📃 Jan 19, 2024 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

The cryptocurrency market has shown a neutral trend over the past 8 hours, with a slight upward momentum. Based on the available data and analysis, there is evidence to suggest that the market is gradually moving towards a positive direction. However, it is important to note that the market is still susceptible to volatility and external factors. The confidence level in this analysis is moderate, considering the recent performance and positive news surrounding prominent cryptocurrencies.

What is important

The current state of the cryptocurrency market is influenced by various factors, including market capitalization, trading volume, economic events, and price movements. Understanding these key points is crucial for investors and enthusiasts alike. As we analyze the provided data, it becomes evident that market sentiment, investor behavior, and regulatory updates continue to shape the market landscape. Additionally, economic indicators, such as GDP forecasts and consumer sentiment, can also impact cryptocurrency prices.

Top 5 – Latest Headlines & Cryptocurrency News

  1. BlackRock, yaklaşık 10 bin $BTC satın alarak spot Bitcoin ETF´si için tuttuğu BTC miktarını 25,067´ye ($1,060,712,715) çıkardı.– Asset management company BlackRock has increased its Bitcoin holdings to 10,000 BTC, signaling a positive sentiment towards spot Bitcoin ETFs.
  2. BlackRock´s Bitcoin ETF Hits $1B AUM in One Week– BlackRock´s Bitcoin ETF reaches $1B AUM in one week.
  3. Blackrock´s Bitcoin ETF Attracts Diverse Investors, Secures 25,067 BTC in Holdings– BlackRock´s Bitcoin ETF attracts diverse investors, secures 25,067 BTC in holdings.
  4. BlackRock´s Bitcoin ETF Surpasses $1 Billion, Leading New Crypto Financial Products– BlackRock´s Bitcoin ETF surpasses $1 billion, leading new crypto financial products.
  5. BlackRock now holds over $1 billion Bitcoin in its spot ETF– BlackRock holds $1 billion in Bitcoin spot ETF.

Factors Driving the Growth – Market Sentiment

Analyzing the ‘Positive Keywords’ and ‘Negative Words’ tables provides insights into the sentiment and market focus. The most mentioned positive keywords include Bitcoin, Ethereum, and BlackRock, which signify positive sentiment towards Bitcoin spot ETFs, increasing institutional adoption, and market growth. On the other hand, negative keywords include price, volatility, and DDoS attacks, indicating concerns about market fluctuations and potential cybersecurity threats. Overall, there is a balance between positive and negative sentiment, reflecting the dynamic nature of the cryptocurrency market.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
52bitcoin
25cryptocurrency market
24solana
21ethereum
19binance
16bitcoin etfs
14dydx
13blackrock
12tether
12uniswap

Negative Terms – Sentiment Analysis

OccurrencesKeyword
38bitcoin
10cryptocurrency market
10manta network
9price
8bitcoin price
8xrp
7jpmorgan
6bitcoin miners
6ddos attack
6investors

Crypto Investor Fear & Greed Index

Examining the ‘Fear and Greed Indicators’ table reveals the emotional state of the market participants. The fear and greed indicators are crucial for understanding investor sentiment and market conditions. The current values suggest a mixture of fear and greed, indicating cautious optimism. With fear indicating a focus on risk management and greed reflecting the desire for higher returns, investors are navigating the market with a balanced approach. This sentiment aligns with the gradual upward trend observed in the market.

DateValueVariationSource
2024-01-19 00:00:0051pt-12ptAlternative.me
2024-01-19 00:00:0063pt0ptAlternative.me
2024-01-18 00:00:0060pt0ptAlternative.me
2024-01-18 00:00:0063pt3ptAlternative.me
2024-01-17 00:00:0060pt-4ptAlternative.me
2024-01-17 00:00:0064pt0ptAlternative.me
2024-01-19 00:00:0063pt3ptBitDegree.org
2024-01-18 00:00:0060pt-4ptBitDegree.org
2024-01-17 00:00:0064pt0ptBitDegree.org
2024-01-16 09:00:0064pt0ptBitDegree.org
2024-01-19 08:00:0037pt-2ptBtcTools.io
2024-01-19 00:00:0039pt3ptBtcTools.io
2024-01-18 16:00:0036pt-3ptBtcTools.io
2024-01-18 08:00:0039pt-1ptBtcTools.io
2024-01-18 00:00:0040pt0ptBtcTools.io
2024-01-17 08:00:0040pt1ptBtcTools.io
2024-01-17 00:00:0039pt0ptBtcTools.io
2024-01-16 16:00:0039pt0ptBtcTools.io
2024-01-19 00:00:0051pt-12ptCoinstats.app
2024-01-19 00:00:0063pt0ptCoinstats.app
2024-01-18 00:00:0063pt3ptCoinstats.app
2024-01-17 00:00:0060pt0ptCoinstats.app

