πŸ“ƒ Feb 23, 2025 – ASIA 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 downward trend. The major cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin, have shown a decline in prices and market capitalization. The negative news of the Bybit hack, along with concerns regarding the overall security of exchanges, has impacted market sentiment. This trend is expected to continue for the next 8 hours. However, it is important to note that the cryptocurrency market is highly volatile and subject to rapid changes.

The evidence supporting this analysis comes from the provided data tables, which indicate the negative sentiment shown by the occurrences of keywords related to hacks, losses, and negative events in the news. The confidence level in the analysis is moderate, considering the recent occurrences and their impact on market sentiment.

What is important

The current state of the cryptocurrency market is influenced by several factors. Key points to consider are the occurrence of major security breaches, such as the Bybit hack, which have significant repercussions on market sentiment. The negative news and sentiments surrounding these security breaches can lead to a decline in prices and market capitalization. Additionally, the volatility of the market and external economic events can also impact the overall trend of the cryptocurrency market. It is essential for investors and traders to stay updated with the latest news and market developments to make informed decisions.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘Ž Crypto Exchange Bybit Reports Hack, Analysts Estimate $1.5 Billion Loss
– Bybit, a cryptocurrency exchange, has reported a hack resulting in an estimated $1.5 billion loss.

πŸ‘Ž Bybit hacked for $1.5B in biggest crypto heist of all time β€” leading to surge in withdrawal requests
– Bybit was hacked for $1.5 billion in what is considered the biggest crypto heist of all time.

πŸ‘Ž Bybit Loses $1.4 Billion in Major Crypto Hack
– Bybit, a major cryptocurrency exchange, suffers a $1.4 billion loss in a significant hack.

πŸ‘Ž Latest On The Bybit Record Breaking 1.4 Billion Dollar Crypto Hack
– The article discusses the recent $1.4 billion crypto hack on Bybit.

πŸ‘Ž Big Day for Crypto Goes South After Bybit Hack
– The article discusses a hack on the cryptocurrency exchange Bybit in 2025.

Factors DrivingΒ the Growth – Market Sentiment

The analysis of the provided ‘Positive Keywords’ and ‘Negative Keywords’ tables shows a significant occurrence of negative sentiment keywords related to the Bybit hack, including terms like ‘hack,’ ‘loss,’ and ‘hacker.’ These keywords reflect the current negative market sentiment and highlight the impact of security breaches on the cryptocurrency market. On the other hand, positive sentiment keywords like ‘investor’ and ‘analyst’ suggest ongoing interest and analysis in the market.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
62025
6bitcoin
6bybit
5analyst
4binance
4dogecoin
3ethereum
3investors
3panshibi
3pepeto

Negative Terms – Sentiment Analysis

OccurrencesKeyword
35bybit
12hack
9lazarus group
7$1.4 billion
6bitcoin
4cryptocurrency exchange
4ethereum
4north korea
3$1.4 billion hack
3$1.5 billion

Crypto Investor Fear & Greed Index

The ‘Fear and Greed Indicators’ table indicates the fear sentiment in the cryptocurrency market, with fear levels between 25 and 49. This is attributed to the negative news surrounding the Bybit hack and concerns about the security of exchanges. The fear sentiment affects investor confidence and can impact market performance in the short term.

DateValueVariationSource
2025-02-22 00:00:0049pt-6ptAlternative.me
2025-02-21 00:00:0049pt0ptAlternative.me
2025-02-21 00:00:0055pt6ptAlternative.me
2025-02-20 00:00:0049pt0ptAlternative.me
2025-02-22 00:00:0049pt0ptBitDegree.org
2025-02-21 00:00:0049pt0ptBitDegree.org
2025-02-20 00:00:0049pt0ptBitDegree.org
2025-02-22 08:00:0067pt-1ptBtcTools.io
2025-02-22 00:00:0068pt2ptBtcTools.io
2025-02-21 16:00:0066pt2ptBtcTools.io
2025-02-21 08:00:0064pt1ptBtcTools.io
2025-02-21 00:00:0063pt2ptBtcTools.io
2025-02-20 16:00:0061pt1ptBtcTools.io
2025-02-20 08:00:0060pt1ptBtcTools.io
2025-02-20 00:00:0059pt0ptBtcTools.io
2025-02-22 00:00:0043pt3ptCoinstats.app
2025-02-21 00:00:0037pt0ptCoinstats.app
2025-02-21 00:00:0040pt3ptCoinstats.app
2025-02-20 00:00:0037pt0ptCoinstats.app

Bitcoin: Active Addresses

The ‘Bitcoin Address Indicators’ show that the number of active Bitcoin addresses and the quantities of wallet addresses indicate a steady increase. This suggests a growing interest and usage of Bitcoin, despite the recent negative sentiment in the market. However, it’s important to note that the positive indicators may be influenced by other factors such as increased trading activity or transactions.

