πŸ“ƒ Jan 11, 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 slightly downward trend. Bitcoin, the largest cryptocurrency, has witnessed a price crash, which has led to a negative sentiment among investors. The price of Ethereum has also pulled back, showing signs of weakness. However, there are positive indicators as well, with XRP and Binance Coin exhibiting relative strength amid the broader market selloff.

Analyzing the market data, it is evident that the current volatility and price fluctuations are the primary drivers of the market sentiment. With significant variations in trading volumes and price variations, it is essential for investors to exercise caution and closely monitor market conditions.

Considering the evidence, the market is currently experiencing a neutral to slightly downward trend. This conclusion is based on the analysis of price movements, trading volumes, and the sentiment surrounding major cryptocurrencies.

What is important

The current state of the cryptocurrency market is characterized by increased volatility and mixed sentiment among investors. It is crucial to closely monitor key factors such as price movements, trading volumes, and market sentiment to make informed investment decisions. Additionally, keeping track of positive and negative keywords, fear and greed indicators, market capitalization and volumes, economic events, prices, exchanges, and mining indicators can provide valuable insights into the market’s overall dynamics.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘Ž Bitcoin Price Crash Not The End Of The Road As Analyst Shares Roadmap To $200,000
– Bitcoin price crashes to $200,000

πŸ‘ XRP Shows Relative Strength Amid Market Selloff – Breakout Above ATH Soon?
– XRP shows relative strength amid market selloff, breakout above ATH soon.

πŸ‘Ž Ethereum Price Pullback Deepens: Bulls Struggle to Hold Support
– The article discusses a pullback in the price of Ethereum, which is currently at $3,250.

πŸ‘ Binance Reports 47% Growth in 2024, Reaches 250M Users
– Binance reports 47% growth in 2024, reaching 250M users.

πŸ‘ TRON outpaces Ethereum on 2 fronts – WhatΒ΄s next for its price?
– Tron is outpacing Ethereum on two fronts. Its price is expected to rise in the near future.

Factors DrivingΒ the Growth – Market Sentiment

Analyzing the positive and negative keywords, we observe mentions of popular cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin. It is worth noting that while Bitcoin and Dogecoin have appeared in both the positive and negative keywords, Ethereum has predominantly shown positive sentiment. This indicates that market perception and sentiment toward different cryptocurrencies may vary.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
19bitcoin
14dogecoin
12cryptocurrency market
9investors
8lightchain ai
8xrp
7standard chartered
6presale
5btc
5ethereum

Negative Terms – Sentiment Analysis

OccurrencesKeyword
16bitcoin
4cube entertainment
4dogecoin
4money laundering
3bitcoin miners
3bitcoin price
3thai authorities
2bitcoin etf
2bitcoin fear & greed index
2bitcoin landfill hard drive

Crypto Investor Fear & Greed Index

The fear and greed indicators present a mixed sentiment in the market. While some indicators lean towards fear, others are close to greed, suggesting a cautious yet optimistic outlook. It is crucial to consider the fear and greed indicators alongside other market factors to gain a comprehensive understanding of current market sentiment.

DateValueVariationSource
2025-01-10 00:00:0050pt-19ptAlternative.me
2025-01-09 00:00:0069pt-1ptAlternative.me
2025-01-08 00:00:0070pt0ptAlternative.me
2025-01-09 00:00:0069pt-1ptBinance.com
2025-01-08 00:00:0070pt0ptBinance.com
2025-01-10 00:00:0050pt-19ptBitDegree.org
2025-01-09 00:00:0069pt-9ptBitDegree.org
2025-01-08 00:00:0078pt0ptBitDegree.org
2025-01-10 16:00:0041pt-5ptBtcTools.io
2025-01-10 08:00:0046pt6ptBtcTools.io
2025-01-10 00:00:0040pt-4ptBtcTools.io
2025-01-09 16:00:0044pt-1ptBtcTools.io
2025-01-09 00:00:0045pt7ptBtcTools.io
2025-01-08 16:00:0038pt-23ptBtcTools.io
2025-01-08 08:00:0061pt-1ptBtcTools.io
2025-01-08 00:00:0062pt0ptBtcTools.io
2025-01-10 00:00:0049pt-5ptCoinstats.app
2025-01-09 00:00:0054pt-12ptCoinstats.app
2025-01-09 00:00:0066pt0ptCoinstats.app
2025-01-08 00:00:0060pt0ptCoinstats.app
2025-01-08 00:00:0066pt6ptCoinstats.app

Bitcoin: Active Addresses

The Bitcoin address indicators reveal fluctuations in the number of active addresses and wallet addresses based on balance values. It is important to closely monitor these indicators to gauge the level of activity and interest in the Bitcoin ecosystem.

DateAddressesVariationIndicatorSource
2025-01-07 01:00:001,360,813,9810.00%Total 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 play a significant role in shaping the cryptocurrency market. News related to economic indicators, such as employment change, building permits, and unemployment rates, can impact the market sentiment and contribute to price movements. Traders and investors should stay informed about these events to make well-informed decisions.

