Crypto Market Analysis & Trend: Neutral/Trending Up
In the past 24 hours, the cryptocurrency market has shown a neutral to trending up trend. Bitcoin (BTC) has experienced a price rebound, reaching $60,000 and showing strong bullish momentum. Ethereum (ETH) has also displayed bullish behavior, with its price surging above $3,300. Both Bitcoin and Ethereum have witnessed positive sentiment among investors and traders.
Evidence supporting this trend includes the increase in Bitcoin’s hash rate and the significant addition of ETH to liquid staking protocols ahead of the launch of a spot ETF. Furthermore, the surge in volume and adoption of Solana (SOL) in the NFT space have boosted market confidence.
While the cryptocurrency market has exhibited positive movements, it is important to note the presence of negative sentiment related to rug pulls on the BNB Chain and the activity of the Lazarus Group in moving stolen funds from the DMM Bitcoin hack.
Overall, the trend in the cryptocurrency market is currently neutral to trending up, supported by evidence such as price rebounds, increased adoption, and positive investor sentiment.
What is important
Key points to understand the current state of the cryptocurrency market:
– Bitcoin has rebounded to $60,000, displaying strong bullish momentum and indicating a positive sentiment among investors.
– Ethereum’s price surge above $3,300 showcases its bullish performance and increased adoption.
– Solana has surpassed Ethereum and Bitcoin in NFT adoption, positioning itself as a prominent player in the space.
– The addition of ETH to liquid staking protocols ahead of the spot ETF launch signifies growing interest in Ethereum.
– Negative sentiment includes rug pulls on the BNB Chain and the involvement of the Lazarus Group in moving stolen funds from the DMM Bitcoin hack.
Top 5 – Latest Headlines & Cryptocurrency News
- How Solana flipped Ethereum, Bitcoin in NFT Adoption– Solana has surpassed Ethereum and Bitcoin in NFT adoption.
- Ethereum Technical Analysis: ETH´s Bullish Momentum Continues Amid Uptrend– Ethereum´s bullish momentum continues amid uptrend.
- 290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF Launch– Around 290,000 ETH has been added to liquid staking protocols ahead of the launch of a spot ETF.
- Usual Money Launches Usual USD on Public Mainnet; TVL Reaches $90M– Usual Money launches Usual USD on public mainnet with TVL reaching $90M.
- Bitcoin rebounds to $60k as whales add $4B to holdings: Trump effect?– Bitcoin rebounds to $60k as whales add $4b to holdings.
Factors Driving the Growth – Market Sentiment
Positive Keywords Analysis:
The analysis of positive keywords reveals a strong emphasis on Bitcoin, Ethereum, and the overall cryptocurrency market. Bitcoin has been mentioned frequently, indicating its continued dominance and importance in the market. Ethereum has also gained attention due to its price surge and bullish momentum. Moreover, mentions of Solana demonstrate its growing influence in the NFT space. Overall, these positive keywords align with the observed trend of the cryptocurrency market.
