Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market is currently showing a neutral trend with a slight upward movement. Based on the analysis of various data tables, there are positive indicators that suggest potential growth in the market over the next 8 hours. However, it is important to approach this analysis with caution and consider the potential risks involved. The evidence from the provided data and the confidence level in this analysis indicate a moderate level of reliability for the projected trend.
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 sentiments reflected in the ‘Positive Keywords’ and ‘Negative Keywords’ tables, the fear and greed indicators provided in the ‘Fear and Greed Indicators’ table, the active Bitcoin addresses and wallet balances reflected in the ‘Bitcoin Address Indicators’ table, the economic events listed in the ‘Economic Events’ table, the price movements and volatilities in the ‘Prices’ table, the market capitalizations and volumes of major cryptocurrencies and exchanges highlighted in the ‘Market Capitalizations and Volumes’ and ‘Exchanges’ tables, and the mining difficulty and hash rates found in the ‘Mining’ table.
Top 5 – Latest Headlines & Cryptocurrency News
- Ripple Introduces XRPL EVM Sidechain: Bringing Ethereum Virtual Machine Compatibility to XRP Ledger– Ripple introduces XRPL EVM sidechain, bringing Ethereum Virtual Machine compatibility to XRP Ledger.
- Grayscale Bitcoin ETF Records $121M Outflows Amid Falling Asset Price– Grayscale Bitcoin ETF has recorded $121 million outflows amid falling asset price.
- Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars– Japanese corporation MetaPlanet acquires more Bitcoin, stock price soars.
- Pepe Price Prediction: New Record High On The Horizon After Recent Surge?– Pepe cryptocurrency price predicted to reach a new record high after recent surge.
- XRP News Today: Ripple Brings Ethereum Virtual Machine (EVM) Capability On XRPL– Ripple brings Ethereum Virtual Machine compatibility to XRPL.
Factors Driving the Growth – Market Sentiment
The analysis of the ‘Positive Keywords’ and ‘Negative Keywords’ tables reveals the prevailing sentiments in recent news related to the cryptocurrency market. The positive keywords such as ‘bitcoin,’ ‘cryptocurrency market,’ ‘adoption,’ and ‘price’ indicate optimistic discussions surrounding the market. On the other hand, negative keywords like ‘crypto hacks,’ ‘outflows,’ and ‘bitcoin miners’ reflect concerns related to cybersecurity, market outflows, and potential impact on prices. These keyword frequencies suggest the need for a balanced perspective when assessing the overall market sentiment.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 24 | bitcoin |
| 8 | cryptocurrency market |
| 6 | pepe |
| 6 | price |
| 6 | ripple |
| 5 | solana |
| 4 | adoption |
| 4 | bitcoin mining |
| 4 | btc |
| 4 | circle |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 7 | bitcoin |
| 4 | dogwifhat |
| 3 | $19 billion |
| 3 | cpi data |
| 3 | crypto |
| 3 | crypto hacks |
| 3 | outflows |
| 2 | 13 years |
| 2 | bitcoin etfs |
| 2 | btc |
Crypto Investor Fear & Greed Index
The ‘Fear and Greed Indicators’ table provides valuable insights into the overall sentiment and market psychology in the cryptocurrency market. Based on the indicators which range from extreme fear to extreme greed, the market sentiment is currently in the range of fear to greed. While fear indicates a cautious outlook, the presence of greed suggests an appetite for growth and investment opportunities. This mixed sentiment may indicate a potential for moderate market fluctuations and the need for careful decision-making.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-06-13 00:00:00 | 70pt | -2pt | Alternative.me |
| 2024-06-13 00:00:00 | 72pt | 0pt | Alternative.me |
| 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 |
| 2024-06-13 00:00:00 | 72pt | -2pt | BitDegree.org |
| 2024-06-12 00:00:00 | 74pt | 2pt | BitDegree.org |
| 2024-06-11 00:00:00 | 72pt | 0pt | BitDegree.org |
