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

Occurrences Keyword
40 bitcoin
15 cryptocurrency market
13 dogecoin
13 microstrategy
12 2025
10 $100k
10 ethereum
8 xrp
6 price
5 altcoins

Negative Terms – Sentiment Analysis

Occurrences Keyword
5 bitcoin
2 bitcoin core
2 coinbase
2 crash
2 debasement trade
2 do kwon
2 global crackdown
2 pepe coin
2 torture
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.

Date Value Variation Source
2025-01-07 00:00:00 76pt 0pt Alternative.me
2025-01-07 00:00:00 78pt 2pt Alternative.me
2025-01-06 00:00:00 72pt 0pt Alternative.me
2025-01-06 00:00:00 76pt 4pt Alternative.me
2025-01-05 00:00:00 72pt -1pt Alternative.me
2025-01-05 00:00:00 73pt 0pt Alternative.me
2025-01-07 00:00:00 76pt 0pt Binance.com
2025-01-07 00:00:00 78pt 2pt Binance.com
2025-01-06 00:00:00 72pt 0pt Binance.com
2025-01-06 00:00:00 76pt 4pt Binance.com
2025-01-05 00:00:00 72pt -1pt Binance.com
2025-01-05 00:00:00 73pt 0pt Binance.com
2025-01-07 00:00:00 76pt 4pt BitDegree.org
2025-01-06 00:00:00 72pt -1pt BitDegree.org
2025-01-05 00:00:00 73pt 0pt BitDegree.org
2025-01-07 00:00:00 66pt -1pt BtcTools.io
2025-01-06 16:00:00 67pt 1pt BtcTools.io
2025-01-06 08:00:00 66pt 7pt BtcTools.io
2025-01-06 00:00:00 59pt -1pt BtcTools.io
2025-01-05 00:00:00 60pt 2pt BtcTools.io
2025-01-04 08:00:00 58pt 0pt BtcTools.io
2025-01-07 00:00:00 60pt -1pt Coinstats.app
2025-01-07 00:00:00 61pt 0pt Coinstats.app
2025-01-06 00:00:00 60pt 0pt Coinstats.app
2025-01-06 00:00:00 61pt 1pt Coinstats.app
2025-01-05 00:00:00 57pt 0pt Coinstats.app
2025-01-05 00:00:00 60pt 3pt Coinstats.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.

Date Addresses Variation Indicator Source
2025-01-07 01:00:00 1,360,813,981 0.00% Total Addresses bitaps.com
2025-01-07 01:00:00 1,308,205,966 0.00% Zero Balance Addresses bitaps.com
2025-01-07 01:00:00 766,675 0.59% Bitcoin Active Addresses btc.com
2025-01-07 01:00:00 540,335 0.00% Addresses with over 0 bitaps.com
2025-01-07 01:00:00 219,222 0.00% Addresses with over 0.0000001 bitaps.com
2025-01-07 01:00:00 4,050,731 0.00% Addresses with over 0.000001 bitaps.com
2025-01-07 01:00:00 10,845,557 0.00% Addresses with over 0.00001 bitaps.com
2025-01-07 01:00:00 13,077,436 0.00% Addresses with over 0.0001 bitaps.com
2025-01-07 01:00:00 11,524,347 -0.02% Addresses with over 0.001 bitaps.com
2025-01-07 01:00:00 7,881,524 -0.01% Addresses with over 0.01 bitaps.com
2025-01-07 01:00:00 3,475,066 -0.01% Addresses with over 0.1 bitaps.com
2025-01-07 01:00:00 841,447 0.00% Addresses with over 1 bitaps.com
2025-01-07 01:00:00 134,581 -0.01% Addresses with over 10 bitaps.com
2025-01-07 01:00:00 15,706 -0.01% Addresses with over 100 bitaps.com
2025-01-07 01:00:00 1,966 0.00% Addresses with over 1,000 bitaps.com
2025-01-07 01:00:00 93 0.00% Addresses with over 10,000 bitaps.com
2025-01-07 01:00:00 4 0.00% Addresses with over 100,000 bitaps.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.