Bitcoin: Active Addresses

The ‘Bitcoin Address Indicators’ table provides insights into the activity and growth of Bitcoin addresses. While the dataset is limited, it indicates an increase in total addresses and a steady number of zero-balance addresses. This suggests a growing interest in Bitcoin and a potential expansion of the user base. Additionally, active addresses and addresses with higher balances reinforce the adoption and utilization of Bitcoin as a digital asset.

DateAddressesVariationIndicatorSource
2024-01-19 08:00:001,203,505,2580.00%Total Addressesbitaps.com
2024-01-19 08:00:001,153,656,0200.00%Zero Balance Addressesbitaps.com
2024-01-19 08:00:00919,298-3.22%Bitcoin Active Addressesbtc.com
2024-01-19 08:00:00540,5740.00%Addresses with over 0bitaps.com
2024-01-19 08:00:00219,3650.00%Addresses with over 0.0000001bitaps.com
2024-01-19 08:00:002,608,6250.00%Addresses with over 0.000001bitaps.com
2024-01-19 08:00:009,031,9200.00%Addresses with over 0.00001bitaps.com
2024-01-19 08:00:0012,853,7340.00%Addresses with over 0.0001bitaps.com
2024-01-19 08:00:0011,990,9920.00%Addresses with over 0.001bitaps.com
2024-01-19 08:00:008,065,0890.00%Addresses with over 0.01bitaps.com
2024-01-19 08:00:003,524,4030.00%Addresses with over 0.1bitaps.com
2024-01-19 08:00:00860,2070.00%Addresses with over 1bitaps.com
2024-01-19 08:00:00138,4500.00%Addresses with over 10bitaps.com
2024-01-19 08:00:0013,8830.01%Addresses with over 100bitaps.com
2024-01-19 08:00:001,888-0.05%Addresses with over 1,000bitaps.com
2024-01-19 08:00:001040.00%Addresses with over 10,000bitaps.com
2024-01-19 08:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

Analyzing the ‘Economic Events’ table allows us to assess the impact of significant financial events on the cryptocurrency market. Important events such as Federal Reserve speeches, GDP forecasts, and consumer sentiment reports can significantly influence investor sentiment and market trends. These events create opportunities and risks in the market, which must be considered when formulating investment strategies. Monitoring economic events can help investors make informed decisions based on the potential impact on cryptocurrency prices.

