πŸ“ƒ Jan 25, 2024 – ASIA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

The cryptocurrency market is currently showing a neutral trend with a slight upward momentum. Based on the analysis of the available data, there are several factors indicating a potential positive shift in the market over the next 8 hours. However, it is important to note that the cryptocurrency market is highly volatile and subject to rapid changes. Therefore, the level of confidence in this analysis is moderate, considering the inherent uncertainties in the market.

What is important

In the current state of the cryptocurrency market, several factors deserve attention. These include the prices of major cryptocurrencies such as Bitcoin and Ethereum, market capitalizations and volumes on various exchanges, economic events impacting the market, and mining indicators. Analyzing these aspects can provide valuable insights into the overall trends and sentiments within the cryptocurrency market.

Top 5 – Latest Headlines & Cryptocurrency News

  1. Bitcoin Price At Risk? GrayscaleΒ΄s $335M Coinbase Transfer Stirs $30,000 Plunge Potential– GrayscaleΒ΄s $335m transfer to Coinbase may lead to a potential $30,000 plunge in Bitcoin price.
  2. JPMorgan Analyst Downgrades Coinbase, Citing Bitcoin Price Decline– JPMorgan analyst downgrades Coinbase due to Bitcoin price decline.
  3. Ethereum Price Falls Another 4% But Bitcoin Minetrix ICO Nears $10 Million Milestone– The Ethereum price falls by another 4% as the Bitcoin Minetrix ICO nears a $10 million milestone.
  4. Ethereum Price Plunge To $2K Imminent as Key Support Line Crumbles– The Ethereum price is predicted to drop to $2,000 as a key support line collapses.
  5. XRP Price Will Crash To Zero Against Bitcoin– An analyst predicts that XRP price will crash to zero against Bitcoin.

Factors DrivingΒ the Growth – Market Sentiment

The analysis of the ‘Positive Keywords’ and ‘Negative Keywords’ tables reveals some important sentiments in the news related to the cryptocurrency market in the past 24 hours. While positive keywords such as ‘Bitcoin’, ‘cryptocurrency market’, and ‘Solana’ dominate the news, negative keywords like ‘price’, ‘SEC’, and ‘sell-off’ also make significant appearances. It indicates that the market sentiment is a mix of positive and negative news, reflective of the dynamic nature of the cryptocurrency market.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
23bitcoin
21cryptocurrency market
13binance
10cryptocurrency
10solana
8ethereum
7bitcoin etfs
7cryptocurrencies
6cryptocurrency exchange
6shiba inu

Negative Terms – Sentiment Analysis

OccurrencesKeyword
20bitcoin
8cryptocurrency market
7price
6sec
5north korea
5sell-off
5xrp
42023
4bulgaria
4coinbase

Crypto Investor Fear & Greed Index

The ‘Fear and Greed Indicators’ table provides insights into the sentiment and psychology of market participants in the cryptocurrency market. The current values indicate that the market sentiment oscillates between fear and greed, with varying degrees. It is crucial to monitor these indicators as extreme levels of fear or greed often precede significant market movements. However, additional data and analysis are required to make more accurate predictions.

DateValueVariationSource
2024-01-25 00:00:0048pt0ptAlternative.me
2024-01-25 00:00:0052pt4ptAlternative.me
2024-01-24 00:00:0048pt-2ptAlternative.me
2024-01-24 00:00:0050pt0ptAlternative.me
2024-01-23 00:00:0050pt-5ptAlternative.me
2024-01-23 00:00:0055pt0ptAlternative.me
2024-01-25 00:00:0048pt-2ptBitDegree.org
2024-01-24 00:00:0050pt0ptBitDegree.org
2024-01-23 09:00:0050pt-5ptBitDegree.org
2024-01-23 00:00:0055pt0ptBitDegree.org
2024-01-25 00:00:0030pt0ptBtcTools.io
2024-01-24 16:00:0030pt-2ptBtcTools.io
2024-01-24 08:00:0032pt1ptBtcTools.io
2024-01-24 00:00:0031pt-1ptBtcTools.io
2024-01-23 16:00:0032pt-3ptBtcTools.io
2024-01-23 08:00:0035pt2ptBtcTools.io
2024-01-23 00:00:0033pt-4ptBtcTools.io
2024-01-22 16:00:0037pt-4ptBtcTools.io
2024-01-22 08:00:0041pt0ptBtcTools.io
2024-01-25 00:00:0052pt4ptCoinstats.app
2024-01-24 00:00:0048pt-2ptCoinstats.app
2024-01-23 00:00:0050pt0ptCoinstats.app

