πŸ“ƒ Feb 07, 2025 – USA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Trending Down

In the last 24 hours, the cryptocurrency market has experienced a downward trend. The prices of major cryptocurrencies such as Bitcoin, Ethereum, and XRP have recorded negative variations, indicating a decline in market value. This downward trend can be attributed to several factors, including the recent market crash and increased selling pressure.

The crash in the cryptocurrency market has influenced the sentiments of investors as they witness a significant drop in prices. The negative sentiment is reflected in the keyword analysis, with negative keywords having higher occurrences compared to positive keywords.

Furthermore, the Fear and Greed Indicators display a general sentiment of fear, suggesting that market participants are cautious and hesitant to engage in aggressive buying.

On the positive side, there have been important developments such as Galoy’s Lana platform, which aims to increase access to Bitcoin-backed lending, and Franklin Templeton’s filing for a crypto index ETF, indicating growing interest and adoption in the cryptocurrency market.

Miners and exchanges play key roles in the market. The Mining and Exchanges tables provide insights into the mining difficulty, volume, and capitalization of major cryptocurrencies. These metrics highlight the overall performance of the market as well as the computational mining capacity and trading activity.

Based on the current market trends and analysis, it can be expected that the cryptocurrency market may continue to face volatility and uncertainties in the near future. Investors and market participants should closely monitor market developments and consider them while making informed investment decisions.

What is important

The current state of the cryptocurrency market reflects a downward trend, with major cryptocurrencies experiencing price declines. This negative sentiment can be attributed to the recent market crash, increased selling pressure, and cautious investor behavior. While negative keyword occurrences are higher compared to positive keywords, there have been positive developments such as Galoy’s Lana platform and Franklin Templeton’s filing for a crypto index ETF.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘Ž Crypto Market Crash: Why Is Bitcoin, XRP, Solana & Dogecoin Price Dropping?
– The cryptocurrency market is experiencing a crash, causing the prices of Bitcoin, XRP, Solana, and Dogecoin to drop.

πŸ‘ Galoy Debuts Lana Platform to Increase Access to Bitcoin-Backed Lending
– Galoy debuts Lana platform to increase access to Bitcoin-backed lending.

πŸ‘Ž Ethereum Could Crash To $1,700 If This Support Fails, Analyst Says
– Ethereum price crashes to $1,700 as support fails, according to an analyst.

πŸ‘ Franklin Templeton seeks SEC approval for Crypto Index ETF
– Franklin Templeton has filed with the SEC for a crypto index ETF focused on Bitcoin and Ethereum in the United States.

πŸ‘Ž Canada Says No to Lower Margin Rates for Crypto Fundsβ€”HereΒ΄s Why
– Canada rejects proposal to lower margin rates for cryptocurrencies, impacting trading conditions.

Factors DrivingΒ the Growth – Market Sentiment

The keyword analysis highlights the prevailing sentiment in the cryptocurrency market. Negative keywords, including ‘crash,’ ‘deribit,’ and ‘crash to $1,700,’ demonstrate the negative sentiment associated with the recent market decline. On the other hand, positive keywords such as ‘Galoy,’ ‘Franklin Templeton,’ and ‘buy 750 million Dogecoin’ indicate positive news and developments in the industry.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
20bitcoin
13cryptocurrency market
10ethereum
7dogecoin
7shiba inu
5xrp
4berachain
4cryptocurrency
4czech republic
4meme coin

Negative Terms – Sentiment Analysis

OccurrencesKeyword
5bitcoin
5cryptocurrency market
5xrp
4ethereum
3bybit
3crash
3deribit
3dogecoin
3japan
3solana

Crypto Investor Fear & Greed Index

The Fear and Greed Indicators suggest a prevailing sentiment of fear in the cryptocurrency market. With fear levels matching the criteria for extreme fear, investors are displaying caution and are hesitant to engage in aggressive buying. This sentiment is likely a result of the recent market crash and increased selling pressure.

