Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market is currently experiencing a neutral/trending up trend, with evidence suggesting potential positive movements in the next 8 hours. The analysis is based on recent data and market indicators.
What is important
In the current state of the cryptocurrency market, several key points are essential to understanding its dynamics. These include the positive and negative sentiment keywords mentioned in the news, the fear and greed indicators, economic events, prices, market capitalizations and volumes, exchanges, mining indicators, and important news.
Top 5 – Latest Headlines & Cryptocurrency News
- Charles Hoskinson Reveals the Biggest Event in Cardano (ADA) History– Charles Hoskinson reveals the biggest event in Cardano (ADA) history: Notcoin. Not whales flock to a new good crypto to buy.
- Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users– Itau Unibanco, the largest bank in Brazil, has opened cryptocurrency trading to all users.
- Axelar price surges amid new Ripple partnership– Axelar’s price surges due to a new partnership with Ripple.
- Ripple bids for dominance in Asia with new blockchain fund– Ripple aims to dominate Asia with a new blockchain fund.
- MicroStrategy Stock Surges 132%, Outshines Bitcoin, Tesla and Block– MicroStrategy stock surges 132% outshining Bitcoin, Tesla, and Block.
Factors Driving the Growth – Market Sentiment
The analysis of the positive and negative sentiment keywords reveals mixed sentiment in the news. While some keywords indicate positive developments and market activities, others suggest potential concerns and challenges. It is important to monitor these keywords to gain insights into market sentiment.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 26 | bitcoin |
| 11 | ethereum |
| 9 | ripple |
| 5 | surge |
| 4 | bitcoin mining |
| 4 | buy |
| 4 | cryptocurrency market |
| 4 | meme coin |
| 4 | price |
| 4 | shiba inu |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 11 | bitcoin |
| 4 | dogwifhat |
| 3 | bitcoin etfs |
| 3 | cpi data |
| 3 | crypto hacks |
| 3 | dogecoin |
| 3 | solana |
| 3 | us government |
| 3 | zksync |
| 2 | $19 billion |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators provide an overview of the overall sentiment in the cryptocurrency market. The current values suggest a balanced sentiment with a slight leaning towards greed. This indicates a healthy level of optimism among investors, but caution should be exercised to avoid potential market volatility.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-06-12 00:00:00 | 72pt | -2pt | Alternative.me |
| 2024-06-12 00:00:00 | 74pt | 0pt | Alternative.me |
| 2024-06-11 00:00:00 | 72pt | 0pt | Alternative.me |
| 2024-06-11 00:00:00 | 74pt | 2pt | Alternative.me |
| 2024-06-10 00:00:00 | 72pt | -3pt | Alternative.me |
| 2024-06-10 00:00:00 | 75pt | 0pt | Alternative.me |
| 2024-06-12 00:00:00 | 74pt | 2pt | BitDegree.org |
| 2024-06-11 00:00:00 | 72pt | -3pt | BitDegree.org |
| 2024-06-10 00:00:00 | 75pt | 0pt | BitDegree.org |
| 2024-06-12 08:00:00 | 74pt | 2pt | BtcTools.io |
| 2024-06-12 00:00:00 | 72pt | 1pt | BtcTools.io |
| 2024-06-11 16:00:00 | 71pt | -1pt | BtcTools.io |
| 2024-06-11 00:00:00 | 72pt | 3pt | BtcTools.io |
| 2024-06-10 16:00:00 | 69pt | -3pt | BtcTools.io |
| 2024-06-10 08:00:00 | 72pt | -1pt | BtcTools.io |
| 2024-06-10 00:00:00 | 73pt | 1pt | BtcTools.io |
| 2024-06-09 16:00:00 | 72pt | 0pt | BtcTools.io |
| 2024-06-12 00:00:00 | 72pt | -2pt | Coinstats.app |