Negative Keywords Analysis:
The negative keywords analysis highlights concerns over rug pulls on the BNB Chain and the Lazarus Group’s involvement in stolen funds from the DMM Bitcoin hack. These negative keywords serve as a reminder of the risks and security challenges present in the cryptocurrency market. Despite these negative aspects, they do not outweigh the overall positive sentiment and market performance.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 14 | bitcoin |
| 10 | ethereum |
| 5 | cryptocurrency market |
| 4 | sol |
| 3 | $60,000 |
| 3 | $700 |
| 3 | $700 mark |
| 3 | bitcoin price |
| 3 | eth |
| 3 | price |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 4 | tornado cash |
| 2 | $16 billion |
| 2 | bitconnect promoter |
| 2 | bnb chain |
| 2 | collapse |
| 2 | crypto market |
| 2 | dmm bitcoin hack |
| 2 | fraud |
| 2 | lazarus group |
| 2 | parody meme coins |
Crypto Investor Fear & Greed Index
Fear and Greed Indicators Analysis:
The Fear and Greed Indicators for the cryptocurrency market are not provided in the dataset, thus preventing a comprehensive analysis of investor sentiment and the overall market sentiment. It is advisable to utilize external sources or updated datasets to gauge the fear and greed levels within the cryptocurrency market.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-07-15 00:00:00 | 33pt | 0pt | Alternative.me |
| 2024-07-15 00:00:00 | 52pt | 19pt | Alternative.me |
| 2024-07-14 00:00:00 | 25pt | 0pt | Alternative.me |
| 2024-07-14 00:00:00 | 33pt | 8pt | Alternative.me |
| 2024-07-13 00:00:00 | 25pt | 0pt | Alternative.me |
| 2024-07-15 00:00:00 | 33pt | 0pt | Binance.com |
| 2024-07-15 00:00:00 | 52pt | 19pt | Binance.com |
| 2024-07-14 00:00:00 | 25pt | 0pt | Binance.com |
| 2024-07-14 00:00:00 | 33pt | 8pt | Binance.com |
| 2024-07-13 00:00:00 | 25pt | 0pt | Binance.com |
| 2024-07-15 00:00:00 | 33pt | 8pt | BitDegree.org |
| 2024-07-14 00:00:00 | 25pt | 0pt | BitDegree.org |
| 2024-07-13 00:00:00 | 25pt | 0pt | BitDegree.org |
| 2024-07-15 08:00:00 | 55pt | 7pt | BtcTools.io |
| 2024-07-15 00:00:00 | 48pt | -7pt | BtcTools.io |
| 2024-07-14 16:00:00 | 55pt | 1pt | BtcTools.io |
| 2024-07-14 08:00:00 | 54pt | 9pt | BtcTools.io |
| 2024-07-14 00:00:00 | 45pt | 5pt | BtcTools.io |
| 2024-07-13 16:00:00 | 40pt | -1pt | BtcTools.io |
| 2024-07-13 08:00:00 | 41pt | 2pt | BtcTools.io |
| 2024-07-13 00:00:00 | 39pt | -4pt | BtcTools.io |
| 2024-07-12 16:00:00 | 43pt | 0pt | BtcTools.io |
| 2024-07-15 00:00:00 | 52pt | 19pt | Coinstats.app |
| 2024-07-14 00:00:00 | 33pt | 8pt | Coinstats.app |
| 2024-07-13 00:00:00 | 25pt | 0pt | Coinstats.app |
| 2024-07-15 00:00:00 | 33pt | 0pt | LookIntoBitcoin.com |
| 2024-07-15 00:00:00 | 52pt | 19pt | LookIntoBitcoin.com |
| 2024-07-14 00:00:00 | 25pt | 0pt | LookIntoBitcoin.com |
| 2024-07-14 00:00:00 | 33pt | 8pt | LookIntoBitcoin.com |
| 2024-07-13 00:00:00 | 25pt | 0pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
Bitcoin Address Indicators Analysis:
Unfortunately, the dataset does not provide the necessary information for analyzing the Bitcoin address indicators related to the quantity of wallet addresses and their respective balances. Hence, a detailed analysis regarding the mining community, active addresses, and wallet balances cannot be conducted using the given dataset.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-07-15 14:00:00 | 1,306,437,369 | 0.00% | Total Addresses | bitaps.com |
| 2024-07-15 14:00:00 | 1,254,049,452 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-07-15 14:00:00 | 824,068 | 3.57% | Bitcoin Active Addresses | btc.com |
| 2024-07-15 14:00:00 | 540,543 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-07-15 14:00:00 | 219,380 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-07-15 14:00:00 | 3,526,356 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-07-15 14:00:00 | 10,456,545 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-07-15 14:00:00 | 13,378,481 | -0.05% | Addresses with over 0.0001 | bitaps.com |
| 2024-07-15 14:00:00 | 11,694,262 | -0.01% | Addresses with over 0.001 | bitaps.com |
| 2024-07-15 14:00:00 | 8,015,944 | -0.01% | Addresses with over 0.01 | bitaps.com |
| 2024-07-15 14:00:00 | 3,545,328 | -0.01% | Addresses with over 0.1 | bitaps.com |
| 2024-07-15 14:00:00 | 858,230 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-07-15 14:00:00 | 136,990 | -0.04% | Addresses with over 10 | bitaps.com |
| 2024-07-15 14:00:00 | 13,795 | -0.02% | Addresses with over 100 | bitaps.com |
| 2024-07-15 14:00:00 | 1,959 | 0.05% | Addresses with over 1,000 | bitaps.com |
| 2024-07-15 14:00:00 | 100 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-07-15 14:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
Economic Events Analysis:
The dataset does not include specific economic events related to the global financial market. As a result, an analysis of economic events impacting the cryptocurrency market cannot be provided based on this dataset.
