πŸ“ƒ Jul 11, 2024 – USA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Trending Up

The cryptocurrency market is currently trending up based on the analysis of the latest data. The evidence suggests that Bitcoin, the leading cryptocurrency, has been experiencing positive movements in capitalization, volume, and price. The Market Capitalizations and Volumes table shows an increasing trend in Bitcoin’s market capitalization in the last 24 hours. Additionally, the Prices table indicates a positive price variation for Bitcoin and Ethereum, two major cryptocurrencies. These trends suggest growing interest and investment in the market.

In terms of sentiment, the analysis of the Positive Keywords table reveals several positive keywords being mentioned in the news, indicating optimistic market sentiment. Conversely, the Negative Keywords table shows that negative sentiment is also present but at a relatively lower frequency.

The Fear and Greed Indicators table suggests that market participants are leaning towards greed, as the majority of the indicators fall within the greed range. This indicates increased enthusiasm and bullish sentiment among investors.

The Bitcoin Address Indicators table displays a steady increase in the number of active addresses, indicating growing participation in the Bitcoin network. This aligns with the positive market sentiment observed.

Regarding economic events, the table shows various indicators that are important factors influencing the market. The high-impact events such as US CPI inflation, Federal Reserve announcements, and economic reports should be closely monitored as they can have a significant impact on market dynamics.

In conclusion, based on the collective analysis of the available data, the cryptocurrency market is currently trending up. Positive market sentiment, increasing market capitalizations, volumes, and active addresses suggest a favorable outlook for the market in the next 8 hours.

What is important

Key points to understand the current state of the cryptocurrency market:

1. Positive market sentiment: The news analysis shows positive mentions and sentiments for cryptocurrencies like Bitcoin and Ethereum.

2. Increasing market capitalizations: The Market Capitalizations and Volumes table reflects growing capitalizations of major cryptocurrencies, indicating increased market value.

3. Growing active addresses: The Bitcoin Address Indicators table reveals an increasing number of active addresses, pointing to expanding network participation.

4. High-impact economic events: The Economic Events table highlights impactful events such as US CPI inflation data and Federal Reserve announcements, which can significantly influence market dynamics.

5. Greed sentiment: The Fear and Greed Indicators table indicates market participants leaning towards greed, which can potentially fuel bullish market movements.

These factors suggest a positive outlook for the cryptocurrency market in the near term.

Top 5 – Latest Headlines & Cryptocurrency News

  1. Inflation Fears Spook Crypto: Market Dives Before Key US Data– Inflation fears spook the crypto market ahead of US data.
  2. CryptoQuant: Bitcoin whales on accumulation spree– Bitcoin whales are accumulating cryptocurrency, indicating a positive sentiment in the market.
  3. Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low– Bitcoin whales are aggressively buying as the price hits a 4-month low.
  4. Bitcoin to $250K, Solana to $800 in 2025? IF these conditions are met– Bitcoin and Solana are predicted to reach $250k and $800 respectively by 2025 under certain conditions.

Factors DrivingΒ the Growth – Market Sentiment

Based on the analysis of positive and negative keywords, the cryptocurrency market sentiment is predominantly positive. Positive keywords like ‘bitcoin’, ‘whales’, ‘accumulation’, and ‘support’ are frequently mentioned in news articles. However, there are also negative keywords such as ‘BitMEX’, ‘Bank Secrecy Act’, and ‘fraudulent’ being reported but at a lower frequency. Overall, the positive sentiment prevails, indicating a generally favorable outlook for the market.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
26bitcoin
9cryptocurrency market
8crypto
7shiba inu
5ethereum
5microstrategy
4cryptocurrency
4goldman sachs
4rally
4stock split

Negative Terms – Sentiment Analysis

OccurrencesKeyword
8bitcoin
4bitmex
4compound finance
3bank secrecy act
3cryptocurrency market
3german government
3law enforcement
2bitcoin price
2crypto laundering
2crypto market

Crypto Investor Fear & Greed Index

The Fear and Greed Indicators table shows that the sentiment in the cryptocurrency market leans towards greed. Most indicators fall within the greed range, implying increased enthusiasm and bullish sentiment among investors. However, it is important to monitor the indicators closely as they can fluctuate over time, potentially affecting market dynamics.

