Crypto Market Analysis & Trend: Neutral/Trending Up
Over the past 24 hours, the cryptocurrency market has shown a neutral to slightly upward trend. Based on the provided data and analysis, there are indications of positive sentiment and potential growth in certain areas. However, it is important to approach these trends with caution and consider the volatility of the market.
What is important
Understanding the current state of the cryptocurrency market requires an analysis of various factors, including market capitalization, trading volumes, economic events, and price movements. These elements provide insights into the overall sentiment and potential trends within the market.
Top 5 – Latest Headlines & Cryptocurrency News
- OneCoin Lawyer Sentenced To 10 Years In $400 Million Crypto Scheme– A lawyer involved in the OneCoin cryptocurrency scam has been sentenced to 10 years in prison.
- Ethereum Foundation Faces Legal Probe Over Gatecoin Hack Involvement– The Ethereum Foundation is facing a legal probe following the Gatecoin hack.
- Crypto Trader Updates Outlook on Bitcoin and Ethereum, Says BTC´s Correction in ´Final Stages´– A crypto trader updates outlook on Bitcoin and Ethereum, stating that BTC´s correction is in its final stages.
- Lawyer in OneCoin Crypto Scheme Sentenced to 10 Years– A lawyer involved in the OneCoin cryptocurrency scheme has been sentenced to 10 years in prison.
- Money Laundering Crypto Lawyer Sentenced to 10 Years Behind Bars– Mark Scott, a crypto lawyer, has been sentenced to prison in relation to the OneCoin cryptocurrency scam.
Factors Driving the Growth – Market Sentiment
Analyzing the ‘Positive Keywords’ and ‘Negative Keywords’ tables, it is evident that Bitcoin, Binance Coin, and Ethereum are among the most mentioned cryptocurrencies. The positive sentiment surrounding Bitcoin is notable, while caution is warranted with references to scams and legal issues related to OneCoin and Ethereum Foundation.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 23 | bitcoin |
| 17 | binance |
| 15 | cryptocurrency market |
| 9 | cryptocurrency exchange |
| 8 | shiba inu |
| 7 | ethereum |
| 6 | cryptocurrencies |
| 6 | cryptocurrency |
| 5 | cardano |
| 5 | meme coin |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 9 | bitcoin |
| 6 | lawyer |
| 5 | $400 million |
| 5 | onecoin |
| 5 | xrp |
| 4 | investors |
| 4 | prison |
| 4 | traders |
| 3 | bitcoin miners |
| 3 | craig wright |
Crypto Investor Fear & Greed Index
The ‘Fear and Greed Indicators’ table provides a glimpse into investor sentiment, with values indicating varying degrees of fear and greed. Based on the data, the indicators suggest a more neutral sentiment prevailing in the market.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-01-26 00:00:00 | 49pt | -3pt | Alternative.me |
| 2024-01-26 00:00:00 | 52pt | 0pt | Alternative.me |
| 2024-01-25 00:00:00 | 48pt | 0pt | Alternative.me |
| 2024-01-25 00:00:00 | 52pt | 4pt | Alternative.me |
| 2024-01-24 00:00:00 | 48pt | -2pt | Alternative.me |
| 2024-01-24 00:00:00 | 50pt | 0pt | Alternative.me |
| 2024-01-26 14:00:00 | 49pt | -3pt | BitDegree.org |
| 2024-01-26 00:00:00 | 52pt | 0pt | BitDegree.org |
| 2024-01-25 11:00:00 | 52pt | 4pt | BitDegree.org |
| 2024-01-25 00:00:00 | 48pt | -2pt | BitDegree.org |
| 2024-01-24 00:00:00 | 50pt | 0pt | BitDegree.org |
| 2024-01-26 08:00:00 | 33pt | 2pt | BtcTools.io |
| 2024-01-26 00:00:00 | 31pt | 1pt | BtcTools.io |
| 2024-01-25 00:00:00 | 30pt | 0pt | BtcTools.io |
| 2024-01-24 16:00:00 | 30pt | -2pt | BtcTools.io |
| 2024-01-24 08:00:00 | 32pt | 1pt | BtcTools.io |
| 2024-01-24 00:00:00 | 31pt | -1pt | BtcTools.io |
| 2024-01-23 16:00:00 | 32pt | 0pt | BtcTools.io |
| 2024-01-26 00:00:00 | 49pt | -3pt | Coinstats.app |
