πŸ“ƒ Jan 24, 2025 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

In the last 24 hours, the cryptocurrency market has shown a neutral to trending up trend. Although some cryptocurrencies experienced minor price variations, the overall sentiment remains positive. Among the noteworthy trends, Shiba Inu and Cardano investors have shown interest in RCO Finance, attracted by its AI edge and the potential for significant growth. Ethereum and Cardano investors have also seen returns with Remittix’s success, indicating the demand for efficient and secure global crypto transactions. Additionally, the hype surrounding Doge Uprising, a crypto presale, has captured the attention of investors alongside XRP and Aave. These positive developments suggest that the cryptocurrency market is currently experiencing considerable activity and attracting substantial investor interest.

What is important

Given the recent market data, several key factors are important to understanding the current state of the cryptocurrency market. First, the performance of altcoins like Shiba Inu, Cardano, and Remittix showcases the market’s appetite for high-growth potential projects. Second, the success of presales, such as Doge Uprising, indicates strong investor demand for emerging tokens with significant upside potential. Third, regulatory actions, such as President Trump’s executive order against central bank digital currencies (CBDCs), can influence market sentiment and investor behavior. Lastly, the continued dominance and stability of major cryptocurrencies like Bitcoin and Ethereum contribute to the overall market outlook and investor confidence.

Top 5 – Latest Headlines & Cryptocurrency News

πŸ‘ Shiba Inu and Cardano Investors Pivot to RCO Finance for Its AI Edge and 30,000% Growth Path
– Shiba Inu and Cardano investors are turning to RCO Finance for its AI edge and potential growth.

πŸ‘ Ethereum And Cardano Drowned By RemittixΒ΄s Success As Early Investors Bag 50% Returns In Just Three Weeks
– RemittixΒ΄s success leads to 50% returns for early investors in just three weeks.

πŸ‘ Crypto Presale: Doge Uprising Set to 100x – Investors Flock Alongside XRP & Aave
– The crypto presale Β΄Doge UprisingΒ΄ is expected to give investors a 100x return as they flock alongside XRP and Aave.

πŸ‘Ž XRP & Cardano Technology Outdated By 1Fuel Exchange as Presale Hits Major Milestones
– The 1Fuel Exchange presale has reached significant milestones, surpassing XRP and Cardano in terms of technology.

πŸ‘ Trump Grants Full Pardon to Silk Road Founder Ross Ulbricht
– Silk Road founder Ross Ulbricht has been granted a full pardon by President Trump.

Factors DrivingΒ the Growth – Market Sentiment

Analyzing the ‘Positive Keywords’ and ‘Negative Keywords’ tables, it is evident that Bitcoin remains a prominent keyword, indicating its continued significance in the market. Additionally, XRP has garnered attention, both positively and negatively, with investors closely monitoring its developments and price movements. Other notable keywords include cryptocurrency market, Trump-related references, and emerging tokens like Shiba Inu and Remittix.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
33bitcoin
16xrp
14cryptocurrency market
10crypto
10trump
8dogecoin
7price
7remittix
7solana
6cardano

Negative Terms – Sentiment Analysis

OccurrencesKeyword
6price
5bitcoin
5cryptocurrency market
4executive order
4shiba inu
4xrp
3ethereum
3phemex
3trump
3trump memecoins

Crypto Investor Fear & Greed Index

The ‘Fear and Greed Indicators’ table shows mixed sentiments within the cryptocurrency market. Currently, the market sentiment falls within the range of fear to greed, with indicators fluctuating in response to various market factors. It is worth noting that extreme fear or greed is not prevalent at the moment, suggesting a balanced sentiment among market participants. However, investors should closely monitor any shifts in sentiment as it may impact market dynamics.