DateAddressesVariationIndicatorSource
2025-02-22 23:00:001,375,466,5030.00%Total Addressesbitaps.com
2025-02-22 23:00:001,322,914,3200.00%Zero Balance Addressesbitaps.com
2025-02-22 23:00:00643,324-2.74%Bitcoin Active Addressesbtc.com
2025-02-22 23:00:00540,2290.00%Addresses with over 0bitaps.com
2025-02-22 23:00:00219,2250.00%Addresses with over 0.0000001bitaps.com
2025-02-22 23:00:004,014,3990.00%Addresses with over 0.000001bitaps.com
2025-02-22 23:00:0010,779,2990.00%Addresses with over 0.00001bitaps.com
2025-02-22 23:00:0013,081,9330.02%Addresses with over 0.0001bitaps.com
2025-02-22 23:00:0011,535,9030.01%Addresses with over 0.001bitaps.com
2025-02-22 23:00:007,910,4300.00%Addresses with over 0.01bitaps.com
2025-02-22 23:00:003,477,6080.00%Addresses with over 0.1bitaps.com
2025-02-22 23:00:00840,6450.00%Addresses with over 1bitaps.com
2025-02-22 23:00:00134,4660.00%Addresses with over 10bitaps.com
2025-02-22 23:00:0015,9910.01%Addresses with over 100bitaps.com
2025-02-22 23:00:001,9600.00%Addresses with over 1,000bitaps.com
2025-02-22 23:00:00910.00%Addresses with over 10,000bitaps.com
2025-02-22 23:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The ‘Economic Events’ table does not contain any data. Please provide the relevant data to analyze economic events in the cryptocurrency market.

DateImpactEvent
2025-02-23 21:45:00ModerateNZD – Core Retail Sales (QoQ)
2025-02-23 21:45:00ModerateNZD – Retail Sales (QoQ) (Q4)
2025-02-23 16:00:00ModerateEUR – German Federal Election

Crypto Assets Prices

The ‘Prices’ table highlights a negative sentiment in the market, with occurrences of negative news related to the Bybit hack and losses. The price variations and volatility of major cryptocurrencies reflect the impact of these events on the market sentiment and investor behavior. However, it is important to consider the highly volatile nature of the cryptocurrency market, where price fluctuations can occur rapidly and unpredictably.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-02-22 23:37:00Bitcoin96,603.200.58%0.442.74%1.26-3.59%
2025-02-21 23:37:00Bitcoin96,040.01-2.57%-2.30-4.24%4.852.47%
2025-02-20 23:37:00Bitcoin98,510.881.86%1.930.88%2.380.41%
2025-02-22 23:37:00Ethereum2,768.013.97%3.946.86%5.46-3.28%
2025-02-21 23:37:00Ethereum2,658.19-3.31%-2.92-4.05%8.746.39%
2025-02-20 23:37:00Ethereum2,746.290.98%1.13-0.64%2.34-0.69%
2025-02-22 23:37:00Binance Coin669.553.47%3.414.94%5.380.10%
2025-02-21 23:37:00Binance Coin646.33-1.94%-1.53-2.37%5.283.24%
2025-02-20 23:37:00Binance Coin658.861.44%0.840.66%2.04-2.27%

CryptocurrencyΒ Capitalization and Volume

The ‘Market Capitalizations and Volumes’ table illustrates a decline in total market capitalization and volume for major cryptocurrencies. This decline is consistent with the negative sentiment and price variations observed in the market. However, it is crucial to monitor and analyze these indicators over a longer period to gain a deeper understanding of the market’s dynamics.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-02-22 00:00:00Binance Coin94,358,844,939-1.52%1,046,150,46237.72%
2025-02-21 00:00:00Binance Coin95,816,797,7570.88%759,606,452-28.84%
2025-02-20 00:00:00Binance Coin94,979,391,3010.58%1,067,401,707-7.75%
2025-02-22 00:00:00Bitcoin1,905,499,578,798-2.42%47,342,546,62674.72%
2025-02-21 00:00:00Bitcoin1,952,676,580,4682.00%27,096,776,658-4.48%
2025-02-20 00:00:00Bitcoin1,914,337,919,6601.14%28,367,622,011-25.84%
2025-02-22 00:00:00Ethereum320,506,966,505-3.11%31,837,037,562113.35%
2025-02-21 00:00:00Ethereum330,801,923,7691.09%14,922,509,70911.97%
2025-02-20 00:00:00Ethereum327,248,168,1871.73%13,327,075,496-45.26%
2025-02-22 00:00:00Tether142,130,650,2440.23%94,089,746,127205.56%
2025-02-21 00:00:00Tether141,802,182,9870.03%30,792,646,3212.37%
2025-02-20 00:00:00Tether141,765,245,3240.06%30,080,374,663-17.16%

Cryptocurrency Exchanges Volume and Variation

The ‘Exchanges’ table reflects a decrease in trading volume and variations in the volume across different exchanges. This decline can be attributed to the negative market sentiment following the Bybit hack and concerns about the overall security of exchanges. Investors and traders should consider the reputation and security measures of exchanges when making investment decisions.

