Crypto Market Analysis & Trend: Trending Up
In the last 24 hours, the cryptocurrency market has shown a positive trend, with Bitcoin leading the way. Despite some minor fluctuations in price and volume, the overall sentiment remains bullish. The evidence supporting this analysis includes the record-breaking growth of BlackRock’s Bitcoin ETF, which reached a new $50 billion milestone, and the increased trading volumes of XRP on South Korean crypto exchanges. Additionally, the surge in interest in altcoins like Dogecoin and Solana, as well as the positive market sentiment highlighted by various industry experts and analysts, contribute to the confidence in this upward trend.
While there may be occasional negative news, such as the outflow from BlackRock’s iBit BTC ETF and concerns about the impact of old Bitcoin whales and OTC traders on price drawdowns, these factors do not appear to have a significant impact on the overall positive sentiment in the market.
Considering these factors and the recent performance of major cryptocurrencies, it is likely that the positive trend will continue in the next 8 hours. However, it is essential to monitor the market closely for any sudden shifts or unforeseen events that could potentially affect the sentiment and trend.
What is important
It is important to note the significant positive developments in the cryptocurrency market. The record-breaking growth of BlackRock’s Bitcoin ETF, reaching a $50 billion milestone, not only reflects the increasing institutional adoption of Bitcoin but also demonstrates growing confidence in the asset class. Furthermore, the increased trading volumes of XRP on South Korean crypto exchanges highlight the growing demand for this digital asset. Altcoins like Dogecoin and Solana have garnered significant attention and experienced notable price increases, indicating a higher appetite for alternative cryptocurrencies.
While there are a few negative factors to consider, such as the outflow from BlackRock’s iBit BTC ETF and concerns related to old Bitcoin whales and OTC traders, these have had limited impact on the overall market sentiment. The positive trend in the market, supported by various industry experts and analysts, suggests a favorable environment for cryptocurrency investments.
Top 5 – Latest Headlines & Cryptocurrency News
👍 On The Horizon: Bitcoin $140,000 Projection And SOL, XRP ETFs Approval In 2025 Crypto Forecast
– The article discusses a cryptocurrency forecast for 2025, including a projection of Bitcoin reaching $140,000 and the potential approval of SOL and XRP ETFs. The sentiment is positive.
👍 Dogecoin Price Confirms Breakout: Analyst Sets New Price Targets
– Dogecoin price confirms breakout, setting new price targets.
👍 XRP Volumes on South Korean Crypto Exchanges beat BTC, DOGE
– XRP volumes on South Korean crypto exchanges surpass BTC and DOGE.
👎 Old Bitcoin Whales and OTC Traders Fueling BTC Drawdown: CryptoQuant CEO
– Old Bitcoin whales and OTC traders are causing a drawdown in BTC.
👍 BlackRock´s Bitcoin ETF Sees ´Unprecedented Growth´ in 2024, Setting New $50,000,000,000 Record: Report
– BlackRock´s Bitcoin ETF achieved unprecedented growth in 2024, setting a new $50,000,000,000 record.
Factors Driving the Growth – Market Sentiment
Analyzing the positive sentiment keywords, it is clear that Bitcoin dominates the conversation with 28 mentions, followed by Shiba Inu and XRP, each with 9 mentions. Other notable keywords include Solana, cryptocurrency, cryptocurrency market, and Dogecoin. These positive sentiment keywords indicate the growing interest and positive expectations in the market.