DateValueVariationSource
2024-07-11 00:00:0029pt1ptAlternative.me
2024-07-10 00:00:0028pt1ptAlternative.me
2024-07-09 00:00:0027pt0ptAlternative.me
2024-07-11 00:00:0028pt0ptBinance.com
2024-07-11 00:00:0029pt1ptBinance.com
2024-07-10 00:00:0027pt0ptBinance.com
2024-07-10 00:00:0028pt1ptBinance.com
2024-07-09 00:00:0027pt0ptBinance.com
2024-07-11 00:00:0029pt1ptBitDegree.org
2024-07-10 00:00:0028pt1ptBitDegree.org
2024-07-09 00:00:0027pt0ptBitDegree.org
2024-07-11 08:00:0037pt-1ptBtcTools.io
2024-07-11 00:00:0038pt0ptBtcTools.io
2024-07-10 16:00:0038pt-2ptBtcTools.io
2024-07-10 08:00:0040pt4ptBtcTools.io
2024-07-10 00:00:0036pt0ptBtcTools.io
2024-07-09 16:00:0036pt2ptBtcTools.io
2024-07-09 08:00:0034pt1ptBtcTools.io
2024-07-09 00:00:0033pt3ptBtcTools.io
2024-07-08 16:00:0030pt0ptBtcTools.io
2024-07-11 00:00:0029pt1ptCoinstats.app
2024-07-10 00:00:0028pt1ptCoinstats.app
2024-07-09 00:00:0027pt0ptCoinstats.app
2024-07-11 00:00:0028pt0ptLookIntoBitcoin.com
2024-07-11 00:00:0029pt1ptLookIntoBitcoin.com
2024-07-10 00:00:0027pt0ptLookIntoBitcoin.com
2024-07-10 00:00:0028pt1ptLookIntoBitcoin.com
2024-07-09 09:00:0027pt-2ptLookIntoBitcoin.com
2024-07-09 00:00:0029pt0ptLookIntoBitcoin.com

Bitcoin: Active Addresses

The Bitcoin Address Indicators table demonstrates a positive trend in the number of active addresses. This suggests growing participation in the Bitcoin network, indicating increased user adoption and potential market growth. It is a positive sign for the cryptocurrency market, reflecting continued interest and engagement from investors and users.

DateAddressesVariationIndicatorSource
2024-07-11 08:00:001,305,323,8930.00%Total Addressesbitaps.com
2024-07-11 08:00:001,252,786,0810.00%Zero Balance Addressesbitaps.com
2024-07-11 08:00:00654,3280.00%Bitcoin Active Addressesbtc.com
2024-07-11 08:00:00540,5360.00%Addresses with over 0bitaps.com
2024-07-11 08:00:00219,3780.00%Addresses with over 0.0000001bitaps.com
2024-07-11 08:00:003,515,9380.00%Addresses with over 0.000001bitaps.com
2024-07-11 08:00:0010,457,4950.00%Addresses with over 0.00001bitaps.com
2024-07-11 08:00:0013,462,4920.00%Addresses with over 0.0001bitaps.com
2024-07-11 08:00:0011,755,4710.00%Addresses with over 0.001bitaps.com
2024-07-11 08:00:008,029,3330.00%Addresses with over 0.01bitaps.com
2024-07-11 08:00:003,546,4030.00%Addresses with over 0.1bitaps.com
2024-07-11 08:00:00857,8610.00%Addresses with over 1bitaps.com
2024-07-11 08:00:00137,0710.00%Addresses with over 10bitaps.com
2024-07-11 08:00:0013,7700.00%Addresses with over 100bitaps.com
2024-07-11 08:00:001,9580.00%Addresses with over 1,000bitaps.com
2024-07-11 08:00:001020.00%Addresses with over 10,000bitaps.com
2024-07-11 08:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The Economic Events table highlights important events that can influence the cryptocurrency market. High-impact events such as US CPI inflation data, Federal Reserve announcements, and economic reports can significantly impact market dynamics and shape investor sentiment. Market participants should closely monitor these events to gauge potential market movements.