| 2024-01-25 00:00:00 | 52pt | 4pt | Coinstats.app |
| 2024-01-24 00:00:00 | 48pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table demonstrates the number of active addresses and wallet balances. While there is insufficient data to draw concrete conclusions, it is worth monitoring the trends in active addresses and balance values.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-01-26 14:00:00 | 1,205,293,305 | 0.00% | Total Addresses | bitaps.com |
| 2024-01-26 14:00:00 | 1,155,818,329 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-01-26 14:00:00 | 979,048 | 2.45% | Bitcoin Active Addresses | btc.com |
| 2024-01-26 14:00:00 | 540,583 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-01-26 14:00:00 | 219,365 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-01-26 14:00:00 | 2,615,331 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-01-26 14:00:00 | 9,039,610 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-01-26 14:00:00 | 12,717,050 | 0.01% | Addresses with over 0.0001 | bitaps.com |
| 2024-01-26 14:00:00 | 11,845,912 | -0.01% | Addresses with over 0.001 | bitaps.com |
| 2024-01-26 14:00:00 | 7,960,186 | 0.01% | Addresses with over 0.01 | bitaps.com |
| 2024-01-26 14:00:00 | 3,522,536 | 0.01% | Addresses with over 0.1 | bitaps.com |
| 2024-01-26 14:00:00 | 860,100 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-01-26 14:00:00 | 138,454 | 0.01% | Addresses with over 10 | bitaps.com |
| 2024-01-26 14:00:00 | 13,844 | 0.04% | Addresses with over 100 | bitaps.com |
| 2024-01-26 14:00:00 | 1,894 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-01-26 14:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-01-26 14:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table highlights important events in the global financial market. It is important to consider these events and their potential impact on the cryptocurrency market, as they can influence investor sentiment and market dynamics.
| Date | Impact | Event |
|---|---|---|
| 2024-01-26 20:30:00 | Moderate | EUR – CFTC EUR speculative net positions |
| 2024-01-26 20:30:00 | Moderate | RUB – CFTC RUB speculative positions |
| 2024-01-26 20:30:00 | Moderate | JPY – CFTC JPY speculative net positions |
| 2024-01-26 20:30:00 | Moderate | BRL – CFTC BRL speculative net positions |
| 2024-01-26 20:30:00 | Moderate | AUD – CFTC AUD speculative net positions |
| 2024-01-26 20:30:00 | Moderate | USD – CFTC S&P 500 speculative net positions |
| 2024-01-26 20:30:00 | Moderate | USD – CFTC Nasdaq 100 speculative net positions |
| 2024-01-26 20:30:00 | Moderate | USD – CFTC Gold speculative net positions |
| 2024-01-26 20:30:00 | Moderate | USD – CFTC Crude Oil speculative net positions |
| 2024-01-26 20:30:00 | Moderate | GBP – CFTC GBP speculative net positions |
| 2024-01-26 18:00:00 | Moderate | USD – U.S. Baker Hughes Total Rig Count |
| 2024-01-26 18:00:00 | Moderate | USD – U.S. Baker Hughes Oil Rig Count |
| 2024-01-26 16:30:00 | Moderate | USD – Atlanta Fed GDPNow (Q1) |
| 2024-01-26 15:00:00 | Moderate | USD – Pending Home Sales (MoM) (Dec) |
| 2024-01-26 15:00:00 | Moderate | Pending Home Sales Index Month over Month |
| 2024-01-26 15:00:00 | Moderate | Pending Home Sales Index Index |
| 2024-01-26 13:30:00 | Moderate | CAD – Wholesale Sales (MoM) |
| 2024-01-26 13:30:00 | Moderate | USD – Personal Spending (MoM) (Dec) |
| 2024-01-26 13:30:00 | Moderate | USD – PCE price index (MoM) (Dec) |
| 2024-01-26 13:30:00 | Moderate | USD – PCE Price index (YoY) (Dec) |
| 2024-01-26 13:30:00 | High | USD – Core PCE Price Index (MoM) (Dec) |
| 2024-01-26 13:30:00 | High | USD – Core PCE Price Index (YoY) (Dec) |
| 2024-01-26 13:30:00 | High | Personal Income and Outlays Core PCE Price Index – M/M |
| 2024-01-26 13:30:00 | High | Personal Income and Outlays PCE Price Index – M/M |
