πŸ“ƒ Jan 07, 2025 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

In the past 24 hours, the cryptocurrency market has shown a neutral to slightly upward trend. Bitcoin, Ethereum, and Dogecoin experienced significant jumps in value, indicating a positive market sentiment. Bitcoin’s price has seen a reversal with long-term upside momentum returning, while Ethereum has displayed a bullish pattern. Additionally, MicroStrategy announced a purchase of 1,000 BTC by 2025, further contributing to the positive sentiment. The market also observed an increase in trading volumes and open interest for XRP, indicating growing interest from investors. However, it is important to note that Bitcoin dominance chart has formed the first daily death cross in four years, which could potentially introduce short-term volatility.

Overall, the evidence suggests a favorable market sentiment, with multiple cryptocurrencies displaying positive indicators and notable events contributing to the upward trend. The confidence in this analysis is moderate, as it is based on up-to-date data and reputable sources within the cryptocurrency market.

What is important

Key Points:

– Bitcoin, Ethereum, and Dogecoin experienced significant jumps in value, indicating positive market sentiment.
– Long-term upside momentum has returned for Bitcoin, reinforcing positive price action.
– Ethereum has displayed a bullish pattern, suggesting potential price gains.
– MicroStrategy’s purchase of 1,000 BTC by 2025 demonstrates institutional interest.
– XRP has seen increased trading volume and open interest, indicating growing investor attention.
– Bitcoin dominance chart has formed a daily death cross, introducing short-term volatility.

These factors highlight the dynamic nature of the cryptocurrency market, with various currencies showing positive momentum and notable events shaping the market landscape.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘ Why Bitcoin, Ethereum, and Dogecoin Jumped Today
– Bitcoin, Ethereum, and Dogecoin saw significant jumps in value today.

πŸ‘ Dogecoin Price Mirrors Bullish Pattern From Last Cycle, Is A Rally To $6 Possible?
– The article discusses a bullish pattern in the price of Dogecoin.

πŸ‘ Bitcoin (BTC) Price Reversal, but Long-Term Upside Momentum Returning
– Bitcoin price shows signs of reversal with long-term upside momentum returning.

πŸ‘ MicroStrategy kicks off 2025 with 1K Bitcoin purchase announcement
– MicroStrategy plans to buy 1,000 BTC by 2025.

πŸ‘ BTC price tops $101K as MicroStrategy makes first Bitcoin buy of 2025
– BTC price exceeds $101k as MicroStrategy purchases Bitcoin.

Factors DrivingΒ the Growth – Market Sentiment

Positive Keywords Analysis: Bitcoin, Ethereum, and Dogecoin have experienced significant jumps in value, indicating positive market sentiment. MicroStrategy’s purchase of Bitcoin further contributes to the positive outlook. XRP is showing increased trading volume and open interest, suggesting growing interest from investors.

Negative Keywords Analysis: No negative keywords were identified in the given dataset.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
40bitcoin
15cryptocurrency market
13dogecoin
13microstrategy
122025
10$100k
10ethereum
8xrp
6price
5altcoins

Negative Terms – Sentiment Analysis

OccurrencesKeyword
5bitcoin
2bitcoin core
2coinbase
2crash
2debasement trade
2do kwon
2global crackdown
2pepe coin
2torture
1$1 million

Crypto Investor Fear & Greed Index

Fear and Greed Indicators Analysis: The Fear and Greed Indicators for the cryptocurrency market are not provided in the dataset. Therefore, no analysis can be performed on this particular dataset.

DateValueVariationSource
2025-01-07 00:00:0076pt0ptAlternative.me
2025-01-07 00:00:0078pt2ptAlternative.me
2025-01-06 00:00:0072pt0ptAlternative.me
2025-01-06 00:00:0076pt4ptAlternative.me
2025-01-05 00:00:0072pt-1ptAlternative.me
2025-01-05 00:00:0073pt0ptAlternative.me
2025-01-07 00:00:0076pt0ptBinance.com
2025-01-07 00:00:0078pt2ptBinance.com
2025-01-06 00:00:0072pt0ptBinance.com
2025-01-06 00:00:0076pt4ptBinance.com
2025-01-05 00:00:0072pt-1ptBinance.com
2025-01-05 00:00:0073pt0ptBinance.com
2025-01-07 00:00:0076pt4ptBitDegree.org
2025-01-06 00:00:0072pt-1ptBitDegree.org
2025-01-05 00:00:0073pt0ptBitDegree.org
2025-01-07 00:00:0066pt-1ptBtcTools.io
2025-01-06 16:00:0067pt1ptBtcTools.io
2025-01-06 08:00:0066pt7ptBtcTools.io
2025-01-06 00:00:0059pt-1ptBtcTools.io
2025-01-05 00:00:0060pt2ptBtcTools.io
2025-01-04 08:00:0058pt0ptBtcTools.io
2025-01-07 00:00:0060pt-1ptCoinstats.app
2025-01-07 00:00:0061pt0ptCoinstats.app
2025-01-06 00:00:0060pt0ptCoinstats.app
2025-01-06 00:00:0061pt1ptCoinstats.app
2025-01-05 00:00:0057pt0ptCoinstats.app
2025-01-05 00:00:0060pt3ptCoinstats.app

Bitcoin: Active Addresses

Bitcoin Address Indicators Analysis: The dataset does not provide information on Bitcoin address indicators, and therefore, no analysis can be performed on this particular dataset.

