16:00:0060pt-1ptBtcTools.io
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 08:00:0060pt0ptBtcTools.io
2025-02-04 00:00:0039pt-8ptCoinstats.app
2025-02-04 00:00:0047pt0ptCoinstats.app
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

Bitcoin: Active Addresses

The Bitcoin Address Indicators provide insights into the activity and distribution of Bitcoin addresses. The decrease in active addresses and quantities of wallet addresses with high balance values indicates a potential decline in market participation and investment activity. This may reflect a more cautious approach from market participants as they navigate the current challenging market conditions. Traders and investors should keep a close eye on these indicators to better understand market dynamics.

DateAddressesVariationIndicatorSource
2025-02-04 07:00:001,369,892,9450.00%Total Addressesbitaps.com
2025-02-04 07:00:001,317,266,5810.00%Zero Balance Addressesbitaps.com
2025-02-04 07:00:00834,079-1.99%Bitcoin Active Addressesbtc.com
2025-02-04 07:00:00540,2980.00%Addresses with over 0bitaps.com
2025-02-04 07:00:00219,2230.00%Addresses with over 0.0000001bitaps.com
2025-02-04 07:00:004,007,3640.00%Addresses with over 0.000001bitaps.com
2025-02-04 07:00:0010,809,3050.00%Addresses with over 0.00001bitaps.com
2025-02-04 07:00:0013,157,1540.00%Addresses with over 0.0001bitaps.com
2025-02-04 07:00:0011,539,987-0.01%Addresses with over 0.001bitaps.com
2025-02-04 07:00:007,891,7270.00%Addresses with over 0.01bitaps.com
2025-02-04 07:00:003,469,5250.00%Addresses with over 0.1bitaps.com
2025-02-04 07:00:00839,4290.00%Addresses with over 1bitaps.com
2025-02-04 07:00:00134,432-0.01%Addresses with over 10bitaps.com
2025-02-04 07:00:0015,879-0.01%Addresses with over 100bitaps.com
2025-02-04 07:00:001,9450.05%Addresses with over 1,000bitaps.com
2025-02-04 07:00:00920.00%Addresses with over 10,000bitaps.com
2025-02-04 07:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

Economic events, particularly the announcements and negotiations related to Trump’s tariffs, have played a significant role in shaping the current state of the cryptocurrency market. The market has been sensitive to the impact of these events, leading to increased volatility and uncertainty. Traders and investors should closely monitor trade negotiations, political developments, and related economic announcements to gauge the potential effects on the cryptocurrency market.

DateImpactEvent
2025-02-05 15:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2025-02-05 15:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2025-02-05 15:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2025-02-05 15:00:00ModerateISM Services Index Index
2025-02-05 13:30:00HighInternational Trade in Goods and Services Balance
2025-02-05 13:15:00ModerateADP Employment Report Private Payrolls – M/M
2025-02-04 21:30:00ModerateUSD – API Weekly Crude Oil Stock
2025-02-04 18:15:00ModerateUSD – FOMC Member Daly Speaks
2025-02-04 16:00:00ModerateUSD – FOMC Member Bostic Speaks
2025-02-04 15:00:00HighUSD – JOLTS Job Openings (Dec)
2025-02-04 15:00:00ModerateUSD – Factory Orders (MoM) (Dec)
2025-02-04 15:00:00ModerateFactory Orders Month over Month
2025-02-04 15:00:00ModerateJOLTS Job Openings
2025-02-04 08:00:00ModerateBRL – IPC-Fipe Inflation Index (MoM) (Jan)
2025-02-04 08:00:00ModerateEUR – Spanish Unemployment Change (Jan)
2025-02-04 03:35:00ModerateJPY – 10-Year JGB Auction
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 17:00:00ModerateUSD – Atlanta Fed GDPNow (Q1)
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)

Crypto Assets Prices

The prices of major cryptocurrencies have experienced significant volatility in the last 24 hours. Bitcoin and Ethereum have both faced negative price variations due to concerns over Trump’s tariffs. However, there have been instances of rebounds in Bitcoin’s price following Trump’s decision to delay certain tariffs. The overall market sentiment indicates caution and volatility. Traders and investors should closely analyze price movements and associated factors to make informed decisions.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-02-04 07:36:00Bitcoin98,841.934.65%3.689.10%8.89-0.83%
2025-02-03 07:36:00Bitcoin94,241.66-5.89%-5.42-3.10%9.726.39%
2025-02-02 07:36:00Bitcoin99,796.75-2.45%-2.32-0.45%3.33-1.05%
2025-02-04 07:36:00Ethereum2,707.004.95%3.2320.27%15.63-31.39%
2025-02-03 07:36:00Ethereum2,573.00-20.26%-17.04-11.37%47.0239.95%
2025-02-02 07:36:00Ethereum3,094.18-6.15%-5.67-6.99%7.070.78%
2025-02-04 07:36:00Binance Coin575.360.38%-0.4611.81%10.99-20.67%
2025-02-03 07:36:00Binance Coin573.20-14.19%-12.27-9.36%31.6627.72%
2025-02-02 07:36:00Binance Coin654.51-3.02%-2.91-2.44%3.941.65%