| 2024-06-13 00:00:00 | 70pt | -3pt | BtcTools.io |
| 2024-06-12 16:00:00 | 73pt | -1pt | BtcTools.io |
| 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 | 0pt | BtcTools.io |
| 2024-06-13 00:00:00 | 70pt | -2pt | Coinstats.app |
| 2024-06-13 00:00:00 | 72pt | 0pt | Coinstats.app |
| 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 | 0pt | Coinstats.app |
| 2024-06-13 00:00:00 | 70pt | -2pt | LookIntoBitcoin.com |
| 2024-06-13 00:00:00 | 72pt | 0pt | LookIntoBitcoin.com |
| 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 |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table provides crucial information about the active addresses and wallet balances in the Bitcoin network. The variation in the number of active addresses and the quantities of wallet addresses with different balance values present both positive and negative trends. The fluctuations may be influenced by factors such as market dynamics and user activity. Analyzing these address indicators can provide insights into the level of network engagement and potential market trends in the Bitcoin ecosystem.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-06-12 23:00:00 | 1,297,583,629 | 0.00% | Total Addresses | bitaps.com |
| 2024-06-12 23:00:00 | 1,244,488,248 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-06-12 23:00:00 | 688,385 | 0.44% | Bitcoin Active Addresses | btc.com |
| 2024-06-12 23:00:00 | 540,761 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-06-12 23:00:00 | 219,375 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-06-12 23:00:00 | 3,459,678 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-06-12 23:00:00 | 10,335,920 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-06-12 23:00:00 | 13,845,701 | 0.01% | Addresses with over 0.0001 | bitaps.com |
| 2024-06-12 23:00:00 | 12,051,473 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-06-12 23:00:00 | 8,076,323 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-06-12 23:00:00 | 3,554,926 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-06-12 23:00:00 | 858,547 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-06-12 23:00:00 | 136,815 | -0.01% | Addresses with over 10 | bitaps.com |
| 2024-06-12 23:00:00 | 13,790 | -0.01% | Addresses with over 100 | bitaps.com |
| 2024-06-12 23:00:00 | 1,967 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-06-12 23:00:00 | 102 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-06-12 23:00:00 | 3 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table offers important information about significant events impacting the global financial market, including consumer sentiment indexes, import/export prices, and central bank speeches. These events can have a notable influence on market sentiment and investor confidence. Monitoring these economic events can provide valuable insights into the potential direction of the cryptocurrency market, as they reflect wider economic trends and policy decisions.
| Date | Impact | Event |
|---|---|---|
| 2024-06-14 14:00:00 | Moderate | Consumer Sentiment Index |
| 2024-06-14 14:00:00 | Moderate | Consumer Sentiment Year-ahead Inflation Expectations |
| 2024-06-14 12:30:00 | Moderate | Import and Export Prices Export Prices – M/M |
| 2024-06-14 12:30:00 | Moderate | Import and Export Prices Import Prices – Y/Y |
| 2024-06-14 12:30:00 | Moderate | Import and Export Prices Export Prices – Y/Y |
| 2024-06-14 12:30:00 | Moderate | Import and Export Prices Import Prices – M/M |
| 2024-06-13 22:30:00 | Moderate | NZD – Business NZ PMI (May) |
| 2024-06-13 20:30:00 | Moderate | USD – Fed´s Balance Sheet |
| 2024-06-13 17:00:00 | Moderate | CAD – BoC Gov Macklem Speaks |
| 2024-06-13 17:00:00 | High | USD – 30-Year Bond Auction |
| 2024-06-13 16:00:00 | Moderate | USD – Treasury Secretary Yellen Speaks |
| 2024-06-13 16:00:00 | Moderate | USD – FOMC Member Williams Speaks |
| 2024-06-13 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-06-13 13:35:00 | Moderate | CAD – BoC Deputy Gov Kozicki Speaks |
| 2024-06-13 13:30:00 | Moderate | EUR – ECB´s Schnabel Speaks |
