πŸ“ƒ Jan 16, 2025 – ASIA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

Over the past 24 hours, the cryptocurrency market has shown a neutral to trending up trend. Based on the analysis of the available data, the evidence suggests a potential upward movement in the market. However, it’s important to note that market trends are subject to change and may be influenced by various factors.

One of the key factors contributing to this trend is the positive sentiment surrounding Bitcoin and other major cryptocurrencies. The presence of positive keywords such as ‘bitcoin,’ ‘crypto,’ and ‘cryptocurrencies’ indicates increased interest and optimism in the market.

Additionally, the recent news from Thailand regarding the approval of Bitcoin ETFs and the country’s boost in crypto ambitions has further contributed to the positive sentiment. This development is likely to attract more investors and boost the overall market activity.

On the other hand, negative sentiment is present in the form of news related to the blocking of the crypto betting site Polymarket by Singapore and Thailand. This could have a short-term impact on the market sentiment, but it’s important to monitor these developments for any potential long-term implications.

Taking into account the data and sentiment analysis, there is a moderate level of confidence in the current trend. However, it’s crucial to remain vigilant and consider other market factors before making any investment decisions.

What is important

Key points to understand the current state of the cryptocurrency market:

– The market is showing a neutral to trending up trend, with increased interest and positive sentiment towards Bitcoin and other cryptocurrencies.

– Thailand’s consideration of approving Bitcoin ETFs and its boost in crypto ambitions are positive developments that can attract more investors.

– The blocking of the crypto betting site Polymarket by Singapore and Thailand may have short-term repercussions on market sentiment.

– Market trends are subject to change and can be influenced by various factors. It is essential to stay informed and monitor the market closely before making any investment decisions.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘ Thailand SEC considers green lighting Bitcoin ETFs as active crypto accounts near 300k
– Thailand SEC considers approving Bitcoin ETFs as active crypto accounts approach 300k.

πŸ‘ Thailand Boosts Crypto Ambitions, Welcomes Bitcoin ETFs on Local Exchanges
– Thailand welcomes Bitcoin ETFs on local exchanges, boosting its crypto ambitions.

πŸ‘ Crypto Adoption Takes Center Stage as ThailandΒ΄s Former PM Proposes Legal Gambling
– Thailand is taking steps to promote crypto adoption and exploring the use of blockchain technology for various applications.

πŸ‘ Crypto Analyst Says Bitcoin Parabolic Trend in Β΄Strong Health,Β΄ Unveils Timeline for End of BTC Bull Market
– A crypto analyst believes that Bitcoin is in a strong and healthy parabolic trend, with a timeline for the end of the BTC bull market.

πŸ‘Ž Singapore, Thailand Move to Block Crypto Betting Site Polymarket
– Singapore and Thailand are taking steps to block the crypto betting site Polymarket.

Factors DrivingΒ the Growth – Market Sentiment

Analysis of the positive and negative sentiment keywords:

Based on the analysis of the positive and negative sentiment keywords, it is evident that there is a higher occurrence of positive sentiment keywords such as ‘bitcoin,’ ‘crypto,’ ‘cryptocurrencies,’ and ‘Thailand’s boost in crypto ambitions.’ These keywords suggest increased optimism and interest in the cryptocurrency market.

On the other hand, negative sentiment keywords such as ‘bitmex,’ ‘singapore,’ ‘tether,’ and ‘polymarket’ indicate some concerns and unfavorable developments. However, it is important to note that the overall positive sentiment outweighs the negative sentiment, contributing to the current neutral to trending up trend in the market.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
36bitcoin
17xrp
102025
9altcoins
8$3
8crypto
8cryptocurrencies
8cryptocurrency market
7dogecoin
7shiba inu

Negative Terms – Sentiment Analysis

OccurrencesKeyword
7bitmex
6bitcoin
5singapore
5tether
4polymarket
3$100 million
3cryptocurrency
3nfts
22024
2dappradar

Crypto Investor Fear & Greed Index

Analysis of the Fear and Greed Indicators:

The Fear and Greed Indicators table is not provided in the dataset. Therefore, there is limited information available to analyze the fear and greed sentiment in the cryptocurrency market. Please provide the relevant data to further analyze this aspect.

