πŸ“ƒ Jan 26, 2024 – ASIA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Down

The cryptocurrency market is currently showing a neutral to downward trend for the next 8 hours. Based on the analysis of relevant data and indicators, there is evidence suggesting a potential decrease in prices and a cautious market sentiment. However, the confidence level of this analysis is moderate due to the volatile nature of the cryptocurrency market and external factors that can influence price movements.

What is important

The current state of the cryptocurrency market is influenced by various factors, including market sentiment, regulatory developments, economic events, and technical indicators. It is important to closely monitor key indicators such as price levels, trading volumes, market capitalizations, and the performance of major exchanges. Additionally, tracking positive and negative keywords can help gauge market sentiment and potential trends.

Top 5 – Latest Headlines & Cryptocurrency News

  1. Is Binance Coin About to Crash? BNB Price Turns Red as Ethereum-Based Bitcoin Mining Protocol Raises $9.2 Million– Binance Coin (BNB) price turns red as an Ethereum-based Bitcoin mining protocol raises $9.2 million, sparking concerns of a crash.
  2. Borroe Finance presale draws XRP and Solana holders– The Borroe Finance presale attracts XRP and Solana holders.
  3. Solana NFT Weekly Sales Hit $62M, Surpassing Bitcoin Network– NFT sales on Solana, Bitcoin, and Ethereum have seen a significant increase in weekly trading volume.
  4. Manta Network Price Pumps 17% While Trending Presale Bitcoin Minetrix Hits $9.2m Raised– Manta NetworkΒ΄s presale raises $9.2 million in Bitcoin.
  5. New Cryptocurrency Bitcoin Minetrix Raises Over $9 Million in Viral Presale– Bitcoin Minetrix, a new cryptocurrency, has successfully raised over $9 million in a viral presale.

Factors DrivingΒ the Growth – Market Sentiment

Analyzing the ‘Positive Keywords’ and ‘Negative Keywords’ tables, it is evident that there is a mix of both positive and negative sentiment in the news surrounding the cryptocurrency market. The positive keywords include mentions of successful presales, NFT sales growth, and technology advancements. On the other hand, negative keywords highlight concerns about potential price drops, legal probes, and bearish outlooks. This indicates a level of uncertainty and cautiousness in the market.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
33bitcoin
16cryptocurrency market
14binance
12solana
9cryptocurrency
9cryptocurrency exchange
7price
62024
6ethereum
6presale

Negative Terms – Sentiment Analysis

OccurrencesKeyword
14bitcoin
7xrp
6ethereum
6price
4binance
4ripple
4satoshivm
4sec
3$400 million
3bearish

Crypto Investor Fear & Greed Index

The ‘Fear and Greed Indicators’ table provides insights into the overall sentiment and psychology of market participants. Currently, the indicators suggest a mixed sentiment with fear levels underlying the market. This can be attributed to factors such as recent price fluctuations, market uncertainty, and regulatory developments. It is important to note that fear or greed indicators should not be the sole basis for investment decisions, but rather considered in conjunction with other fundamental and technical analysis.

DateValueVariationSource
2024-01-26 00:00:0049pt-3ptAlternative.me
2024-01-26 00:00:0052pt0ptAlternative.me
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
2024-01-26 00:00:0052pt0ptBitDegree.org
2024-01-25 11:00:0052pt4ptBitDegree.org
2024-01-25 00:00:0048pt-2ptBitDegree.org
2024-01-24 00:00:0050pt0ptBitDegree.org
2024-01-23 09:00:0050pt0ptBitDegree.org
2024-01-26 00:00:0031pt1ptBtcTools.io
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 08:00:0035pt0ptBtcTools.io
2024-01-26 00:00:0049pt-3ptCoinstats.app
2024-01-25 00:00:0052pt4ptCoinstats.app
2024-01-24 00:00:0048pt0ptCoinstats.app

Bitcoin: Active Addresses

The ‘Bitcoin Address Indicators’ table reveals the active addresses and quantities of wallet addresses in the Bitcoin network. While the dataset provided only includes a snapshot of recent data, it shows variations in the number of active addresses and wallet balances. It is crucial to monitor Bitcoin address trends as they can provide insights into user adoption and potential market activities.

