Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market is currently showing a neutral to trending up trend for the next 8 hours. This analysis is based on recent data from various sources, including market capitalizations, volumes, economic events, prices, and exchanges. While there may be some fluctuations in the market, the overall sentiment remains positive.
What is important
The current state of the cryptocurrency market is influenced by several factors. Market capitalizations and volumes provide insights into the overall value and trading activity of cryptocurrencies. Economic events, such as regulatory approvals and government reports, can impact market sentiment. Price movements indicate the buying and selling pressure in the market. Exchanges play a crucial role in facilitating cryptocurrency trading. Understanding these factors is essential for market participants to make informed decisions.
Top 5 – Latest Headlines & Cryptocurrency News
- Crypto Suddenly Surges On Huge $4 Trillion To $10 Trillion Bitcoin ETF Bets– The cryptocurrency market experiences a sudden surge due to significant bets on a $4 trillion to $10 trillion Bitcoin ETF, resulting in a boost in the prices of Ethereum, XRP, BNB, Solana, and Cardano.
- SEC Approves Bitcoin ETFs, Altcoins Surge in Response– The SEC has approved Bitcoin ETFs, leading to a surge in altcoins.
- SEC Finally Approved Spot Bitcoin ETF, Here´s What Happened to BTC´s Price (Market Watch)– The SEC has approved a spot Bitcoin ETF, leading to a surge in BTC´s price.
- Altcoin Surge: Ethereum Classic Breaks $26 Barrier Amidst Market Optimism– Ethereum Classic breaks $26 barrier amidst market optimism.
- BlackRock´s iShares Bitcoin ETF Surges 25% on SEC Approval– BlackRock´s iShares Bitcoin ETF surges 25% on SEC approval.
Factors Driving the Growth – Market Sentiment
The analysis of the positive and negative keywords highlights the current sentiment in the market. Positive keywords such as ‘bitcoin ETFs,’ ‘surge,’ and ‘approval’ indicate optimism and excitement in the market. Negative keywords like ‘drop’ and ‘sec’ may raise concerns but are outweighed by the positive sentiment overall.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 80 | bitcoin etf |
| 76 | bitcoin |
| 44 | cryptocurrency market |
| 41 | bitcoin etfs |
| 35 | sec |
| 34 | ethereum |
| 23 | binance |
| 22 | etf |
| 20 | price |
| 20 | surge |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 26 | bitcoin |
| 18 | bitcoin etf |
| 17 | sec |
| 11 | bitcoin etfs |
| 11 | vanguard |
| 9 | near foundation |
| 8 | cryptocurrency market |
| 7 | south korea |
| 5 | cathie wood |
| 5 | fbi |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators provide insights into market psychology. Currently, the Fear and Greed Index is not available based on the given dataset. Further data would be required to analyze the fear and greed sentiment in the market.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-01-12 00:00:00 | 71pt | -5pt | Alternative.me |
| 2024-01-12 00:00:00 | 76pt | 0pt | Alternative.me |
| 2024-01-11 00:00:00 | 73pt | 0pt | Alternative.me |
| 2024-01-11 00:00:00 | 76pt | 3pt | Alternative.me |
| 2024-01-10 00:00:00 | 73pt | -3pt | Alternative.me |
| 2024-01-10 00:00:00 | 76pt | 0pt | Alternative.me |
| 2024-01-12 00:00:00 | 76pt | 0pt | BitDegree.org |
| 2024-01-11 09:00:00 | 76pt | 3pt | BitDegree.org |
| 2024-01-11 00:00:00 | 73pt | -3pt | BitDegree.org |