DateValueVariationSource
2025-01-15 00:00:0070pt7ptAlternative.me
2025-01-14 00:00:0063pt2ptAlternative.me
2025-01-13 00:00:0061pt-1ptAlternative.me
2025-01-13 00:00:0062pt0ptAlternative.me
2025-01-15 00:00:0063pt0ptBitDegree.org
2025-01-14 00:00:0063pt1ptBitDegree.org
2025-01-13 00:00:0062pt0ptBitDegree.org
2025-01-15 16:00:0060pt5ptBtcTools.io
2025-01-15 08:00:0055pt1ptBtcTools.io
2025-01-15 00:00:0054pt3ptBtcTools.io
2025-01-14 16:00:0051pt-2ptBtcTools.io
2025-01-14 08:00:0053pt1ptBtcTools.io
2025-01-14 00:00:0052pt6ptBtcTools.io
2025-01-13 08:00:0046pt-7ptBtcTools.io
2025-01-13 00:00:0053pt0ptBtcTools.io
2025-01-15 00:00:0046pt-1ptCoinstats.app
2025-01-15 00:00:0047pt0ptCoinstats.app
2025-01-14 00:00:0047pt-1ptCoinstats.app
2025-01-14 00:00:0048pt0ptCoinstats.app
2025-01-13 00:00:0048pt0ptCoinstats.app

Bitcoin: Active Addresses

Analysis of the Bitcoin Address Indicators:

The Bitcoin Address Indicators table indicates the number of active addresses and quantities of wallet addresses based on balance values. However, without the actual data in the table, it is not possible to provide a comprehensive analysis. Please provide the relevant data for a more in-depth analysis.

DateAddressesVariationIndicatorSource
2025-01-15 14:00:001,363,470,3700.00%Total Addressesbitaps.com
2025-01-15 14:00:001,310,887,9520.00%Zero Balance Addressesbitaps.com
2025-01-15 14:00:00773,9400.00%Bitcoin Active Addressesbtc.com
2025-01-15 14:00:00540,3350.00%Addresses with over 0bitaps.com
2025-01-15 14:00:00219,2210.00%Addresses with over 0.0000001bitaps.com
2025-01-15 14:00:004,037,8880.00%Addresses with over 0.000001bitaps.com
2025-01-15 14:00:0010,835,3170.00%Addresses with over 0.00001bitaps.com
2025-01-15 14:00:0013,076,9610.00%Addresses with over 0.0001bitaps.com
2025-01-15 14:00:0011,514,7920.00%Addresses with over 0.001bitaps.com
2025-01-15 14:00:007,887,2210.00%Addresses with over 0.01bitaps.com
2025-01-15 14:00:003,476,1330.00%Addresses with over 0.1bitaps.com
2025-01-15 14:00:00842,1540.00%Addresses with over 1bitaps.com
2025-01-15 14:00:00134,6480.00%Addresses with over 10bitaps.com
2025-01-15 14:00:0015,6890.00%Addresses with over 100bitaps.com
2025-01-15 14:00:001,9620.00%Addresses with over 1,000bitaps.com
2025-01-15 14:00:00930.00%Addresses with over 10,000bitaps.com
2025-01-15 14:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

Analysis of the Economic Events:

The economic events table provides insights into various economic indicators and their impact on the cryptocurrency market. However, without the actual data in the table, it is not possible to provide a detailed analysis. Please provide the relevant data for a more comprehensive understanding of the economic events and their implications for the cryptocurrency market.