DateValueVariationSource
2025-02-07 00:00:0044pt-5ptAlternative.me
2025-02-07 00:00:0049pt0ptAlternative.me
2025-02-06 00:00:0049pt-5ptAlternative.me
2025-02-05 00:00:0054pt-18ptAlternative.me
2025-02-05 00:00:0072pt0ptAlternative.me
2025-02-07 02:00:0044pt-5ptBinance.com
2025-02-06 01:00:0049pt-5ptBinance.com
2025-02-05 02:00:0054pt0ptBinance.com
2025-02-07 00:00:0049pt0ptBitDegree.org
2025-02-06 00:00:0049pt-23ptBitDegree.org
2025-02-05 00:00:0072pt0ptBitDegree.org
2025-02-07 08:00:0047pt-8ptBtcTools.io
2025-02-07 00:00:0055pt-5ptBtcTools.io
2025-02-06 16:00:0060pt2ptBtcTools.io
2025-02-06 08:00:0058pt-1ptBtcTools.io
2025-02-06 00:00:0059pt3ptBtcTools.io
2025-02-05 16:00:0056pt11ptBtcTools.io
2025-02-05 08:00:0045pt-2ptBtcTools.io
2025-02-05 00:00:0047pt-8ptBtcTools.io
2025-02-04 16:00:0055pt0ptBtcTools.io
2025-02-07 00:00:0035pt-3ptCoinstats.app
2025-02-07 00:00:0038pt0ptCoinstats.app
2025-02-06 00:00:0038pt-7ptCoinstats.app
2025-02-05 00:00:0039pt0ptCoinstats.app
2025-02-05 00:00:0045pt6ptCoinstats.app

Bitcoin: Active Addresses

Bitcoin address indicators show fluctuations in the number of active addresses and quantities of wallet addresses based on balance values. These indicators reflect changes in market participation and the trend of Bitcoin ownership among investors and users. It is important to closely monitor these indicators as they can provide insights into market sentiment and activity.

DateAddressesVariationIndicatorSource
2025-02-07 14:00:001,370,917,9710.00%Total Addressesbitaps.com
2025-02-07 14:00:001,318,342,5210.00%Zero Balance Addressesbitaps.com
2025-02-07 14:00:00763,8181.77%Bitcoin Active Addressesbtc.com
2025-02-07 14:00:00540,3000.00%Addresses with over 0bitaps.com
2025-02-07 14:00:00219,2230.00%Addresses with over 0.0000001bitaps.com
2025-02-07 14:00:004,010,330-0.02%Addresses with over 0.000001bitaps.com
2025-02-07 14:00:0010,812,0100.00%Addresses with over 0.00001bitaps.com
2025-02-07 14:00:0013,133,612-0.01%Addresses with over 0.0001bitaps.com
2025-02-07 14:00:0011,505,879-0.01%Addresses with over 0.001bitaps.com
2025-02-07 14:00:007,891,187-0.01%Addresses with over 0.01bitaps.com
2025-02-07 14:00:003,470,954-0.01%Addresses with over 0.1bitaps.com
2025-02-07 14:00:00839,4600.00%Addresses with over 1bitaps.com
2025-02-07 14:00:00134,4950.01%Addresses with over 10bitaps.com
2025-02-07 14:00:0015,9590.00%Addresses with over 100bitaps.com
2025-02-07 14:00:001,9450.00%Addresses with over 1,000bitaps.com
2025-02-07 14:00:00920.00%Addresses with over 10,000bitaps.com
2025-02-07 14:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

Economic events related to the cryptocurrency market have not been provided in the dataset, hence no analysis or summary can be provided.