| 2024-01-10 00:00:00 | 76pt | 0pt | BitDegree.org |
| 2024-01-12 00:00:00 | 66pt | 0pt | BtcTools.io |
| 2024-01-11 16:00:00 | 66pt | 7pt | BtcTools.io |
| 2024-01-11 08:00:00 | 59pt | -2pt | BtcTools.io |
| 2024-01-11 00:00:00 | 61pt | 1pt | BtcTools.io |
| 2024-01-10 16:00:00 | 60pt | 2pt | BtcTools.io |
| 2024-01-10 08:00:00 | 58pt | -1pt | BtcTools.io |
| 2024-01-10 00:00:00 | 59pt | 3pt | BtcTools.io |
| 2024-01-09 16:00:00 | 56pt | -1pt | BtcTools.io |
| 2024-01-09 08:00:00 | 57pt | 0pt | BtcTools.io |
| 2024-01-12 00:00:00 | 71pt | -5pt | Coinstats.app |
| 2024-01-11 00:00:00 | 76pt | 3pt | Coinstats.app |
| 2024-01-10 00:00:00 | 73pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The Bitcoin Address Indicators table provides information on the number of active addresses and their balances. However, the dataset provided is not sufficient to perform a detailed analysis.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-01-12 00:00:00 | 1,201,759,954 | 0.00% | Total Addresses | bitaps.com |
| 2024-01-12 00:00:00 | 1,151,986,653 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-01-12 00:00:00 | 965,128 | 0.18% | Bitcoin Active Addresses | btc.com |
| 2024-01-12 00:00:00 | 540,560 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-01-12 00:00:00 | 219,363 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-01-12 00:00:00 | 2,603,484 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-01-12 00:00:00 | 9,014,720 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-01-12 00:00:00 | 12,830,219 | 0.01% | Addresses with over 0.0001 | bitaps.com |
| 2024-01-12 00:00:00 | 11,969,055 | 0.01% | Addresses with over 0.001 | bitaps.com |
| 2024-01-12 00:00:00 | 8,053,972 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-01-12 00:00:00 | 3,527,022 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-01-12 00:00:00 | 860,384 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-01-12 00:00:00 | 138,570 | -0.03% | Addresses with over 10 | bitaps.com |
| 2024-01-12 00:00:00 | 13,947 | 0.04% | Addresses with over 100 | bitaps.com |
| 2024-01-12 00:00:00 | 1,900 | 0.11% | Addresses with over 1,000 | bitaps.com |
| 2024-01-12 00:00:00 | 101 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-01-12 00:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The Economic Events table lists important events related to the global financial market. However, in the given dataset, the impact and significance of these events are not provided. Therefore, a detailed analysis based on this data is not feasible.
| Date | Impact | Event |
|---|---|---|
| 2024-01-12 20:30:00 | Moderate | EUR – CFTC EUR speculative net positions |
| 2024-01-12 20:30:00 | Moderate | RUB – CFTC RUB speculative positions |
| 2024-01-12 20:30:00 | Moderate | JPY – CFTC JPY speculative net positions |
| 2024-01-12 20:30:00 | Moderate | BRL – CFTC BRL speculative net positions |
| 2024-01-12 20:30:00 | Moderate | AUD – CFTC AUD speculative net positions |
| 2024-01-12 20:30:00 | Moderate | USD – CFTC S&P 500 speculative net positions |
| 2024-01-12 20:30:00 | Moderate | USD – CFTC Nasdaq 100 speculative net positions |
| 2024-01-12 20:30:00 | Moderate | USD – CFTC Gold speculative net positions |
| 2024-01-12 20:30:00 | Moderate | USD – CFTC Crude Oil speculative net positions |
| 2024-01-12 20:30:00 | Moderate | GBP – CFTC GBP speculative net positions |
