Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market has been showing a neutral to slightly upward trend in the past 8 hours. Based on the analysis of various data tables, there is evidence to support this observation with a moderate level of confidence. The market capitalizations and volumes of major cryptocurrencies have remained relatively stable, with some positive variations in prices and volume. Additionally, positive keywords such as Bitcoin, Ethereum, Solana, and growth have been frequently mentioned in the news, indicating optimism in the market. Conversely, negative keywords such as phishing attack and regulations have also been mentioned but their impact seems limited. Overall, the market shows potential for continued upward movement in the next 8 hours.
What is important
Understanding the current state of the cryptocurrency market is essential to make informed decisions. Key factors to consider include the market capitalizations and volumes of major cryptocurrencies, which provide insights into the overall health and liquidity of the market. Price variations and volatilities can indicate the level of investor sentiment and market activity. Additionally, keeping an eye on economic events and their impact on the market can provide valuable information for traders and investors.
Top 5 – Latest Headlines & Cryptocurrency News
- Why Bitcoin, Ethereum, and Solana All Jumped Double-Digits This Week– Bitcoin, Ethereum, and Solana have all experienced significant price increases.
- Coinbase Custody Accounts For 90% Of All Bitcoin ETFs– Coinbase Custody accounts for 90% of all Bitcoin ETFs.
- JPMorgan Just Made A Shock Crypto Flip After The Massive Bitcoin, Ethereum, XRP And Crypto Price Rally– JPMorgan´s surprising move in the crypto market after the recent price rally.
- Whale Doubling Down On Ethereum, Exits Bitcoin Despite Stellar Performance– A whale exits Bitcoin for Ethereum due to Stellar´s performance.
- Breaking: Coinbase Custody Alone Manages 90% of All Bitcoin ETFs Assets– Coinbase Custody manages 90% of all Bitcoin ETFs assets.
Factors Driving the Growth – Market Sentiment
The analysis of positive and negative keywords provides insights into the sentiment surrounding the cryptocurrency market. Positive keywords such as Bitcoin, Ethereum, and growth have been frequently mentioned, reflecting the general positivity in the market. On the other hand, negative keywords such as phishing attack and regulations have also been mentioned, but their impact appears to be limited.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 18 | bitcoin |
| 9 | cryptocurrency market |
| 9 | solana |
| 7 | xrp |
| 6 | cryptocurrency |
| 6 | ethereum |
| 6 | growth |
| 5 | binance |
| 4 | 2024 |
| 4 | btc |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 2 | bitcoin |
| 2 | creditors |
| 2 | cryptocurrencies |
| 2 | cryptocurrency |
| 2 | phishing attack |
| 2 | regulations |
| 2 | scammers |
| 2 | us |
| 1 | ‘coinbase support staff’ |
| 1 | $0.55 |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators table is not available or insufficient data.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-02-18 00:00:00 | 72pt | -4pt | Alternative.me |
| 2024-02-18 00:00:00 | 76pt | 0pt | Alternative.me |
| 2024-02-17 00:00:00 | 72pt | 0pt | Alternative.me |
| 2024-02-17 00:00:00 | 76pt | 4pt | Alternative.me |
| 2024-02-16 00:00:00 | 72pt | 0pt | Alternative.me |
| 2024-02-18 00:00:00 | 76pt | 4pt | BitDegree.org |
| 2024-02-17 00:00:00 | 72pt | 0pt | BitDegree.org |
| 2024-02-16 00:00:00 | 72pt | 0pt | BitDegree.org |
| 2024-02-18 00:00:00 | 74pt | 2pt | BtcTools.io |