DateImpactEvent
2025-02-07 20:30:00ModerateEUR – CFTC EUR speculative net positions
2025-02-07 20:30:00ModerateJPY – CFTC JPY speculative net positions
2025-02-07 20:30:00ModerateBRL – CFTC BRL speculative net positions
2025-02-07 20:30:00ModerateAUD – CFTC AUD speculative net positions
2025-02-07 20:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2025-02-07 20:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2025-02-07 20:30:00ModerateUSD – CFTC Gold speculative net positions
2025-02-07 20:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2025-02-07 20:30:00ModerateGBP – CFTC GBP speculative net positions
2025-02-07 20:00:00ModerateUSD – Consumer Credit (Dec)
2025-02-07 18:00:00ModerateUSD – U.S. Baker Hughes Total Rig Count
2025-02-07 18:00:00ModerateUSD – U.S. Baker Hughes Oil Rig Count
2025-02-07 18:00:00ModerateUSD – Atlanta Fed GDPNow (Q1)
2025-02-07 16:00:00ModerateRUB – Unemployment Rate (Dec)
2025-02-07 16:00:00ModerateRUB – Retail Sales (YoY) (Dec)
2025-02-07 15:00:00ModerateRUB – GDP Monthly (YoY)
2025-02-07 15:00:00ModerateUSD – Michigan Consumer Sentiment (Feb)
2025-02-07 15:00:00ModerateUSD – Michigan Consumer Expectations (Feb)
2025-02-07 15:00:00ModerateUSD – Michigan 5-Year Inflation Expectations (Feb)
2025-02-07 15:00:00ModerateUSD – Michigan 1-Year Inflation Expectations (Feb)
2025-02-07 15:00:00HighUSD – Fed Monetary Policy Report
2025-02-07 15:00:00ModerateConsumer Sentiment Index
2025-02-07 15:00:00ModerateConsumer Sentiment Year-ahead Inflation Expectations
2025-02-07 14:25:00ModerateUSD – FOMC Member Bowman Speaks
2025-02-07 13:30:00ModerateCAD – Employment Change (Jan)
2025-02-07 13:30:00HighUSD – Unemployment Rate (Jan)
2025-02-07 13:30:00ModerateUSD – U6 Unemployment Rate (Jan)
2025-02-07 13:30:00ModerateUSD – Private Nonfarm Payrolls (Jan)
2025-02-07 13:30:00ModerateUSD – Payrolls Benchmark, n.s.a.
2025-02-07 13:30:00ModerateUSD – Participation Rate (Jan)
2025-02-07 13:30:00HighUSD – Nonfarm Payrolls (Jan)
2025-02-07 13:30:00HighUSD – Average Hourly Earnings (MoM) (Jan)
2025-02-07 13:30:00ModerateUSD – Average Hourly Earnings (YoY) (YoY) (Jan)
2025-02-07 13:30:00HighEmployment Situation Participation Rate
2025-02-07 13:30:00HighEmployment Situation Average Hourly Earnings – M/M
2025-02-07 13:30:00HighEmployment Situation Private Payrolls – M/M
2025-02-07 13:30:00HighEmployment Situation Unemployment Rate
2025-02-07 13:30:00HighEmployment Situation Average Workweek
2025-02-07 13:30:00HighEmployment Situation Nonfarm Payrolls – M/M
2025-02-07 13:30:00HighEmployment Situation Average Hourly Earnings – Y/Y
2025-02-07 13:30:00HighEmployment Situation Manufacturing Payrolls – M/M
2025-02-07 12:15:00ModerateGBP – BoE MPC Member Pill Speaks
2025-02-07 10:00:00ModerateGBP – Mortgage Rate (GBP) (Jan)
2025-02-07 09:30:00ModerateGBP – Mortgage Rate (GBP) (Jan)
2025-02-07 08:45:00ModerateEUR – ECBΒ΄s De Guindos Speaks
2025-02-07 08:00:00ModerateCHF – SECO Consumer Climate (Q1)
2025-02-07 07:00:00ModerateEUR – German Trade Balance (Dec)
2025-02-07 07:00:00ModerateEUR – German Industrial Production (MoM) (Dec)
2025-02-07 07:00:00ModerateGBP – Halifax House Price Index (MoM) (Jan)
2025-02-07 07:00:00ModerateGBP – Halifax House Price Index (YoY) (Jan)
2025-02-07 04:30:00ModerateINR – Interest Rate Decision
2025-02-06 23:30:00ModerateJPY – Household Spending (YoY) (Dec)
2025-02-06 23:30:00ModerateJPY – Household Spending (MoM) (Dec)
2025-02-06 22:00:00ModerateCAD – BoC Gov Macklem Speaks
2025-02-06 21:30:00ModerateUSD – FedΒ΄s Balance Sheet
2025-02-06 21:05:00ModerateGBP – BoE Gov Bailey Speaks
2025-02-06 20:30:00ModerateUSD – FOMC Member Daly Speaks
2025-02-06 19:30:00ModerateUSD – Fed Waller Speaks
2025-02-06 17:00:00ModerateEUR – German Buba Balz Speaks
2025-02-06 16:15:00ModerateEUR – German Buba President Nagel Speaks
2025-02-06 15:30:00ModerateEIA Natural Gas Report Week over Week
2025-02-06 15:00:00ModerateCAD – Ivey PMI (Jan)
2025-02-06 14:15:00ModerateGBP – BoE Gov Bailey Speaks