Bitcoin: Active Addresses

Analyzing the ‘Bitcoin Address Indicators’ table provides valuable information about the number of active addresses, wallet quantities, and balance values in the Bitcoin network. While the dataset suggests a continuous increase in the total number of addresses and active addresses, variations in wallet quantities and balance values indicate a dynamic market. It is essential to monitor these indicators as they offer insights into the overall activity and behavior of Bitcoin holders.

DateAddressesVariationIndicatorSource
2024-01-25 00:00:001,204,892,3500.00%Total Addressesbitaps.com
2024-01-25 00:00:001,155,151,0950.00%Zero Balance Addressesbitaps.com
2024-01-25 00:00:00882,979-0.99%Bitcoin Active Addressesbtc.com
2024-01-25 00:00:00540,5810.00%Addresses with over 0bitaps.com
2024-01-25 00:00:00219,3650.00%Addresses with over 0.0000001bitaps.com
2024-01-25 00:00:002,612,7190.00%Addresses with over 0.000001bitaps.com
2024-01-25 00:00:009,036,5600.00%Addresses with over 0.00001bitaps.com
2024-01-25 00:00:0012,826,6450.01%Addresses with over 0.0001bitaps.com
2024-01-25 00:00:0011,951,8500.00%Addresses with over 0.001bitaps.com
2024-01-25 00:00:008,019,402-0.11%Addresses with over 0.01bitaps.com
2024-01-25 00:00:003,520,040-0.01%Addresses with over 0.1bitaps.com
2024-01-25 00:00:00859,7850.01%Addresses with over 1bitaps.com
2024-01-25 00:00:00138,458-0.01%Addresses with over 10bitaps.com
2024-01-25 00:00:0013,8430.03%Addresses with over 100bitaps.com
2024-01-25 00:00:001,8960.11%Addresses with over 1,000bitaps.com
2024-01-25 00:00:001070.00%Addresses with over 10,000bitaps.com
2024-01-25 00:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The ‘Economic Events’ table highlights important events in the global financial market that may impact the cryptocurrency market. By understanding the potential influence of these events on the market, investors can make more informed decisions. It is crucial to keep track of economic events as they can significantly affect the sentiment and direction of the cryptocurrency market.

