πŸ“ƒ Jan 23, 2025 – EUROPE 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 slightly trending up pattern. This analysis is based on the latest available data and trends observed. The market has witnessed positive sentiments driven by factors such as the growing interest of influential figures like Trump in the cryptocurrency space. The entry of Trump into the meme coin market has been seen as a signal of a new era for crypto, creating excitement and generating optimism among investors.

Additionally, the recent full and unconditional pardon issued by Trump to Ross Ulbricht, the founder of Silk Road, has sparked further positive sentiment in the market. This unexpected move has raised hopes for increased regulatory clarity and favorable developments for the cryptocurrency industry under the Trump administration.

Moreover, significant buying activity has been observed in Bitcoin, with MicroStrategy and US spot Bitcoin ETFs purchasing over $4 billion worth of BTC. This demonstrates a continued interest from both institutional and retail investors, indicating confidence in the future performance of Bitcoin.

On the other hand, while the market is predominantly positive, there have been some negative sentiments as well. Concerns have been raised about the potential impact of Trump’s crypto venture on confidence in digital assets. Executives in the industry fear that this venture may erode trust and have a detrimental effect on the overall perception of cryptocurrencies.

In summary, the cryptocurrency market has shown a neutral to trending up pattern in the last 24 hours. The positive sentiment is largely driven by Trump’s involvement and positive developments such as the pardon of Ross Ulbricht, increased BTC buying activity, and promising prospects for the future of the market.

What is important

Key points to understand the current state of the cryptocurrency market:
– Growing interest of Trump in the crypto space and his entry into the meme coin market.
– Pardon issued by Trump to Silk Road founder Ross Ulbricht, raising hopes for regulatory clarity.
– Continued buying activity in Bitcoin by MicroStrategy and US spot Bitcoin ETFs.
– Concerns about the potential impact of Trump’s crypto venture on confidence in digital assets.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘Ž TrumpΒ΄s Crypto Venture Erodes Confidence in Digital Assets, Executives Say
– Executives express concerns about TrumpΒ΄s crypto venture impacting confidence in digital assets.

πŸ‘ From critic to advocate: CryptoQuant CEOΒ΄s take on TRUMP
– The CEO of CryptoQuant shares his perspective on TrumpΒ΄s change of stance towards cryptocurrencies.

πŸ‘ Trump Entry into Meme Coin Market Signals New Era for Crypto
– TrumpΒ΄s entry into the meme coin market signals a new era for crypto.

πŸ‘ Husky Inu (HINU) Presale Nears $700K and Bitcoin (BTC) Reaches New ATH Following Trump Inauguration
– Husky Inu (HINU) presale nears $700K and Bitcoin (BTC) reaches new ATH following Trump inauguration.

πŸ‘ Forget About Dogecoin; This Crypto Touted As The Β΄New XRPΒ΄ Is Set To Hit A 5000% Rally This Year
– A new cryptocurrency is predicted to experience a significant rally this year, surpassing the growth of Dogecoin and XRP.

Factors DrivingΒ the Growth – Market Sentiment

Positive sentiments have been observed in the market, with keywords such as ‘bitcoin,’ ‘crypto,’ ‘ethereum,’ and ‘dogecoin’ being frequently mentioned. These keywords reflect the overall positive sentiment and growing interest in cryptocurrencies. On the other hand, negative sentiments have been associated with the keyword ‘Trump,’ as concerns about his crypto venture impacting confidence in digital assets emerged.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
27bitcoin
11cryptocurrency market
11ethereum
11xrp
10dogecoin
8lightchain ai
8trump
7crypto
62025
5blackrock

Negative Terms – Sentiment Analysis

OccurrencesKeyword
5trump
3ethereum
2backlash
2bitcoin
2ceo
2corruption
2cryptocurrency market
2dogecoin
2investment firm
2meme coin

Crypto Investor Fear & Greed Index

The Fear and Greed indicators in the market are currently in the range of ‘greed,’ with values indicating an overall positive sentiment. The Fear and Greed Index readings reflect the market participants’ optimism and confidence in the upward trend of the cryptocurrency market. This suggests that investors are more inclined towards taking risks and have a positive outlook on the future performance of cryptocurrencies.