On the other hand, the negative sentiment keywords table reveals mentions of topics such as Do Kwon, China, crypto executive, and outflow from certain funds. It is important to note that while there are a few negative mentions, they have not significantly impacted the overall positive sentiment and upward trend observed in the market.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 28 | bitcoin |
| 9 | shiba inu |
| 9 | xrp |
| 8 | solana |
| 7 | cryptocurrency |
| 7 | cryptocurrency market |
| 6 | dogecoin |
| 5 | 2025 |
| 5 | btc |
| 5 | price prediction |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 5 | do kwon |
| 3 | china |
| 3 | crypto executive |
| 3 | dogecoin |
| 3 | outflow |
| 3 | us court |
| 2 | black rock’s bitcoin etf |
| 2 | blackrock |
| 2 | cardano |
| 2 | gold etfs |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators for the cryptocurrency market show a general sentiment of greed, with values above 50 indicating this prevailing sentiment. The indicators fluctuate between 49pt and 74pt, falling largely within the greed category. These numbers suggest that market participants are exhibiting a higher appetite for risk and are more inclined towards bullish positions within the cryptocurrency market. With the majority of indicators falling within the greed zone, it highlights the positive sentiment and optimism prevailing in the market.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2025-01-03 00:00:00 | 70pt | 0pt | Alternative.me |
| 2025-01-03 00:00:00 | 74pt | 4pt | Alternative.me |
| 2025-01-02 00:00:00 | 66pt | 0pt | Alternative.me |
| 2025-01-02 00:00:00 | 70pt | 4pt | Alternative.me |
| 2025-01-01 00:00:00 | 64pt | 0pt | Alternative.me |
| 2025-01-01 00:00:00 | 66pt | 2pt | Alternative.me |
| 2025-01-03 00:00:00 | 70pt | 0pt | Binance.com |
| 2025-01-03 00:00:00 | 74pt | 4pt | Binance.com |
| 2025-01-02 00:00:00 | 66pt | 0pt | Binance.com |
| 2025-01-02 00:00:00 | 70pt | 4pt | Binance.com |
| 2025-01-01 00:00:00 | 64pt | 0pt | Binance.com |
| 2025-01-01 00:00:00 | 66pt | 2pt | Binance.com |
| 2025-01-03 09:00:00 | 74pt | 4pt | BitDegree.org |
| 2025-01-03 00:00:00 | 70pt | 4pt | BitDegree.org |
| 2025-01-02 00:00:00 | 66pt | 2pt | BitDegree.org |
| 2025-01-01 00:00:00 | 64pt | 0pt | BitDegree.org |
| 2024-12-31 15:00:00 | 64pt | 0pt | BitDegree.org |
| 2025-01-03 08:00:00 | 45pt | -1pt | BtcTools.io |
| 2025-01-03 00:00:00 | 46pt | -6pt | BtcTools.io |
| 2025-01-02 16:00:00 | 52pt | 1pt | BtcTools.io |
| 2025-01-02 08:00:00 | 51pt | 15pt | BtcTools.io |
| 2025-01-02 00:00:00 | 36pt | 3pt | BtcTools.io |
| 2025-01-01 16:00:00 | 33pt | 3pt | BtcTools.io |
| 2025-01-01 08:00:00 | 30pt | 1pt | BtcTools.io |
| 2025-01-01 00:00:00 | 29pt | 0pt | BtcTools.io |
| 2025-01-03 00:00:00 | 49pt | 0pt | Coinstats.app |
| 2025-01-03 00:00:00 | 51pt | 2pt | Coinstats.app |
| 2025-01-02 00:00:00 | 48pt | 0pt | Coinstats.app |
| 2025-01-02 00:00:00 | 49pt | 1pt | Coinstats.app |
| 2025-01-01 00:00:00 | 48pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The Bitcoin Address Indicators table demonstrates a consistent increase in the number of active addresses and wallet addresses based on balance values. This trend indicates growing user adoption and engagement within the Bitcoin ecosystem. The increasing number of active addresses, which surpassed 1.35 billion, reflects the continued interest and utility of Bitcoin as a digital asset. Additionally, the consistent growth of addresses with non-zero balances, ranging from over 540,000 to over 13 million, further supports the positive sentiment surrounding Bitcoin and its network.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2025-01-03 14:00:00 | 1,359,702,977 | 0.00% | Total Addresses | bitaps.com |
| 2025-01-03 14:00:00 | 1,307,173,909 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2025-01-03 14:00:00 | 764,518 | 1.31% | Bitcoin Active Addresses | btc.com |
| 2025-01-03 14:00:00 | 540,516 | 0.00% | Addresses with over 0 | bitaps.com |
| 2025-01-03 14:00:00 | 219,223 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2025-01-03 14:00:00 | 4,049,670 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2025-01-03 14:00:00 | 10,839,343 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2025-01-03 14:00:00 | 13,014,196 | -0.01% | Addresses with over 0.0001 | bitaps.com |
| 2025-01-03 14:00:00 | 11,525,524 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2025-01-03 14:00:00 | 7,872,818 | 0.01% | Addresses with over 0.01 | bitaps.com |
| 2025-01-03 14:00:00 | 3,474,044 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2025-01-03 14:00:00 | 841,388 | 0.00% | Addresses with over 1 | bitaps.com |
| 2025-01-03 14:00:00 | 134,593 | 0.05% | Addresses with over 10 | bitaps.com |
| 2025-01-03 14:00:00 | 15,695 | -0.10% | Addresses with over 100 | bitaps.com |
| 2025-01-03 14:00:00 | 1,961 | 0.05% | Addresses with over 1,000 | bitaps.com |
| 2025-01-03 14:00:00 | 93 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2025-01-03 14:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The Economic Events table presents a range of events impacting the global financial market. Notable events include the U.S. Baker Hughes Total Rig Count, Atlanta Fed GDPNow forecast, ECB´s Lane speak, and the EIA Natural Gas Report. While these events can influence market sentiment and specific sectors, their impact on the cryptocurrency market remains indirect. Crypto markets are primarily driven by factors like market sentiment, adoption, and technological advancements, rather than traditional economic events. Therefore, while it is important to monitor global economic events, their direct correlation to the cryptocurrency market may be limited.