DateImpactEvent
2025-01-10 22:30:00ModerateUSD – FedΒ΄s Balance Sheet
2025-01-10 21:30:00ModerateUSD – FedΒ΄s Balance Sheet
2025-01-10 20:30:00ModerateEUR – CFTC EUR speculative net positions
2025-01-10 20:30:00ModerateJPY – CFTC JPY speculative net positions
2025-01-10 20:30:00ModerateBRL – CFTC BRL speculative net positions
2025-01-10 20:30:00ModerateAUD – CFTC AUD speculative net positions
2025-01-10 20:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2025-01-10 20:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2025-01-10 20:30:00ModerateUSD – CFTC Gold speculative net positions
2025-01-10 20:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2025-01-10 20:30:00ModerateGBP – CFTC GBP speculative net positions
2025-01-10 18:00:00ModerateUSD – U.S. Baker Hughes Total Rig Count
2025-01-10 18:00:00ModerateUSD – U.S. Baker Hughes Oil Rig Count
2025-01-10 17:00:00ModerateUSD – WASDE Report
2025-01-10 15:00:00ModerateUSD – Michigan Consumer Sentiment (Jan)
2025-01-10 15:00:00ModerateUSD – Michigan Consumer Expectations (Jan)
2025-01-10 15:00:00ModerateUSD – Michigan 5-Year Inflation Expectations (Jan)
2025-01-10 15:00:00ModerateUSD – Michigan 1-Year Inflation Expectations (Jan)
2025-01-10 15:00:00ModerateConsumer Sentiment Year-ahead Inflation Expectations
2025-01-10 15:00:00ModerateConsumer Sentiment Index
2025-01-10 13:30:00ModerateCAD – Employment Change (Dec)
2025-01-10 13:30:00ModerateCAD – Building Permits (MoM) (Nov)
2025-01-10 13:30:00HighUSD – Unemployment Rate (Dec)
2025-01-10 13:30:00ModerateUSD – U6 Unemployment Rate (Dec)
2025-01-10 13:30:00ModerateUSD – Private Nonfarm Payrolls (Dec)
2025-01-10 13:30:00ModerateUSD – Participation Rate (Dec)
2025-01-10 13:30:00HighUSD – Nonfarm Payrolls (Dec)
2025-01-10 13:30:00HighUSD – Average Hourly Earnings (MoM) (Dec)
2025-01-10 13:30:00ModerateUSD – Average Hourly Earnings (YoY) (YoY) (Dec)
2025-01-10 13:30:00HighEmployment Situation Average Workweek
2025-01-10 13:30:00HighEmployment Situation Participation Rate
2025-01-10 13:30:00HighEmployment Situation Unemployment Rate
2025-01-10 13:30:00HighEmployment Situation Average Hourly Earnings – Y/Y
2025-01-10 13:30:00HighEmployment Situation Average Hourly Earnings – M/M
2025-01-10 13:30:00HighEmployment Situation Private Payrolls – M/M
2025-01-10 13:30:00HighEmployment Situation Nonfarm Payrolls – M/M
2025-01-10 13:30:00HighEmployment Situation Manufacturing Payrolls – M/M
2025-01-10 12:00:00ModerateBRL – CPI (YoY) (Dec)
2025-01-10 11:00:00ModerateCNY – New Loans (Dec)
2025-01-10 10:00:00ModerateCNY – New Loans (Dec)
2025-01-10 09:40:00ModerateCNY – New Loans (Dec)
2025-01-10 08:00:00ModerateCHF – SECO Consumer Climate
2025-01-10 07:45:00ModerateEUR – French Consumer Spending (MoM) (Nov)

Crypto Assets Prices

Price movements in the cryptocurrency market have been significant over the past 24 hours. Bitcoin and Ethereum have experienced pullbacks and volatility, while other altcoins like Dogecoin have displayed mixed sentiment. Monitoring price trends and understanding the factors influencing these movements is crucial for traders and investors to navigate market fluctuations effectively.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-01-10 23:51:00Bitcoin94,760.422.57%2.395.26%3.94-0.64%
2025-01-09 23:51:00Bitcoin92,329.39-3.02%-2.87-0.98%4.58-0.57%
2025-01-08 23:51:00Bitcoin95,122.09-1.88%-1.893.31%5.15-1.65%
2025-01-10 23:51:00Ethereum3,270.481.66%1.594.93%4.02-2.29%
2025-01-09 23:51:00Ethereum3,216.19-3.51%-3.34-1.80%6.31-0.14%
2025-01-08 23:51:00Ethereum3,329.13-1.47%-1.546.85%6.45-3.82%
2025-01-10 23:51:00Binance Coin693.811.27%1.222.80%2.56-1.38%
2025-01-09 23:51:00Binance Coin685.00-1.65%-1.58-1.35%3.94-0.91%
2025-01-08 23:51:00Binance Coin696.330.01%-0.244.30%4.85-1.24%