CryptocurrencyΒ Capitalization and Volume

The total market capitalization and volume of major cryptocurrencies have seen a decline in the last 24 hours. Negative sentiment caused by Trump’s tariffs and market uncertainties has impacted market confidence and activity. The decline in capitalization and volume should be considered as an indicator of the overall sentiment and investor behavior. Traders and investors should carefully evaluate market conditions and factors influencing capitalization to make informed decisions.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-02-04 00:00:00Binance Coin89,926,094,561-0.15%3,598,244,496199.94%
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%
2025-02-04 00:00:00Bitcoin2,011,121,374,5123.92%122,766,762,66790.10%
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%
2025-02-04 00:00:00Ethereum346,820,394,6410.40%96,448,721,065138.39%
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%
2025-02-04 00:00:00Tether139,544,931,3700.13%170,723,888,08856.33%
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%

Cryptocurrency Exchanges Volume and Variation

Trading volumes and variations in activity across different exchanges reflect the impact of external factors on the cryptocurrency market. Binance, Binance US, Bitfinex, and other major exchanges have experienced significant volatility and trading volumes due to market conditions. Traders and investors should pay close attention to exchange-specific data and consider the implications for their trading strategies.

DateExchangeVolumeVariation
2025-02-04 00:00:00Binance694,64989.14%
2025-02-03 00:00:00Binance367,263131.02%
2025-02-02 00:00:00Binance158,977-27.37%
2025-02-04 00:00:00Binance US42249.12%
2025-02-03 00:00:00Binance US283154.95%
2025-02-02 00:00:00Binance US111-21.83%
2025-02-04 00:00:00Bitfinex14,60258.51%
2025-02-03 00:00:00Bitfinex9,212432.18%
2025-02-02 00:00:00Bitfinex1,731-29.06%
2025-02-04 00:00:00Bybit245,454128.64%
2025-02-03 00:00:00Bybit107,353128.57%
2025-02-02 00:00:00Bybit46,968-8.32%
2025-02-04 00:00:00Coinbase150,365123.50%
2025-02-03 00:00:00Coinbase67,278111.71%
2025-02-02 00:00:00Coinbase31,778-37.61%
2025-02-04 00:00:00Crypto.com191,64043.11%
2025-02-03 00:00:00Crypto.com133,910198.39%
2025-02-02 00:00:00Crypto.com44,878-42.16%
2025-02-04 00:00:00Gate.io124,89389.59%
2025-02-03 00:00:00Gate.io65,876103.74%
2025-02-02 00:00:00Gate.io32,334-11.01%
2025-02-04 00:00:00Kraken45,606139.23%
2025-02-03 00:00:00Kraken19,064126.84%
2025-02-02 00:00:00Kraken8,404-35.10%
2025-02-04 00:00:00KuCoin39,494108.24%
2025-02-03 00:00:00KuCoin18,96684.26%
2025-02-02 00:00:00KuCoin10,293-8.16%
2025-02-04 00:00:00OKX140,570153.34%
2025-02-03 00:00:00OKX55,487114.09%
2025-02-02 00:00:00OKX25,917-30.10%

Mining – Blockchain Technology

The mining sector has faced challenges with fluctuations in hash rate and difficulty for major cryptocurrencies like Bitcoin and Ethereum. Trump’s tariffs and market conditions have contributed to uncertainty in the mining industry. Monitoring potential changes in mining difficulty and hash rate is important for understanding the state of the market and its possible implications for mining operations.

Item2025-02-042025-02-032025-02-022025-02-012025-01-312025-01-302025-01-29
Difficulty108.11T108.11T108.11T108.11T108.11T108.11T108.11T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks882.20K882.05K881.88K881.69K881.57K881.42K881.27K
Blocks Variation0.02%0.02%0.02%0.01%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 GB811.73B919.42B1.00T667.11B780.35B839.62B796.41B
Hash Rate GB Variation-11.71%-8.12%50.00%-14.51%-7.06%5.42%-5.15%

Conclusion

In conclusion, the cryptocurrency market has recently displayed a neutral to trending down trend due to external factors, including concerns over Trump’s tariffs. The Fear and Greed Indicators suggest heightened caution and fear among traders, while the Bitcoin Address Indicators show a potential decline in market participation. Economic events and price movements have played a significant role in shaping the market landscape, impacting market capitalization and trading volumes.

So What

The current state of the cryptocurrency market demands caution and careful analysis for traders and investors. Traders should closely monitor the impact of external factors, such as trade negotiations, political developments, and economic announcements from major economies. With heightened fear levels and declining market participation, it is crucial to adopt a meticulous approach and consider the potential impact of tariffs and market volatility on investments. The market demands attention to detail and effective risk management to navigate these challenging conditions.

What next?

Looking ahead, the cryptocurrency market is expected to continue facing volatility and uncertainty in the near term. External factors, particularly trade negotiations and tariff decisions, will likely play a key role in shaping market sentiment and price movements. Traders and investors should monitor the ongoing developments, use comprehensive risk management strategies, and stay informed to make well-informed decisions. The market’s reaction to these external factors will be crucial in determining the next phase of 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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