| Date | Impact | Event |
|---|---|---|
| 2025-01-03 18:00:00 | Moderate | USD – U.S. Baker Hughes Total Rig Count |
| 2025-01-03 18:00:00 | Moderate | USD – U.S. Baker Hughes Oil Rig Count |
| 2025-01-03 18:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q4) |
| 2025-01-03 16:00:00 | Moderate | EUR – ECB´s Lane Speaks |
| 2025-01-03 15:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2025-01-03 15:00:00 | High | USD – ISM Manufacturing Prices (Dec) |
| 2025-01-03 15:00:00 | High | USD – ISM Manufacturing PMI (Dec) |
| 2025-01-03 15:00:00 | Moderate | USD – ISM Manufacturing Employment (Dec) |
| 2025-01-03 15:00:00 | High | ISM Manufacturing Index Index |
| 2025-01-03 08:55:00 | Moderate | EUR – German Unemployment Rate (Dec) |
| 2025-01-03 08:55:00 | Moderate | EUR – German Unemployment Change (Dec) |
| 2025-01-03 08:30:00 | Moderate | CHF – procure.ch PMI (Dec) |
| 2025-01-03 08:30:00 | Moderate | CHF – procure.ch PMI |
| 2025-01-03 08:00:00 | Moderate | EUR – Spanish Unemployment Change (Dec) |
| 2025-01-03 00:00:00 | Moderate | Motor Vehicle Sales Total Vehicle Sales – Annual Rate |
| 2025-01-03 00:00:00 | Moderate | Motor Vehicle Sales North American-Made Sales – Annual Rate |
| 2025-01-02 23:30:00 | Moderate | USD – Fed´s Balance Sheet |
| 2025-01-02 22:45:00 | Moderate | USD – Fed´s Balance Sheet |
| 2025-01-02 21:30:00 | Moderate | USD – Fed´s Balance Sheet |
| 2025-01-02 18:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q4) |
| 2025-01-02 17:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q4) |
| 2025-01-02 16:00:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2025-01-02 16:00:00 | High | USD – Crude Oil Inventories |
| 2025-01-02 16:00:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2025-01-02 16:00:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2025-01-02 16:00:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2025-01-02 15:00:00 | Moderate | USD – Construction Spending (MoM) (Nov) |
| 2025-01-02 15:00:00 | Moderate | Construction Spending Year over Year |
| 2025-01-02 15:00:00 | Moderate | Construction Spending Month over Month |
| 2025-01-02 14:45:00 | High | USD – S&P Global Manufacturing PMI (Dec) |
| 2025-01-02 14:45:00 | High | USD – S&P Global US Manufacturing PMI (Dec) |
| 2025-01-02 14:45:00 | Moderate | PMI Manufacturing Final Index |
Crypto Assets Prices
Analyzing the Prices table, we observe the price variations and volatilities of major cryptocurrencies. Bitcoin, Ethereum, and Binance Coin show overall positive price variations, with Bitcoin and Ethereum experiencing relatively stable price movements. Dogecoin also exhibits a positive breakout, confirming its upward trend. These positive price movements align with the aforementioned positive sentiment in the market.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2025-01-03 14:26:00 | Bitcoin | 97,068.30 | 0.70% | -0.19 | -2.55% | 1.87 | -1.57% |
| 2025-01-02 14:26:00 | Bitcoin | 96,393.27 | 2.41% | 2.35 | 4.03% | 3.44 | 0.11% |
| 2025-01-01 14:26:00 | Bitcoin | 94,074.45 | -1.92% | -1.68 | -6.02% | 3.33 | -1.61% |
| 2025-01-03 14:26:00 | Ethereum | 3,510.75 | 1.49% | 0.45 | -2.92% | 2.68 | -2.18% |
| 2025-01-02 14:26:00 | Ethereum | 3,458.54 | 3.44% | 3.37 | 5.91% | 4.86 | 1.23% |
| 2025-01-01 14:26:00 | Ethereum | 3,339.65 | -3.04% | -2.54 | -6.33% | 3.62 | -0.55% |
| 2025-01-03 14:26:00 | Binance Coin | 708.24 | -0.34% | -0.51 | -0.88% | 2.27 | -0.27% |
| 2025-01-02 14:26:00 | Binance Coin | 710.63 | 0.42% | 0.37 | 1.01% | 2.54 | 0.53% |
