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

Crypto Market Analysis & Trend: Neutral/Trending Down

The crypto market is in ‘Fear’ on July 31, with several sources reporting an index value of 25pt. Alternative.me, BitcoinMagazinePro.com, BitDegree.org, and Milkroad.com all show this level, pushing the market to the edge of extreme fear. Coinstats.app readings are slightly higher, between 36pt and 39pt, but still signal caution. This marks a clear shift from July 29, when indicators sat around 29pt.

Bitcoin slipped to $64,000.00 on July 31 at 07:30:00, down -0.10% in price and -0.04% over 24 hours. That follows a -0.70% drop on July 30. Ethereum also moved lower, hitting $1,905.42 on July 30 at 07:30:00 with a -0.69% price variation. Binance Coin bucked the trend, climbing 0.70% to $575.18 on the same day. Bitcoin’s 24-hour volatility fell -0.10% to 2.23% on July 31, suggesting calmer price action.

Despite cautious sentiment and price dips, Bitcoin’s network metrics show underlying strength. Active addresses climbed 1.51% to 722,437 on July 31 at 07:00:00, according to btc.com. The total number of Bitcoin addresses also keeps growing, now at 1,531,433,491. Mining activity is robust, with the hash rate jumping 2.64% to 954.51B GB on July 31, even as mining difficulty held steady at 126.23T. This means more computing power is securing the network. Major crypto market caps for Bitcoin, Ethereum, and Tether stayed flat with 0.00% variation on July 31 at 00:00:00, suggesting no major capital flight.

High-impact economic events on July 30, including Jobless Claims and GDP reports, likely moved markets. News about US PCE cooling was seen as a positive for Bitcoin. Today, July 31, brings moderate-impact events like the Consumer Sentiment Index and Chicago PMI Index. Our confidence for the next 8 hours is medium to high. While ‘Fear’ and recent price dips point to a cautious or slightly downward bias, stable market caps, more active addresses, and a rising hash rate could limit bigger drops. Mixed news — positive developments like Aviva and Ripple’s tokenized fund, alongside Peter Schiff’s negative warnings — makes for a tense, balanced short-term outlook.

What is important

The crypto market is stuck in ‘Fear’ on July 31, with the Fear & Greed Index between 25pt and 39pt. This means market participants are staying cautious. Bitcoin’s price saw a slight decline, settling at $64,000.00 on July 31 at 07:30:00 after some minor negative moves.

Even with price shifts, Bitcoin’s network remains active. Active addresses climbed 1.51% to 722,437 on July 31 at 07:00:00. The hash rate also jumped 2.64% to 954.51B GB, showing strong network health and miner involvement.

Economic events, like the high-impact reports on July 30, shaped market narratives. Moderate-impact events are coming up on July 31. News sentiment is mixed: positive developments for XRP, like ETF inflows and Aviva’s tokenized fund, clash with negative reports of Bitcoin’s weakest spot trading volume and warnings of potential selloffs.

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.

👍 Aviva and Ripple Launch $1T Tokenized Fund With First XRPL Liquidity Fund Share Class
– Aviva and Ripple launch a 1T tokenized fund with the first XRPL liquidity fund share class.

👎 Bitcoin Posted Its Weakest Spot Trading Volume Since 2023. Here´s Why I´m Not Concerned About Bitcoin
– Bitcoin posted its weakest spot trading session in over a year, with a 3.5% drop in price.

👎 Peter Schiff Warns Bitcoin Faces Bigger Selloff Beyond Tech Rout
– Peter Schiff warns that Bitcoin faces a 50% drop in value.

👎 Coinbase Swings to Loss on Weak Crypto Market
– Coinbase swings to a loss due to a weak crypto market, with revenue declining 46% year-over-year.

Factors Driving the Growth – Market Sentiment

Positive Terms – Sentiment Analysis

Negative Terms – Sentiment Analysis

Crypto Investor Fear & Greed Index

The crypto market is in ‘Fear’ on July 31, according to multiple indicators. Alternative.me, BitcoinMagazinePro.com, BitDegree.org, and Milkroad.com all reported 25pt, putting the market at the low end of the fear spectrum and near extreme fear. Coinstats.app showed slightly higher readings, from 36pt to 39pt on July 31, still in the ‘Fear’ category. Fear is clearly rising, with values dropping from 29pt on July 29 to 25pt on July 31 for several sources, along with -3pt or -4pt variations on the latest date.

Bitcoin: Active Addresses

Bitcoin address indicators show steady growth in total addresses, reaching 1,531,433,491 by July 31 at 07:00:00, according to bitaps.com. Zero Balance Addresses also climbed to 1,474,546,418 at the same time. Bitcoin Active Addresses, reported by btc.com, jumped 1.51% to 722,437 on July 31 at 07:00:00. While total addresses grow, holdings among larger wallets show minor declines or stability. For instance, addresses with over 0.1 BTC fell -0.02% to 3,551,759, and those with over 1 BTC slipped -0.01% to 828,468 on July 31 at 07:00:00. This points to a slight shift in how holdings are distributed.