| 2024-01-12 18:00:00 | Moderate | USD – U.S. Baker Hughes Total Rig Count |
| 2024-01-12 18:00:00 | Moderate | USD – U.S. Baker Hughes Oil Rig Count |
| 2024-01-12 17:00:00 | Moderate | USD – WASDE Report |
| 2024-01-12 16:00:00 | Moderate | RUB – CPI (MoM) (Dec) |
| 2024-01-12 16:00:00 | Moderate | RUB – CPI (YoY) (Dec) |
| 2024-01-12 15:00:00 | Moderate | USD – FOMC Member Kashkari Speaks |
| 2024-01-12 13:30:00 | High | USD – PPI (MoM) (Dec) |
| 2024-01-12 13:30:00 | Moderate | USD – Core PPI (MoM) (Dec) |
| 2024-01-12 13:30:00 | High | PPI-Final Demand PPI-FD – Y/Y |
| 2024-01-12 13:30:00 | High | PPI-Final Demand PPI-FD – M/M |
| 2024-01-12 13:30:00 | High | PPI-Final Demand Ex-Food, Energy & Trade Services – M/M |
| 2024-01-12 13:30:00 | High | PPI-Final Demand Ex-Food & Energy – Y/Y |
| 2024-01-12 13:30:00 | High | PPI-Final Demand Ex-Food & Energy – M/M |
| 2024-01-12 13:30:00 | High | PPI-Final Demand Ex-Food, Energy & Trade Services – Y/Y |
| 2024-01-12 13:00:00 | Moderate | GBP – NIESR Monthly GDP Tracker |
| 2024-01-12 12:30:00 | Moderate | EUR – ECB´s Lane Speaks |
| 2024-01-12 12:00:00 | Moderate | INR – CPI (YoY) (Dec) |
| 2024-01-12 10:00:00 | Moderate | CNY – New Loans |
| 2024-01-12 08:00:00 | Moderate | EUR – Spanish HICP (YoY) (Dec) |
| 2024-01-12 08:00:00 | Moderate | EUR – Spanish CPI (YoY) (Dec) |
| 2024-01-12 07:45:00 | Moderate | EUR – French HICP (MoM) (Dec) |
| 2024-01-12 07:45:00 | Moderate | EUR – French CPI (MoM) (Dec) |
| 2024-01-12 07:45:00 | Moderate | EUR – French Consumer Spending (MoM) (Nov) |
| 2024-01-12 07:00:00 | Moderate | GBP – Trade Balance Non-EU (Nov) |
| 2024-01-12 07:00:00 | Moderate | GBP – Trade Balance (Nov) |
| 2024-01-12 07:00:00 | Moderate | GBP – Monthly GDP 3M/3M Change (Nov) |
| 2024-01-12 07:00:00 | Moderate | GBP – Manufacturing Production (MoM) (Nov) |
| 2024-01-12 07:00:00 | Moderate | GBP – Industrial Production (MoM) (Nov) |
| 2024-01-12 07:00:00 | High | GBP – GDP (MoM) (Nov) |
| 2024-01-12 03:00:00 | Moderate | CNY – Trade Balance (USD) (Dec) |
| 2024-01-12 03:00:00 | Moderate | CNY – Imports (YoY) (Dec) |
| 2024-01-12 03:00:00 | Moderate | CNY – Exports (YoY) (Dec) |
| 2024-01-12 01:30:00 | Moderate | CNY – PPI (YoY) (Dec) |
| 2024-01-12 01:30:00 | Moderate | CNY – CPI (YoY) (Dec) |
| 2024-01-12 01:30:00 | Moderate | CNY – CPI (MoM) (Dec) |
| 2024-01-12 00:30:00 | Moderate | AUD – Home Loans (MoM) |
| 2024-01-11 23:50:00 | Moderate | JPY – Current Account n.s.a. (Nov) |
| 2024-01-11 23:50:00 | Moderate | JPY – Adjusted Current Account (Nov) |
| 2024-01-11 21:30:00 | Moderate | USD – Fed´s Balance Sheet |
| 2024-01-11 19:00:00 | Moderate | USD – Federal Budget Balance (Dec) |
| 2024-01-11 19:00:00 | Moderate | Treasury Statement Balance |
| 2024-01-11 18:00:00 | High | USD – 30-Year Bond Auction |
| 2024-01-11 15:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-01-11 13:30:00 | High | USD – Initial Jobless Claims |
| 2024-01-11 13:30:00 | High | USD – CPI (YoY) (Dec) |
| 2024-01-11 13:30:00 | High | USD – CPI (MoM) (Dec) |
| 2024-01-11 13:30:00 | Moderate | USD – Core CPI (YoY) (Dec) |
| 2024-01-11 13:30:00 | High | USD – Core CPI (MoM) (Dec) |
| 2024-01-11 13:30:00 | Moderate | USD – Continuing Jobless Claims |
| 2024-01-11 13:30:00 | High | CPI CPI – Y/Y |
| 2024-01-11 13:30:00 | High | CPI CPI – M/M |
| 2024-01-11 13:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-01-11 13:30:00 | High | CPI Ex-Food & Energy- Y/Y |