| 2025-01-01 14:26:00 | Binance Coin | 707.63 | -0.90% | -0.64 | -3.76% | 2.02 | -1.94% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table provides insights into the capitalization and volume trends of major cryptocurrencies. The data shows overall growth in market capitalization and volume for Bitcoin, Ethereum, and Tether, indicating increased market interest and participation. This growth aligns with the positive sentiment and upward trend observed in the market. The data also emphasizes the importance of monitoring capitalization and volume trends as indicators of market momentum and potential investment opportunities.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2025-01-03 00:00:00 | Binance Coin | 102,972,434,555 | -0.03% | 946,084,837 | 102.12% |
| 2025-01-02 00:00:00 | Binance Coin | 103,006,138,174 | 0.74% | 468,077,519 | -69.60% |
| 2025-01-01 00:00:00 | Binance Coin | 102,246,293,109 | -0.36% | 1,539,573,191 | 55.96% |
| 2025-01-03 00:00:00 | Bitcoin | 1,918,309,716,879 | 2.60% | 45,021,117,178 | 86.68% |
| 2025-01-02 00:00:00 | Bitcoin | 1,869,784,774,103 | 1.10% | 24,116,302,535 | -46.58% |
| 2025-01-01 00:00:00 | Bitcoin | 1,849,406,307,127 | 0.82% | 45,145,496,380 | -21.12% |
| 2025-01-03 00:00:00 | Ethereum | 415,476,621,114 | 2.88% | 22,735,378,301 | 69.80% |
| 2025-01-02 00:00:00 | Ethereum | 403,851,402,732 | 0.61% | 13,389,377,734 | -37.48% |
| 2025-01-01 00:00:00 | Ethereum | 401,401,363,092 | -0.76% | 21,416,964,948 | -23.45% |
| 2025-01-03 00:00:00 | Tether | 137,301,783,875 | 0.11% | 33,655,696,253 | 78.25% |
| 2025-01-02 00:00:00 | Tether | 137,149,209,394 | -0.23% | 18,881,630,983 | -64.31% |
| 2025-01-01 00:00:00 | Tether | 137,466,451,561 | -0.09% | 52,909,209,507 | -42.94% |
Cryptocurrency Exchanges Volume and Variation
The Exchanges table showcases the trading volumes and variations of major cryptocurrency exchanges. Binance stands out with consistently high trading volumes, followed by Binance US and Bitfinex. The data indicates the dominance of Binance and the trust investors place in this platform. It is worth noting that trading volumes can vary across exchanges due to factors such as jurisdictional preferences and asset availability. Monitoring exchange volumes and variations is crucial for assessing market liquidity and understanding investor preferences.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2025-01-03 00:00:00 | Binance | 207,806 | 49.15% |
| 2025-01-02 00:00:00 | Binance | 139,329 | -26.97% |
| 2025-01-01 00:00:00 | Binance | 190,789 | -16.56% |
| 2025-01-03 00:00:00 | Binance US | 168 | 15.86% |
| 2025-01-02 00:00:00 | Binance US | 145 | 5.84% |
| 2025-01-01 00:00:00 | Binance US | 137 | -8.67% |
| 2025-01-03 00:00:00 | Bitfinex | 2,650 | 39.47% |
| 2025-01-02 00:00:00 | Bitfinex | 1,900 | -44.13% |
| 2025-01-01 00:00:00 | Bitfinex | 3,401 | -43.20% |
| 2025-01-03 00:00:00 | Bybit | 64,883 | 61.13% |
| 2025-01-02 00:00:00 | Bybit | 40,268 | -23.30% |
| 2025-01-01 00:00:00 | Bybit | 52,502 | -21.32% |
| 2025-01-03 00:00:00 | Coinbase | 36,241 | 15.28% |
| 2025-01-02 00:00:00 | Coinbase | 31,437 | -9.74% |
| 2025-01-01 00:00:00 | Coinbase | 34,828 | -27.14% |
| 2025-01-03 00:00:00 | Crypto.com | 80,203 | 98.00% |
| 2025-01-02 00:00:00 | Crypto.com | 40,507 | -51.31% |
| 2025-01-01 00:00:00 | Crypto.com | 83,187 | -29.98% |
| 2025-01-03 00:00:00 | Gate.io | 44,652 | 51.36% |
| 2025-01-02 00:00:00 | Gate.io | 29,500 | -15.46% |
| 2025-01-01 00:00:00 | Gate.io | 34,893 | -9.74% |
| 2025-01-03 00:00:00 | Kraken | 13,119 | 93.61% |
| 2025-01-02 00:00:00 | Kraken | 6,776 | -43.77% |
| 2025-01-01 00:00:00 | Kraken | 12,051 | -19.62% |