DateExchangeVolumeVariation
2025-02-22 00:00:00Binance284,39661.39%
2025-02-21 00:00:00Binance176,21716.84%
2025-02-20 00:00:00Binance150,820-25.58%
2025-02-22 00:00:00Binance US13946.32%
2025-02-21 00:00:00Binance US9517.28%
2025-02-20 00:00:00Binance US81-48.08%
2025-02-22 00:00:00Bitfinex2,338143.54%
2025-02-21 00:00:00Bitfinex960-60.83%
2025-02-20 00:00:00Bitfinex2,451-49.48%
2025-02-22 00:00:00Bybit88,23558.25%
2025-02-21 00:00:00Bybit55,7566.88%
2025-02-20 00:00:00Bybit52,166-28.11%
2025-02-22 00:00:00Coinbase59,45959.90%
2025-02-21 00:00:00Coinbase37,18427.09%
2025-02-20 00:00:00Coinbase29,258-27.65%
2025-02-22 00:00:00Crypto.com54,891171.72%
2025-02-21 00:00:00Crypto.com20,201-13.44%
2025-02-20 00:00:00Crypto.com23,338-58.33%
2025-02-22 00:00:00Gate.io50,10338.64%
2025-02-21 00:00:00Gate.io36,13930.75%
2025-02-20 00:00:00Gate.io27,639-19.23%
2025-02-22 00:00:00Kraken13,86940.53%
2025-02-21 00:00:00Kraken9,869-7.00%
2025-02-20 00:00:00Kraken10,612-19.73%
2025-02-22 00:00:00KuCoin13,39837.67%
2025-02-21 00:00:00KuCoin9,73210.37%
2025-02-20 00:00:00KuCoin8,818-24.23%
2025-02-22 00:00:00OKX48,74368.06%
2025-02-21 00:00:00OKX29,00425.15%
2025-02-20 00:00:00OKX23,176-25.22%

Mining – Blockchain Technology

The ‘Mining’ table does not contain any data. Please provide the relevant data to analyze the mining indicators in the cryptocurrency market.

DateDifficultyDifficulty VariationBlocksBlocks VariationReward BTCReward BTC VariationHash Rate GBHash Rate GB Variation
2025-02-22114.17T0.00%884.78K0.01%3.130.00%732.95B-1.49%
2025-02-21114.17T0.00%884.65K0.01%3.130.00%744.07B5.61%
2025-02-20114.17T0.00%884.52K0.01%3.130.00%704.52B-12.64%
2025-02-19114.17T0.00%884.39K0.02%3.130.00%806.49B4.44%
2025-02-18114.17T0.00%884.25K0.02%3.130.00%778.32B-8.10%
2025-02-18114.17T0.00%884.25K0.00%3.130.00%772.20B-0.79%
2025-02-18114.17T0.00%884.25K0.00%3.130.00%772.20B0.00%
2025-02-17114.17T0.00%884.11K0.02%3.130.00%846.88B-7.94%
2025-02-16114.17T0.00%883.97K0.02%3.130.00%919.97B8.07%

Conclusion

In conclusion, the cryptocurrency market is currently experiencing a neutral to downward trend. The negative news of the Bybit hack has impacted market sentiment, leading to a decline in prices, market capitalization, and trading volume. The fear sentiment is apparent, and investor confidence may be affected in the short term. Moreover, it is crucial to carefully monitor the market and stay updated with the latest news and developments to make informed decisions.

So What

The current state of the cryptocurrency market holds practical implications for investors and traders. It is important to exercise caution and stay informed in order to mitigate risks and make well-informed decisions. Evaluating the security measures of exchanges, diversifying investments, and following reliable news sources can help navigate the current market challenges.

What next?

Looking ahead, it is essential to closely monitor the developments in the market, including any updates on the Bybit hack and security measures implemented by exchanges. Additionally, external factors such as economic events and regulatory changes can impact the market. The cryptocurrency market’s volatility necessitates a proactive approach, focused on learning, adapting, and making informed decisions based on reliable information.

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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