DateImpactEvent
2025-01-16 15:30:00ModerateEIA Natural Gas Report Week over Week
2025-01-16 15:00:00ModerateBusiness Inventories Month over Month
2025-01-16 15:00:00ModerateBusiness Inventories Retail Inventories
2025-01-16 15:00:00ModerateBusiness Inventories Wholesale Inventories
2025-01-16 15:00:00ModerateHousing Market Index Index
2025-01-16 15:00:00ModerateBusiness Inventories Manufacturing Inventories
2025-01-16 13:30:00ModerateImport and Export Prices Import Prices – M/M
2025-01-16 13:30:00ModeratePhiladelphia Fed Manufacturing Index Index
2025-01-16 13:30:00HighRetail Sales Ex-Vehicles & Gas – M/M
2025-01-16 13:30:00HighJobless Claims Initial Claims – Change
2025-01-16 13:30:00HighJobless Claims 4-Week Moving Average
2025-01-16 13:30:00HighJobless Claims Initial Claims – Level
2025-01-16 13:30:00ModerateImport and Export Prices Export Prices – Y/Y
2025-01-16 13:30:00ModerateImport and Export Prices Import Prices – Y/Y
2025-01-16 13:30:00HighRetail Sales Retail Sales – M/M
2025-01-16 13:30:00HighRetail Sales Ex-Vehicles – M/M
2025-01-16 13:30:00ModerateImport and Export Prices Export Prices – M/M
2025-01-15 19:00:00ModerateUSD – Beige Book
2025-01-15 16:00:00ModerateRUB – CPI (MoM) (Dec)
2025-01-15 16:00:00ModerateRUB – CPI (YoY) (Dec)
2025-01-15 16:00:00ModerateUSD – FOMC Member Williams Speaks
2025-01-15 15:30:00ModerateUSD – Cushing Crude Oil Inventories
2025-01-15 15:30:00HighUSD – Crude Oil Inventories
2025-01-15 15:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2025-01-15 15:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2025-01-15 15:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2025-01-15 15:00:00ModerateUSD – FOMC Member Kashkari Speaks
2025-01-15 13:30:00ModerateCAD – Wholesale Sales (MoM) (Nov)
2025-01-15 13:30:00ModerateUSD – NY Empire State Manufacturing Index (Jan)
2025-01-15 13:30:00HighUSD – CPI (YoY) (Dec)
2025-01-15 13:30:00HighUSD – CPI (MoM) (Dec)
2025-01-15 13:30:00ModerateUSD – Core CPI (YoY) (Dec)
2025-01-15 13:30:00HighUSD – Core CPI (MoM) (Dec)
2025-01-15 13:30:00HighCPI CPI – Y/Y
2025-01-15 13:30:00HighCPI CPI – M/M
2025-01-15 13:30:00HighCPI Ex-Food & Energy- Y/Y
2025-01-15 13:30:00HighCPI Ex-Food & Energy- M/M
2025-01-15 13:30:00ModerateEmpire State Manufacturing Index Index
2025-01-15 12:15:00ModerateEUR – German Buba Mauderer Speaks
2025-01-15 10:00:00ModerateEUR – Industrial Production (MoM) (Nov)
2025-01-15 09:00:00ModerateUSD – IEA Monthly Report
2025-01-15 08:00:00ModerateEUR – ECBΒ΄s De Guindos Speaks
2025-01-15 08:00:00ModerateEUR – Spanish HICP (YoY) (Dec)
2025-01-15 08:00:00ModerateEUR – Spanish CPI (YoY) (Dec)
2025-01-15 07:45:00ModerateEUR – French HICP (MoM) (Dec)
2025-01-15 07:45:00ModerateEUR – French CPI (MoM) (Dec)
2025-01-15 07:00:00ModerateGBP – PPI Input (MoM) (Dec)
2025-01-15 07:00:00ModerateGBP – CPIH (YoY)
2025-01-15 07:00:00HighGBP – CPI (YoY) (Dec)
2025-01-15 07:00:00ModerateGBP – CPI (MoM) (Dec)
2025-01-15 03:15:00ModerateEUR – ECBΒ΄s Lane Speaks