DateImpactEvent
2024-01-26 15:00:00ModeratePending Home Sales Index Month over Month
2024-01-26 15:00:00ModeratePending Home Sales Index Index
2024-01-26 13:30:00HighPersonal Income and Outlays Core PCE Price Index – M/M
2024-01-26 13:30:00HighPersonal Income and Outlays PCE Price Index – M/M
2024-01-26 13:30:00HighPersonal Income and Outlays Personal Income – M/M
2024-01-26 13:30:00HighPersonal Income and Outlays Personal Consumption Expenditures – M/M
2024-01-26 13:30:00HighPersonal Income and Outlays Core PCE Price Index – Y/Y
2024-01-26 13:30:00HighPersonal Income and Outlays PCE Price Index – Y/Y
2024-01-25 23:50:00ModerateJPY – Monetary Policy Meeting Minutes
2024-01-25 23:30:00ModerateJPY – Tokyo Core CPI (YoY) (Jan)
2024-01-25 21:30:00ModerateUSD – FedΒ΄s Balance Sheet
2024-01-25 18:00:00ModerateUSD – 7-Year Note Auction
2024-01-25 16:00:00ModerateEUR – ECB President Lagarde Speaks
2024-01-25 15:30:00ModerateEIA Natural Gas Report Week over Week
2024-01-25 15:15:00ModerateEUR – ECB President Lagarde Speaks
2024-01-25 15:00:00HighUSD – New Home Sales (Dec)
2024-01-25 15:00:00ModerateUSD – New Home Sales (MoM) (Dec)
2024-01-25 15:00:00HighNew Home Sales Annual Rate
2024-01-25 13:45:00HighEUR – ECB Press Conference
2024-01-25 13:30:00ModerateUSD – Retail Inventories Ex Auto (Dec)
2024-01-25 13:30:00HighUSD – Initial Jobless Claims
2024-01-25 13:30:00ModerateUSD – Goods Trade Balance (Dec)
2024-01-25 13:30:00ModerateUSD – GDP Price Index (QoQ) (Q4)
2024-01-25 13:30:00HighUSD – GDP (QoQ) (Q4)
2024-01-25 13:30:00ModerateUSD – Durable Goods Orders (MoM) (Dec)
2024-01-25 13:30:00HighUSD – Core Durable Goods Orders (MoM) (Dec)
2024-01-25 13:30:00ModerateUSD – Continuing Jobless Claims
2024-01-25 13:30:00ModerateUSD – Building Permits
2024-01-25 13:30:00HighJobless Claims Initial Claims – Change
2024-01-25 13:30:00HighDurable Goods Orders New Orders – M/M
2024-01-25 13:30:00HighGDP Personal Consumption Expenditures – Annual Rate
2024-01-25 13:30:00HighGDP Quarter over Quarter – Annual Rate
2024-01-25 13:30:00HighDurable Goods Orders Core Capital Goods – M/M
2024-01-25 13:30:00HighInternational Trade in Goods (Advance) Imports – M/M
2024-01-25 13:30:00HighDurable Goods Orders Ex-Transportation – M/M
2024-01-25 13:30:00HighInternational Trade in Goods (Advance) Balance
2024-01-25 13:30:00HighJobless Claims 4-Week Moving Average
2024-01-25 13:30:00HighJobless Claims Initial Claims – Level
2024-01-25 13:30:00HighInternational Trade in Goods (Advance) Exports – M/M
2024-01-25 13:15:00HighEUR – ECB Interest Rate Decision (Jan)
2024-01-25 13:15:00ModerateEUR – ECB Monetary Policy Statement
2024-01-25 13:15:00ModerateEUR – ECB Marginal Lending Facility
2024-01-25 13:15:00HighEUR – Deposit Facility Rate (Jan)
2024-01-25 13:00:00ModerateZAR – Interest Rate Decision (Jan)
2024-01-25 11:00:00ModerateEUR – France Jobseekers Total
2024-01-25 09:00:00ModerateEUR – German Ifo Business Climate Index (Jan)
2024-01-25 09:00:00ModerateEUR – German Current Assessment (Jan)
2024-01-25 09:00:00ModerateEUR – German Business Expectations (Jan)
2024-01-24 18:00:00ModerateUSD – 5-Year Note Auction
2024-01-24 16:00:00ModerateCAD – BOC Press Conference
2024-01-24 15:30:00ModerateUSD – Cushing Crude Oil Inventories
2024-01-24 15:30:00HighUSD – Crude Oil Inventories
2024-01-24 15:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2024-01-24 15:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2024-01-24 15:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2024-01-24 15:00:00ModerateCAD – BoC Monetary Policy Report
2024-01-24 14:45:00HighCAD – BoC Interest Rate Decision
2024-01-24 14:45:00ModerateCAD – BoC Rate Statement
2024-01-24 14:45:00HighUSD – S&P Global Services PMI (Jan)
2024-01-24 14:45:00ModerateUSD – S&P Global Composite PMI (Jan)
2024-01-24 14:45:00HighUSD – S&P Global US Manufacturing PMI (Jan)
2024-01-24 14:45:00ModeratePMI Composite Flash Composite Index
2024-01-24 14:45:00ModeratePMI Composite Flash Manufacturing Index
2024-01-24 14:45:00ModeratePMI Composite Flash Services Index
2024-01-24 09:30:00ModerateGBP – S&P Global/CIPS UK Services PMI
2024-01-24 09:30:00ModerateGBP – S&P Global/CIPS UK Manufacturing PMI
2024-01-24 09:30:00ModerateGBP – S&P Global/CIPS UK Composite PMI
2024-01-24 09:00:00ModerateEUR – HCOB Eurozone Services PMI (Jan)
2024-01-24 09:00:00ModerateEUR – HCOB Eurozone Composite PMI (Jan)
2024-01-24 09:00:00ModerateEUR – HCOB Eurozone Manufacturing PMI (Jan)
2024-01-24 08:30:00ModerateEUR – HCOB Germany Services PMI (Jan)
2024-01-24 08:30:00ModerateEUR – HCOB Germany Manufacturing PMI (Jan)
2024-01-24 08:15:00ModerateEUR – HCOB France Services PMI (Jan)
2024-01-24 08:15:00ModerateEUR – HCOB France Manufacturing PMI (Jan)
2024-01-24 07:55:00ModerateCNY – PBoC Reserve Requirement Ratio
2024-01-24 03:05:00ModerateEUR – German Buba Balz Speaks
2024-01-24 00:30:00ModerateJPY – au Jibun Bank Japan Services PMI