DateValueVariationSource
2025-01-24 00:00:0075pt0ptAlternative.me
2025-01-23 00:00:0075pt-9ptAlternative.me
2025-01-22 00:00:0084pt0ptAlternative.me
2025-01-24 00:00:0075pt0ptBitDegree.org
2025-01-23 00:00:0075pt-9ptBitDegree.org
2025-01-22 00:00:0084pt0ptBitDegree.org
2025-01-24 00:00:0066pt0ptBtcTools.io
2025-01-23 16:00:0066pt-3ptBtcTools.io
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 00:00:0068pt0ptBtcTools.io
2025-01-24 00:00:0060pt-6ptCoinstats.app
2025-01-23 00:00:0059pt0ptCoinstats.app
2025-01-23 00:00:0066pt7ptCoinstats.app
2025-01-22 00:00:0059pt0ptCoinstats.app

Bitcoin: Active Addresses

The ‘Bitcoin Address Indicators’ table provides insights into the behavior of Bitcoin addresses and wallet balances. While there has been moderate activity in terms of active addresses and addresses with positive balances, it is essential to pay attention to variations in these indicators over time. The dataset suggests a stable number of active addresses and healthy balances, indicating continued interest and engagement within the 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

Considering the ‘Economic Events’ table, it is crucial to monitor the impact of economic indicators on the cryptocurrency market. Key events, such as the Michigan Consumer Sentiment index and existing home sales, can influence market sentiment and potentially trigger price movements. These economic events provide valuable insights into consumer behavior and the overall economic outlook, which can indirectly impact cryptocurrency adoption and investment.

DateImpactEvent
2025-01-24 20:30:00ModerateEUR – CFTC EUR speculative net positions
2025-01-24 20:30:00ModerateJPY – CFTC JPY speculative net positions
2025-01-24 20:30:00ModerateBRL – CFTC BRL speculative net positions
2025-01-24 20:30:00ModerateAUD – CFTC AUD speculative net positions
2025-01-24 20:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2025-01-24 20:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2025-01-24 20:30:00ModerateUSD – CFTC Gold speculative net positions
2025-01-24 20:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2025-01-24 20:30:00ModerateGBP – CFTC GBP speculative net positions
2025-01-24 18:00:00ModerateUSD – U.S. Baker Hughes Total Rig Count
2025-01-24 18:00:00ModerateUSD – U.S. Baker Hughes Oil Rig Count
2025-01-24 15:00:00ModerateUSD – Michigan Consumer Sentiment (Jan)
2025-01-24 15:00:00ModerateUSD – Michigan Consumer Expectations (Jan)
2025-01-24 15:00:00ModerateUSD – Michigan 5-Year Inflation Expectations (Jan)
2025-01-24 15:00:00ModerateUSD – Michigan 1-Year Inflation Expectations (Jan)
2025-01-24 15:00:00HighUSD – Existing Home Sales (Dec)
2025-01-24 15:00:00ModerateUSD – Existing Home Sales (MoM) (Dec)
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 14:45:00HighUSD – S&P Global Services PMI
2025-01-24 14:45:00ModerateUSD – S&P Global Composite PMI
2025-01-24 14:45:00HighUSD – S&P Global Manufacturing PMI
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
2025-01-24 13:30:00ModerateCAD – New Housing Price Index (MoM) (Dec)
2025-01-24 10:00:00ModerateEUR – ECB President Lagarde Speaks
2025-01-24 09:30:00ModerateGBP – S&P Global Services PMI (Jan)
2025-01-24 09:30:00ModerateGBP – S&P Global Composite PMI (Jan)
2025-01-24 09:25:00ModerateGBP – S&P Global Manufacturing PMI (Jan)
2025-01-24 09:00:00ModerateEUR – HCOB Eurozone Services PMI
2025-01-24 09:00:00ModerateEUR – HCOB Eurozone Composite PMI
2025-01-24 09:00:00ModerateEUR – HCOB Eurozone Manufacturing PMI
2025-01-24 08:30:00ModerateEUR – HCOB Germany Services PMI
2025-01-24 08:30:00ModerateEUR – HCOB Germany Manufacturing PMI
2025-01-24 08:15:00ModerateEUR – HCOB France Services PMI
2025-01-24 08:15:00ModerateEUR – HCOB France Manufacturing PMI
2025-01-24 08:00:00ModerateCHF – World Economic Forum Annual Meetings
2025-01-24 06:30:00ModerateJPY – BoJ Press Conference
2025-01-24 03:50:00HighJPY – BoJ Interest Rate Decision
2025-01-24 03:20:00HighJPY – BoJ Interest Rate Decision
2025-01-24 03:00:00HighJPY – BoJ Interest Rate Decision
2025-01-24 03:00:00ModerateJPY – BoJ Outlook Report (YoY)
2025-01-24 02:30:00ModerateJPY – BoJ Monetary Policy Statement
2025-01-24 00:30:00ModerateJPY – au Jibun Bank Services PMI (Jan)
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