DateAddressesVariationIndicatorSource
2025-01-07 01:00:001,360,813,9810.00%Total Addressesbitaps.com
2025-01-07 01:00:001,308,205,9660.00%Zero Balance Addressesbitaps.com
2025-01-07 01:00:00766,6750.59%Bitcoin Active Addressesbtc.com
2025-01-07 01:00:00540,3350.00%Addresses with over 0bitaps.com
2025-01-07 01:00:00219,2220.00%Addresses with over 0.0000001bitaps.com
2025-01-07 01:00:004,050,7310.00%Addresses with over 0.000001bitaps.com
2025-01-07 01:00:0010,845,5570.00%Addresses with over 0.00001bitaps.com
2025-01-07 01:00:0013,077,4360.00%Addresses with over 0.0001bitaps.com
2025-01-07 01:00:0011,524,347-0.02%Addresses with over 0.001bitaps.com
2025-01-07 01:00:007,881,524-0.01%Addresses with over 0.01bitaps.com
2025-01-07 01:00:003,475,066-0.01%Addresses with over 0.1bitaps.com
2025-01-07 01:00:00841,4470.00%Addresses with over 1bitaps.com
2025-01-07 01:00:00134,581-0.01%Addresses with over 10bitaps.com
2025-01-07 01:00:0015,706-0.01%Addresses with over 100bitaps.com
2025-01-07 01:00:001,9660.00%Addresses with over 1,000bitaps.com
2025-01-07 01:00:00930.00%Addresses with over 10,000bitaps.com
2025-01-07 01:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

Economic Events Analysis: The dataset does not provide information on economic events related to the cryptocurrency market, and therefore, no analysis can be performed on this particular dataset.

DateImpactEvent
2025-01-08 17:00:00ModerateEIA Natural Gas Report Week over Week
2025-01-08 15:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2025-01-08 15:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2025-01-08 15:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2025-01-08 13:30:00HighJobless Claims Initial Claims – Level
2025-01-08 13:30:00HighJobless Claims Initial Claims – Change
2025-01-08 13:30:00HighJobless Claims 4-Week Moving Average
2025-01-08 13:15:00ModerateADP Employment Report Private Payrolls – M/M
2025-01-07 21:30:00ModerateUSD – API Weekly Crude Oil Stock
2025-01-07 18:00:00HighUSD – 10-Year Note Auction
2025-01-07 18:00:00ModerateUSD – Atlanta Fed GDPNow (Q4)
2025-01-07 15:00:00ModerateCAD – Ivey PMI (Dec)
2025-01-07 15:00:00HighUSD – JOLTS Job Openings (Nov)
2025-01-07 15:00:00HighUSD – ISM Non-Manufacturing Prices (Dec)
2025-01-07 15:00:00HighUSD – ISM Non-Manufacturing PMI (Dec)
2025-01-07 15:00:00ModerateUSD – ISM Non-Manufacturing Employment (Dec)
2025-01-07 15:00:00ModerateJOLTS Job Openings
2025-01-07 15:00:00ModerateISM Services Index Index
2025-01-07 13:30:00ModerateUSD – Trade Balance (Nov)
2025-01-07 13:30:00ModerateUSD – Imports (Nov)
2025-01-07 13:30:00ModerateUSD – Exports (Nov)
2025-01-07 13:30:00HighInternational Trade in Goods and Services Balance
2025-01-07 10:00:00ModerateEUR – Unemployment Rate (Nov)
2025-01-07 10:00:00ModerateEUR – CPI (MoM) (Dec)
2025-01-07 10:00:00HighEUR – CPI (YoY) (Dec)
2025-01-07 10:00:00ModerateEUR – Core CPI (YoY) (Dec)
2025-01-07 09:30:00ModerateGBP – S&P Global Construction PMI (Dec)
2025-01-07 08:00:00ModerateBRL – IPC-Fipe Inflation Index (MoM) (Dec)
2025-01-07 07:45:00ModerateEUR – French HICP (MoM) (Dec)
2025-01-07 07:45:00ModerateEUR – French CPI (MoM) (Dec)
2025-01-07 07:30:00ModerateCHF – CPI (MoM) (Dec)
2025-01-07 07:00:00ModerateGBP – Halifax House Price Index (YoY) (Dec)
2025-01-07 07:00:00ModerateGBP – Halifax House Price Index (MoM) (Dec)
2025-01-07 03:35:00ModerateJPY – 10-Year JGB Auction
2025-01-07 00:30:00ModerateAUD – Building Approvals (MoM) (Nov)
2025-01-07 00:01:00ModerateGBP – BRC Retail Sales Monitor (YoY) (Dec)
2025-01-06 20:30:00ModerateEUR – CFTC EUR speculative net positions
2025-01-06 20:30:00ModerateJPY – CFTC JPY speculative net positions
2025-01-06 20:30:00ModerateBRL – CFTC BRL speculative net positions
2025-01-06 20:30:00ModerateAUD – CFTC AUD speculative net positions
2025-01-06 20:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2025-01-06 20:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2025-01-06 20:30:00ModerateUSD – CFTC Gold speculative net positions
2025-01-06 20:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2025-01-06 20:30:00ModerateGBP – CFTC GBP speculative net positions
2025-01-06 18:00:00ModerateUSD – 3-Year Note Auction
2025-01-06 15:00:00ModerateFactory Orders Month over Month
2025-01-06 15:00:00ModerateUSD – Factory Orders (MoM) (Nov)
2025-01-06 14:45:00HighUSD – S&P Global Services PMI (Dec)
2025-01-06 14:45:00ModerateUSD – S&P Global Composite PMI (Dec)
2025-01-06 13:00:00ModerateEUR – German CPI (YoY) (Dec)
2025-01-06 13:00:00HighEUR – German CPI (MoM) (Dec)
2025-01-06 09:30:00ModerateGBP – S&P Global Services PMI (Dec)
2025-01-06 09:30:00ModerateGBP – S&P Global Composite PMI (Dec)
2025-01-06 09:00:00ModerateEUR – HCOB Eurozone Services PMI (Dec)
2025-01-06 09:00:00ModerateEUR – HCOB Eurozone Composite PMI (Dec)
2025-01-06 08:55:00ModerateEUR – HCOB Germany Services PMI (Dec)
2025-01-06 08:50:00ModerateEUR – HCOB France Services PMI (Dec)
2025-01-06 08:45:00ModerateEUR – HCOB Italy Services PMI (Dec)
2025-01-06 08:15:00ModerateEUR – HCOB Spain Services PMI (Dec)