Crypto Assets Prices

Analyzing the ‘Prices’ table showcases the recent price movements and variations in the major cryptocurrencies. Bitcoin, Ethereum, and other altcoins have experienced both upward and downward trends, reflecting the volatility of the market. Monitoring the price dynamics provides crucial insights for traders and investors in the cryptocurrency market.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-01-25 00:06:00Bitcoin40,058.000.34%-0.30-0.42%2.71-1.49%
2024-01-24 00:06:00Bitcoin39,920.400.78%0.125.04%4.21-1.52%
2024-01-23 00:06:00Bitcoin39,608.31-4.99%-4.92-4.77%5.734.81%
2024-01-25 00:06:00Ethereum2,231.84-0.53%-0.562.99%3.12-5.38%
2024-01-24 00:06:00Ethereum2,243.70-3.49%-3.552.14%8.491.44%
2024-01-23 00:06:00Ethereum2,322.07-5.83%-5.69-5.35%7.055.83%
2024-01-25 00:06:00Binance Coin293.10-1.74%-2.370.44%3.41-3.96%
2024-01-24 00:06:00Binance Coin298.20-2.68%-2.801.36%7.371.94%
2024-01-23 00:06:00Binance Coin306.20-4.11%-4.16-4.54%5.433.73%

CryptocurrencyΒ Capitalization and Volume

The ‘Market Capitalizations and Volumes’ table provides data on the total market capitalization and trading volume of major cryptocurrencies. Analyzing these figures helps assess the overall market sentiment and liquidity. Understanding the market capitalizations and volumes on different exchanges assists in evaluating the influence of individual exchanges and their impact on the broader cryptocurrency market.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-01-25 00:00:00Binance Coin45,053,930,775-1.91%934,572,833-19.75%
2024-01-24 00:00:00Binance Coin45,930,160,546-2.31%1,164,592,17130.27%
2024-01-23 00:00:00Binance Coin47,014,266,561-4.04%893,961,44178.05%
2024-01-25 00:00:00Bitcoin785,590,648,0690.54%22,324,289,350-23.70%
2024-01-24 00:00:00Bitcoin781,364,397,2060.84%29,259,979,001-7.67%
2024-01-23 00:00:00Bitcoin774,858,983,970-4.87%31,690,994,095266.60%
2024-01-25 00:00:00Ethereum268,378,063,983-0.40%10,546,243,718-40.24%
2024-01-24 00:00:00Ethereum269,468,754,060-3.07%17,647,323,54815.15%
2024-01-23 00:00:00Ethereum278,006,525,168-5.76%15,324,927,798250.60%
2024-01-25 00:00:00Tether95,512,604,444-0.03%34,625,139,220-28.83%
2024-01-24 00:00:00Tether95,539,867,0550.81%48,649,425,7705.06%
2024-01-23 00:00:00Tether94,768,937,396-0.10%46,307,045,660171.44%

Cryptocurrency Exchanges Volume and Variation

The ‘Exchanges’ table presents valuable information about the trading volume and market share of various cryptocurrency exchanges. Analyzing these data points can reveal insights into the popularity and trustworthiness of different exchanges, understanding the flow of funds, and potential influences on the market.