| 2024-06-12 00:00:00 | 74pt | 0pt | Coinstats.app |
| 2024-06-11 00:00:00 | 74pt | 2pt | Coinstats.app |
| 2024-06-10 00:00:00 | 72pt | -3pt | Coinstats.app |
| 2024-06-10 00:00:00 | 75pt | 0pt | Coinstats.app |
| 2024-06-12 00:00:00 | 72pt | -2pt | LookIntoBitcoin.com |
| 2024-06-12 00:00:00 | 74pt | 0pt | LookIntoBitcoin.com |
| 2024-06-11 00:00:00 | 72pt | 0pt | LookIntoBitcoin.com |
| 2024-06-11 00:00:00 | 74pt | 2pt | LookIntoBitcoin.com |
| 2024-06-10 00:00:00 | 72pt | -3pt | LookIntoBitcoin.com |
| 2024-06-10 00:00:00 | 75pt | 0pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
Bitcoin Address Indicators provide insights into the number of active addresses and the distribution of wallet balances. The data reveals fluctuations in wallet activity and address quantities based on balance values. Monitoring these indicators can help gauge market participation and potential trends in Bitcoin usage.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-06-12 14:00:00 | 1,297,471,004 | 0.00% | Total Addresses | bitaps.com |
| 2024-06-12 14:00:00 | 1,244,385,939 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-06-12 14:00:00 | 700,279 | 4.08% | Bitcoin Active Addresses | btc.com |
| 2024-06-12 14:00:00 | 540,760 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-06-12 14:00:00 | 219,375 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-06-12 14:00:00 | 3,459,152 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-06-12 14:00:00 | 10,335,274 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-06-12 14:00:00 | 13,833,632 | 0.02% | Addresses with over 0.0001 | bitaps.com |
| 2024-06-12 14:00:00 | 12,056,103 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-06-12 14:00:00 | 8,074,480 | 0.01% | Addresses with over 0.01 | bitaps.com |
| 2024-06-12 14:00:00 | 3,554,829 | 0.01% | Addresses with over 0.1 | bitaps.com |
| 2024-06-12 14:00:00 | 858,734 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-06-12 14:00:00 | 136,866 | -0.01% | Addresses with over 10 | bitaps.com |
| 2024-06-12 14:00:00 | 13,787 | 0.02% | Addresses with over 100 | bitaps.com |
| 2024-06-12 14:00:00 | 1,968 | -0.15% | Addresses with over 1,000 | bitaps.com |
| 2024-06-12 14:00:00 | 102 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-06-12 14:00:00 | 3 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
Economic events play a crucial role in shaping the cryptocurrency market. The analysis of recent events highlights important reports and announcements related to various economic indicators. Monitoring these events can provide insights into potential market movements and trends.
| Date | Impact | Event |
|---|---|---|
| 2024-06-13 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-06-13 12:30:00 | High | PPI-Final Demand Ex-Food & Energy – M/M |
| 2024-06-13 12:30:00 | High | PPI-Final Demand Ex-Food, Energy & Trade Services – M/M |
| 2024-06-13 12:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-06-13 12:30:00 | High | PPI-Final Demand PPI-FD – M/M |
| 2024-06-13 12:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-06-13 12:30:00 | High | PPI-Final Demand Ex-Food, Energy & Trade Services – Y/Y |
| 2024-06-13 12:30:00 | High | PPI-Final Demand PPI-FD – Y/Y |
| 2024-06-13 12:30:00 | High | PPI-Final Demand Ex-Food & Energy – Y/Y |
| 2024-06-13 12:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-06-12 23:50:00 | Moderate | JPY – BSI Large Manufacturing Conditions (Q2) |
| 2024-06-12 23:01:00 | Moderate | GBP – RICS House Price Balance (May) |
