Crypto Market Analysis & Trend: Neutral/Trending Up
In the last 8 hours, the cryptocurrency market has shown a neutral to slightly upward trend. Based on the analysis of various data tables, there are several key factors influencing this trend.
What is important
Understanding the current state of the cryptocurrency market is essential for investors and enthusiasts alike. Among the important factors to consider are price movements, market capitalization, trading volumes, mining indicators, economic events, and sentiment analysis.
Top 5 – Latest Headlines & Cryptocurrency News
- Ethereum and Binance Coin investors flock to DeeStream– Investors are showing interest in Ethereum and Binance Coin, according to a report.
- Arbitrum to Skyrocket 120%, Ethereum´s new daily addresses increases, NuggetRush enters last presale stage– Arbitrum is set to skyrocket with a 120% increase in Ethereum´s new daily addresses as Nuggetrush enters its last presale stage.
- Solana bullish as Celestia and Shiba Inu competitor attract elite investors– Solana is bullish as Celestia and Shiba Inu competitor attract elite investors.
- Why Arbitrum seems to be the most desired chain for DeFi– Arbitrum is the most desired chain for DeFi due to its benefits and advantages.
- Low-Cap Altcoin Surges More Than 40% in 24 Hours Amid Efforts To Pivot to a Privacy-Centric Ethereum Layer-2– A low-cap altcoin has surged more than 40% in 24 hours amid efforts to pivot to a privacy-centric Ethereum Layer 2.
Factors Driving the Growth – Market Sentiment
Analyzing the ‘Positive Keywords’ and ‘Negative Keywords’ tables, we can observe that investors are showing interest in Ethereum, Binance Coin, and Solana. Meanwhile, there are mentions of scammers and negative sentiment towards cryptocurrencies in general. It is important to note that these keywords provide insights into current market sentiment.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 19 | bitcoin |
| 8 | binance |
| 6 | presale |
| 5 | cryptocurrency market |
| 5 | ethereum |
| 5 | investors |
| 5 | price |
| 5 | shiba inu |
| 5 | solana |
| 4 | chainlink |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 2 | $31 million |
| 2 | crypto scammers |
| 2 | cryptocurrencies |
| 2 | hacker |
| 2 | investors |
| 2 | playdapp |
| 2 | traditional banking sector |
| 1 | $1 million |
| 1 | $10 million |
| 1 | $112.5m |
Crypto Investor Fear & Greed Index
Examining the ‘Fear and Greed Indicators’ table, we can see that the market sentiment is leaning towards greed. With fear levels below 50 and greed levels above 50, investors are displaying a positive sentiment towards cryptocurrencies. However, it is crucial to monitor these indicators as they can fluctuate.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-02-12 00:00:00 | 70pt | -1pt | Alternative.me |
| 2024-02-12 00:00:00 | 71pt | 0pt | Alternative.me |
| 2024-02-11 00:00:00 | 71pt | -3pt | Alternative.me |
| 2024-02-11 00:00:00 | 74pt | 0pt | Alternative.me |
| 2024-02-10 00:00:00 | 72pt | 0pt | Alternative.me |
| 2024-02-10 00:00:00 | 74pt | 2pt | Alternative.me |
| 2024-02-12 00:00:00 | 71pt | -3pt | BitDegree.org |
| 2024-02-11 00:00:00 | 74pt | 0pt | BitDegree.org |
| 2024-02-10 15:00:00 | 74pt | 2pt | BitDegree.org |
| 2024-02-10 00:00:00 | 72pt | 0pt | BitDegree.org |
| 2024-02-12 00:00:00 | 72pt | -1pt | BtcTools.io |
| 2024-02-11 08:00:00 | 73pt | 1pt | BtcTools.io |
| 2024-02-11 00:00:00 | 72pt | 1pt | BtcTools.io |
| 2024-02-10 16:00:00 | 71pt | -1pt | BtcTools.io |
| 2024-02-10 08:00:00 | 72pt | 3pt | BtcTools.io |
| 2024-02-10 00:00:00 | 69pt | -3pt | BtcTools.io |
| 2024-02-09 16:00:00 | 72pt | 0pt | BtcTools.io |
| 2024-02-12 00:00:00 | 70pt | -1pt | Coinstats.app |
| 2024-02-11 00:00:00 | 71pt | -3pt | Coinstats.app |
| 2024-02-10 00:00:00 | 74pt | 0pt | Coinstats.app |
| 2024-02-12 00:00:00 | 71pt | 0pt | LookIntoBitcoin.com |
| 2024-02-11 10:00:00 | 71pt | 0pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table provides insights into the active addresses and quantities of wallet addresses based on balance values. The data suggests stability, with slight variations observed in different address categories. It is important to note that the number of active addresses can indicate the level of user involvement and adoption of Bitcoin.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-02-12 00:00:00 | 1,206,456,923 | 0.00% | Total Addresses | bitaps.com |
| 2024-02-12 00:00:00 | 1,156,896,641 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-02-12 00:00:00 | 857,095 | -1.05% | Bitcoin Active Addresses | btc.com |
| 2024-02-12 00:00:00 | 540,582 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-02-12 00:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-02-12 00:00:00 | 2,623,072 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-02-12 00:00:00 | 9,076,400 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-02-12 00:00:00 | 12,748,660 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-02-12 00:00:00 | 11,844,472 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-02-12 00:00:00 | 7,964,510 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-02-12 00:00:00 | 3,527,938 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-02-12 00:00:00 | 860,899 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-02-12 00:00:00 | 138,514 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-02-12 00:00:00 | 13,853 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-02-12 00:00:00 | 1,905 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-02-12 00:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-02-12 00:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
Analyzing the ‘Economic Events’ table, we can identify various events that can impact the cryptocurrency market. These events include announcements by central banks, economic forecasts, and budget balances. Investors should closely monitor these events as they can influence market sentiment and price movements.
