📃 Jul 31, 2026 – ASIA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

The crypto market looks cautiously optimistic for the next 8 hours, driven by macro news and asset performance. Bitcoin traded at $64,032.95 on July 30, showing a minor 0.02% price variation and a 0.12% 24-hour variation. This stability, alongside news that Bitcoin is nearing $65K as US PCE cools, points to underlying strength. Ethereum also shows positive momentum, with its price at $1,919.49 on July 31, reflecting a 0.38% price variation and a 1.12% 24-hour variation. The Federal Reserve’s decision to leave interest rates unchanged typically benefits risk assets like cryptocurrencies, helping Ethereum’s climb.

Despite positive price signals, the Fear and Greed Index from Alternative.me, BitDegree.org, and Milkroad.com registered 25pt on July 31, indicating ‘extreme fear.’ Coinstats.app, however, reported a higher 38pt on the same day, placing it more firmly in the ‘fear’ category but not ‘extreme.’ This divergence in sentiment shows some market participants remain cautious while others see a less dire situation. Confidence for a neutral to trending up movement in the next 8 hours is moderate, given the conflicting sentiment but supportive price action and macro news.

Bitcoin address activity shows a growing network but fluctuating engagement. Total addresses reached 1,531,329,747 by July 30, 23:00:00, according to bitaps.com, increasing consistently with 0.00% variation in hourly snapshots. Zero Balance Addresses also climbed to 1,474,410,891 at the same time. However, Bitcoin Active Addresses, reported by btc.com, fell 2.37% to 641,695 by July 30, 23:00:00, after fluctuating all day. Addresses holding over 10,000 BTC remained stable at 84 on July 30, indicating large holders aren’t significantly shifting positions. The mining sector also looks positive: Hash Rate GB climbed 2.64% to 954.51B on July 31, suggesting continued investment in network security. This mix of stable large-holder behavior and increasing hash rate builds confidence in the network’s health, even with fluctuating active addresses.

What is important

The crypto market shows mixed signals: positive macroeconomic news provides a tailwind, but some sentiment indicators still reflect caution. Bitcoin’s price stability near $65K and Ethereum’s upward movement are key. The Federal Reserve’s decision to maintain interest rates and a cooling US PCE support these price actions, generally creating a more favorable environment for digital assets.

The Fear and Greed Index shows a split: some sources indicate ‘extreme fear’ at 25pt on July 31, while Coinstats.app registered a less severe ‘fear’ at 38pt. This divergence points to varied market perceptions. On-chain data shows a growing total number of Bitcoin addresses, reaching over 1.5 billion by July 30, though active addresses saw a slight decline. This implies a long-term accumulation trend despite short-term transactional slowdowns.

The mining sector shows resilience, with Hash Rate GB climbing 2.64% to 954.51B on July 31, ensuring network security. Key economic events, like the Consumer Sentiment Index and Chicago PMI Index, are scheduled for July 31; their outcomes could influence short-term market direction. The market currently combines fundamental strength, positive macro catalysts, and lingering cautious sentiment.

Top 5 – Latest Headlines & Cryptocurrency News

👍 Bitcoin price nears $65K as US PCE cools to 3.7%
– Bitcoin price nears $65k as US PCE cools down, indicating a positive trend in the cryptocurrency market.

👍 Bitcoin and ethereum prices today, Thursday, July 30, 2026: Prices rise after Fed leaves rates unchanged
– Bitcoin and Ethereum prices rise after the Federal Reserve leaves interest rates unchanged.

👍 Binance Adds Gold and Silver Options, Bringing Commodity Markets to Crypto Traders
– Binance adds gold and silver options to bring commodity markets to crypto traders.

👎 DOJ Indicts Crypto Investor Over Alleged $20 Million Fraud Targeting Dozens of Victims
– The US Department of Justice has indicted a cryptocurrency investor for allegedly committing a $20 million fraud targeting dozens of victims.

👍 Bitcoin and XRP are the only ETFs in green – $32M inflows as whale activity surges
– Bitcoin and XRP are the only ETFs in the green with $32m inflows as whale activity surges.