Crypto Assets Prices

Analyzing the ‘Prices’ table, it is evident that the prices of major cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin, have exhibited both positive and negative variations. However, the overall trend remains stable, with some cryptocurrencies experiencing upward price momentum. Investors should closely monitor these price movements and track the factors driving these changes, such as market demand, adoption, and regulatory developments.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2025-01-24 08:01:00Bitcoin105,131.072.41%2.855.39%5.521.57%
2025-01-23 08:01:00Bitcoin102,597.90-2.50%-2.54-5.17%3.95-1.12%
2025-01-22 08:01:00Bitcoin105,163.143.11%2.638.56%5.06-4.00%
2025-01-24 08:01:00Ethereum3,383.974.49%5.427.46%7.282.64%
2025-01-23 08:01:00Ethereum3,232.01-1.85%-2.05-3.21%4.641.04%
2025-01-22 08:01:00Ethereum3,291.851.25%1.165.34%3.60-2.88%
2025-01-24 08:01:00Binance Coin686.96-0.04%0.101.65%2.06-0.50%
2025-01-23 08:01:00Binance Coin687.25-1.58%-1.55-3.78%2.55-0.80%
2025-01-22 08:01:00Binance Coin698.082.34%2.234.87%3.35-1.23%

CryptocurrencyΒ Capitalization and Volume

The ‘Market Capitalizations and Volumes’ table demonstrates the total market capitalization and volume of major cryptocurrencies. While fluctuations in capitalization and volume are expected, the overall trend reflects continued interest and investment in the cryptocurrency market. Bitcoin, as the largest cryptocurrency, shows a steady capitalization with minor variations, indicating its dominance in the market. Ethereum and Tether also exhibit stable market capitalizations. These figures collectively suggest ongoing investor confidence and the market’s resilience amidst changing conditions.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2025-01-24 00:00:00Binance Coin100,617,735,193-0.97%1,199,212,88944.07%
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%
2025-01-24 00:00:00Bitcoin2,062,360,759,0450.48%102,571,799,85591.52%
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%
2025-01-24 00:00:00Ethereum401,547,418,9062.61%33,880,470,03455.04%
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%
2025-01-24 00:00:00Tether138,637,964,4070.11%110,545,131,140130.50%
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%

Cryptocurrency Exchanges Volume and Variation

Analyzing the ‘Exchanges’ table, it is evident that trading volume across various exchanges experienced fluctuations. Binance maintains consistent trading volume, reflecting its popularity and strong market presence. Other exchanges, such as Binance US, Bitfinex, and Bybit, show varying volumes, influenced by different factors, including user preferences and platform developments. It is essential for traders and investors to stay informed about the trading activities and liquidity provided by different exchanges to make informed decisions.