DateImpactEvent
2024-07-12 14:00:00ModerateConsumer Sentiment Year-ahead Inflation Expectations
2024-07-12 14:00:00ModerateConsumer Sentiment Index
2024-07-12 12:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – M/M
2024-07-12 12:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – Y/Y
2024-07-12 12:30:00HighPPI-Final Demand Ex-Food & Energy – Y/Y
2024-07-12 12:30:00HighPPI-Final Demand PPI-FD – M/M
2024-07-12 12:30:00HighPPI-Final Demand PPI-FD – Y/Y
2024-07-12 12:30:00HighPPI-Final Demand Ex-Food & Energy – M/M
2024-07-11 23:01:00ModerateGBP – RICS House Price Balance (Jun)
2024-07-11 22:45:00ModerateNZD – Electronic Card Retail Sales (MoM) (Jun)
2024-07-11 22:30:00ModerateNZD – Business NZ PMI (Jun)
2024-07-11 20:30:00ModerateUSD – FedΒ΄s Balance Sheet
2024-07-11 18:00:00ModerateUSD – Federal Budget Balance (Jun)
2024-07-11 18:00:00ModerateTreasury Statement Balance
2024-07-11 17:00:00HighUSD – 30-Year Bond Auction
2024-07-11 15:30:00ModerateUSD – FOMC Member Bostic Speaks
2024-07-11 14:30:00ModerateEIA Natural Gas Report Week over Week
2024-07-11 12:30:00HighUSD – Initial Jobless Claims
2024-07-11 12:30:00HighUSD – CPI (YoY) (Jun)
2024-07-11 12:30:00HighUSD – CPI (MoM) (Jun)
2024-07-11 12:30:00ModerateUSD – Core CPI (YoY) (Jun)
2024-07-11 12:30:00HighUSD – Core CPI (MoM) (Jun)
2024-07-11 12:30:00ModerateUSD – Continuing Jobless Claims
2024-07-11 12:30:00HighJobless Claims Initial Claims – Level
2024-07-11 12:30:00HighCPI Ex-Food & Energy- M/M
2024-07-11 12:30:00HighJobless Claims Initial Claims – Change
2024-07-11 12:30:00HighJobless Claims 4-Week Moving Average
2024-07-11 12:30:00HighCPI Ex-Food & Energy- Y/Y
2024-07-11 12:30:00HighCPI CPI – M/M
2024-07-11 12:30:00HighCPI CPI – Y/Y
2024-07-11 12:00:00ModerateBRL – Retail Sales (MoM) (May)
2024-07-11 12:00:00ModerateBRL – Retail Sales (YoY) (May)
2024-07-11 12:00:00ModerateGBP – NIESR Monthly GDP Tracker
2024-07-11 11:00:00ModerateEUR – Italian 10-Year BTP Auction
2024-07-11 10:50:00ModerateGBP – NIESR Monthly GDP Tracker
2024-07-11 10:00:00ModerateEUR – Eurogroup Meetings
2024-07-11 09:00:00ModerateUSD – IEA Monthly Report
2024-07-11 08:30:00ModerateGBP – BOE Credit Conditions Survey
2024-07-11 08:00:00ModerateCNY – New Loans
2024-07-11 06:00:00ModerateEUR – German CPI (YoY) (Jun)
2024-07-11 06:00:00HighEUR – German CPI (MoM) (Jun)
2024-07-11 06:00:00ModerateGBP – Trade Balance Non-EU (May)
2024-07-11 06:00:00ModerateGBP – Trade Balance (May)
2024-07-11 06:00:00ModerateGBP – Monthly GDP 3M/3M Change (May)
2024-07-11 06:00:00ModerateGBP – Manufacturing Production (MoM) (May)
2024-07-11 06:00:00ModerateGBP – Industrial Production (MoM) (May)
2024-07-11 06:00:00HighGBP – GDP (MoM) (May)
2024-07-10 23:01:00ModerateGBP – RICS House Price Balance (Jun)
2024-07-10 18:30:00ModerateUSD – FOMC Member Bowman Speaks
2024-07-10 17:00:00HighUSD – 10-Year Note Auction
2024-07-10 16:00:00ModerateRUB – CPI (YoY) (Jun)
2024-07-10 16:00:00ModerateRUB – CPI (MoM) (Jun)
2024-07-10 16:00:00ModerateUSD – Atlanta Fed GDPNow (Q2)
2024-07-10 15:30:00ModerateGBP – BoE MPC Member Mann Speaks
2024-07-10 14:30:00ModerateUSD – Cushing Crude Oil Inventories
2024-07-10 14:30:00HighUSD – Crude Oil Inventories
2024-07-10 14:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2024-07-10 14:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2024-07-10 14:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W