Economic events to move the cryptocurrency market

The global financial market saw several high-impact economic events on July 30, including Jobless Claims (Initial Claims – Change, Initial Claims – Level, 4-Week Moving Average), GDP Quarter over Quarter – Annual Rate, and various Personal Income and Outlays reports (PCE Price Index – M/M, Core PCE Price Index – Y/Y, Personal Consumption Expenditures – M/M). These events can heavily sway investor sentiment across all markets, crypto included. For July 31, moderate-impact events are on the calendar: the Consumer Sentiment Index at 14:00:00 and the Chicago PMI Index at 13:45:00. The market will watch these releases for more clues on economic health and how they might affect asset prices.

Crypto Assets Prices

Bitcoin’s price on July 31 at 07:30:00 was $64,000.00, down -0.10% in price and -0.04% over 24 hours. This came after a larger -0.70% price drop on July 30. Ethereum’s price on July 30 at 07:30:00 hit $1,905.42, with a -0.69% price variation. Binance Coin, however, gained 0.70% to $575.18 on the same day. Bitcoin’s 24-hour volatility fell -0.10% to 2.23% on July 31 at 07:30:00, signaling calmer price swings.

Cryptocurrency Capitalization and Volume

On July 31 at 00:00:00, Bitcoin held its top market cap at $1,299,452,903,845, with a 24-hour volume of $26,385,898,062. Ethereum followed, with a $231,524,698,944 cap and $7,268,211,517 volume. Tether, a stablecoin, had a $183,820,104,340 cap but saw the highest volume at $39,982,854,299. Ripple and Binance Coin posted capitalizations of $67,700,708,004 and $78,791,271,442 respectively. All these major cryptos reported 0.00% variation in both cap and volume for the date, suggesting a stable market presence.

Cryptocurrency Exchanges Volume and Variation

Binance still leads major crypto exchanges in trading volume, hitting 94,698 on July 31 at 00:00:00. Other big players like Coinbase, Bybit, OKX, Gate.io, Kraken, and KuCoin all posted solid volumes between 14,516 and 17,116 on the same day. Smaller platforms, Binance US and Bitfinex, reported lower volumes of 126 and 1,400 respectively. All exchanges listed showed 0.00% variation in their volumes for July 31, pointing to steady trading activity.

Mining – Blockchain Technology

Bitcoin’s mining network shows stable growth in its operations. On July 31, mining difficulty held at 126.23T, with no change, meaning a consistent challenge for miners. Mined blocks hit 960.32K, a slight 0.06% increase. The reward per BTC block stayed flat at 3.13 BTC, with 0.00% variation. The network’s hash rate, a measure of its computing power, climbed 2.64% to 954.51B GB. This hash rate jump points to ongoing investment in mining and a strong, secure network, even as other metrics stay steady.

Taking stock

The crypto market is in a cautious phase, with the Fear & Greed Index sitting in ‘Fear’ territory, between 25pt and 39pt on July 31. This shows up in Bitcoin’s slight price dip to $64,000.00 and lower 24-hour volatility. While Bitcoin and Ethereum prices saw minor drops, the network’s health stays strong.

Bitcoin’s active addresses climbed 1.51% to 722,437, and the hash rate rose 2.64% to 954.51B GB. This signals steady user engagement and network security. Such strong fundamentals push back against the current fear.

The market is also digesting mixed news. Positive developments for XRP and Ripple, like ETF inflows and Aviva’s tokenized fund, stand against warnings of Bitcoin selloffs and Coinbase’s reported loss. This mix of catalysts, plus stable market caps and exchange volumes, creates a complex environment: caution alongside signs of underlying strength.

So What

The ‘Fear’ sentiment, with the Fear & Greed Index at 25pt to 39pt on July 31, means market participants are likely cautious. This could lead to less buying or more profit-taking, pushing Bitcoin’s price slightly down to $64,000.00. Bitcoin’s 24-hour volatility also fell -0.10% to 2.23%. So while fear is present, sharp price swings might be less common right now.

For today’s market watchers, Bitcoin’s active addresses climbing to 722,437 and the hash rate rising to 954.51B GB show a healthy, growing network, despite short-term price action. This points to strong long-term fundamentals.

Mixed news, especially positive developments for XRP like ETF inflows and Aviva’s tokenized fund, alongside concerns like Coinbase’s loss and Bitcoin selloff warnings, shows a selective market. Some assets are catching positive catalysts, while others face headwinds. A nuanced view of the market is key.

What next?

Over the next 8 hours, market participants should watch the moderate-impact economic events scheduled for July 31. The Consumer Sentiment Index at 14:00:00 and the Chicago PMI Index at 13:45:00 could shift broader market sentiment, potentially impacting crypto prices.

Bitcoin’s $64,000.00 price level is key to watch; trading below it could deepen the ‘Fear’ sentiment, while a move above might signal a short-term rebound. Any big shifts in the Fear & Greed Index, especially if it falls below 25pt into extreme fear, would mean rising market anxiety.

Also, keep an eye on any major changes in Bitcoin’s active addresses or hash rate. A sudden drop in these metrics, which have recently grown, could signal a shift in network participation or confidence.

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.