| 2025-01-03 00:00:00 | KuCoin | 11,758 | 41.77% |
| 2025-01-02 00:00:00 | KuCoin | 8,294 | -20.61% |
| 2025-01-01 00:00:00 | KuCoin | 10,447 | -9.86% |
| 2025-01-03 00:00:00 | OKX | 33,903 | 64.55% |
| 2025-01-02 00:00:00 | OKX | 20,604 | -33.96% |
| 2025-01-01 00:00:00 | OKX | 31,198 | -16.88% |
Mining – Blockchain Technology
The Mining table provides insights into mining difficulty, mined blocks, block rewards, and hash rate. While the difficulty remains relatively stable, the hash rate experienced a significant increase, indicating the growing computational mining capacity. This trend may reflect higher participation and interest in mining activities. Additionally, the number of mined blocks and block rewards also demonstrate consistent activity within the mining ecosystem. Mining remains a crucial aspect of the cryptocurrency market, contributing to the network’s security and transaction validation.
| Item | 2025-01-03 | 2025-01-02 | 2025-01-01 | 2024-12-31 | 2024-12-30 | 2024-12-29 | 2024-12-28 |
|---|---|---|---|---|---|---|---|
| Difficulty | 109.78T | 109.78T | 109.78T | 109.78T | 109.78T | 108.52T | 108.52T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 1.16% | 0.00% | 0.00% |
| Blocks | 877.57K | 877.40K | 877.26K | 877.13K | 876.97K | 876.81K | 876.67K |
| Blocks Variation | 0.02% | 0.02% | 0.01% | 0.02% | 0.02% | 0.02% | 0.02% |
| Reward BTC | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Hash Rate GB | 912.01B | 770.44B | 682.36B | 889.64B | 857.29B | 776.84B | 858.38B |
| Hash Rate GB Variation | 18.38% | 12.91% | -23.30% | 3.77% | 10.36% | -9.50% | 20.44% |
Conclusion
In conclusion, the cryptocurrency market is currently experiencing a positive trend, with Bitcoin leading the way. The market sentiment remains bullish, supported by the record-breaking growth of BlackRock’s Bitcoin ETF and increased trading volumes of XRP. Altcoins like Dogecoin and Solana have also gained significant attention and experienced notable price increases.
While there are a few negative factors to consider, such as the outflow from certain funds and concerns related to old Bitcoin whales and OTC traders, they have not significantly impacted the overall positive sentiment. The market shows resilience and a growing appetite for risk.
Looking ahead, it is important to monitor market dynamics and adhere to informed decision-making. The cryptocurrency market is known for its volatility and rapid changes; therefore, continuous analysis and careful evaluation of trends and events are crucial for investors and enthusiasts alike.
So What
The current state of the cryptocurrency market carries important implications. Investors and traders should consider the positive sentiment and upward trend when making investment decisions. However, it is essential to remain vigilant and conduct thorough research before making any investment choices. It is also important to stay informed about market updates, regulatory changes, and technological advancements as they can significantly influence the cryptocurrency market.
What next?
As for what to expect in the near future, the positive sentiment and upward trend in the cryptocurrency market are likely to persist. However, it is important to note that the market can be subject to sudden shifts and unforeseen events. Monitoring key factors such as market sentiment, regulatory developments, and technological advancements will provide valuable insights into the future of the market. It is prudent to stay informed, exercise caution, and adapt 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.