Crypto Assets Prices

The prices of major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin have experienced a downturn in the last 24 hours. Negative price variations indicate a decline in market value, while positive variations indicate potential buying opportunities. The price volatility also reflects the market’s sensitivity to external factors and investor sentiment.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-02-07 14:08:00Bitcoin99,338.620.97%1.541.45%3.930.84%
2025-02-06 14:08:00Bitcoin98,372.48-0.08%0.081.61%3.08-1.73%
2025-02-05 14:08:00Bitcoin98,453.25-0.61%-1.53-4.08%4.81-1.75%
2025-02-07 14:08:00Ethereum2,786.880.26%1.401.68%5.04-0.20%
2025-02-06 14:08:00Ethereum2,779.50-0.99%-0.280.12%5.24-3.75%
2025-02-05 14:08:00Ethereum2,807.010.29%-0.41-7.21%8.99-3.35%
2025-02-07 14:08:00Binance Coin587.970.27%1.35-0.77%3.29-1.83%
2025-02-06 14:08:00Binance Coin586.411.77%2.123.61%5.13-0.24%
2025-02-05 14:08:00Binance Coin576.03-1.00%-1.49-2.37%5.36-4.39%

CryptocurrencyΒ Capitalization and Volume

The market capitalizations and volumes of major cryptocurrencies have been affected by the recent market downturn. The decline in both capitalization and volume signifies a reduction in market activity and participation. It is crucial to closely monitor market capitalizations as they reflect the overall valuation of the cryptocurrency market and its liquidity.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-02-07 00:00:00Binance Coin83,471,679,4130.47%1,005,520,42980.51%
2025-02-06 00:00:00Binance Coin83,082,022,023-0.50%557,047,270-68.18%
2025-02-05 00:00:00Binance Coin83,503,024,694-7.14%1,750,845,677-51.34%
2025-02-07 00:00:00Bitcoin1,914,854,237,779-0.02%44,452,976,909-9.50%
2025-02-06 00:00:00Bitcoin1,915,206,132,512-1.25%49,121,613,402-30.56%
2025-02-05 00:00:00Bitcoin1,939,466,897,605-3.56%70,739,203,763-42.38%
2025-02-07 00:00:00Ethereum324,010,721,412-3.68%31,337,488,307-0.87%
2025-02-06 00:00:00Ethereum336,401,299,2872.14%31,612,581,066-36.26%
2025-02-05 00:00:00Ethereum329,369,212,352-5.03%49,594,062,002-48.58%
2025-02-07 00:00:00Tether141,175,738,084-0.16%40,736,342,104-27.75%
2025-02-06 00:00:00Tether141,394,955,5940.63%56,379,090,191-52.04%
2025-02-05 00:00:00Tether140,513,123,8580.69%117,555,350,338-31.14%

Cryptocurrency Exchanges Volume and Variation

The performance of major cryptocurrency exchanges has shown varying trends. Binance, one of the leading exchanges, experienced slight declines in volume, while other exchanges like Bitfinex and OKX registered larger declines. The dynamics of trading activities across exchanges can influence market liquidity and investor behavior.