DateExchangeVolumeVariation
2025-01-24 00:00:00Binance328,26939.21%
2025-01-23 00:00:00Binance236,437-0.34%
2025-01-23 00:00:00Binance235,805-0.27%
2025-01-23 00:00:00Binance237,244-35.40%
2025-01-22 00:00:00Binance367,273-44.14%
2025-01-24 00:00:00Binance US21920.99%
2025-01-23 00:00:00Binance US1810.00%
2025-01-23 00:00:00Binance US182-22.55%
2025-01-23 00:00:00Binance US181-0.55%
2025-01-22 00:00:00Binance US235-36.83%
2025-01-24 00:00:00Bitfinex5,287129.37%
2025-01-23 00:00:00Bitfinex2,360-62.88%
2025-01-23 00:00:00Bitfinex2,339-0.89%
2025-01-23 00:00:00Bitfinex2,305-1.45%
2025-01-22 00:00:00Bitfinex6,358-27.06%
2025-01-24 00:00:00Bybit106,90051.69%
2025-01-23 00:00:00Bybit70,189-0.29%
2025-01-23 00:00:00Bybit70,4720.40%
2025-01-23 00:00:00Bybit70,390-31.96%
2025-01-22 00:00:00Bybit103,459-46.90%
2025-01-24 00:00:00Coinbase71,23056.02%
2025-01-23 00:00:00Coinbase45,6552.98%
2025-01-23 00:00:00Coinbase44,094-33.50%
2025-01-23 00:00:00Coinbase44,3360.55%
2025-01-22 00:00:00Coinbase66,308-38.67%
2025-01-24 00:00:00Crypto.com164,33867.30%
2025-01-23 00:00:00Crypto.com97,775-46.28%
2025-01-23 00:00:00Crypto.com98,1070.34%
2025-01-23 00:00:00Crypto.com98,2300.13%
2025-01-22 00:00:00Crypto.com182,012166.93%
2025-01-24 00:00:00Gate.io52,98728.88%
2025-01-23 00:00:00Gate.io41,135-0.22%
2025-01-23 00:00:00Gate.io41,114-0.05%
2025-01-23 00:00:00Gate.io41,226-33.73%
2025-01-22 00:00:00Gate.io62,209-47.95%
2025-01-24 00:00:00Kraken21,08447.08%
2025-01-23 00:00:00Kraken14,335-0.13%
2025-01-23 00:00:00Kraken14,390-34.80%
2025-01-23 00:00:00Kraken14,354-0.25%
2025-01-22 00:00:00Kraken22,071-41.50%
2025-01-24 00:00:00KuCoin18,64848.29%
2025-01-23 00:00:00KuCoin12,524-37.01%
2025-01-23 00:00:00KuCoin12,5700.37%
2025-01-23 00:00:00KuCoin12,5750.04%
2025-01-22 00:00:00KuCoin19,883-41.20%
2025-01-24 00:00:00OKX57,32748.25%
2025-01-23 00:00:00OKX38,999-44.11%
2025-01-23 00:00:00OKX38,832-0.43%
2025-01-23 00:00:00OKX38,668-0.42%
2025-01-22 00:00:00OKX69,774-47.51%

Mining – Blockchain Technology

The ‘Mining’ table highlights key mining metrics, including difficulty, blocks, block rewards, and hash rate. These metrics serve as indicators of the computational mining capacity and overall health of the network. In the last 24 hours, mining difficulty has remained stable for Bitcoin and other cryptocurrencies, demonstrating a healthy level of competition among miners. The number of mined blocks and block rewards has also shown consistent patterns. Additionally, the hash rate, representing the mining power, displays moderate variations, staying in line with the overall trend.

DateDifficultyDifficulty VariationBlocksBlocks VariationReward BTCReward BTC VariationHash Rate GBHash Rate GB Variation
2025-01-24110.45T0.00%880.56K0.01%3.130.00%747.07B-8.82%
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%

Conclusion

In conclusion, the cryptocurrency market has shown a neutral to trending up trend in the past 24 hours, supported by positive developments, investment activities, and stable market indicators. The presence of significant news events, such as regulatory actions and successful presales, has contributed to market sentiment. The performance of major cryptocurrencies, including Bitcoin, Ethereum, and altcoins like Shiba Inu and Cardano, indicate sustained interest and potential growth opportunities. It is crucial for market participants to stay updated on key economic events, capitalization trends, exchange activities, mining metrics, and sentiment indicators to make informed decisions in this dynamic market.

So What

The current state of the cryptocurrency market presents practical implications for investors and traders. Given the positive sentiment and various growth opportunities observed in altcoins and emerging tokens, investors may consider diversifying their portfolios beyond traditional cryptocurrencies like Bitcoin and Ethereum. However, it is essential to conduct thorough research and due diligence before investing in any specific project or token. Additionally, staying informed about economic events, regulatory actions, and market trends can help navigate potential risks and identify promising investment opportunities.

What next?

Looking ahead, the cryptocurrency market is expected to remain dynamic. Factors such as regulatory developments, technological advancements, and market sentiment will continue to influence the market. Traders and investors should closely monitor key indicators, including price movements, trading volumes, capitalization trends, and news events. Furthermore, advancements in DeFi, the emergence of new altcoins, and potential market cycles will likely shape the cryptocurrency landscape. It is crucial to adapt and evolve investment strategies accordingly, always aligning decisions with individual risk tolerance and investment goals.

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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