| Date | Impact | Event |
|---|---|---|
| 2024-07-16 14:00:00 | Moderate | Business Inventories Month over Month |
| 2024-07-16 14:00:00 | Moderate | Housing Market Index Index |
| 2024-07-16 12:30:00 | Moderate | Import and Export Prices Export Prices – Y/Y |
| 2024-07-16 12:30:00 | Moderate | Import and Export Prices Export Prices – M/M |
| 2024-07-16 12:30:00 | High | Retail Sales Retail Sales – M/M |
| 2024-07-16 12:30:00 | High | Retail Sales Ex-Vehicles – M/M |
| 2024-07-16 12:30:00 | High | Retail Sales Ex-Vehicles & Gas – M/M |
| 2024-07-16 12:30:00 | Moderate | Import and Export Prices Import Prices – Y/Y |
| 2024-07-16 12:30:00 | Moderate | Import and Export Prices Import Prices – M/M |
| 2024-07-15 20:35:00 | Moderate | USD – FOMC Member Daly Speaks |
| 2024-07-15 16:30:00 | High | USD – Fed Chair Powell Speaks |
| 2024-07-15 16:00:00 | High | USD – Fed Chair Powell Speaks |
| 2024-07-15 14:30:00 | Moderate | CAD – BoC Business Outlook Survey |
| 2024-07-15 12:30:00 | Moderate | Empire State Manufacturing Index Index |
| 2024-07-15 12:30:00 | Moderate | CAD – Wholesale Sales (MoM) (May) |
| 2024-07-15 12:30:00 | Moderate | USD – NY Empire State Manufacturing Index (Jul) |
| 2024-07-15 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-07-15 09:00:00 | Moderate | EUR – Industrial Production (MoM) (May) |
| 2024-07-15 06:30:00 | Moderate | INR – WPI Inflation (YoY) (Jun) |
| 2024-07-15 06:30:00 | Moderate | CHF – PPI (MoM) (Jun) |
| 2024-07-15 06:00:00 | Moderate | EUR – German Retail Sales (MoM) (May) |
| 2024-07-15 02:00:00 | Moderate | CNY – NBS Press Conference |
| 2024-07-15 02:00:00 | Moderate | CNY – Chinese Unemployment Rate (Jun) |
| 2024-07-15 02:00:00 | Moderate | CNY – Chinese Industrial Production YTD (YoY) (Jun) |
| 2024-07-15 02:00:00 | Moderate | CNY – Industrial Production (YoY) (Jun) |
| 2024-07-15 02:00:00 | Moderate | CNY – Chinese GDP YTD (YoY) (Q2) |
| 2024-07-15 02:00:00 | High | CNY – GDP (YoY) (Q2) |
| 2024-07-15 02:00:00 | Moderate | CNY – GDP (QoQ) (Q2) |
| 2024-07-15 02:00:00 | Moderate | CNY – Fixed Asset Investment (YoY) (Jun) |
Crypto Assets Prices
Prices Analysis:
The dataset provides valuable insights into the price fluctuations and variations of Bitcoin, Ethereum, and Binance Coin. Bitcoin has witnessed positive price movements, rebounding to $60,000 and displaying bullish momentum. Ethereum has also experienced a surge above $3,300, indicating strong performance. Binance Coin’s price has shown positive growth as well. Overall, the prices of major cryptocurrencies have displayed upward trends in the past 24 hours, aligning with the positive sentiment observed in the market.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-07-15 14:17:00 | Bitcoin | 62,906.01 | 5.15% | 4.82 | 3.35% | 5.62 | 2.00% |
| 2024-07-14 14:17:00 | Bitcoin | 59,664.00 | 1.95% | 1.47 | 0.29% | 3.62 | 0.56% |
| 2024-07-13 14:17:00 | Bitcoin | 58,502.01 | 1.14% | 1.18 | 1.10% | 3.06 | 0.26% |
| 2024-07-15 14:17:00 | Ethereum | 3,351.80 | 4.95% | 5.01 | 4.01% | 6.02 | 3.45% |
| 2024-07-14 14:17:00 | Ethereum | 3,185.77 | 1.32% | 1.00 | 0.18% | 2.57 | -0.05% |
| 2024-07-13 14:17:00 | Ethereum | 3,143.57 | 0.70% | 0.81 | 1.69% | 2.62 | -1.05% |
| 2024-07-15 14:17:00 | Binance Coin | 570.90 | 6.57% | 6.65 | 6.50% | 7.78 | 5.32% |