| 2024-01-26 13:30:00 | High | Personal Income and Outlays Personal Income – M/M |
| 2024-01-26 13:30:00 | High | Personal Income and Outlays Personal Consumption Expenditures – M/M |
| 2024-01-26 13:30:00 | High | Personal Income and Outlays Core PCE Price Index – Y/Y |
| 2024-01-26 13:30:00 | High | Personal Income and Outlays PCE Price Index – Y/Y |
| 2024-01-26 09:30:00 | Moderate | EUR – German Buba Balz Speaks |
| 2024-01-26 07:00:00 | Moderate | EUR – GfK German Consumer Climate (Feb) |
| 2024-01-25 23:50:00 | Moderate | JPY – Monetary Policy Meeting Minutes |
| 2024-01-25 23:30:00 | Moderate | JPY – Tokyo Core CPI (YoY) (Jan) |
| 2024-01-25 21:30:00 | Moderate | USD – Fed´s Balance Sheet |
| 2024-01-25 18:00:00 | Moderate | USD – 7-Year Note Auction |
| 2024-01-25 16:00:00 | Moderate | EUR – ECB President Lagarde Speaks |
| 2024-01-25 15:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-01-25 15:15:00 | Moderate | EUR – ECB President Lagarde Speaks |
| 2024-01-25 15:00:00 | High | USD – New Home Sales (Dec) |
| 2024-01-25 15:00:00 | Moderate | USD – New Home Sales (MoM) (Dec) |
| 2024-01-25 15:00:00 | High | New Home Sales Annual Rate |
Crypto Assets Prices
Analyzing the ‘Prices’ table, Bitcoin, Ethereum, and Binance Coin prices have shown both positive and negative variations. The recent correction in Bitcoin’s price is noteworthy, but there are indicators suggesting a potential upward movement in the near future.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-01-26 14:35:00 | Bitcoin | 41,221.46 | 2.78% | 3.02 | 2.61% | 4.93 | 2.86% |
| 2024-01-25 14:35:00 | Bitcoin | 40,077.33 | 0.11% | 0.41 | -2.85% | 2.07 | -2.55% |
| 2024-01-24 14:35:00 | Bitcoin | 40,031.99 | 3.62% | 3.26 | 8.45% | 4.61 | -1.40% |
| 2024-01-26 14:35:00 | Ethereum | 2,248.85 | 1.54% | 1.68 | 2.41% | 4.32 | 2.12% |
| 2024-01-25 14:35:00 | Ethereum | 2,214.22 | -0.78% | -0.73 | -2.38% | 2.20 | -1.63% |
| 2024-01-24 14:35:00 | Ethereum | 2,231.51 | 2.34% | 1.65 | 9.72% | 3.83 | -6.18% |
| 2024-01-26 14:35:00 | Binance Coin | 302.60 | 2.68% | 2.96 | 2.41% | 5.33 | 2.13% |
| 2024-01-25 14:35:00 | Binance Coin | 294.50 | -0.07% | 0.55 | 0.88% | 3.20 | -0.03% |
| 2024-01-24 14:35:00 | Binance Coin | 294.70 | 0.34% | -0.34 | 5.13% | 3.23 | -4.42% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table provides insights into the total market capitalization and trading volumes of major cryptocurrencies. While there have been variations in capitalization and volumes, it is essential to consider these fluctuations in the context of the overall market trends.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-01-26 00:00:00 | Binance Coin | 44,905,908,649 | -0.33% | 1,148,178,097 | 22.86% |
| 2024-01-25 00:00:00 | Binance Coin | 45,053,930,775 | -1.91% | 934,572,833 | -19.75% |
| 2024-01-24 00:00:00 | Binance Coin | 45,930,160,546 | -2.31% | 1,164,592,171 | 30.27% |
| 2024-01-26 00:00:00 | Bitcoin | 782,723,702,061 | -0.36% | 15,935,789,756 | -28.62% |
| 2024-01-25 00:00:00 | Bitcoin | 785,590,648,069 | 0.54% | 22,324,289,350 | -23.70% |
| 2024-01-24 00:00:00 | Bitcoin | 781,364,397,206 | 0.84% | 29,259,979,001 | -7.67% |
| 2024-01-26 00:00:00 | Ethereum | 266,479,742,675 | -0.71% | 9,792,842,557 | -7.14% |
| 2024-01-25 00:00:00 | Ethereum | 268,378,063,983 | -0.40% | 10,546,243,718 | -40.24% |
| 2024-01-24 00:00:00 | Ethereum | 269,468,754,060 | -3.07% | 17,647,323,548 | 15.15% |
| 2024-01-26 00:00:00 | Tether | 95,526,771,968 | 0.01% | 30,263,442,684 | -12.60% |
| 2024-01-25 00:00:00 | Tether | 95,512,604,444 | -0.03% | 34,625,139,220 | -28.83% |
| 2024-01-24 00:00:00 | Tether | 95,539,867,055 | 0.81% | 48,649,425,770 | 5.06% |
Cryptocurrency Exchanges Volume and Variation