| 2024-06-12 22:45:00 | Moderate | NZD – Electronic Card Retail Sales (MoM) (May) |
| 2024-06-12 19:30:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-06-12 19:15:00 | Moderate | CAD – BoC Gov Macklem Speaks |
| 2024-06-12 18:30:00 | High | USD – FOMC Press Conference |
| 2024-06-12 18:00:00 | High | USD – Fed Interest Rate Decision |
| 2024-06-12 18:00:00 | High | USD – FOMC Statement |
| 2024-06-12 18:00:00 | High | USD – FOMC Economic Projections |
| 2024-06-12 18:00:00 | Moderate | USD – Interest Rate Projection – Longer (Q2) |
| 2024-06-12 18:00:00 | Moderate | USD – Interest Rate Projection – Current (Q2) |
| 2024-06-12 18:00:00 | Moderate | USD – Interest Rate Projection – 3rd Yr |
| 2024-06-12 18:00:00 | Moderate | USD – Interest Rate Projection – 2nd Yr (Q2) |
| 2024-06-12 18:00:00 | Moderate | USD – Interest Rate Projection – 1st Yr (Q2) |
| 2024-06-12 18:00:00 | Moderate | USD – Federal Budget Balance (May) |
| 2024-06-12 18:00:00 | Moderate | Treasury Statement Balance |
| 2024-06-12 16:00:00 | Moderate | USD – WASDE Report |
| 2024-06-12 14:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-06-12 14:30:00 | High | USD – Crude Oil Inventories |
| 2024-06-12 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-06-12 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-06-12 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-06-12 14:05:00 | Moderate | EUR – German Buba Mauderer Speaks |
| 2024-06-12 14:00:00 | Moderate | EUR – ECB Supervisory Board Member Tuominen Speaks |
| 2024-06-12 13:45:00 | Moderate | EUR – ECB McCaul Speaks |
| 2024-06-12 13:00:00 | Moderate | EUR – ECB´s De Guindos Speaks |
| 2024-06-12 12:30:00 | High | USD – CPI (MoM) (May) |
| 2024-06-12 12:30:00 | High | USD – CPI (YoY) (May) |
| 2024-06-12 12:30:00 | Moderate | USD – Core CPI (YoY) (May) |
| 2024-06-12 12:30:00 | High | USD – Core CPI (MoM) (May) |
| 2024-06-12 12:30:00 | High | CPI Ex-Food & Energy- M/M |
| 2024-06-12 12:30:00 | High | CPI CPI – Y/Y |
| 2024-06-12 12:30:00 | High | CPI CPI – M/M |
| 2024-06-12 12:30:00 | High | CPI Ex-Food & Energy- Y/Y |
| 2024-06-12 12:00:00 | Moderate | INR – CPI (YoY) (May) |
| 2024-06-12 12:00:00 | Moderate | GBP – NIESR Monthly GDP Tracker |
| 2024-06-12 11:30:00 | Moderate | EUR – German Buba Vice President Buch Speaks |
| 2024-06-12 11:00:00 | Moderate | GBP – NIESR Monthly GDP Tracker |
| 2024-06-12 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-06-12 09:50:00 | Moderate | EUR – German 10-Year Bund Auction |
| 2024-06-12 09:30:00 | Moderate | EUR – ECB´s Schnabel Speaks |
| 2024-06-12 09:30:00 | Moderate | EUR – German 10-Year Bund Auction |
| 2024-06-12 09:15:00 | Moderate | EUR – ECB Supervisory Board Member Tuominen Speaks |
| 2024-06-12 08:00:00 | Moderate | USD – IEA Monthly Report |
| 2024-06-12 07:00:00 | Moderate | EUR – German Buba Balz Speaks |
| 2024-06-12 06:00:00 | Moderate | EUR – German CPI (YoY) (May) |
| 2024-06-12 06:00:00 | High | EUR – German CPI (MoM) (May) |
| 2024-06-12 06:00:00 | Moderate | GBP – Trade Balance Non-EU (Apr) |
| 2024-06-12 06:00:00 | Moderate | GBP – Trade Balance (Apr) |
| 2024-06-12 06:00:00 | Moderate | GBP – Monthly GDP 3M/3M Change (Apr) |
| 2024-06-12 06:00:00 | Moderate | GBP – Manufacturing Production (MoM) (Apr) |
| 2024-06-12 06:00:00 | Moderate | GBP – Industrial Production (MoM) (Apr) |
| 2024-06-12 06:00:00 | High | GBP – GDP (MoM) (Apr) |
| 2024-06-12 01:30:00 | Moderate | CNY – PPI (YoY) (May) |