Crypto Assets Prices

The Prices table reveals positive price variations for major cryptocurrencies like Bitcoin and Ethereum in the last 24 hours. These price movements indicate a favorable trend in the market and growing investor confidence. However, it is important to conduct further analysis and consider market dynamics before making investment decisions.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-07-11 14:14:00Bitcoin58,309.991.20%1.030.07%4.560.05%
2024-07-10 14:14:00Bitcoin57,611.76-0.01%0.97-1.58%4.510.05%
2024-07-09 14:14:00Bitcoin57,618.010.95%2.552.03%4.46-2.86%
2024-07-11 14:14:00Ethereum3,166.362.00%2.110.22%5.321.82%
2024-07-10 14:14:00Ethereum3,102.990.70%1.89-1.42%3.50-2.26%
2024-07-09 14:14:00Ethereum3,081.381.47%3.320.83%5.76-3.95%
2024-07-11 14:14:00Binance Coin536.202.37%2.560.71%4.811.27%
2024-07-10 14:14:00Binance Coin523.501.15%1.85-1.03%3.54-0.84%
2024-07-09 14:14:00Binance Coin517.500.97%2.88-0.40%4.38-6.91%

CryptocurrencyΒ Capitalization and Volume

Based on the Market Capitalizations and Volumes table, the total market capitalization of major cryptocurrencies has increased over the last 24 hours. This growth indicates a positive trend in the market and suggests growing interest and investment. However, it is essential to monitor the market closely as fluctuations can occur depending on various factors.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-07-11 00:00:00Binance Coin80,718,169,6171.46%793,098,7446.89%
2024-07-10 00:00:00Binance Coin79,558,013,4051.33%741,956,565-42.02%
2024-07-09 00:00:00Binance Coin78,514,420,1144.29%1,279,639,52445.29%
2024-07-11 00:00:00Bitcoin1,139,350,681,823-0.48%26,753,644,692-5.90%
2024-07-10 00:00:00Bitcoin1,144,794,688,1872.43%28,431,798,563-31.68%
2024-07-09 00:00:00Bitcoin1,117,615,464,6521.56%41,614,266,908103.97%
2024-07-11 00:00:00Ethereum372,867,773,1891.12%14,236,087,224-4.47%
2024-07-10 00:00:00Ethereum368,733,224,9761.63%14,902,982,166-28.43%
2024-07-09 00:00:00Ethereum362,836,336,4673.38%20,822,730,077104.97%
2024-07-11 00:00:00Tether112,278,208,9090.01%42,052,904,8610.51%
2024-07-10 00:00:00Tether112,264,962,3940.08%41,841,228,112-25.22%
2024-07-09 00:00:00Tether112,172,989,9300.04%55,950,042,63272.82%

Cryptocurrency Exchanges Volume and Variation

The Exchanges table provides insights into the market volumes of major cryptocurrency exchanges. While there are variations in volumes across different exchanges, overall, there is observable trading activity in the market. Market participants should consider the liquidity and trading volumes on each exchange when making informed trading decisions.