| 2024-07-14 14:17:00 | Binance Coin | 533.40 | 0.73% | 0.15 | 0.28% | 2.47 | 0.11% |
| 2024-07-13 14:17:00 | Binance Coin | 529.50 | -0.45% | -0.13 | -0.19% | 2.35 | -0.78% |
Cryptocurrency Capitalization and Volume
Market Capitalizations and Volumes Analysis:
Based on the data provided in the ‘Market Capitalizations and Volumes’ table, it can be observed that the total market capitalization and volume of major cryptocurrencies have shown positive growth. Bitcoin, Ethereum, and other cryptocurrencies have experienced upward movements in their capitalization and trading volume. These positive trends signify increased investor interest and participation in the market.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-07-15 00:00:00 | Binance Coin | 83,578,905,219 | 1.99% | 583,235,847 | -6.99% |
| 2024-07-14 00:00:00 | Binance Coin | 81,949,861,356 | -0.17% | 627,059,422 | -21.27% |
| 2024-07-13 00:00:00 | Binance Coin | 82,091,505,747 | 1.68% | 796,435,033 | -1.37% |
| 2024-07-15 00:00:00 | Bitcoin | 1,198,219,055,697 | 2.55% | 22,650,427,147 | 41.97% |
| 2024-07-14 00:00:00 | Bitcoin | 1,168,371,787,726 | 2.35% | 15,954,500,183 | -37.44% |
| 2024-07-13 00:00:00 | Bitcoin | 1,141,567,375,406 | 1.00% | 25,503,282,836 | -12.27% |
| 2024-07-15 00:00:00 | Ethereum | 389,938,342,176 | 2.16% | 9,992,179,342 | 29.39% |
| 2024-07-14 00:00:00 | Ethereum | 381,711,250,543 | 1.44% | 7,722,353,045 | -37.81% |
| 2024-07-13 00:00:00 | Ethereum | 376,300,269,816 | 1.05% | 12,418,004,887 | -11.67% |
| 2024-07-15 00:00:00 | Tether | 112,455,701,049 | 0.02% | 21,157,332,942 | -16.85% |
| 2024-07-14 00:00:00 | Tether | 112,432,522,893 | 0.02% | 25,444,753,497 | -33.17% |
| 2024-07-13 00:00:00 | Tether | 112,412,688,005 | -0.02% | 38,073,849,053 | -14.28% |
Cryptocurrency Exchanges Volume and Variation
Exchanges Analysis:
The ‘Exchanges’ table reveals insights into the trading volume and variations across major cryptocurrency exchanges. The dataset indicates fluctuations in trading volume among exchanges such as Binance, Binance US, Bitfinex, Bybit, Coinbase, Crypto.com, Gate.io, Kraken, KuCoin, and OKX. These variations reflect the dynamic nature of the cryptocurrency market and the shifting preferences of traders. However, a comprehensive analysis considering additional factors such as liquidity, security, and user experience is essential to make well-informed trading decisions.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-07-15 00:00:00 | Binance | 140,231 | 21.99% |
| 2024-07-14 00:00:00 | Binance | 114,956 | -34.83% |
| 2024-07-13 00:00:00 | Binance | 176,399 | -15.69% |
| 2024-07-15 00:00:00 | Binance US | 134 | 5.51% |
| 2024-07-14 00:00:00 | Binance US | 127 | 19.81% |
| 2024-07-13 00:00:00 | Binance US | 106 | -16.54% |
| 2024-07-15 00:00:00 | Bitfinex | 2,019 | 34.24% |
| 2024-07-14 00:00:00 | Bitfinex | 1,504 | -36.75% |
| 2024-07-13 00:00:00 | Bitfinex | 2,378 | -24.58% |
| 2024-07-15 00:00:00 | Bybit | 51,161 | 11.08% |
| 2024-07-14 00:00:00 | Bybit | 46,059 | -27.93% |
| 2024-07-13 00:00:00 | Bybit | 63,906 | -10.65% |
| 2024-07-15 00:00:00 | Coinbase | 20,468 | 18.18% |
| 2024-07-14 00:00:00 | Coinbase | 17,319 | -38.38% |
| 2024-07-13 00:00:00 | Coinbase | 28,104 | -14.57% |
| 2024-07-15 00:00:00 | Crypto.com | 26,730 | 29.38% |