| 2024-02-17 16:00:00 | 72pt | -6pt | BtcTools.io |
| 2024-02-17 08:00:00 | 78pt | 5pt | BtcTools.io |
| 2024-02-17 00:00:00 | 73pt | -2pt | BtcTools.io |
| 2024-02-16 16:00:00 | 75pt | 1pt | BtcTools.io |
| 2024-02-16 08:00:00 | 74pt | -2pt | BtcTools.io |
| 2024-02-16 00:00:00 | 76pt | 0pt | BtcTools.io |
| 2024-02-15 16:00:00 | 76pt | 0pt | BtcTools.io |
| 2024-02-18 00:00:00 | 72pt | -4pt | Coinstats.app |
| 2024-02-18 00:00:00 | 76pt | 0pt | Coinstats.app |
| 2024-02-17 00:00:00 | 76pt | 4pt | Coinstats.app |
| 2024-02-16 00:00:00 | 72pt | 0pt | Coinstats.app |
| 2024-02-18 00:00:00 | 72pt | -4pt | LookIntoBitcoin.com |
| 2024-02-18 00:00:00 | 76pt | 0pt | LookIntoBitcoin.com |
| 2024-02-17 00:00:00 | 72pt | 0pt | LookIntoBitcoin.com |
| 2024-02-17 00:00:00 | 76pt | 4pt | LookIntoBitcoin.com |
| 2024-02-16 00:00:00 | 72pt | 0pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
The Bitcoin Address Indicators table is not available or insufficient data.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-02-18 00:00:00 | 1,206,456,923 | 0.00% | Total Addresses | bitaps.com |
| 2024-02-18 00:00:00 | 1,156,896,641 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-02-18 00:00:00 | 852,299 | -0.53% | Bitcoin Active Addresses | btc.com |
| 2024-02-18 00:00:00 | 540,582 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-02-18 00:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-02-18 00:00:00 | 2,623,072 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-02-18 00:00:00 | 9,076,400 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-02-18 00:00:00 | 12,748,660 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-02-18 00:00:00 | 11,844,472 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-02-18 00:00:00 | 7,964,510 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-02-18 00:00:00 | 3,527,938 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-02-18 00:00:00 | 860,899 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-02-18 00:00:00 | 138,514 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-02-18 00:00:00 | 13,853 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-02-18 00:00:00 | 1,905 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-02-18 00:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-02-18 00:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
In the last 24 hours, several economic events have influenced the cryptocurrency market. These include announcements related to GDP, resource prices, and speeches by financial industry experts. The impact of these events on the market can vary depending on the significance and direction of the changes reported. It is important for traders and investors to stay updated on these events and understand their potential implications for the cryptocurrency market.
| Date | Impact | Event |
|---|---|---|
| 2024-02-19 16:00:00 | Moderate | RUB – GDP Monthly (YoY) (Dec) |
| 2024-02-19 13:30:00 | Moderate | CAD – RMPI (MoM) (Jan) |
| 2024-02-19 12:00:00 | Moderate | EUR – German Buba Balz Speaks |
Crypto Assets Prices
The analysis of prices in the cryptocurrency market shows that Bitcoin, Ethereum, and Binance Coin have experienced positive variations in their prices over the past 24 hours. These price variations indicate growing investor interest and optimism in the market. However, it is important to note that cryptocurrencies are subject to volatility, and prices can fluctuate rapidly. Traders and investors need to consider factors such as market trends, trading volume, and news events to make informed decisions.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-02-17 00:19:00 | Bitcoin | 52,151.10 | 0.42% | 0.46 | 1.20% | 1.95 | -0.98% |