DateValueVariationSource
2025-01-23 00:00:0075pt-9ptAlternative.me
2025-01-22 00:00:0084pt8ptAlternative.me
2025-01-21 00:00:0076pt0ptAlternative.me
2025-01-23 00:00:0075pt-9ptBitDegree.org
2025-01-22 00:00:0084pt8ptBitDegree.org
2025-01-21 00:00:0076pt0ptBitDegree.org
2025-01-23 00:00:0069pt0ptBtcTools.io
2025-01-22 16:00:0069pt2ptBtcTools.io
2025-01-22 08:00:0067pt-1ptBtcTools.io
2025-01-22 00:00:0068pt2ptBtcTools.io
2025-01-21 08:00:0066pt4ptBtcTools.io
2025-01-21 00:00:0062pt-1ptBtcTools.io
2025-01-20 16:00:0063pt-2ptBtcTools.io
2025-01-20 08:00:0065pt0ptBtcTools.io
2025-01-23 00:00:0059pt0ptCoinstats.app
2025-01-23 00:00:0066pt7ptCoinstats.app
2025-01-22 00:00:0059pt1ptCoinstats.app
2025-01-21 00:00:0058pt0ptCoinstats.app

Bitcoin: Active Addresses

The number of active Bitcoin addresses and wallet balances continue to show steady growth. The data from the ‘Bitcoin Address Indicators’ table indicates a positive trend in the increasing number of addresses with different balance values. This suggests a growing interest and involvement of users in the Bitcoin ecosystem. The overall positive trend in active addresses and balance variations signifies a healthy and active Bitcoin network.

DateAddressesVariationIndicatorSource
2025-01-20 09:00:001,365,114,4170.00%Total Addressesbitaps.com
2025-01-20 09:00:00792,4931.69%Bitcoin Active Addressesbtc.com
2025-01-20 09:00:00540,3360.00%Addresses with over 0bitaps.com
2025-01-20 09:00:00219,2180.00%Addresses with over 0.0000001bitaps.com
2025-01-20 09:00:004,034,2340.00%Addresses with over 0.000001bitaps.com
2025-01-20 09:00:0010,841,5040.00%Addresses with over 0.00001bitaps.com
2025-01-20 09:00:0013,183,9530.02%Addresses with over 0.0001bitaps.com
2025-01-20 09:00:0011,557,5020.02%Addresses with over 0.001bitaps.com
2025-01-20 09:00:007,885,7580.01%Addresses with over 0.01bitaps.com
2025-01-20 09:00:003,476,0350.01%Addresses with over 0.1bitaps.com
2025-01-20 09:00:00841,8720.01%Addresses with over 1bitaps.com
2025-01-20 09:00:00134,4700.03%Addresses with over 10bitaps.com
2025-01-20 09:00:0015,7300.06%Addresses with over 100bitaps.com
2025-01-20 09:00:001,9700.05%Addresses with over 1,000bitaps.com
2025-01-20 09:00:00920.00%Addresses with over 10,000bitaps.com
2025-01-20 09:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The economic events in the global financial market have had a moderate impact on the cryptocurrency market. Notable events include the Consumer Sentiment Index, Existing Home Sales, PMI Composite Flash Index, and Jobless Claims. These events reflect the overall market sentiment and the potential influence on cryptocurrency prices. Although the impact may vary, it is essential to monitor these events as they can drive market volatility in the short term.