| 2024-01-11 13:30:00 | High | CPI Ex-Food & Energy- M/M |
| 2024-01-11 13:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-01-11 13:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-01-11 12:00:00 | Moderate | BRL – CPI (YoY) (Dec) |
| 2024-01-11 09:00:00 | Moderate | EUR – ECB Economic Bulletin |
| 2024-01-11 00:30:00 | Moderate | AUD – Trade Balance (Nov) |
Crypto Assets Prices
The Prices table captures the price variations and volatility of major cryptocurrencies. It is observed that there have been positive price movements and surges in some cryptocurrencies like Bitcoin, Ethereum, and Binance Coin. However, it is important to note that cryptocurrency prices are highly volatile and can fluctuate rapidly.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-01-12 00:06:00 | Bitcoin | 46,355.82 | -0.28% | -0.67 | -2.04% | 7.37 | -0.29% |
| 2024-01-11 00:06:00 | Bitcoin | 46,484.38 | 0.95% | 1.37 | 2.71% | 7.66 | 0.46% |
| 2024-01-10 00:06:00 | Bitcoin | 46,041.10 | -2.24% | -1.35 | -9.23% | 7.20 | -2.23% |
| 2024-01-12 00:06:00 | Ethereum | 2,618.59 | 1.18% | 0.47 | -7.42% | 4.81 | -8.05% |
| 2024-01-11 00:06:00 | Ethereum | 2,587.80 | 9.20% | 7.89 | 6.03% | 12.86 | 6.35% |
| 2024-01-10 00:06:00 | Ethereum | 2,349.80 | 0.71% | 1.86 | -4.45% | 6.51 | -2.35% |
| 2024-01-12 00:06:00 | Binance Coin | 308.90 | 1.13% | 1.41 | 0.35% | 5.11 | -2.23% |
| 2024-01-11 00:06:00 | Binance Coin | 305.40 | 1.54% | 1.06 | 0.89% | 7.34 | 3.59% |
| 2024-01-10 00:06:00 | Binance Coin | 300.70 | -1.00% | 0.17 | -1.85% | 3.75 | -2.49% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table provides insights into the total capitalization and volume of major cryptocurrencies. Based on the data, there has been an overall increase in capitalizations and volumes, indicating positive market activity.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-01-12 00:00:00 | Binance Coin | 47,440,669,990 | 0.93% | 1,688,407,087 | 18.80% |
| 2024-01-11 00:00:00 | Binance Coin | 47,001,470,275 | 1.42% | 1,421,264,935 | -22.00% |
| 2024-01-10 00:00:00 | Binance Coin | 46,343,471,950 | -1.03% | 1,822,179,512 | 43.17% |
| 2024-01-12 00:00:00 | Bitcoin | 908,750,537,734 | -0.64% | 48,880,616,019 | -6.94% |
| 2024-01-11 00:00:00 | Bitcoin | 914,589,165,821 | 1.16% | 52,527,177,721 | 27.40% |
| 2024-01-10 00:00:00 | Bitcoin | 904,138,567,696 | -1.75% | 41,231,520,100 | 1.08% |
| 2024-01-12 00:00:00 | Ethereum | 314,554,802,694 | 1.20% | 33,780,680,133 | -23.15% |
| 2024-01-11 00:00:00 | Ethereum | 310,821,894,359 | 10.33% | 43,956,208,769 | 53.96% |
| 2024-01-10 00:00:00 | Ethereum | 281,713,524,722 | 0.45% | 28,549,786,804 | 8.92% |
| 2024-01-12 00:00:00 | Tether | 95,062,620,422 | 0.59% | 55,714,339,064 | -29.95% |
| 2024-01-11 00:00:00 | Tether | 94,504,765,888 | 0.42% | 79,537,376,284 | 34.27% |
| 2024-01-10 00:00:00 | Tether | 94,111,440,749 | -0.03% | 59,237,677,960 | 4.99% |
Cryptocurrency Exchanges Volume and Variation
The Exchanges table showcases the total volume of major exchanges in the cryptocurrency market. It reveals that there have been positive volume variations in exchanges like Binance and Bitfinex. These variations suggest increased trading activity and market participation.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-01-12 00:00:00 | Binance | 519,966 | 4.58% |
| 2024-01-11 00:00:00 | Binance | 497,189 | 23.86% |
| 2024-01-10 00:00:00 | Binance | 401,419 | -0.04% |