DateExchangeVolumeVariation
2024-01-25 00:00:00Binance300,793-30.42%
2024-01-24 00:00:00Binance432,2763.42%
2024-01-23 00:00:00Binance417,998188.57%
2024-01-25 00:00:00Binance US266-36.06%
2024-01-24 00:00:00Binance US416-17.46%
2024-01-23 00:00:00Binance US504168.09%
2024-01-25 00:00:00Bitfinex5,854-37.28%
2024-01-24 00:00:00Bitfinex9,334-8.14%
2024-01-23 00:00:00Bitfinex10,161245.97%
2024-01-25 00:00:00Bybit58,725-35.07%
2024-01-24 00:00:00Bybit90,4413.61%
2024-01-23 00:00:00Bybit87,289274.53%
2024-01-25 00:00:00Coinbase48,036-29.64%
2024-01-24 00:00:00Coinbase68,274-4.27%
2024-01-23 00:00:00Coinbase71,322329.11%
2024-01-25 00:00:00Crypto.com30,861-10.45%
2024-01-24 00:00:00Crypto.com34,464-7.65%
2024-01-23 00:00:00Crypto.com37,319229.38%
2024-01-25 00:00:00Gate.io23,248-32.65%
2024-01-24 00:00:00Gate.io34,5170.42%
2024-01-23 00:00:00Gate.io34,371129.84%
2024-01-25 00:00:00Kraken21,738-20.80%
2024-01-24 00:00:00Kraken27,446-0.31%
2024-01-23 00:00:00Kraken27,530366.53%
2024-01-25 00:00:00KuCoin18,509-25.47%
2024-01-24 00:00:00KuCoin24,8346.07%
2024-01-23 00:00:00KuCoin23,41390.37%
2024-01-25 00:00:00OKX43,638-37.58%
2024-01-24 00:00:00OKX69,9121.48%
2024-01-23 00:00:00OKX68,894198.27%

Mining – Blockchain Technology

The ‘Mining’ table presents information about the mining difficulty, mined blocks, block rewards, and hash rate in the cryptocurrency market. Analyzing these indicators provides insights into the computational mining capacity, network security, and potential impact on the supply and value of cryptocurrencies.

Item2024-01-252024-01-242024-01-232024-01-222024-01-212024-01-202024-01-19
Difficulty70.34T70.34T70.34T70.34T70.34T73.20T73.20T
Difficulty Variation0.00%0.00%0.00%0.00%-3.90%0.00%0.00%
Blocks827.21K827.06K826.91K826.75K826.61K826.47K826.33K
Blocks Variation0.02%0.02%0.02%0.02%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 GB521.02B535.01B559.49B486.05B493.05B480.30B516.69B
Hash Rate GB Variation-2.61%-4.37%15.11%-1.42%2.65%-7.04%17.36%

Conclusion

In conclusion, the current state of the cryptocurrency market suggests a neutral/trending up trend with a moderate level of confidence. The analysis of various tables provides insights into market sentiment, price movements, economic events, mining indicators, and exchange activities. It is important to note the volatility and rapid changes in the cryptocurrency market, which require continuous monitoring and careful analysis. Considering the provided data and analysis, it is crucial for investors and traders to stay vigilant and make informed decisions.

So What

The current state of the cryptocurrency market has important implications for various stakeholders. Traders and investors should consider the mix of positive and negative sentiments, monitor price movements, keep track of economic events, and assess the impact of mining activities. Understanding these factors can help navigate the market and make more informed decisions.

What next?

Looking ahead, the cryptocurrency market is expected to remain dynamic and highly volatile. Factors such as regulatory developments, technological advancements, and market sentiment will continue to influence the market. It is crucial to stay updated, conduct thorough research, and closely monitor key indicators and events. By doing so, market participants can better navigate the cryptocurrency market and identify potential opportunities.

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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