Factors Driving the Growth – Market Sentiment

News sentiment over the last 24 hours shows ‘bitcoin’ discussed 42 times positively and 51 times negatively, underscoring its central role in market discourse. ‘Cryptocurrency’ and ‘crypto’ also appeared frequently in positive (19 and 17 occurrences) and negative (13 and 34 occurrences) news, showing a broad market impact. Positive keywords like ‘ethereum’ (17 occurrences), ‘binance’ (15 occurrences), ‘ripple’ (9 occurrences), and ‘xrp’ (9 occurrences) point to specific assets and platforms driving positive narratives, often tied to price moves or new offerings. On the flip side, negative keywords such as ‘loss’ (11 occurrences), ‘tax’ (11 occurrences), ‘scam’ (9 occurrences), and ‘bitriver’ (9 occurrences) reveal ongoing concerns about market risks and regulatory issues. ‘Clarity act’ appeared repeatedly in both positive (14 occurrences) and negative (9 occurrences) contexts, suggesting an ongoing debate or mixed opinions on its industry impact.

Positive Terms – Sentiment Analysis

Negative Terms – Sentiment Analysis

Crypto Investor Fear & Greed Index

Fear and Greed Indicators show ‘fear’ or ‘extreme fear’ in the crypto market. On July 31, Alternative.me, BitDegree.org, and Milkroad.com all reported 25pt, falling into ‘extreme fear.’ For Alternative.me and Milkroad.com, this dropped from 28pt on July 30. BitDegree.org fell from 29pt on July 29. Coinstats.app, however, showed 38pt on July 31, placing it in the ‘fear’ range (25-49) but notably higher than other sources. Coinstats.app also fluctuated, with values ranging from 33pt to 38pt over recent days, indicating more dynamic sentiment. The general trend across most sources shows cautious sentiment dominating the market, with some indicators pointing to deeper fear.

Bitcoin: Active Addresses

Bitcoin address indicators show a growing network alongside fluctuating activity. Total Addresses, according to bitaps.com, hit 1,531,329,747 by July 30, 23:00:00, increasing consistently with 0.00% variation in hourly snapshots. Zero Balance Addresses also climbed to 1,474,410,891 at the same time. However, Bitcoin Active Addresses, reported by btc.com, fell 2.37% to 641,695 by July 30, 23:00:00, after fluctuating all day. Addresses with over 0.0000001 BTC held stable at 219,434. Larger holders, like those with over 1 BTC (829,223) and over 10 BTC (130,140), showed minimal or no variation on July 30, 23:00:00. This implies continued network expansion and a stable base of larger holders, even as daily active transactional engagement dipped slightly.

Economic events to move the cryptocurrency market

Global financial markets saw several high-impact economic events on July 30, likely influencing crypto sentiment. Multiple ‘High’ impact reports hit at 12:30:00, including Jobless Claims (Initial Claims and 4-Week Moving Average), Personal Income and Outlays (Personal Income – M/M, PCE Price Index – M/M, Personal Consumption Expenditures – M/M, Core PCE Price Index – Y/Y, PCE Price Index – Y/Y, and Core PCE Price Index – M/M), and GDP Quarter over Quarter – Annual Rate. These indicators offer a full picture of economic health and inflation, crucial for risk asset performance. A ‘Moderate’ impact EIA Natural Gas Report Week over Week also came out at 14:30:00 on July 30. Looking ahead, July 31 brings more ‘Moderate’ impact events: the Employment Cost Index Quarter over Quarter at 12:30:00, Chicago PMI Index at 13:45:00, and Consumer Sentiment Index at 14:00:00. These could further shape market expectations and investor behavior.

Crypto Assets Prices

Crypto prices show a mixed but generally stable to positive trend over the past couple of days. Bitcoin’s price on July 30, 00:15:00, was $64,032.95, with a modest 0.02% price variation and a 0.12% 24-hour variation. This came after a higher 0.52% price variation on July 29, when the price was $64,018.01. Ethereum showed more pronounced positive movement, with its price at $1,919.49 on July 31, 00:15:00, reflecting a 0.38% price variation and a 1.12% 24-hour variation. This improved from July 30, when Ethereum’s price was $1,912.20 with a -0.54% price variation. Binance Coin also climbed, priced at $573.17 on July 30, 00:15:00, with a 0.20% price variation and a 0.23% 24-hour variation, following a 1.04% price variation on July 29. Volatility for these assets generally stayed manageable, with Bitcoin’s 24h volatility at 2.34% on July 30, and Ethereum’s at 2.08% on July 31.