Crypto Assets Prices

Analysis of the Prices:

Based on the Prices table, there is evidence of price fluctuations and variations in the major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin. However, without the actual data in the table, it is not possible to provide a precise analysis of the price trends and volatility. Please provide the relevant data for a more accurate assessment of the price movements in the cryptocurrency market.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-01-15 23:42:00Bitcoin100,264.053.65%3.841.65%4.331.13%
2025-01-14 23:42:00Bitcoin96,599.992.37%2.182.43%3.21-4.28%
2025-01-13 23:42:00Bitcoin94,313.89-0.12%-0.24-0.06%7.495.63%
2025-01-15 23:42:00Ethereum3,445.016.37%6.803.99%9.024.83%
2025-01-14 23:42:00Ethereum3,225.672.91%2.816.96%4.19-10.16%
2025-01-13 23:42:00Ethereum3,131.78-4.17%-4.15-3.52%14.3512.01%
2025-01-15 23:42:00Binance Coin714.482.21%2.230.77%3.861.86%
2025-01-14 23:42:00Binance Coin698.701.59%1.462.29%1.99-4.07%
2025-01-13 23:42:00Binance Coin687.61-0.78%-0.83-0.29%6.064.78%

CryptocurrencyΒ Capitalization and Volume

Analysis of the Market Capitalizations and Volumes:

The Market Capitalizations and Volumes table provides insights into the total market capitalization and volume of major cryptocurrencies. However, without the actual data in the table, it is not possible to provide a comprehensive analysis of the market capitalizations and volumes. Please provide the relevant data for a more detailed assessment.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-01-15 00:00:00Binance Coin101,867,693,0981.45%598,690,984-54.15%
2025-01-14 00:00:00Binance Coin100,415,036,277-0.70%1,305,644,940321.68%
2025-01-13 00:00:00Binance Coin101,126,508,772-0.45%309,626,819-11.13%
2025-01-15 00:00:00Bitcoin1,912,431,244,9692.24%54,162,937,949-28.62%
2025-01-14 00:00:00Bitcoin1,870,609,367,805-0.05%75,884,348,783284.33%
2025-01-13 00:00:00Bitcoin1,871,506,165,727-0.02%19,744,515,42110.90%
2025-01-15 00:00:00Ethereum388,654,903,1862.92%22,320,661,643-46.59%
2025-01-14 00:00:00Ethereum377,643,507,549-4.00%41,788,617,562337.03%
2025-01-13 00:00:00Ethereum393,373,293,149-0.51%9,561,869,364-13.51%
2025-01-15 00:00:00Tether137,194,563,828-0.15%44,768,986,916-23.83%
2025-01-14 00:00:00Tether137,394,435,4220.01%58,771,464,957160.52%
2025-01-13 00:00:00Tether137,378,514,527-0.01%22,559,614,849-44.71%

Cryptocurrency Exchanges Volume and Variation

Analysis of the Exchanges:

The Exchanges table offers insights into the total capitalization and volume of major exchanges in the cryptocurrency market. However, without the actual data in the table, it is not possible to provide a detailed analysis of the exchanges. Please provide the relevant data for a comprehensive assessment of the exchanges and their impact on the cryptocurrency market.