Date Impact Event
2025-01-08 17:00:00 Moderate EIA Natural Gas Report Week over Week
2025-01-08 15:30:00 High EIA Petroleum Status Report Distillate Inventories – W/W
2025-01-08 15:30:00 High EIA Petroleum Status Report Crude Oil Inventories – W/W
2025-01-08 15:30:00 High EIA Petroleum Status Report Gasoline Inventories – W/W
2025-01-08 13:30:00 High Jobless Claims Initial Claims – Level
2025-01-08 13:30:00 High Jobless Claims Initial Claims – Change
2025-01-08 13:30:00 High Jobless Claims 4-Week Moving Average
2025-01-08 13:15:00 Moderate ADP Employment Report Private Payrolls – M/M
2025-01-07 21:30:00 Moderate USD – API Weekly Crude Oil Stock
2025-01-07 18:00:00 High USD – 10-Year Note Auction
2025-01-07 18:00:00 Moderate USD – Atlanta Fed GDPNow (Q4)
2025-01-07 15:00:00 Moderate CAD – Ivey PMI (Dec)
2025-01-07 15:00:00 High USD – JOLTS Job Openings (Nov)
2025-01-07 15:00:00 High USD – ISM Non-Manufacturing Prices (Dec)
2025-01-07 15:00:00 High USD – ISM Non-Manufacturing PMI (Dec)
2025-01-07 15:00:00 Moderate USD – ISM Non-Manufacturing Employment (Dec)
2025-01-07 15:00:00 Moderate JOLTS Job Openings
2025-01-07 15:00:00 Moderate ISM Services Index Index
2025-01-07 13:30:00 Moderate USD – Trade Balance (Nov)
2025-01-07 13:30:00 Moderate USD – Imports (Nov)
2025-01-07 13:30:00 Moderate USD – Exports (Nov)
2025-01-07 13:30:00 High International Trade in Goods and Services Balance
2025-01-07 10:00:00 Moderate EUR – Unemployment Rate (Nov)
2025-01-07 10:00:00 Moderate EUR – CPI (MoM) (Dec)
2025-01-07 10:00:00 High EUR – CPI (YoY) (Dec)
2025-01-07 10:00:00 Moderate EUR – Core CPI (YoY) (Dec)
2025-01-07 09:30:00 Moderate GBP – S&P Global Construction PMI (Dec)
2025-01-07 08:00:00 Moderate BRL – IPC-Fipe Inflation Index (MoM) (Dec)
2025-01-07 07:45:00 Moderate EUR – French HICP (MoM) (Dec)
2025-01-07 07:45:00 Moderate EUR – French CPI (MoM) (Dec)
2025-01-07 07:30:00 Moderate CHF – CPI (MoM) (Dec)
2025-01-07 07:00:00 Moderate GBP – Halifax House Price Index (YoY) (Dec)
2025-01-07 07:00:00 Moderate GBP – Halifax House Price Index (MoM) (Dec)
2025-01-07 03:35:00 Moderate JPY – 10-Year JGB Auction
2025-01-07 00:30:00 Moderate AUD – Building Approvals (MoM) (Nov)
2025-01-07 00:01:00 Moderate GBP – BRC Retail Sales Monitor (YoY) (Dec)
2025-01-06 20:30:00 Moderate EUR – CFTC EUR speculative net positions
2025-01-06 20:30:00 Moderate JPY – CFTC JPY speculative net positions
2025-01-06 20:30:00 Moderate BRL – CFTC BRL speculative net positions
2025-01-06 20:30:00 Moderate AUD – CFTC AUD speculative net positions
2025-01-06 20:30:00 Moderate USD – CFTC S&P 500 speculative net positions
2025-01-06 20:30:00 Moderate USD – CFTC Nasdaq 100 speculative net positions
2025-01-06 20:30:00 Moderate USD – CFTC Gold speculative net positions
2025-01-06 20:30:00 Moderate USD – CFTC Crude Oil speculative net positions
2025-01-06 20:30:00 Moderate GBP – CFTC GBP speculative net positions
2025-01-06 18:00:00 Moderate USD – 3-Year Note Auction
2025-01-06 15:00:00 Moderate Factory Orders Month over Month
2025-01-06 15:00:00 Moderate USD – Factory Orders (MoM) (Nov)
2025-01-06 14:45:00 High USD – S&P Global Services PMI (Dec)
2025-01-06 14:45:00 Moderate USD – S&P Global Composite PMI (Dec)
2025-01-06 13:00:00 Moderate EUR – German CPI (YoY) (Dec)
2025-01-06 13:00:00 High EUR – German CPI (MoM) (Dec)
2025-01-06 09:30:00 Moderate GBP – S&P Global Services PMI (Dec)
2025-01-06 09:30:00 Moderate GBP – S&P Global Composite PMI (Dec)
2025-01-06 09:00:00 Moderate EUR – HCOB Eurozone Services PMI (Dec)
2025-01-06 09:00:00 Moderate EUR – HCOB Eurozone Composite PMI (Dec)
2025-01-06 08:55:00 Moderate EUR – HCOB Germany Services PMI (Dec)
2025-01-06 08:50:00 Moderate EUR – HCOB France Services PMI (Dec)
2025-01-06 08:45:00 Moderate EUR – HCOB Italy Services PMI (Dec)
2025-01-06 08:15:00 Moderate EUR – 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.