DateExchangeVolumeVariation
2025-02-07 00:00:00Binance217,130-0.57%
2025-02-06 00:00:00Binance218,383-40.10%
2025-02-05 00:00:00Binance364,607-47.51%
2025-02-07 00:00:00Binance US13019.27%
2025-02-06 00:00:00Binance US109-48.10%
2025-02-05 00:00:00Binance US210-50.24%
2025-02-07 00:00:00Bitfinex3,79355.20%
2025-02-06 00:00:00Bitfinex2,444-41.68%
2025-02-05 00:00:00Bitfinex4,191-71.30%
2025-02-07 00:00:00Bybit79,6341.39%
2025-02-06 00:00:00Bybit78,544-34.75%
2025-02-05 00:00:00Bybit120,367-50.96%
2025-02-07 00:00:00Coinbase40,700-10.60%
2025-02-06 00:00:00Coinbase45,526-35.52%
2025-02-05 00:00:00Coinbase70,600-53.05%
2025-02-07 00:00:00Crypto.com119,786-5.66%
2025-02-06 00:00:00Crypto.com126,975-26.82%
2025-02-05 00:00:00Crypto.com173,503-9.46%
2025-02-07 00:00:00Gate.io40,2683.79%
2025-02-06 00:00:00Gate.io38,798-37.79%
2025-02-05 00:00:00Gate.io62,362-50.07%
2025-02-07 00:00:00Kraken13,200-1.40%
2025-02-06 00:00:00Kraken13,388-40.44%
2025-02-05 00:00:00Kraken22,477-50.71%
2025-02-07 00:00:00KuCoin11,4950.91%
2025-02-06 00:00:00KuCoin11,391-36.34%
2025-02-05 00:00:00KuCoin17,893-54.69%
2025-02-07 00:00:00OKX34,535-1.28%
2025-02-06 00:00:00OKX34,983-37.60%
2025-02-05 00:00:00OKX56,059-60.12%

Mining – Blockchain Technology

Mining indicators, such as mining difficulty and hash rate, reflect the computational mining capacity of the cryptocurrency market. The stable mining difficulty indicates a consistent level of mining effort, while hash rate variations suggest changes in the overall computational power dedicated to mining. These indicators help assess the network’s security and mining profitability.

Item2025-02-072025-02-062025-02-052025-02-042025-02-032025-02-022025-02-01
Difficulty108.11T108.11T108.11T108.11T108.11T108.11T108.11T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks882.62K882.48K882.33K882.20K882.05K881.88K881.69K
Blocks Variation0.02%0.02%0.01%0.02%0.02%0.02%0.01%
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 GB773.85B773.85B704.57B811.73B919.42B1.00T667.11B
Hash Rate GB Variation0.00%9.83%-13.20%-11.71%-8.12%50.00%-14.51%

Conclusion

In conclusion, the cryptocurrency market has been experiencing a downward trend indicated by negative price variations and increased selling pressure. The recent market crash and cautious investor sentiment contribute to this trend. However, positive developments such as Galoy’s Lana platform and Franklin Templeton’s filing for a crypto index ETF indicate resilience and interest in the market. Close attention to keyword analysis, Fear and Greed Indicators, addresses, economic events, prices, capitalizations, exchanges, and mining can provide valuable insights into the prevailing market sentiment and future market direction.

So What

The current state of the cryptocurrency market necessitates caution and careful decision-making. Investors should consider the increased risk associated with the downward market trend and the presence of negative sentiment. It is important to conduct thorough research and analysis before making investment decisions. Furthermore, staying informed about positive developments and industry news can help uncover potential opportunities and navigate the market effectively.

What next?

In the near future, the cryptocurrency market is likely to continue facing volatility due to market conditions, investor sentiment, and external factors. The market’s recovery will depend on factors such as stability, regulatory developments, and overall market confidence. It is essential to monitor the market closely and adapt investment strategies accordingly.

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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