DateAddressesVariationIndicatorSource
2024-01-26 00:00:001,205,154,2980.00%Total Addressesbitaps.com
2024-01-26 00:00:001,155,677,4810.00%Zero Balance Addressesbitaps.com
2024-01-26 00:00:001,116,1222.84%Bitcoin Active Addressesbtc.com
2024-01-26 00:00:00540,5820.00%Addresses with over 0bitaps.com
2024-01-26 00:00:00219,3650.00%Addresses with over 0.0000001bitaps.com
2024-01-26 00:00:002,613,8310.00%Addresses with over 0.000001bitaps.com
2024-01-26 00:00:009,038,9610.00%Addresses with over 0.00001bitaps.com
2024-01-26 00:00:0012,726,184-0.16%Addresses with over 0.0001bitaps.com
2024-01-26 00:00:0011,842,0560.00%Addresses with over 0.001bitaps.com
2024-01-26 00:00:007,962,038-0.01%Addresses with over 0.01bitaps.com
2024-01-26 00:00:003,519,6030.00%Addresses with over 0.1bitaps.com
2024-01-26 00:00:00859,9010.00%Addresses with over 1bitaps.com
2024-01-26 00:00:00138,4490.00%Addresses with over 10bitaps.com
2024-01-26 00:00:0013,8420.01%Addresses with over 100bitaps.com
2024-01-26 00:00:001,8940.21%Addresses with over 1,000bitaps.com
2024-01-26 00:00:00107-0.93%Addresses with over 10,000bitaps.com
2024-01-26 00:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The ‘Economic Events’ table highlights important events related to the global financial market. These events, including economic indicators and policy decisions, can have an impact on the cryptocurrency market. It is essential to stay informed about these events as they can potentially affect market sentiment and trading volumes.

DateImpactEvent
2024-01-26 20:30:00ModerateEUR – CFTC EUR speculative net positions
2024-01-26 20:30:00ModerateRUB – CFTC RUB speculative positions
2024-01-26 20:30:00ModerateJPY – CFTC JPY speculative net positions
2024-01-26 20:30:00ModerateBRL – CFTC BRL speculative net positions
2024-01-26 20:30:00ModerateAUD – CFTC AUD speculative net positions
2024-01-26 20:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2024-01-26 20:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2024-01-26 20:30:00ModerateUSD – CFTC Gold speculative net positions
2024-01-26 20:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2024-01-26 20:30:00ModerateGBP – CFTC GBP speculative net positions
2024-01-26 18:00:00ModerateUSD – U.S. Baker Hughes Total Rig Count
2024-01-26 18:00:00ModerateUSD – U.S. Baker Hughes Oil Rig Count
2024-01-26 16:30:00ModerateUSD – Atlanta Fed GDPNow (Q1)
2024-01-26 15:00:00ModerateUSD – Pending Home Sales (MoM) (Dec)
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 13:30:00ModerateCAD – Wholesale Sales (MoM)
2024-01-26 13:30:00ModerateUSD – Personal Spending (MoM) (Dec)
2024-01-26 13:30:00ModerateUSD – PCE price index (MoM) (Dec)
2024-01-26 13:30:00ModerateUSD – PCE Price index (YoY) (Dec)
2024-01-26 13:30:00HighUSD – Core PCE Price Index (MoM) (Dec)
2024-01-26 13:30:00HighUSD – Core PCE Price Index (YoY) (Dec)
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
2024-01-26 07:00:00ModerateEUR – GfK German Consumer Climate (Feb)
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 13:30:00ModerateZAR – Interest Rate Decision (Jan)
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 12:40:00ModerateUSD – Building Permits
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)

Crypto Assets Prices

The ‘Prices’ table provides information on the price variations and volatility of major cryptocurrencies. Analyzing the data, it is observed that prices have experienced both positive and negative fluctuations. This demonstrates the inherent volatility of the cryptocurrency market and the importance of monitoring price movements and market trends.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-01-26 00:06:00Bitcoin39,930.26-0.32%-0.60-0.29%1.90-0.82%
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 00:06:00Bitcoin39,608.310.00%-4.920.00%5.730.00%
2024-01-26 00:06:00Ethereum2,216.43-0.70%-0.82-0.26%3.300.18%
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 00:06:00Ethereum2,322.070.00%-5.690.00%7.050.00%
2024-01-26 00:06:00Binance Coin291.50-0.55%-0.481.89%3.20-0.21%
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 Coin306.200.00%-4.160.00%5.430.00%

CryptocurrencyΒ Capitalization and Volume

The ‘Market Capitalizations and Volumes’ table presents the total market capitalization and volume of major cryptocurrencies. The data reflects fluctuations in market capitalization and trading volumes, indicating the overall market activity. Tracking these indicators can help gauge market sentiment and potential trends in the cryptocurrency market.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-01-26 00:00:00Binance Coin44,905,908,649-0.33%1,148,178,09722.86%
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%
2024-01-26 00:00:00Bitcoin782,723,702,061-0.36%15,935,789,756-28.62%
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%
2024-01-26 00:00:00Ethereum266,479,742,675-0.71%9,792,842,557-7.14%
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%
2024-01-26 00:00:00Tether95,526,771,9680.01%30,263,442,684-12.60%
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%

Cryptocurrency Exchanges Volume and Variation

The ‘Exchanges’ table illustrates the trading volumes and variations in major cryptocurrency exchanges. This data provides insights into the level of trading activity and market interest in different exchanges. Monitoring the volume and performance of exchanges can help assess market liquidity and investor sentiment.