CryptocurrencyΒ Capitalization and Volume

The market capitalizations and volumes of major cryptocurrencies have shown both positive and negative variations. It is important to track the capitalization and volume trends to understand the market dynamics and assess the overall market sentiment.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-01-10 00:00:00Binance Coin100,086,342,187-1.40%1,116,689,923-20.35%
2025-01-09 00:00:00Binance Coin101,507,769,686-0.13%1,401,998,5092.74%
2025-01-08 00:00:00Binance Coin101,644,810,571-4.66%1,364,599,45216.54%
2025-01-10 00:00:00Bitcoin1,831,915,936,934-2.66%65,705,687,383-0.06%
2025-01-09 00:00:00Bitcoin1,882,052,204,846-1.91%65,746,629,3879.43%
2025-01-08 00:00:00Bitcoin1,918,629,212,309-5.24%60,082,639,00828.62%
2025-01-10 00:00:00Ethereum388,135,306,948-3.11%30,078,757,736-14.25%
2025-01-09 00:00:00Ethereum400,602,495,133-1.59%35,078,255,5996.85%
2025-01-08 00:00:00Ethereum407,073,653,052-8.32%32,830,274,76734.33%
2025-01-10 00:00:00Tether137,594,759,3780.10%104,015,030,63759.63%
2025-01-09 00:00:00Tether137,461,689,7180.03%65,159,792,055-38.03%
2025-01-08 00:00:00Tether137,426,900,8200.04%105,154,133,23731.35%

Cryptocurrency Exchanges Volume and Variation

Exchanges play a crucial role in the cryptocurrency market. Analyzing the trading volumes and variations across different exchanges can provide insights into market activity and investor sentiment. Traders should consider the liquidity and trading volume of specific cryptocurrencies when selecting exchanges for their trading activities.

DateExchangeVolumeVariation
2025-01-10 00:00:00Binance250,224-12.33%
2025-01-09 00:00:00Binance285,4114.22%
2025-01-08 00:00:00Binance273,84835.64%
2025-01-10 00:00:00Binance US144-22.99%
2025-01-09 00:00:00Binance US187-5.08%
2025-01-08 00:00:00Binance US19713.87%
2025-01-10 00:00:00Bitfinex3,459-13.09%
2025-01-09 00:00:00Bitfinex3,9809.91%
2025-01-08 00:00:00Bitfinex3,62145.01%
2025-01-10 00:00:00Bybit82,470-6.78%
2025-01-09 00:00:00Bybit88,4658.05%
2025-01-08 00:00:00Bybit81,87431.84%
2025-01-10 00:00:00Coinbase43,050-18.25%
2025-01-09 00:00:00Coinbase52,659-2.93%
2025-01-08 00:00:00Coinbase54,25029.27%
2025-01-10 00:00:00Crypto.com117,122-15.85%
2025-01-09 00:00:00Crypto.com139,17916.85%
2025-01-08 00:00:00Crypto.com119,11246.90%
2025-01-10 00:00:00Gate.io42,486-21.59%
2025-01-09 00:00:00Gate.io54,1852.68%
2025-01-08 00:00:00Gate.io52,77041.30%
2025-01-10 00:00:00Kraken14,756-13.70%
2025-01-09 00:00:00Kraken17,0993.11%
2025-01-08 00:00:00Kraken16,58322.05%
2025-01-10 00:00:00KuCoin15,374-7.28%
2025-01-09 00:00:00KuCoin16,58120.10%
2025-01-08 00:00:00KuCoin13,80619.38%
2025-01-10 00:00:00OKX39,171-14.96%
2025-01-09 00:00:00OKX46,061-10.93%
2025-01-08 00:00:00OKX51,71254.31%

Mining – Blockchain Technology

Mining indicators, such as difficulty levels, mined blocks, block rewards, and hash rates, provide insights into the computational mining capacity and overall health of the network. Analyzing these indicators helps to gauge the level of mining activity and monitor changes in network participation.

Item2025-01-102025-01-092025-01-082025-01-072025-01-062025-01-052025-01-04
Difficulty109.78T109.78T109.78T109.78T109.78T109.78T109.78T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks878.56K878.40K878.28K878.15K878.01K877.86K877.71K
Blocks Variation0.02%0.01%0.02%0.02%0.02%0.02%0.02%
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 GB830.12B677.46B732.16B715.49B857.29B814.35B770.44B
Hash Rate GB Variation22.54%-7.47%2.33%-16.54%5.27%5.70%-15.52%

Conclusion

In conclusion, the cryptocurrency market has experienced a slight downward trend in the past 24 hours. Bitcoin, Ethereum, and other major cryptocurrencies have witnessed price fluctuations, volatility, and mixed sentiment. It is crucial for market participants to closely monitor market indicators and stay informed about economic events that can influence market sentiment.

So What

The current state of the cryptocurrency market has practical implications for traders and investors. It is essential to exercise caution and conduct thorough analysis before making investment decisions. Market volatility and mixed sentiment require a diligent approach, focusing on risk management and staying updated with relevant news and market indicators.

What next?

Looking ahead, it is crucial to closely monitor the market for potential trends and developments. Traders and investors should keep a watchful eye on key market factors such as price movements, trading volumes, market capitalizations, and economic events. By staying informed and adapting strategies to changing market conditions, market participants can navigate the cryptocurrency market effectively.

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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