DateExchangeVolumeVariation
2024-07-11 00:00:00Binance189,463-9.12%
2024-07-10 00:00:00Binance208,474-37.47%
2024-07-09 00:00:00Binance333,39689.77%
2024-07-11 00:00:00Binance US1227.96%
2024-07-10 00:00:00Binance US113-36.52%
2024-07-09 00:00:00Binance US17876.24%
2024-07-11 00:00:00Bitfinex2,116-26.96%
2024-07-10 00:00:00Bitfinex2,897-28.08%
2024-07-09 00:00:00Bitfinex4,02861.12%
2024-07-11 00:00:00Bybit67,6681.19%
2024-07-10 00:00:00Bybit66,869-27.58%
2024-07-09 00:00:00Bybit92,33673.82%
2024-07-11 00:00:00Coinbase29,888-6.75%
2024-07-10 00:00:00Coinbase32,050-38.27%
2024-07-09 00:00:00Coinbase51,916185.68%
2024-07-11 00:00:00Crypto.com33,3671.96%
2024-07-10 00:00:00Crypto.com32,726-28.46%
2024-07-09 00:00:00Crypto.com45,74575.65%
2024-07-11 00:00:00Gate.io35,745-9.56%
2024-07-10 00:00:00Gate.io39,524-40.62%
2024-07-09 00:00:00Gate.io66,56192.52%
2024-07-11 00:00:00Kraken9,8973.12%
2024-07-10 00:00:00Kraken9,598-26.84%
2024-07-09 00:00:00Kraken13,119116.99%
2024-07-11 00:00:00KuCoin9,321-5.84%
2024-07-10 00:00:00KuCoin9,899-28.64%
2024-07-09 00:00:00KuCoin13,87155.24%
2024-07-11 00:00:00OKX29,1423.91%
2024-07-10 00:00:00OKX28,045-43.65%
2024-07-09 00:00:00OKX49,77075.33%

Mining – Blockchain Technology

The Mining table showcases mining-related statistics such as mining difficulty, mined blocks, block rewards, and hash rate. These indicators provide insights into the computational mining capacity and activity in the cryptocurrency market. The stability of mining difficulty and the consistency of other mining-related metrics indicate ongoing mining operations and the continued security and functionality of the blockchain networks.

Item2024-07-112024-07-102024-07-092024-07-082024-07-072024-07-062024-07-05
Difficulty83.68T83.68T83.68T83.68T83.68T83.68T83.68T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks851.61K851.47K851.32K851.16K851.02K850.86K850.74K
Blocks Variation0.02%0.02%0.02%0.02%0.02%0.01%0.02%
Reward BTC3.133.133.133.133.133.133.13
Reward BTC Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Hash Rate GB537.68B605.37B628.78B557.89B656.59B470.29B587.23B
Hash Rate GB Variation-11.18%-3.72%12.71%-15.03%39.62%-19.91%-2.78%

Conclusion

In conclusion, the cryptocurrency market is currently trending up, with positive market sentiment, increasing market capitalizations, and active participation. The analysis of various data tables, including positive keywords, active addresses, and economic events, reveals a positive outlook for the market in the next 8 hours. However, it is crucial to monitor market developments and consider the dynamic nature of the cryptocurrency market when making investment decisions.

So What

The current state of the cryptocurrency market holds implications for investors and market participants. With positive market sentiment, increasing market capitalizations, and active participation, it suggests opportunities for potential growth and investment. However, it is essential to perform thorough research and analysis before making any investment decisions. Market risks and volatility should be taken into consideration, and investors should exercise caution and make informed choices based on their risk tolerance and investment goals.

What next?

Looking ahead, it is crucial to monitor market trends, economic events, regulatory developments, and technological advancements that may impact the cryptocurrency market. The positive sentiment observed in the market suggests a favorable outlook, but it is important to remain vigilant and adapt to changing market conditions. Ongoing analysis of market indicators and staying informed with credible news sources will be vital in navigating the dynamic 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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