Cryptocurrency Capitalization and Volume

Market capitalizations and volumes for major cryptocurrencies on July 31, 00:00:00, show a stable environment with no reported variation in capitalization or volume for the day. Bitcoin held the largest capitalization at $1,299,452,903,845, with a daily volume of $26,385,898,062. Ethereum followed with a capitalization of $231,524,698,944 and a volume of $7,268,211,517. Tether, despite a lower capitalization of $183,820,104,340, recorded the highest volume among the listed assets at $39,982,854,299, highlighting its significant role in trading liquidity. Ripple’s capitalization was $67,700,708,004 with a volume of $984,111,318, and Binance Coin had a capitalization of $78,791,271,442 and a volume of $822,184,868. The consistent 0.00% variation across all these metrics indicates relative stability in market sizing and trading activity for these major assets.

Cryptocurrency Exchanges Volume and Variation

Exchange volumes on July 31, 00:00:00, show Binance leading the market with a reported volume of 94,698. Other significant exchanges include Coinbase at 17,116, Bybit at 16,297, OKX at 15,510, Gate.io at 15,133, and KuCoin at 14,937. Kraken also reported a substantial volume of 14,516. Crypto.com registered 8,107, while Bitfinex had 1,400. Binance US recorded the lowest volume among the listed exchanges at 126. Each exchange reported a 0.00% variation in volume for the specified date, indicating stable trading activity across these platforms at that particular time.

Taking stock

The crypto market sees a complex mix of factors: positive macroeconomic tailwinds support it against persistent, nuanced market caution. Bitcoin’s price stability around $64,000 and Ethereum’s recent climb are encouraging, especially given the Federal Reserve’s decision to hold interest rates steady and the cooling US PCE. These broader economic signals typically favor risk assets, building a more constructive outlook for digital currencies.

The Fear and Greed Index readings diverge, with some sources indicating ‘extreme fear’ at 25pt while others show a less severe ‘fear’ at 38pt. This points to fragmented sentiment, meaning some investors remain highly cautious while others are less pessimistic. The Bitcoin network’s underlying strength comes from its rising hash rate, which climbed 2.64% to 954.51B on July 31. This shows robust security and miner confidence, even as active addresses saw a slight dip.

News flow shows this duality: numerous positive stories about Binance’s new offerings and ETF inflows for Bitcoin and XRP appear alongside negative reports concerning fraud cases and layoffs at exchanges. This blend of positive developments and ongoing challenges suggests a market in transition, where fundamental improvements and external economic factors are gradually easing lingering anxieties.

So What

For those watching the crypto market today, the current environment suggests macroeconomic stability is starting to influence digital asset prices positively. Bitcoin’s price holding firm near $64,000 and Ethereum’s recent gains mean the market isn’t experiencing a broad downturn. The Federal Reserve’s decision to keep interest rates unchanged and the cooling US PCE are concrete economic signals that traditionally support growth assets, potentially leading to sustained price stability or modest gains for cryptocurrencies.

However, mixed signals from the Fear and Greed Index, ranging from 25pt to 38pt, show a significant portion of the market remains hesitant. This means prices might not be falling sharply, but there isn’t a widespread surge of confidence either. The slight decrease in Bitcoin active addresses, despite an increasing total number of addresses, implies that while adoption continues, daily transactional urgency might be lower. This could mean many participants favor long-term holding over short-term trading.

What next?

In the next 8 hours, market participants should closely monitor the upcoming economic events scheduled for July 31. The Employment Cost Index Quarter over Quarter at 12:30:00, Chicago PMI Index at 13:45:00, and Consumer Sentiment Index at 14:00:00 are all ‘Moderate’ impact events. Positive readings from these indicators could reinforce the current trend of cautious optimism and potentially provide further upward momentum for Bitcoin and Ethereum.

Watch for Bitcoin’s price movement relative to the $65,000 level, as recent news mentioned. A sustained break above this point could show increased confidence. Similarly, observe if Ethereum can hold its price above $1,900. Any significant shifts in the Fear and Greed Index, especially if the 25pt readings from Alternative.me and others start to align more closely with Coinstats.app’s 38pt, could mean a broader sentiment change. Finally, keep an eye on active Bitcoin address metrics; a reversal of the recent 2.37% decline in active addresses could mean renewed transactional interest.

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

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