Date Cryptocurrency Price Price Variation 24h Variation 24h Variation Difference 24h Volatility 24h Volatility Difference
2025-01-07 07:51:00 Bitcoin 101,701.08 2.29% 2.40 1.27% 4.07 1.38%
2025-01-06 07:51:00 Bitcoin 99,376.08 1.07% 1.13 1.08% 2.69 1.39%
2025-01-05 07:51:00 Bitcoin 98,313.51 0.03% 0.04 -2.01% 1.30 -1.70%
2025-01-07 07:51:00 Ethereum 3,667.79 0.40% 0.47 -0.12% 3.39 0.48%
2025-01-06 07:51:00 Ethereum 3,653.00 0.58% 0.59 -0.46% 2.90 0.02%
2025-01-05 07:51:00 Ethereum 3,631.99 0.89% 1.06 -3.79% 2.88 -3.16%
2025-01-07 07:51:00 Binance Coin 730.79 2.20% 2.30 1.98% 4.83 2.89%
2025-01-06 07:51:00 Binance Coin 714.69 0.36% 0.32 1.13% 1.94 0.48%
2025-01-05 07:51:00 Binance Coin 712.11 -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.

Date Cryptocurrency Capitalization Capitalization Variation Volume Volume Variation
2025-01-07 00:00:00 Binance Coin 106,614,621,781 2.98% 1,170,894,666 169.62%
2025-01-06 00:00:00 Binance Coin 103,526,154,052 -0.59% 434,273,417 -13.52%
2025-01-05 00:00:00 Binance Coin 104,139,561,847 0.15% 502,154,128 -47.28%
2025-01-07 00:00:00 Bitcoin 2,024,825,178,620 3.86% 46,713,934,617 130.06%
2025-01-06 00:00:00 Bitcoin 1,949,654,031,590 0.19% 20,304,848,516 -2.25%
2025-01-05 00:00:00 Bitcoin 1,945,909,289,800 0.16% 20,772,973,269 -41.15%
2025-01-07 00:00:00 Ethereum 444,015,369,644 1.28% 24,439,537,358 95.94%
2025-01-06 00:00:00 Ethereum 438,407,202,807 -0.55% 12,472,800,353 -21.69%
2025-01-05 00:00:00 Ethereum 440,826,946,613 1.51% 15,928,272,786 -28.39%
2025-01-07 00:00:00 Tether 137,371,602,394 0.05% 80,056,221,207 70.42%
2025-01-06 00:00:00 Tether 137,303,484,028 0.04% 46,975,583,692 84.93%
2025-01-05 00:00:00 Tether 137,249,795,222 0.04% 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.

Date Exchange Volume Variation
2025-01-07 00:00:00 Binance 201,886 59.57%
2025-01-06 00:00:00 Binance 126,520 -13.29%
2025-01-05 00:00:00 Binance 145,905 -31.31%
2025-01-07 00:00:00 Binance US 173 71.29%
2025-01-06 00:00:00 Binance US 101 -27.34%
2025-01-05 00:00:00 Binance US 139 -21.02%
2025-01-07 00:00:00 Bitfinex 2,497 208.65%
2025-01-06 00:00:00 Bitfinex 809 -29.28%
2025-01-05 00:00:00 Bitfinex 1,144 -42.34%
2025-01-07 00:00:00 Bybit 62,103 83.56%
2025-01-06 00:00:00 Bybit 33,832 -8.99%
2025-01-05 00:00:00 Bybit 37,175 -29.74%
2025-01-07 00:00:00 Coinbase 41,968 142.58%
2025-01-06 00:00:00 Coinbase 17,301 -22.57%
2025-01-05 00:00:00 Coinbase 22,345 -44.73%
2025-01-07 00:00:00 Crypto.com 81,084 187.27%
2025-01-06 00:00:00 Crypto.com 28,226 -32.28%
2025-01-05 00:00:00 Crypto.com 41,683 -35.24%
2025-01-07 00:00:00 Gate.io 37,345 31.51%
2025-01-06 00:00:00 Gate.io 28,397 -12.48%
2025-01-05 00:00:00 Gate.io 32,445 -15.67%
2025-01-07 00:00:00 Kraken 13,587 159.89%
2025-01-06 00:00:00 Kraken 5,228 -19.10%
2025-01-05 00:00:00 Kraken 6,462 -53.98%
2025-01-07 00:00:00 KuCoin 11,565 47.08%
2025-01-06 00:00:00 KuCoin 7,863 -6.69%
2025-01-05 00:00:00 KuCoin 8,427 -24.37%
2025-01-07 00:00:00 OKX 33,512 70.91%
2025-01-06 00:00:00 OKX 19,608 -20.65%
2025-01-05 00:00:00 OKX 24,711 -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.

Item 2025-01-07 2025-01-06 2025-01-05 2025-01-04 2025-01-03 2025-01-02 2025-01-01
Difficulty 109.78T 109.78T 109.78T 109.78T 109.78T 109.78T 109.78T
Difficulty Variation 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Blocks 878.15K 878.01K 877.86K 877.71K 877.57K 877.40K 877.26K
Blocks Variation 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01%
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 715.49B 857.29B 814.35B 770.44B 912.01B 770.44B 682.36B
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.

Get Your Daily Crypto Trends

Subscribe to CryptoTrends.news and recieve notifications on new crypto market posts.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.