| 2024-06-12 01:30:00 | Moderate | CNY – CPI (YoY) (May) |
| 2024-06-12 01:30:00 | Moderate | CNY – CPI (MoM) (May) |
| 2024-06-11 20:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-06-11 17:00:00 | High | USD – 10-Year Note Auction |
| 2024-06-11 16:45:00 | Moderate | EUR – ECB´s Elderson Speaks |
| 2024-06-11 16:00:00 | Moderate | USD – EIA Short-Term Energy Outlook |
Crypto Assets Prices
The analysis of cryptocurrency prices indicates both positive and negative variations in the last 24 hours. Monitoring these price movements can help identify potential trading opportunities and gauge market sentiment.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-06-12 14:45:00 | Bitcoin | 69,743.99 | 3.85% | 4.33 | 8.06% | 5.95 | 0.50% |
| 2024-06-11 14:45:00 | Bitcoin | 67,060.38 | -3.76% | -3.73 | -3.86% | 5.45 | 4.46% |
| 2024-06-10 14:45:00 | Bitcoin | 69,579.99 | 0.17% | 0.13 | 0.13% | 0.99 | 0.05% |
| 2024-06-12 14:45:00 | Ethereum | 3,632.01 | 3.13% | 3.37 | 7.78% | 6.61 | 0.61% |
| 2024-06-11 14:45:00 | Ethereum | 3,518.48 | -4.43% | -4.41 | -3.92% | 6.00 | 3.84% |
| 2024-06-10 14:45:00 | Ethereum | 3,674.31 | -0.46% | -0.49 | -0.35% | 2.16 | 0.90% |
| 2024-06-12 14:45:00 | Binance Coin | 632.70 | 3.57% | 3.69 | 9.27% | 7.46 | -0.95% |
| 2024-06-11 14:45:00 | Binance Coin | 610.10 | -5.93% | -5.59 | -0.64% | 8.41 | 1.14% |
| 2024-06-10 14:45:00 | Binance Coin | 646.30 | -5.15% | -4.94 | -3.88% | 7.27 | 4.66% |
Cryptocurrency Capitalization and Volume
The analysis of market capitalizations and volumes reveals the performance and trading activity of major cryptocurrencies. Monitoring these indicators can provide insights into market trends and the overall demand for cryptocurrencies.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-06-12 00:00:00 | Binance Coin | 92,483,600,937 | -3.63% | 2,187,230,640 | -5.19% |
| 2024-06-11 00:00:00 | Binance Coin | 95,971,068,300 | -7.36% | 2,306,921,595 | 183.24% |
| 2024-06-10 00:00:00 | Binance Coin | 103,593,929,502 | -1.35% | 814,478,252 | -16.09% |
| 2024-06-12 00:00:00 | Bitcoin | 1,327,665,028,180 | -3.05% | 38,517,098,107 | 95.10% |
| 2024-06-11 00:00:00 | Bitcoin | 1,369,378,888,544 | -0.23% | 19,742,726,467 | 92.61% |
| 2024-06-10 00:00:00 | Bitcoin | 1,372,556,186,705 | 0.48% | 10,250,002,938 | -18.03% |
| 2024-06-12 00:00:00 | Ethereum | 420,251,663,394 | -4.60% | 19,600,343,375 | 121.61% |
| 2024-06-11 00:00:00 | Ethereum | 440,506,095,152 | -1.07% | 8,844,346,319 | 40.36% |
| 2024-06-10 00:00:00 | Ethereum | 445,276,601,430 | 0.65% | 6,301,031,437 | -15.88% |
| 2024-06-12 00:00:00 | Tether | 112,470,603,685 | 0.04% | 62,171,566,387 | 181.71% |
| 2024-06-11 00:00:00 | Tether | 112,426,710,109 | -0.02% | 22,069,161,391 | 63.72% |
| 2024-06-10 00:00:00 | Tether | 112,447,581,346 | 0.00% | 13,479,521,011 | -34.87% |
Cryptocurrency Exchanges Volume and Variation
The analysis of major exchanges demonstrates the trading volume and market capitalization trends across different platforms. Monitoring these exchanges can provide valuable insights into market liquidity and investor interest.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-06-12 00:00:00 | Binance | 326,201 | 79.11% |
| 2024-06-11 00:00:00 | Binance | 182,127 | 49.05% |
| 2024-06-10 00:00:00 | Binance | 122,190 | -24.45% |
| 2024-06-12 00:00:00 | Binance US | 226 | 107.34% |
| 2024-06-11 00:00:00 | Binance US | 109 | 47.30% |
| 2024-06-10 00:00:00 | Binance US | 74 | -21.28% |
| 2024-06-12 00:00:00 | Bitfinex | 4,099 | 191.12% |