DateExchangeVolumeVariation
2024-01-26 00:00:00Binance267,704-11.00%
2024-01-25 00:00:00Binance300,793-30.42%
2024-01-24 00:00:00Binance432,2763.42%
2024-01-26 00:00:00Binance US200-24.81%
2024-01-25 00:00:00Binance US266-36.06%
2024-01-24 00:00:00Binance US416-17.46%
2024-01-26 00:00:00Bitfinex5,321-9.10%
2024-01-25 00:00:00Bitfinex5,854-37.28%
2024-01-24 00:00:00Bitfinex9,334-8.14%
2024-01-26 00:00:00Bybit48,191-17.94%
2024-01-25 00:00:00Bybit58,725-35.07%
2024-01-24 00:00:00Bybit90,4413.61%
2024-01-26 00:00:00Coinbase37,469-22.00%
2024-01-25 00:00:00Coinbase48,036-29.64%
2024-01-24 00:00:00Coinbase68,274-4.27%
2024-01-26 00:00:00Crypto.com26,821-13.09%
2024-01-25 00:00:00Crypto.com30,861-10.45%
2024-01-24 00:00:00Crypto.com34,464-7.65%
2024-01-26 00:00:00Gate.io19,186-17.47%
2024-01-25 00:00:00Gate.io23,248-32.65%
2024-01-24 00:00:00Gate.io34,5170.42%
2024-01-26 00:00:00Kraken19,522-10.19%
2024-01-25 00:00:00Kraken21,738-20.80%
2024-01-24 00:00:00Kraken27,446-0.31%
2024-01-26 00:00:00KuCoin15,110-18.36%
2024-01-25 00:00:00KuCoin18,509-25.47%
2024-01-24 00:00:00KuCoin24,8346.07%
2024-01-26 00:00:00OKX36,285-16.85%
2024-01-25 00:00:00OKX43,638-37.58%
2024-01-24 00:00:00OKX69,9121.48%

Mining – Blockchain Technology

The ‘Mining’ table provides information on mining difficulty, block rewards, and hash rate in the cryptocurrency market. These indicators reflect the computational power, security, and efficiency of the mining network. Understanding mining trends can provide insights into the market’s overall health and competitiveness.

Item2024-01-262024-01-252024-01-242024-01-232024-01-222024-01-212024-01-20
Difficulty70.34T70.34T70.34T70.34T70.34T70.34T73.20T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%-3.90%0.00%
Blocks827.39K827.21K827.06K826.91K826.75K826.61K826.47K
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 GB625.93B521.02B535.01B559.49B486.05B493.05B480.30B
Hash Rate GB Variation20.13%-2.61%-4.37%15.11%-1.42%2.65%-7.04%

Conclusion

In conclusion, the cryptocurrency market is currently showing a neutral to downward trend for the next 8 hours, based on the analysis of available data and indicators. While there is evidence suggesting potential price decreases and cautious sentiment, it is important to consider the volatile nature of the market and external factors that can influence price movements. Monitoring key indicators, staying informed about important news, and conducting comprehensive analysis can help make informed decisions in the ever-changing cryptocurrency landscape.

So What

The current state of the cryptocurrency market has important implications for investors and market participants. It is crucial to approach investment decisions with careful consideration, considering the potential risks and rewards associated with the market’s volatility. Traders should exercise caution, conduct thorough research, and diversify their portfolios to mitigate risks. Additionally, staying informed about regulatory developments and market events is essential for navigating the cryptocurrency landscape effectively.

What next?

Looking ahead, the cryptocurrency market may experience continued volatility and shifts in sentiment. Factors such as regulatory decisions, market adoption, and technological advancements are likely to influence market trends. However, it is important to note that the cryptocurrency market is inherently unpredictable, and future movements cannot be accurately predicted. Monitoring market trends, staying informed, and applying sound investment strategies will be key to navigating the evolving cryptocurrency landscape.

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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