Crypto Assets Prices

Prices Analysis: Bitcoin, Ethereum, and Binance Coin have displayed positive trends in their prices, with significant jumps and bullish patterns observed. This indicates growing market confidence and potential upward movements. However, further analysis on price volatility and specific price levels is required to make more precise predictions.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-01-07 07:51:00Bitcoin101,701.082.29%2.401.27%4.071.38%
2025-01-06 07:51:00Bitcoin99,376.081.07%1.131.08%2.691.39%
2025-01-05 07:51:00Bitcoin98,313.510.03%0.04-2.01%1.30-1.70%
2025-01-07 07:51:00Ethereum3,667.790.40%0.47-0.12%3.390.48%
2025-01-06 07:51:00Ethereum3,653.000.58%0.59-0.46%2.900.02%
2025-01-05 07:51:00Ethereum3,631.990.89%1.06-3.79%2.88-3.16%
2025-01-07 07:51:00Binance Coin730.792.20%2.301.98%4.832.89%
2025-01-06 07:51:00Binance Coin714.690.36%0.321.13%1.940.48%
2025-01-05 07:51:00Binance Coin712.11-0.86%-0.81-3.32%1.46-2.10%

CryptocurrencyΒ Capitalization and Volume

Market Capitalizations and Volumes Analysis: The dataset provides information on the total market capitalization and volume of major cryptocurrencies. However, without additional data or historical trends, it is challenging to draw meaningful insights from this analysis. Further monitoring of market capitalizations and volumes is necessary for a comprehensive understanding of the cryptocurrency market.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-01-07 00:00:00Binance Coin106,614,621,7812.98%1,170,894,666169.62%
2025-01-06 00:00:00Binance Coin103,526,154,052-0.59%434,273,417-13.52%
2025-01-05 00:00:00Binance Coin104,139,561,8470.15%502,154,128-47.28%
2025-01-07 00:00:00Bitcoin2,024,825,178,6203.86%46,713,934,617130.06%
2025-01-06 00:00:00Bitcoin1,949,654,031,5900.19%20,304,848,516-2.25%
2025-01-05 00:00:00Bitcoin1,945,909,289,8000.16%20,772,973,269-41.15%
2025-01-07 00:00:00Ethereum444,015,369,6441.28%24,439,537,35895.94%
2025-01-06 00:00:00Ethereum438,407,202,807-0.55%12,472,800,353-21.69%
2025-01-05 00:00:00Ethereum440,826,946,6131.51%15,928,272,786-28.39%
2025-01-07 00:00:00Tether137,371,602,3940.05%80,056,221,20770.42%
2025-01-06 00:00:00Tether137,303,484,0280.04%46,975,583,69284.93%
2025-01-05 00:00:00Tether137,249,795,2220.04%25,401,330,742-28.09%

Cryptocurrency Exchanges Volume and Variation

Exchanges Analysis: The dataset provides information on the total volume of major exchanges in the cryptocurrency market. While the data indicates fluctuations in trading volumes for various exchanges, additional data and analysis are required to assess the impact on market trends and investor sentiment.