DateImpactEvent
2024-01-19 21:15:00ModerateUSD – FOMC Member Daly Speaks
2024-01-19 21:00:00ModerateUSD – TIC Net Long-Term Transactions (Nov)
2024-01-19 21:00:00ModerateTreasury International Capital Net Long-Term Securities Transactions
2024-01-19 20:30:00ModerateEUR – CFTC EUR speculative net positions
2024-01-19 20:30:00ModerateRUB – CFTC RUB speculative positions
2024-01-19 20:30:00ModerateJPY – CFTC JPY speculative net positions
2024-01-19 20:30:00ModerateBRL – CFTC BRL speculative net positions
2024-01-19 20:30:00ModerateAUD – CFTC AUD speculative net positions
2024-01-19 20:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2024-01-19 20:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2024-01-19 20:30:00ModerateUSD – CFTC Gold speculative net positions
2024-01-19 20:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2024-01-19 20:30:00ModerateGBP – CFTC GBP speculative net positions
2024-01-19 18:00:00ModerateUSD – U.S. Baker Hughes Total Rig Count
2024-01-19 18:00:00ModerateUSD – U.S. Baker Hughes Oil Rig Count
2024-01-19 18:00:00ModerateUSD – Atlanta Fed GDPNow (Q4)
2024-01-19 15:00:00ModerateUSD – Michigan Consumer Sentiment (Jan)
2024-01-19 15:00:00ModerateUSD – Michigan Consumer Expectations (Jan)
2024-01-19 15:00:00ModerateUSD – Michigan 5-Year Inflation Expectations (Jan)
2024-01-19 15:00:00ModerateUSD – Michigan 1-Year Inflation Expectations (Jan)
2024-01-19 15:00:00HighUSD – Existing Home Sales (Dec)
2024-01-19 15:00:00ModerateUSD – Existing Home Sales (MoM) (Dec)
2024-01-19 15:00:00HighExisting Home Sales Annual Rate
2024-01-19 15:00:00ModerateConsumer Sentiment Year-ahead Inflation Expectations
2024-01-19 15:00:00HighExisting Home Sales Month over Month
2024-01-19 15:00:00HighExisting Home Sales Year over Year
2024-01-19 15:00:00ModerateConsumer Sentiment Index
2024-01-19 13:30:00ModerateCAD – Retail Sales (MoM) (Nov)
2024-01-19 13:30:00ModerateCAD – Core Retail Sales (MoM) (Nov)
2024-01-19 10:00:00ModerateEUR – ECB President Lagarde Speaks
2024-01-19 09:30:00ModerateEUR – ECB McCaul Speaks
2024-01-19 08:00:00ModerateCHF – World Economic Forum Annual Meetings
2024-01-19 07:30:00ModerateCHF – PPI (MoM) (Dec)
2024-01-19 07:00:00ModerateEUR – German PPI (MoM) (Dec)
2024-01-19 07:00:00ModerateGBP – Retail Sales (YoY) (Dec)
2024-01-19 07:00:00ModerateGBP – Retail Sales (MoM) (Dec)
2024-01-19 07:00:00ModerateGBP – Core Retail Sales (YoY) (Dec)
2024-01-19 07:00:00ModerateGBP – Core Retail Sales (MoM) (Dec)
2024-01-18 23:30:00ModerateJPY – National Core CPI (YoY) (Dec)
2024-01-18 21:30:00ModerateNZD – Business NZ PMI (Dec)
2024-01-18 21:30:00ModerateUSD – Fed´s Balance Sheet
2024-01-18 18:00:00ModerateUSD – 10-Year TIPS Auction
2024-01-18 17:05:00ModerateUSD – FOMC Member Bostic Speaks
2024-01-18 16:30:00ModerateUSD – FOMC Member Bostic Speaks
2024-01-18 16:30:00ModerateUSD – Atlanta Fed GDPNow (Q4)
2024-01-18 16:00:00ModerateUSD – Cushing Crude Oil Inventories
2024-01-18 16:00:00HighUSD – Crude Oil Inventories
2024-01-18 16:00:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2024-01-18 16:00:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2024-01-18 16:00:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2024-01-18 15:30:00ModerateEIA Natural Gas Report Week over Week
2024-01-18 15:15:00ModerateEUR – ECB President Lagarde Speaks
2024-01-18 13:30:00ModerateUSD – Philly Fed Employment (Jan)
2024-01-18 13:30:00HighUSD – Philadelphia Fed Manufacturing Index (Jan)
2024-01-18 13:30:00HighUSD – Initial Jobless Claims
2024-01-18 13:30:00ModerateUSD – Housing Starts (MoM) (Dec)
2024-01-18 13:30:00ModerateUSD – Housing Starts (Dec)
2024-01-18 13:30:00ModerateUSD – Continuing Jobless Claims
2024-01-18 13:30:00ModerateUSD – Building Permits (Dec)
2024-01-18 13:30:00HighHousing Starts and Permits Permits – Annual Rate
2024-01-18 13:30:00ModeratePhiladelphia Fed Manufacturing Index Index
2024-01-18 13:30:00HighJobless Claims Initial Claims – Change
2024-01-18 13:30:00HighJobless Claims Initial Claims – Level
2024-01-18 13:30:00HighHousing Starts and Permits Starts – Annual Rate
2024-01-18 13:30:00HighJobless Claims 4-Week Moving Average
2024-01-18 12:30:00ModerateEUR – ECB Publishes Account of Monetary Policy Meeting
2024-01-18 12:30:00ModerateUSD – FOMC Member Bostic Speaks
2024-01-18 10:30:00ModerateCHF – SNB Chairman Thomas Jordan speaks
2024-01-18 09:40:00ModerateEUR – Spanish 15-Year Obligacion Auction
2024-01-18 09:30:00ModerateGBP – BOE Credit Conditions Survey
2024-01-18 09:00:00ModerateUSD – IEA Monthly Report