| 2024-02-16 00:19:00 | Bitcoin | 51,931.98 | 0.00% | -0.74 | -5.69% | 2.93 | -2.80% |
| 2024-02-17 00:19:00 | Ethereum | 2,802.74 | -1.08% | -1.25 | -1.78% | 4.28 | 0.36% |
| 2024-02-16 00:19:00 | Ethereum | 2,833.11 | 1.81% | 0.54 | -5.21% | 3.93 | -2.47% |
| 2024-02-17 00:19:00 | Binance Coin | 361.90 | 2.07% | 1.63 | -3.44% | 5.07 | -4.66% |
| 2024-02-16 00:19:00 | Binance Coin | 354.40 | 5.84% | 5.07 | 2.08% | 9.73 | 6.39% |
Cryptocurrency Capitalization and Volume
The analysis of the market capitalizations and volumes of major cryptocurrencies shows a relatively stable market. Although there have been some positive variations in capitalization and volume, the overall trend is moderate. This indicates a consistent level of interest and activity in the cryptocurrency market. It is worth noting that market capitalizations and volumes can be influenced by various factors, including market sentiment, investor behavior, and external events, so it is important to consider multiple sources of information when making investment decisions.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-02-18 00:00:00 | Binance Coin | 54,284,946,837 | -2.22% | 1,098,561,958 | -30.57% |
| 2024-02-17 00:00:00 | Binance Coin | 55,514,761,848 | 1.63% | 1,582,222,399 | -26.16% |
| 2024-02-16 00:00:00 | Binance Coin | 54,624,493,953 | 6.29% | 2,142,706,032 | 218.73% |
| 2024-02-18 00:00:00 | Bitcoin | 1,014,105,500,512 | -0.97% | 19,814,141,745 | -26.39% |
| 2024-02-17 00:00:00 | Bitcoin | 1,024,019,280,535 | 0.32% | 26,917,286,561 | -32.58% |
| 2024-02-16 00:00:00 | Bitcoin | 1,020,725,811,640 | 0.35% | 39,925,673,554 | -4.49% |
| 2024-02-18 00:00:00 | Ethereum | 334,778,398,352 | -0.69% | 18,335,708,360 | 1.67% |
| 2024-02-17 00:00:00 | Ethereum | 337,106,579,111 | -0.79% | 18,034,019,933 | -1.04% |
| 2024-02-16 00:00:00 | Ethereum | 339,786,694,522 | 1.73% | 18,223,270,710 | -22.14% |
| 2024-02-18 00:00:00 | Tether | 97,716,632,679 | 0.22% | 39,998,793,009 | -17.37% |
| 2024-02-17 00:00:00 | Tether | 97,501,450,874 | 0.27% | 48,407,162,241 | -25.95% |
| 2024-02-16 00:00:00 | Tether | 97,239,640,605 | 0.18% | 65,373,999,511 | 5.10% |
Cryptocurrency Exchanges Volume and Variation
The analysis of exchanges in the cryptocurrency market reveals varying levels of activity and volume. Exchanges such as Binance, Binance US, and Coinbase have shown positive trends in volume, while others have experienced variations. The performance of exchanges can reflect investor confidence and market liquidity. Traders and investors should closely monitor the activities of major exchanges to gauge market sentiment and identify potential trading opportunities.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-02-18 00:00:00 | Binance | 232,860 | -28.85% |
| 2024-02-17 00:00:00 | Binance | 327,284 | -20.37% |
| 2024-02-16 00:00:00 | Binance | 411,011 | 17.59% |
| 2024-02-18 00:00:00 | Binance US | 240 | -36.34% |
| 2024-02-17 00:00:00 | Binance US | 377 | -29.66% |
| 2024-02-16 00:00:00 | Binance US | 536 | 19.38% |
| 2024-02-18 00:00:00 | Bitfinex | 2,949 | -34.79% |
| 2024-02-17 00:00:00 | Bitfinex | 4,522 | -36.72% |
| 2024-02-16 00:00:00 | Bitfinex | 7,146 | 19.12% |
| 2024-02-18 00:00:00 | Bybit | 45,671 | -29.89% |
| 2024-02-17 00:00:00 | Bybit | 65,145 | -23.27% |
| 2024-02-16 00:00:00 | Bybit | 84,906 | 13.09% |
| 2024-02-18 00:00:00 | Coinbase | 28,487 | -41.09% |
| 2024-02-17 00:00:00 | Coinbase | 48,359 | -22.26% |
| 2024-02-16 00:00:00 | Coinbase | 62,207 | 15.54% |
| 2024-02-18 00:00:00 | Crypto.com | 17,441 | -35.34% |
| 2024-02-17 00:00:00 | Crypto.com | 26,975 | -27.57% |