| Date | Impact | Event |
|---|---|---|
| 2024-02-12 19:00:00 | Moderate | USD – Federal Budget Balance (Jan) |
| 2024-02-12 18:00:00 | Moderate | USD – FOMC Member Kashkari Speaks |
| 2024-02-12 18:00:00 | Moderate | GBP – BoE Gov Bailey Speaks |
| 2024-02-12 16:00:00 | Moderate | RUB – GDP Monthly (YoY) (Dec) |
| 2024-02-12 16:00:00 | Moderate | USD – NY Fed 1-Year Consumer Inflation Expectations |
| 2024-02-12 14:20:00 | Moderate | USD – FOMC Member Bowman Speaks |
| 2024-02-12 13:15:00 | Moderate | EUR – ECB´s Lane Speaks |
| 2024-02-12 12:00:00 | Moderate | INR – CPI (YoY) (Jan) |
| 2024-02-12 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-02-12 10:00:00 | Moderate | EUR – EU Economic Forecasts |
| 2024-02-12 09:45:00 | Moderate | EUR – ECB´s Lane Speaks |
| 2024-02-12 00:30:00 | Moderate | NZD – RBNZ Gov Orr Speaks |
Crypto Assets Prices
The ‘Prices’ table reflects recent price movements of major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin. While Bitcoin has experienced a moderate increase in price, Ethereum and Binance Coin have shown stability. These price movements reflect the overall positive market sentiment in recent hours.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-02-12 00:06:00 | Bitcoin | 48,296.80 | 1.27% | 1.18 | -0.08% | 2.18 | -0.75% |
| 2024-02-11 00:06:00 | Bitcoin | 47,682.93 | 1.02% | 1.26 | -2.95% | 2.93 | -3.53% |
| 2024-02-10 00:06:00 | Bitcoin | 47,198.12 | 3.86% | 4.22 | 2.65% | 6.46 | 3.79% |
| 2024-02-12 00:06:00 | Ethereum | 2,511.01 | 0.55% | 0.28 | -0.17% | 1.85 | 0.04% |
| 2024-02-11 00:06:00 | Ethereum | 2,497.10 | 0.20% | 0.45 | -2.37% | 1.82 | -2.43% |
| 2024-02-10 00:06:00 | Ethereum | 2,492.01 | 2.77% | 2.82 | 3.31% | 4.25 | 2.09% |
| 2024-02-12 00:06:00 | Binance Coin | 320.80 | -0.50% | -0.74 | -0.56% | 1.50 | -0.54% |
| 2024-02-11 00:06:00 | Binance Coin | 322.40 | -0.47% | -0.19 | -1.69% | 2.04 | -0.35% |
| 2024-02-10 00:06:00 | Binance Coin | 323.90 | 1.51% | 1.50 | -1.67% | 2.38 | -1.44% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table provides insights into the total market capitalization and volume of major cryptocurrencies. The data indicates a steady capitalization and volume, reflecting the overall stability of the market. It is important to consider market capitalization and volume trends when making investment decisions.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-02-12 00:00:00 | Binance Coin | 49,303,061,990 | -0.77% | 447,072,289 | -9.47% |
| 2024-02-11 00:00:00 | Binance Coin | 49,684,479,383 | -0.15% | 493,864,078 | -58.10% |
| 2024-02-10 00:00:00 | Binance Coin | 49,760,693,080 | 1.44% | 1,178,538,996 | 0.68% |
| 2024-02-12 00:00:00 | Bitcoin | 945,579,645,769 | 0.79% | 20,417,356,511 | 69.87% |
| 2024-02-11 00:00:00 | Bitcoin | 938,210,772,985 | 1.37% | 12,019,177,855 | -71.37% |
| 2024-02-10 00:00:00 | Bitcoin | 925,541,926,939 | 4.13% | 41,982,185,873 | 52.86% |
| 2024-02-12 00:00:00 | Ethereum | 300,920,593,632 | 0.18% | 7,949,489,167 | 20.24% |
| 2024-02-11 00:00:00 | Ethereum | 300,386,801,746 | 0.40% | 6,611,212,817 | -56.72% |
| 2024-02-10 00:00:00 | Ethereum | 299,195,541,765 | 2.90% | 15,276,356,623 | 39.51% |
| 2024-02-12 00:00:00 | Tether | 96,520,553,679 | 0.18% | 21,039,189,966 | -0.24% |
| 2024-02-11 00:00:00 | Tether | 96,349,651,424 | 0.07% | 21,089,036,799 | -59.96% |
| 2024-02-10 00:00:00 | Tether | 96,284,066,806 | 0.12% | 52,667,457,102 | 36.35% |
Cryptocurrency Exchanges Volume and Variation
Analyzing the ‘Exchanges’ table, we can observe variations in trading volume across different exchanges. Binance, Bitfinex, and Bybit have shown fluctuations in volume, reflecting changes in investor activity. Monitoring trading volume on various exchanges can provide valuable insights into market liquidity and trading patterns.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-02-12 00:00:00 | Binance | 226,647 | 10.66% |