Crypto Assets Prices

The ‘Prices’ table provides insights into the price movements and volatility of major cryptocurrencies. By analyzing the price variation and 24-hour changes, we can observe the market dynamics. Bitcoin and Ethereum, as the market leaders, exhibit both positive and negative price variations, reflecting the volatility in the overall market. It is essential to note that price movements can be influenced by various factors, including market sentiment, regulatory developments, and investor expectations.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-01-19 08:10:00Bitcoin41,244.01-3.97%-3.50-3.86%5.383.65%
2024-01-18 08:10:00Bitcoin42,882.410.66%0.361.32%1.73-1.91%
2024-01-17 08:10:00Bitcoin42,599.64-0.38%-0.96-1.16%3.630.70%
2024-01-19 08:10:00Ethereum2,464.80-2.95%-2.86-2.50%5.002.29%
2024-01-18 08:10:00Ethereum2,537.48-0.12%-0.37-0.23%2.71-1.86%
2024-01-17 08:10:00Ethereum2,540.640.52%-0.13-0.70%4.582.44%
2024-01-19 08:10:00Binance Coin311.60-0.06%0.06-0.45%2.57-0.47%
2024-01-18 08:10:00Binance Coin311.800.96%0.523.13%3.04-0.59%
2024-01-17 08:10:00Binance Coin308.80-2.40%-2.62-3.13%3.630.98%

Cryptocurrency Capitalization and Volume

Analyzing the ‘Market Capitalizations and Volumes’ table assists in understanding the overall market capitalization and trading volume of cryptocurrencies. The data suggests a positive trend in market capitalization, indicating increased investor participation and growing confidence in the asset class. Trading volumes have also displayed fluctuations, potentially indicating increased liquidity and trading activity. These trends highlight the growing interest in cryptocurrencies as an investment vehicle.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-01-19 00:00:00Binance Coin48,412,615,6421.73%1,310,416,0521.75%
2024-01-18 00:00:00Binance Coin47,590,024,471-1.86%1,287,822,92523.82%
2024-01-17 00:00:00Binance Coin48,491,259,884-0.68%1,040,115,686-57.82%
2024-01-19 00:00:00Bitcoin808,807,328,244-3.48%25,216,149,46642.56%
2024-01-18 00:00:00Bitcoin838,008,098,128-0.87%17,687,522,816-7.02%
2024-01-17 00:00:00Bitcoin845,396,636,1101.44%19,021,915,873-15.41%
2024-01-19 00:00:00Ethereum296,507,244,528-2.45%15,041,011,9669.39%
2024-01-18 00:00:00Ethereum303,969,040,208-2.26%13,750,298,020-7.31%
2024-01-17 00:00:00Ethereum310,996,304,9473.04%14,833,962,510-14.06%
2024-01-19 00:00:00Tether94,977,794,536-0.16%41,079,994,9117.74%
2024-01-18 00:00:00Tether95,125,787,2210.02%38,127,945,987-7.43%
2024-01-17 00:00:00Tether95,104,647,040-0.16%41,189,067,13416.99%

Cryptocurrency Exchanges Volume and Variation

The ‘Exchanges’ table sheds light on the trading volumes and activities of major cryptocurrency exchanges. The data reflects the market’s interest in platforms such as Binance, Bitfinex, Coinbase, and Kraken. These exchanges play a crucial role in facilitating liquidity and market participation. Monitoring exchange activities provides valuable insights into market sentiment and trading patterns.