DateImpactEvent
2025-01-24 15:00:00ModerateConsumer Sentiment Year-ahead Inflation Expectations
2025-01-24 15:00:00HighExisting Home Sales Annual Rate
2025-01-24 15:00:00ModerateConsumer Sentiment Index
2025-01-24 15:00:00HighExisting Home Sales Month over Month
2025-01-24 15:00:00HighExisting Home Sales Year over Year
2025-01-24 14:45:00ModeratePMI Composite Flash Services Index
2025-01-24 14:45:00ModeratePMI Composite Flash Manufacturing Index
2025-01-24 14:45:00ModeratePMI Composite Flash Composite Index
2025-01-23 23:30:00ModerateJPY – National CPI (MoM) (Dec)
2025-01-23 23:30:00ModerateJPY – National Core CPI (YoY) (Dec)
2025-01-23 21:30:00ModerateUSD – FedΒ΄s Balance Sheet
2025-01-23 18:00:00ModerateUSD – 10-Year TIPS Auction
2025-01-23 17:00:00ModerateUSD – Cushing Crude Oil Inventories
2025-01-23 17:00:00HighUSD – Crude Oil Inventories
2025-01-23 17:00:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2025-01-23 17:00:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2025-01-23 17:00:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2025-01-23 16:00:00HighUSD – U.S. President Trump Speaks
2025-01-23 15:30:00ModerateEIA Natural Gas Report Week over Week
2025-01-23 13:30:00ModerateCAD – Retail Sales (MoM) (Nov)
2025-01-23 13:30:00ModerateCAD – Core Retail Sales (MoM) (Nov)
2025-01-23 13:30:00HighUSD – Initial Jobless Claims
2025-01-23 13:30:00ModerateUSD – Continuing Jobless Claims
2025-01-23 13:30:00HighJobless Claims Initial Claims – Level
2025-01-23 13:30:00HighJobless Claims 4-Week Moving Average
2025-01-23 13:30:00HighJobless Claims Initial Claims – Change
2025-01-23 08:00:00ModerateCHF – World Economic Forum Annual Meetings
2025-01-23 05:00:00ModerateSGD – CPI (YoY) (Dec)
2025-01-23 05:00:00ModerateSGD – Core CPI (YoY) (Dec)
2025-01-23 00:30:00ModerateAUD – NAB Business Confidence (Dec)
2025-01-22 23:50:00ModerateJPY – Trade Balance (Dec)
2025-01-22 23:50:00ModerateJPY – Exports (YoY) (Dec)
2025-01-22 23:50:00ModerateJPY – Adjusted Trade Balance
2025-01-22 21:30:00ModerateUSD – API Weekly Crude Oil Stock
2025-01-22 18:30:00ModerateEUR – German Buba President Nagel Speaks
2025-01-22 18:00:00ModerateUSD – 20-Year Bond Auction
2025-01-22 15:15:00ModerateEUR – ECB President Lagarde Speaks
2025-01-22 15:00:00ModerateUSD – US Leading Index (MoM) (Dec)
2025-01-22 13:30:00ModerateCAD – RMPI (MoM) (Dec)
2025-01-22 08:00:00ModerateCHF – World Economic Forum Annual Meetings

Crypto Assets Prices

The prices of major cryptocurrencies have shown a mixed pattern in the last 24 hours. Bitcoin witnessed a slight negative variation, while Ethereum and Binance Coin displayed positive trends. Additionally, there was notable price volatility observed in meme coins following the entry of Trump into the meme coin market. The price movements and variations in cryptocurrencies indicate the ongoing market dynamics and investor sentiment.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-01-23 07:41:00Bitcoin102,513.75-2.65%-2.45-5.62%3.95-1.46%
2025-01-22 07:41:00Bitcoin105,225.452.95%3.177.84%5.41-3.66%
2025-01-21 07:41:00Bitcoin102,120.00-5.91%-4.67-7.51%9.06-1.02%
2025-01-23 07:41:00Ethereum3,224.61-2.12%-1.93-3.10%4.640.51%
2025-01-22 07:41:00Ethereum3,292.901.11%1.174.91%4.13-2.38%
2025-01-21 07:41:00Ethereum3,256.24-3.34%-3.74-6.45%6.51-3.81%
2025-01-23 07:41:00Binance Coin686.73-1.54%-1.52-3.71%2.55-0.91%
2025-01-22 07:41:00Binance Coin697.292.18%2.194.57%3.46-1.13%
2025-01-21 07:41:00Binance Coin682.06-2.37%-2.38-1.41%4.59-0.62%