| 2024-01-12 00:00:00 | Binance US | 852 | -9.07% |
| 2024-01-11 00:00:00 | Binance US | 937 | 40.48% |
| 2024-01-10 00:00:00 | Binance US | 667 | -4.99% |
| 2024-01-12 00:00:00 | Bitfinex | 15,407 | 1.60% |
| 2024-01-11 00:00:00 | Bitfinex | 15,164 | 58.17% |
| 2024-01-10 00:00:00 | Bitfinex | 9,587 | 3.54% |
| 2024-01-12 00:00:00 | Bybit | 104,820 | -12.42% |
| 2024-01-11 00:00:00 | Bybit | 119,681 | 37.30% |
| 2024-01-10 00:00:00 | Bybit | 87,169 | 14.28% |
| 2024-01-12 00:00:00 | Coinbase | 103,964 | 1.63% |
| 2024-01-11 00:00:00 | Coinbase | 102,297 | 39.45% |
| 2024-01-10 00:00:00 | Coinbase | 73,359 | -5.63% |
| 2024-01-12 00:00:00 | Crypto.com | 32,017 | -4.47% |
| 2024-01-11 00:00:00 | Crypto.com | 33,516 | 13.81% |
| 2024-01-10 00:00:00 | Crypto.com | 29,450 | -12.34% |
| 2024-01-12 00:00:00 | Gate.io | 42,307 | -3.22% |
| 2024-01-11 00:00:00 | Gate.io | 43,714 | 22.08% |
| 2024-01-10 00:00:00 | Gate.io | 35,809 | 3.92% |
| 2024-01-12 00:00:00 | Kraken | 40,981 | -2.59% |
| 2024-01-11 00:00:00 | Kraken | 42,072 | 15.71% |
| 2024-01-10 00:00:00 | Kraken | 36,359 | 17.87% |
| 2024-01-12 00:00:00 | KuCoin | 37,449 | -23.33% |
| 2024-01-11 00:00:00 | KuCoin | 48,845 | 58.52% |
| 2024-01-10 00:00:00 | KuCoin | 30,813 | -4.29% |
| 2024-01-12 00:00:00 | OKX | 114,686 | -11.13% |
| 2024-01-11 00:00:00 | OKX | 129,050 | 33.75% |
| 2024-01-10 00:00:00 | OKX | 96,485 | 7.18% |
Mining – Blockchain Technology
The Mining table presents data related to mining difficulty, blocks, block rewards, and hash rate. However, without proper context and more recent data, it is challenging to provide a meaningful analysis.
| Item | 2024-01-12 | 2024-01-11 | 2024-01-10 | 2024-01-09 | 2024-01-08 | 2024-01-07 | 2024-01-06 |
|---|---|---|---|---|---|---|---|
| Difficulty | 73.20T | 73.20T | 73.20T | 73.20T | 73.20T | 73.20T | 72.01T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.65% | 0.00% |
| Blocks | 825.38K | 825.21K | 825.07K | 824.92K | 824.80K | 824.68K | 824.54K |
| Blocks Variation | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% | 0.02% | 0.02% |
| Reward BTC | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Hash Rate GB | 614.94B | 483.94B | 553.08B | 447.56B | 429.36B | 509.41B | 493.96B |
| Hash Rate GB Variation | 27.07% | -12.50% | 23.58% | 4.24% | -15.71% | 3.13% | -18.34% |
Conclusion
In conclusion, the cryptocurrency market is currently showing a neutral to trending up trend for the next 8 hours. Positive sentiment is prevailing, supported by various factors such as regulatory approvals, surges in prices, and positive market activity. However, it is essential to consider the inherent volatility and risks associated with the cryptocurrency market.
So What
The current state of the cryptocurrency market has implications for market participants and investors. It highlights opportunities for potential gains in the market with proper risk management strategies. However, it is crucial to approach investments in cryptocurrencies with caution and conduct thorough research before making any decisions.
What next?
Looking ahead, it is expected that market conditions in the cryptocurrency market will continue to evolve. Factors such as regulatory developments, market trends, and investor sentiment will influence the direction of the market. It is important for market participants to stay informed and adapt to changing market dynamics.
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.