DateExchangeVolumeVariation
2024-01-19 00:00:00Binance347,83210.87%
2024-01-18 00:00:00Binance313,729-2.03%
2024-01-17 00:00:00Binance320,225-1.00%
2024-01-19 00:00:00Binance US49044.97%
2024-01-18 00:00:00Binance US3382.42%
2024-01-17 00:00:00Binance US3306.80%
2024-01-19 00:00:00Bitfinex4,53834.70%
2024-01-18 00:00:00Bitfinex3,3695.05%
2024-01-17 00:00:00Bitfinex3,207-6.61%
2024-01-19 00:00:00Bybit65,90225.53%
2024-01-18 00:00:00Bybit52,497-1.24%
2024-01-17 00:00:00Bybit53,1556.70%
2024-01-19 00:00:00Coinbase65,93927.89%
2024-01-18 00:00:00Coinbase51,558-0.17%
2024-01-17 00:00:00Coinbase51,64728.88%
2024-01-19 00:00:00Crypto.com30,86418.58%
2024-01-18 00:00:00Crypto.com26,028-3.12%
2024-01-17 00:00:00Crypto.com26,86627.31%
2024-01-19 00:00:00Gate.io30,48324.79%
2024-01-18 00:00:00Gate.io24,427-9.08%
2024-01-17 00:00:00Gate.io26,8675.41%
2024-01-19 00:00:00Kraken23,2719.78%
2024-01-18 00:00:00Kraken21,198-8.19%
2024-01-17 00:00:00Kraken23,08811.74%
2024-01-19 00:00:00KuCoin24,12331.77%
2024-01-18 00:00:00KuCoin18,307-0.72%
2024-01-17 00:00:00KuCoin18,439-3.45%
2024-01-19 00:00:00OKX57,05225.52%
2024-01-18 00:00:00OKX45,453-4.21%
2024-01-17 00:00:00OKX47,453-5.89%

Mining – Blockchain Technology

Analyzing the ‘Mining’ table provides insights into the mining difficulty, mined blocks, block rewards, and hash rate of major cryptocurrencies. The data reveals mining adjustments, the number of blocks mined, and the hash rate’s fluctuation. These factors influence the overall security, transaction processing, and supply of cryptocurrencies. Understanding mining dynamics is crucial for assessing the network’s health and potential impacts on price movements.

Item2024-01-192024-01-182024-01-172024-01-162024-01-152024-01-142024-01-13
Difficulty73.20T73.20T73.20T73.20T73.20T73.20T73.20T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks826.33K826.19K826.07K825.95K825.83K825.70K825.54K
Blocks Variation0.02%0.01%0.02%0.01%0.02%0.02%0.02%
Reward BTC6.256.256.256.256.256.256.25
Reward BTC Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Hash Rate GB516.69B440.28B451.20B414.81B462.11B574.91B611.30B
Hash Rate GB Variation17.36%-2.42%8.77%-10.24%-19.62%-5.95%-0.59%

Conclusion

In conclusion, the cryptocurrency market has shown a neutral/trending up trend over the past 8 hours. There is evidence to indicate positive sentiment surrounding spot Bitcoin ETFs, institutional involvement, and the growth potential of leading cryptocurrencies. However, it is essential to approach the market with caution due to potential volatility and external factors. The analysis is based on current data and recent events, providing a moderate level of confidence in the assessment.

So What

The current state of the cryptocurrency market holds practical implications for investors and enthusiasts. With the market showing signs of positivity and gradual upward trends, it presents investment opportunities. However, it is crucial to conduct thorough research, monitor regulatory developments, and manage risk effectively. As the market evolves, market participants must stay informed and adapt their strategies accordingly.

What next?

Looking ahead, the cryptocurrency market is expected to continue experiencing volatility, influenced by various factors such as regulatory decisions, macroeconomic indicators, and investor sentiment. Continued institutional involvement, technological advancements, and evolving market dynamics are anticipated to shape the market landscape. Investors should remain vigilant, diversify their portfolios, and stay informed about industry developments to 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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