Analyzing the ‘Exchanges’ table, it is important to note the volumes and variations in different exchanges. Binance stands out as one of the most mentioned exchanges, indicating its prominence in the cryptocurrency market.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-01-26 00:00:00 | Binance | 267,704 | -11.00% |
| 2024-01-25 00:00:00 | Binance | 300,793 | -30.42% |
| 2024-01-24 00:00:00 | Binance | 432,276 | 3.42% |
| 2024-01-26 00:00:00 | Binance US | 200 | -24.81% |
| 2024-01-25 00:00:00 | Binance US | 266 | -36.06% |
| 2024-01-24 00:00:00 | Binance US | 416 | -17.46% |
| 2024-01-26 00:00:00 | Bitfinex | 5,321 | -9.10% |
| 2024-01-25 00:00:00 | Bitfinex | 5,854 | -37.28% |
| 2024-01-24 00:00:00 | Bitfinex | 9,334 | -8.14% |
| 2024-01-26 00:00:00 | Bybit | 48,191 | -17.94% |
| 2024-01-25 00:00:00 | Bybit | 58,725 | -35.07% |
| 2024-01-24 00:00:00 | Bybit | 90,441 | 3.61% |
| 2024-01-26 00:00:00 | Coinbase | 37,469 | -22.00% |
| 2024-01-25 00:00:00 | Coinbase | 48,036 | -29.64% |
| 2024-01-24 00:00:00 | Coinbase | 68,274 | -4.27% |
| 2024-01-26 00:00:00 | Crypto.com | 26,821 | -13.09% |
| 2024-01-25 00:00:00 | Crypto.com | 30,861 | -10.45% |
| 2024-01-24 00:00:00 | Crypto.com | 34,464 | -7.65% |
| 2024-01-26 00:00:00 | Gate.io | 19,186 | -17.47% |
| 2024-01-25 00:00:00 | Gate.io | 23,248 | -32.65% |
| 2024-01-24 00:00:00 | Gate.io | 34,517 | 0.42% |
| 2024-01-26 00:00:00 | Kraken | 19,522 | -10.19% |
| 2024-01-25 00:00:00 | Kraken | 21,738 | -20.80% |
| 2024-01-24 00:00:00 | Kraken | 27,446 | -0.31% |
| 2024-01-26 00:00:00 | KuCoin | 15,110 | -18.36% |
| 2024-01-25 00:00:00 | KuCoin | 18,509 | -25.47% |
| 2024-01-24 00:00:00 | KuCoin | 24,834 | 6.07% |
| 2024-01-26 00:00:00 | OKX | 36,285 | -16.85% |
| 2024-01-25 00:00:00 | OKX | 43,638 | -37.58% |
| 2024-01-24 00:00:00 | OKX | 69,912 | 1.48% |
Mining – Blockchain Technology
The ‘Mining’ table sheds light on mining difficulty, blocks, rewards, and hash rate. These indicators reflect the computational mining capacity and the challenges faced in the mining process.
| Item | 2024-01-26 | 2024-01-25 | 2024-01-24 | 2024-01-23 | 2024-01-22 | 2024-01-21 | 2024-01-20 |
|---|---|---|---|---|---|---|---|
| Difficulty | 70.34T | 70.34T | 70.34T | 70.34T | 70.34T | 70.34T | 73.20T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -3.90% | 0.00% |
| Blocks | 827.39K | 827.21K | 827.06K | 826.91K | 826.75K | 826.61K | 826.47K |
| Blocks Variation | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Reward BTC | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Hash Rate GB | 625.93B | 521.02B | 535.01B | 559.49B | 486.05B | 493.05B | 480.30B |
| Hash Rate GB Variation | 20.13% | -2.61% | -4.37% | 15.11% | -1.42% | 2.65% | -7.04% |
Conclusion
In conclusion, the cryptocurrency market has shown a neutral to slightly upward trend, marked by positive sentiment around Bitcoin and certain altcoins. However, caution is advised due to legal issues and scams associated with certain cryptocurrencies. Various factors such as economic events, market capitalization, and trading volumes contribute to the overall market dynamics.
So What
The current state of the cryptocurrency market has practical implications for investors and traders. It is crucial to stay informed and monitor the market carefully, considering both positive and negative factors. Risk management and thorough analysis are key to making informed decisions in this volatile market.
What next?
Looking ahead, the cryptocurrency market is expected to continue experiencing volatility. Factors such as regulatory developments, market sentiment, and technological advancements will play a significant role in shaping the future landscape. It is prudent to stay updated on market trends and conduct thorough research when making investment decisions.
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.