DateExchangeVolumeVariation
2025-01-07 00:00:00Binance201,88659.57%
2025-01-06 00:00:00Binance126,520-13.29%
2025-01-05 00:00:00Binance145,905-31.31%
2025-01-07 00:00:00Binance US17371.29%
2025-01-06 00:00:00Binance US101-27.34%
2025-01-05 00:00:00Binance US139-21.02%
2025-01-07 00:00:00Bitfinex2,497208.65%
2025-01-06 00:00:00Bitfinex809-29.28%
2025-01-05 00:00:00Bitfinex1,144-42.34%
2025-01-07 00:00:00Bybit62,10383.56%
2025-01-06 00:00:00Bybit33,832-8.99%
2025-01-05 00:00:00Bybit37,175-29.74%
2025-01-07 00:00:00Coinbase41,968142.58%
2025-01-06 00:00:00Coinbase17,301-22.57%
2025-01-05 00:00:00Coinbase22,345-44.73%
2025-01-07 00:00:00Crypto.com81,084187.27%
2025-01-06 00:00:00Crypto.com28,226-32.28%
2025-01-05 00:00:00Crypto.com41,683-35.24%
2025-01-07 00:00:00Gate.io37,34531.51%
2025-01-06 00:00:00Gate.io28,397-12.48%
2025-01-05 00:00:00Gate.io32,445-15.67%
2025-01-07 00:00:00Kraken13,587159.89%
2025-01-06 00:00:00Kraken5,228-19.10%
2025-01-05 00:00:00Kraken6,462-53.98%
2025-01-07 00:00:00KuCoin11,56547.08%
2025-01-06 00:00:00KuCoin7,863-6.69%
2025-01-05 00:00:00KuCoin8,427-24.37%
2025-01-07 00:00:00OKX33,51270.91%
2025-01-06 00:00:00OKX19,608-20.65%
2025-01-05 00:00:00OKX24,711-26.32%

Mining – Blockchain Technology

Mining Analysis: The dataset provides information on mining difficulty, mined blocks, block rewards, and hash rate. However, without historical trends or additional data, it is difficult to draw meaningful insights or make predictions based on this analysis.

Item2025-01-072025-01-062025-01-052025-01-042025-01-032025-01-022025-01-01
Difficulty109.78T109.78T109.78T109.78T109.78T109.78T109.78T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks878.15K878.01K877.86K877.71K877.57K877.40K877.26K
Blocks Variation0.02%0.02%0.02%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 GB715.49B857.29B814.35B770.44B912.01B770.44B682.36B
Hash Rate GB Variation-16.54%5.27%5.70%-15.52%18.38%12.91%-23.30%

Conclusion

In conclusion, the cryptocurrency market has exhibited a neutral to slightly upward trend in the past 24 hours. Bitcoin, Ethereum, and Dogecoin have experienced significant jumps in value, indicating positive market sentiment. The return of long-term upside momentum for Bitcoin and the bullish pattern in Ethereum further support an optimistic outlook. MicroStrategy’s purchase of Bitcoin demonstrates continued institutional interest in the market. Additionally, XRP has seen increased trading volume and open interest, suggesting growing investor attention. However, the presence of a daily death cross on Bitcoin’s dominance chart introduces potential short-term volatility.

It is important to note that the analysis provided is based on the available dataset and up-to-date information. Continual monitoring of market trends and events is necessary for a comprehensive understanding of the cryptocurrency market.

So What

Considering the positive market sentiment and various indicators mentioned, it is essential for investors and market participants to stay informed and up-to-date with the latest news and developments. Positive trends in major cryptocurrencies and institutional interest highlight the potential for future growth and profitability. However, it is crucial to approach the market with caution, considering factors such as short-term volatility and regulatory changes to make informed investment decisions.

What next?

Looking ahead, market participants should closely monitor price movements, institutional involvement, and regulatory developments in the cryptocurrency market. The positive trends observed in Bitcoin, Ethereum, and other major cryptocurrencies indicate potential growth opportunities. However, it is important to remain vigilant and adapt to changing market conditions. Continued research and analysis will help investors navigate the dynamic landscape of the cryptocurrency market.

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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