CryptocurrencyΒ Capitalization and Volume

The total market capitalization and trading volumes of major cryptocurrencies have continued to grow. Bitcoin remains the dominant cryptocurrency in terms of market capitalization, followed by Ethereum and Binance Coin. The capitalization and trading volume trends suggest a positive market sentiment with ongoing bullish activity. The increasing interest from institutional investors and individuals contributes to the overall growth and liquidity of the cryptocurrency market.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-01-23 00:00:00Binance Coin101,606,376,3320.58%832,358,164-25.79%
2025-01-22 00:00:00Binance Coin101,020,028,6612.15%1,121,606,242-49.26%
2025-01-21 00:00:00Binance Coin98,894,421,718-0.21%2,210,589,166-0.31%
2025-01-23 00:00:00Bitcoin2,052,557,104,063-2.46%53,556,597,518-39.44%
2025-01-22 00:00:00Bitcoin2,104,351,342,3394.29%88,428,719,877-27.46%
2025-01-21 00:00:00Bitcoin2,017,837,068,2020.98%121,895,397,24853.84%
2025-01-23 00:00:00Ethereum391,325,577,902-2.42%21,853,187,194-35.15%
2025-01-22 00:00:00Ethereum401,040,481,4372.03%33,698,884,811-37.38%
2025-01-21 00:00:00Ethereum393,073,139,2562.03%53,817,937,420-9.97%
2025-01-23 00:00:00Tether138,479,999,5950.03%47,959,098,705-69.74%
2025-01-22 00:00:00Tether138,438,205,2440.15%158,494,395,391-22.19%
2025-01-21 00:00:00Tether138,226,656,2290.03%203,703,476,558135.75%

Cryptocurrency Exchanges Volume and Variation

Cryptocurrency exchanges play a crucial role in the market, providing users with a platform to trade and invest. Binance, Binance US, Bitfinex, Bybit, Coinbase, Crypto.com, Gate.io, Kraken, KuCoin, and OKX are among the leading exchanges. These exchanges have witnessed variations in trading volume, reflecting the changing market conditions. The exchange ecosystem experiences competition, and there have been significant developments, such as TopOne Exchange launching Trump futures with high leverage. Overall, they contribute to the liquidity and overall efficiency of the cryptocurrency market.

DateExchangeVolumeVariation
2025-01-23 00:00:00Binance237,244-35.40%
2025-01-23 00:00:00Binance236,437-0.34%
2025-01-23 00:00:00Binance235,805-0.27%
2025-01-22 00:00:00Binance367,273-44.14%
2025-01-21 00:00:00Binance657,465-0.14%
2025-01-23 00:00:00Binance US182-22.55%
2025-01-23 00:00:00Binance US181-0.55%
2025-01-23 00:00:00Binance US1810.00%
2025-01-22 00:00:00Binance US235-36.83%
2025-01-21 00:00:00Binance US372-10.58%
2025-01-23 00:00:00Bitfinex2,339-0.89%
2025-01-23 00:00:00Bitfinex2,305-1.45%
2025-01-23 00:00:00Bitfinex2,360-62.88%
2025-01-22 00:00:00Bitfinex6,358-27.06%
2025-01-21 00:00:00Bitfinex8,71726.46%
2025-01-23 00:00:00Bybit70,390-0.12%
2025-01-23 00:00:00Bybit70,189-32.16%
2025-01-23 00:00:00Bybit70,4720.40%
2025-01-22 00:00:00Bybit103,459-46.90%
2025-01-21 00:00:00Bybit194,82911.64%
2025-01-23 00:00:00Coinbase44,094-33.50%
2025-01-23 00:00:00Coinbase44,3360.55%
2025-01-23 00:00:00Coinbase45,6552.98%
2025-01-22 00:00:00Coinbase66,308-38.67%
2025-01-21 00:00:00Coinbase108,12320.42%
2025-01-23 00:00:00Crypto.com97,775-0.46%
2025-01-23 00:00:00Crypto.com98,1070.34%
2025-01-23 00:00:00Crypto.com98,230-46.03%
2025-01-22 00:00:00Crypto.com182,012166.93%
2025-01-21 00:00:00Crypto.com68,188-40.92%
2025-01-23 00:00:00Gate.io41,114-0.05%
2025-01-23 00:00:00Gate.io41,226-33.73%
2025-01-23 00:00:00Gate.io41,135-0.22%
2025-01-22 00:00:00Gate.io62,209-47.95%
2025-01-21 00:00:00Gate.io119,520-6.03%
2025-01-23 00:00:00Kraken14,390-34.80%
2025-01-23 00:00:00Kraken14,354-0.25%
2025-01-23 00:00:00Kraken14,335-0.13%
2025-01-22 00:00:00Kraken22,071-41.50%
2025-01-21 00:00:00Kraken37,726-0.49%
2025-01-23 00:00:00KuCoin12,5750.04%
2025-01-23 00:00:00KuCoin12,524-0.41%
2025-01-23 00:00:00KuCoin12,570-36.78%
2025-01-22 00:00:00KuCoin19,883-41.20%
2025-01-21 00:00:00KuCoin33,816-8.36%
2025-01-23 00:00:00OKX38,668-0.42%
2025-01-23 00:00:00OKX38,999-44.11%
2025-01-23 00:00:00OKX38,832-0.43%
2025-01-22 00:00:00OKX69,774-47.51%
2025-01-21 00:00:00OKX132,924-2.94%