DateExchangeVolumeVariation
2025-01-15 00:00:00Binance201,417-37.05%
2025-01-14 00:00:00Binance319,952217.06%
2025-01-13 00:00:00Binance100,913-6.39%
2025-01-15 00:00:00Binance US150-29.25%
2025-01-14 00:00:00Binance US212194.44%
2025-01-13 00:00:00Binance US72-15.29%
2025-01-15 00:00:00Bitfinex2,091-71.03%
2025-01-14 00:00:00Bitfinex7,217769.52%
2025-01-13 00:00:00Bitfinex8304.14%
2025-01-15 00:00:00Bybit72,019-24.69%
2025-01-14 00:00:00Bybit95,636170.44%
2025-01-13 00:00:00Bybit35,363-7.82%
2025-01-15 00:00:00Coinbase39,423-27.72%
2025-01-14 00:00:00Coinbase54,541228.26%
2025-01-13 00:00:00Coinbase16,615-24.09%
2025-01-15 00:00:00Crypto.com90,820-43.70%
2025-01-14 00:00:00Crypto.com161,301496.35%
2025-01-13 00:00:00Crypto.com27,0489.43%
2025-01-15 00:00:00Gate.io32,452-36.14%
2025-01-14 00:00:00Gate.io50,816138.98%
2025-01-13 00:00:00Gate.io21,264-15.60%
2025-01-15 00:00:00Kraken12,945-34.53%
2025-01-14 00:00:00Kraken19,771291.04%
2025-01-13 00:00:00Kraken5,056-15.24%
2025-01-15 00:00:00KuCoin11,978-35.10%
2025-01-14 00:00:00KuCoin18,455161.96%
2025-01-13 00:00:00KuCoin7,045-10.76%
2025-01-15 00:00:00OKX30,968-40.67%
2025-01-14 00:00:00OKX52,192299.85%
2025-01-13 00:00:00OKX13,053-10.91%

Mining – Blockchain Technology

Analysis of the Mining:

The Mining table provides information about the mining difficulty, mined blocks, block rewards, and hash rate in the cryptocurrency market. However, without the actual data in the table, it is not possible to conduct a comprehensive analysis of the mining aspect. Please provide the relevant data for a more in-depth examination of the mining trends and their implications for the cryptocurrency market.

Item2025-01-152025-01-142025-01-132025-01-122025-01-112025-01-102025-01-09
Difficulty110.45T110.45T110.45T109.78T109.78T109.78T109.78T
Difficulty Variation0.00%0.00%0.61%0.00%0.00%0.00%0.00%
Blocks879.29K879.14K879.01K878.84K878.70K878.56K878.40K
Blocks Variation0.02%0.01%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 GB845.61B702.80B944.99B748.43B780.65B830.12B677.46B
Hash Rate GB Variation20.32%-25.63%26.26%-4.13%-5.96%22.54%-7.47%

Conclusion

In conclusion, the cryptocurrency market is currently showing a neutral to trending up trend. Positive sentiment keywords and recent news from Thailand regarding Bitcoin ETFs and crypto ambitions contribute to the optimistic outlook. However, there are some concerns, including the blocking of the crypto betting site Polymarket.

It is important to remain cautious and analyze other market factors before making any investment decisions. Market trends have the potential to change rapidly, and staying informed is crucial in navigating the cryptocurrency market.

So What

The current state of the cryptocurrency market holds practical implications for investors and enthusiasts. The positive sentiment and recent developments, such as the potential approval of Bitcoin ETFs and increased crypto ambitions, indicate opportunities for growth and investor interest.

However, it is essential to stay vigilant and consider the risks associated with market volatility and regulatory actions. Negative sentiment keywords and the blocking of Polymarket highlight the importance of monitoring and staying informed regarding market developments.

Investors should exercise caution, conduct thorough research, and consult with financial advisors before making any investment decisions.

What next?

Looking ahead, it is important to monitor the market closely and track key developments. The potential approval of Bitcoin ETFs, ongoing regulatory actions, and market trends will continue to influence the cryptocurrency landscape.

Additionally, the impact of global economic events, technological advancements, and investor sentiment will shape the near-term trajectory of the market. It is crucial to stay informed, adapt to changing market conditions, and make informed decisions based on accurate and up-to-date information.

As the cryptocurrency market evolves, it is important to remain adaptable and prepared for potential opportunities and challenges that may arise.

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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