| 2024-02-16 00:00:00 | Crypto.com | 37,244 | 10.30% |
| 2024-02-18 00:00:00 | Gate.io | 20,643 | -19.85% |
| 2024-02-17 00:00:00 | Gate.io | 25,755 | -19.07% |
| 2024-02-16 00:00:00 | Gate.io | 31,822 | 13.69% |
| 2024-02-18 00:00:00 | Kraken | 9,987 | -48.59% |
| 2024-02-17 00:00:00 | Kraken | 19,428 | -19.08% |
| 2024-02-16 00:00:00 | Kraken | 24,008 | 2.34% |
| 2024-02-18 00:00:00 | KuCoin | 17,294 | -17.66% |
| 2024-02-17 00:00:00 | KuCoin | 21,003 | -19.33% |
| 2024-02-16 00:00:00 | KuCoin | 26,035 | 17.78% |
| 2024-02-18 00:00:00 | OKX | 33,217 | -30.06% |
| 2024-02-17 00:00:00 | OKX | 47,493 | -14.11% |
| 2024-02-16 00:00:00 | OKX | 55,292 | 12.24% |
Mining – Blockchain Technology
The analysis of mining data provides insights into the computational mining capacity of the cryptocurrency market. The difficulty levels, mined blocks, block rewards, and hash rates play a crucial role in determining the overall mining ecosystem. Recent data shows that the mining difficulty and hash rates have shown variations, indicating changes in both the mining capacity and competition. These factors can impact the security and stability of the blockchain networks. Traders and investors should consider the mining landscape when assessing the long-term prospects of cryptocurrencies.
| Item | 2024-02-18 | 2024-02-17 | 2024-02-16 | 2024-02-15 | 2024-02-14 | 2024-02-13 | 2024-02-12 |
|---|---|---|---|---|---|---|---|
| Difficulty | 81.73T | 81.73T | 81.73T | 75.50T | 75.50T | 75.50T | 75.50T |
| Difficulty Variation | 0.00% | 0.00% | 8.24% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 830.93K | 830.78K | 830.64K | 830.49K | 830.35K | 830.21K | 830.04K |
| 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 | 605.33B | 544.39B | 633.76B | 517.95B | 502.93B | 660.57B | 514.19B |
| Hash Rate GB Variation | 11.19% | -14.10% | 22.36% | 2.99% | -23.86% | 28.47% | -9.87% |
Conclusion
In conclusion, the analysis of various data tables suggests a neutral to slightly upward trend in the cryptocurrency market over the next 8 hours. Positive keywords, stable market capitalizations, and positive price variations indicate growing interest and optimism. Economic events and exchange activities also contribute to market dynamics. However, it is important to remain cautious as the cryptocurrency market is highly volatile and subject to various external factors. Traders and investors should continue to monitor market trends, news events, and technical indicators to make informed decisions.
So What
The current state of the cryptocurrency market has practical implications for traders and investors. It is important to stay informed about market trends, monitor price movements, and assess market sentiment. The positive trends and stability in market capitalizations can offer potential investment opportunities, but caution should be exercised due to the inherent volatility of cryptocurrencies. Implementing risk management strategies and considering a diversified portfolio can help mitigate potential risks in the market.
What next?
Looking ahead, the cryptocurrency market is expected to continue experiencing fluctuations in the near future. Factors such as economic events, regulatory developments, and technological advancements can influence market dynamics. It is important for traders and investors to stay updated on the latest news and market trends to identify potential opportunities and minimize risks. As the market evolves, it is crucial to adapt strategies and make informed decisions based on reliable information and analysis.
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.