Mining – Blockchain Technology

Mining continues to be an important aspect of the cryptocurrency ecosystem. The mining difficulty, mined blocks, block rewards, and hash rate demonstrate the computational mining capacity and overall health of the network. Currently, mining shows variations in difficulty, rewards, and hash rate. Although some fluctuations are expected, the mining network remains robust and contributes to the security and decentralization of cryptocurrencies.

DateDifficultyDifficulty VariationBlocksBlocks VariationReward BTCReward BTC VariationHash Rate GBHash Rate GB Variation
2025-01-23110.45T0.00%880.42K0.02%3.130.00%823.59B13.54%
2025-01-23110.45T0.00%880.42K0.00%3.130.00%819.32B-0.52%
2025-01-23110.45T0.00%880.43K0.00%3.130.00%819.32B0.00%
2025-01-22110.45T0.00%880.27K0.01%3.130.00%725.36B-13.76%
2025-01-21110.45T0.00%880.14K0.02%3.130.00%841.11B1.42%
2025-01-20110.45T0.00%879.99K0.02%3.130.00%829.35B16.08%
2025-01-19110.45T0.00%879.84K0.01%3.130.00%714.44B-12.80%
2025-01-18110.45T0.00%879.71K0.02%3.130.00%819.32B15.54%
2025-01-17110.45T0.00%879.56K0.01%3.130.00%709.10B-7.17%

Conclusion

In conclusion, the cryptocurrency market has shown a neutral to slightly trending up pattern, fueled by positive sentiments surrounding Trump’s involvement and recent developments. The growth in Bitcoin buying activity by institutional players, like MicroStrategy, and the newfound interest in meme coins following Trump’s entry into the market are notable trends witnessed in the market. However, concerns about the potential impact of Trump’s crypto venture remain. Economic events and the overall capitalization and trading volumes of cryptocurrencies continue to depict positive market dynamics.

So What

The current state of the cryptocurrency market indicates opportunities for potential growth and ongoing developments. Traders and investors should remain vigilant, considering positive trends, but also not to overlook potential risks associated with regulatory changes or market dynamics. It is crucial to stay updated with the latest news and market trends to make informed decisions.

What next?

Looking ahead, monitoring further developments in Trump’s crypto venture and regulatory clarity will be important for investors. Institutional engagement, market dynamics, and technological advancements will continue to shape the cryptocurrency space. As market conditions evolve, it is necessary to adapt strategies and stay informed about the latest market trends and news to navigate the ever-changing 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.

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