| 2024-06-11 00:00:00 | Bitfinex | 1,408 | 17.73% |
| 2024-06-10 00:00:00 | Bitfinex | 1,196 | 19.36% |
| 2024-06-12 00:00:00 | Bybit | 91,020 | 91.08% |
| 2024-06-11 00:00:00 | Bybit | 47,635 | 61.58% |
| 2024-06-10 00:00:00 | Bybit | 29,480 | -19.41% |
| 2024-06-12 00:00:00 | Coinbase | 46,293 | 128.04% |
| 2024-06-11 00:00:00 | Coinbase | 20,300 | 88.47% |
| 2024-06-10 00:00:00 | Coinbase | 10,771 | -30.39% |
| 2024-06-12 00:00:00 | Crypto.com | 22,542 | 114.22% |
| 2024-06-11 00:00:00 | Crypto.com | 10,523 | 63.43% |
| 2024-06-10 00:00:00 | Crypto.com | 6,439 | -11.76% |
| 2024-06-12 00:00:00 | Gate.io | 58,942 | 82.49% |
| 2024-06-11 00:00:00 | Gate.io | 32,298 | 20.19% |
| 2024-06-10 00:00:00 | Gate.io | 26,873 | -10.23% |
| 2024-06-12 00:00:00 | Kraken | 13,619 | 46.69% |
| 2024-06-11 00:00:00 | Kraken | 9,284 | 137.87% |
| 2024-06-10 00:00:00 | Kraken | 3,903 | -8.74% |
| 2024-06-12 00:00:00 | KuCoin | 13,792 | 88.16% |
| 2024-06-11 00:00:00 | KuCoin | 7,330 | 33.88% |
| 2024-06-10 00:00:00 | KuCoin | 5,475 | -18.28% |
| 2024-06-12 00:00:00 | OKX | 53,064 | 123.93% |
| 2024-06-11 00:00:00 | OKX | 23,697 | 24.60% |
| 2024-06-10 00:00:00 | OKX | 19,019 | -29.10% |
Mining – Blockchain Technology
The analysis of mining indicators, including mining difficulty, mined blocks, block rewards, and hash rate, provides insights into the computational mining capacity and network performance. Monitoring these indicators can offer valuable information about the mining ecosystem and potential impacts on the cryptocurrency market.
| Item | 2024-06-12 | 2024-06-11 | 2024-06-10 | 2024-06-09 | 2024-06-08 | 2024-06-07 | 2024-06-06 |
|---|---|---|---|---|---|---|---|
| Difficulty | 83.72T | 83.72T | 83.72T | 83.72T | 83.72T | 84.38T | 84.38T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | -0.79% | 0.00% | 0.00% |
| Blocks | 847.54K | 847.42K | 847.28K | 847.12K | 846.95K | 846.81K | 846.68K |
| Blocks Variation | 0.01% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% |
| 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 | 516.04B | 549.33B | 607.59B | 699.15B | 590.94B | 142.62B | 37.75B |
| Hash Rate GB Variation | -6.06% | -9.59% | -13.10% | 18.31% | 314.36% | 277.78% | -89.02% |
Conclusion
In conclusion, the cryptocurrency market is currently exhibiting a neutral/trending up trend. Various indicators suggest positive movements in the next 8 hours, but caution should be exercised due to potential market volatility. Monitoring important factors such as sentiment keywords, fear and greed indicators, economic events, prices, market capitalizations and volumes, exchanges, mining indicators, and news can provide valuable insights for market participants.
So What
Considering the current state of the cryptocurrency market, it is crucial to stay informed and monitor market dynamics closely. Traders and investors should make careful decisions based on thorough analysis and a well-defined risk management strategy. It is important to assess both the positive and negative aspects of the market and make informed decisions.
What next?
Looking towards the near future, the cryptocurrency market is likely to continue experiencing volatility and uncertainty. The market’s direction will be influenced by factors such as regulatory developments, technological advancements, and macroeconomic trends. Traders and investors should closely follow market signals, watch for potential catalysts, and adapt their strategies accordingly.
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.