| 2024-07-14 00:00:00 | Crypto.com | 20,660 | -44.18% |
| 2024-07-13 00:00:00 | Crypto.com | 37,012 | -4.17% |
| 2024-07-15 00:00:00 | Gate.io | 25,862 | 21.73% |
| 2024-07-14 00:00:00 | Gate.io | 21,246 | -27.99% |
| 2024-07-13 00:00:00 | Gate.io | 29,506 | -21.00% |
| 2024-07-15 00:00:00 | Kraken | 6,404 | 34.00% |
| 2024-07-14 00:00:00 | Kraken | 4,779 | -55.28% |
| 2024-07-13 00:00:00 | Kraken | 10,686 | -9.60% |
| 2024-07-15 00:00:00 | KuCoin | 8,764 | 10.68% |
| 2024-07-14 00:00:00 | KuCoin | 7,918 | -19.49% |
| 2024-07-13 00:00:00 | KuCoin | 9,835 | -6.29% |
| 2024-07-15 00:00:00 | OKX | 23,790 | 19.59% |
| 2024-07-14 00:00:00 | OKX | 19,893 | -21.33% |
| 2024-07-13 00:00:00 | OKX | 25,287 | -14.28% |
Mining – Blockchain Technology
Mining Analysis:
The ‘Mining’ table provides data on mining difficulty, mined blocks, block rewards, and hash rates. However, without data for consecutive days or comparison to historical trends, it is challenging to analyze mining operations’ current state. Detailed insights into mining activities require a broader dataset encompassing more comprehensive mining statistics and trends.
| Item | 2024-07-15 | 2024-07-14 | 2024-07-13 | 2024-07-12 | 2024-07-11 | 2024-07-10 | 2024-07-09 |
|---|---|---|---|---|---|---|---|
| Difficulty | 83.68T | 83.68T | 83.68T | 83.68T | 83.68T | 83.68T | 83.68T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 852.22K | 852.05K | 851.90K | 851.75K | 851.61K | 851.47K | 851.32K |
| Blocks Variation | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Reward BTC | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Hash Rate GB | 664.26B | 605.37B | 596.90B | 553.37B | 537.68B | 605.37B | 628.78B |
| Hash Rate GB Variation | 9.73% | 1.42% | 7.87% | 2.92% | -11.18% | -3.72% | 12.71% |
Conclusion
In conclusion, the cryptocurrency market has exhibited a neutral to trending up trend in the past 24 hours. Bitcoin and Ethereum have shown positive price movements, strong performance, and increased adoption. Solana has emerged as a prominent player in the NFT space, surpassing Ethereum and Bitcoin in NFT adoption. However, caution should be exercised due to negative factors such as rug pulls and security risks associated with certain platforms.
So What
The current state of the cryptocurrency market holds several practical implications. Investors and traders can capitalize on the positive momentum displayed by Bitcoin and Ethereum, positioning themselves for potential gains. The rise of Solana in the NFT space offers opportunities for those involved in the digital art and collectibles market. It is essential to remain vigilant and conduct thorough research when engaging with various platforms, considering potential risks and security challenges.
What next?
Moving forward, it is crucial to monitor the market closely and stay informed about changing trends and developments. Bitcoin’s price rebound and Ethereum’s bullish momentum indicate ongoing positive sentiment, but caution is necessary due to the presence of negative factors. Furthermore, the growth and adoption of Solana in the NFT space are worth tracking. Investors and traders should remain adaptable, making informed decisions based on comprehensive research and market analysis to navigate the dynamic 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.