| 2024-02-11 00:00:00 | Binance | 204,821 | -51.10% |
| 2024-02-10 00:00:00 | Binance | 418,896 | 31.19% |
| 2024-02-12 00:00:00 | Binance US | 257 | 27.86% |
| 2024-02-11 00:00:00 | Binance US | 201 | -55.43% |
| 2024-02-10 00:00:00 | Binance US | 451 | 54.98% |
| 2024-02-12 00:00:00 | Bitfinex | 3,560 | 56.83% |
| 2024-02-11 00:00:00 | Bitfinex | 2,270 | -78.16% |
| 2024-02-10 00:00:00 | Bitfinex | 10,396 | 138.11% |
| 2024-02-12 00:00:00 | Bybit | 41,759 | 18.31% |
| 2024-02-11 00:00:00 | Bybit | 35,296 | -64.65% |
| 2024-02-10 00:00:00 | Bybit | 99,840 | 73.14% |
| 2024-02-12 00:00:00 | Coinbase | 24,778 | -2.07% |
| 2024-02-11 00:00:00 | Coinbase | 25,301 | -55.69% |
| 2024-02-10 00:00:00 | Coinbase | 57,094 | 13.05% |
| 2024-02-12 00:00:00 | Crypto.com | 24,674 | 21.68% |
| 2024-02-11 00:00:00 | Crypto.com | 20,277 | -41.76% |
| 2024-02-10 00:00:00 | Crypto.com | 34,816 | 33.55% |
| 2024-02-12 00:00:00 | Gate.io | 18,252 | 7.88% |
| 2024-02-11 00:00:00 | Gate.io | 16,919 | -41.29% |
| 2024-02-10 00:00:00 | Gate.io | 28,819 | 24.32% |
| 2024-02-12 00:00:00 | Kraken | 8,636 | -16.97% |
| 2024-02-11 00:00:00 | Kraken | 10,401 | -60.58% |
| 2024-02-10 00:00:00 | Kraken | 26,385 | 13.42% |
| 2024-02-12 00:00:00 | KuCoin | 18,781 | 27.03% |
| 2024-02-11 00:00:00 | KuCoin | 14,785 | -48.51% |
| 2024-02-10 00:00:00 | KuCoin | 28,712 | 40.90% |
| 2024-02-12 00:00:00 | OKX | 28,203 | 18.35% |
| 2024-02-11 00:00:00 | OKX | 23,831 | -57.12% |
| 2024-02-10 00:00:00 | OKX | 55,574 | 41.87% |
Mining – Blockchain Technology
The ‘Mining’ table provides insights into mining difficulty, mined blocks, block rewards, and hash rate. The data suggests a stable mining landscape, with minor variations observed in difficulty and hash rate. These indicators are important for understanding the computational mining capacity and the rewards earned by miners.
| Item | 2024-02-12 | 2024-02-11 | 2024-02-10 | 2024-02-09 | 2024-02-08 | 2024-02-07 | 2024-02-06 |
|---|---|---|---|---|---|---|---|
| Difficulty | 75.50T | 75.50T | 75.50T | 75.50T | 75.50T | 75.50T | 75.50T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 830.04K | 829.90K | 829.74K | 829.58K | 829.44K | 829.28K | 829.11K |
| Blocks Variation | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Reward BTC | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Hash Rate GB | 514.19B | 570.49B | 626.79B | 517.95B | 600.52B | 638.05B | 581.75B |
| Hash Rate GB Variation | -9.87% | -8.98% | 21.01% | -13.75% | -5.88% | 9.68% | 0.00% |
Conclusion
In conclusion, the cryptocurrency market has shown a neutral to slightly upward trend in the last 8 hours. Positive market sentiment, stable market capitalization and trading volume, along with the interest shown by investors in key cryptocurrencies, contribute to this trend. However, it is crucial to continuously monitor the market as it can rapidly change.
So What
Given the current state of the cryptocurrency market, it is important for investors to stay informed and make informed decisions. The positive sentiment and stability in key cryptocurrencies indicate potential opportunities for growth. However, it is essential to conduct thorough research and analysis before making any investment decisions.
What next?
Looking ahead, it is expected that the cryptocurrency market will continue to be influenced by various factors, including economic events, market trends, and investor sentiment. Monitoring these factors and staying updated with market developments will be crucial in navigating the market effectively.
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.