| 2024-06-13 12:30:00 | High | USD – PPI (MoM) (May) |
| 2024-06-13 12:30:00 | High | USD – Initial Jobless Claims |
| 2024-06-13 12:30:00 | Moderate | USD – Core PPI (MoM) (May) |
| 2024-06-13 12:30:00 | Moderate | USD – Continuing Jobless Claims |
| 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 |
| 2024-06-13 12:00:00 | Moderate | BRL – Retail Sales (YoY) (Apr) |
| 2024-06-13 12:00:00 | Moderate | BRL – Retail Sales (MoM) (Apr) |
| 2024-06-13 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-06-13 09:00:00 | Moderate | EUR – Industrial Production (MoM) (Apr) |
| 2024-06-13 09:00:00 | Moderate | EUR – ECB´s Lane Speaks |
| 2024-06-13 09:00:00 | Moderate | EUR – ECB´s De Guindos Speaks |
| 2024-06-13 08:00:00 | Moderate | CNY – New Loans |
| 2024-06-13 07:00:00 | Moderate | EUR – Spanish HICP (YoY) (May) |
| 2024-06-13 07:00:00 | Moderate | EUR – Spanish CPI (YoY) (May) |
| 2024-06-13 06:30:00 | Moderate | CHF – PPI (MoM) (May) |
| 2024-06-13 01:30:00 | Moderate | AUD – Unemployment Rate (May) |
| 2024-06-13 01:30:00 | Moderate | AUD – Full Employment Change (May) |
| 2024-06-13 01:30:00 | Moderate | AUD – Employment Change (May) |
| 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) |
Crypto Assets Prices
The ‘Prices’ table illustrates the recent price movements and volatilities of major cryptocurrencies. These price fluctuations can be influenced by various factors such as market demand, investor sentiment, and external events. It is important to analyze these price variations in conjunction with other market indicators to gain a comprehensive understanding of the overall market trends and potential investment opportunities.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-06-13 00:15:00 | Bitcoin | 68,093.25 | 1.00% | 1.33 | 4.21% | 4.62 | -0.63% |
| 2024-06-12 00:15:00 | Bitcoin | 67,413.29 | -3.15% | -2.88 | -2.84% | 5.26 | 3.78% |
| 2024-06-11 00:15:00 | Bitcoin | 69,534.46 | 0.00% | -0.04 | -0.42% | 1.48 | 0.43% |
| 2024-06-12 00:15:00 | Ethereum | 3,504.18 | -4.75% | -4.33 | -3.71% | 6.94 | 5.00% |
| 2024-06-11 00:15:00 | Ethereum | 3,670.50 | -0.82% | -0.62 | -1.15% | 1.95 | 0.44% |
| 2024-06-12 00:15:00 | Binance Coin | 604.60 | -3.44% | -3.03 | 4.00% | 5.57 | -4.46% |
| 2024-06-11 00:15:00 | Binance Coin | 625.40 | -7.44% | -7.03 | -5.68% | 10.03 | 7.86% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table presents data on the total market capitalizations and trading volumes of major cryptocurrencies across various exchanges. By analyzing these figures, it is possible to gain insights into the overall market liquidity and investor interest in different digital assets. Understanding the market capitalization and volume trends can aid in assessing the level of market activity and identifying potential opportunities for investment.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-06-13 00:00:00 | Binance Coin | 95,249,996,623 | 2.99% | 1,570,704,330 | -28.19% |
| 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% |
| 2024-06-13 00:00:00 | Bitcoin | 1,345,316,951,008 | 1.33% | 36,158,564,348 | -6.12% |
| 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% |
| 2024-06-13 00:00:00 | Ethereum | 427,726,666,093 | 1.78% | 17,018,992,104 | -13.17% |
| 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% |
| 2024-06-13 00:00:00 | Tether | 112,471,794,864 | 0.00% | 39,119,609,757 | -37.08% |
| 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% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table provides information about the trading volumes and variations across major cryptocurrency exchanges. Analyzing these data points can offer insights into the trading activities and market sentiment on specific platforms. Monitoring exchange volumes and fluctuations can help identify market trends and gauge investor interest in different cryptocurrencies.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-06-13 00:00:00 | Binance | 310,171 | -4.91% |
| 2024-06-12 00:00:00 | Binance | 326,201 | 79.11% |
| 2024-06-11 00:00:00 | Binance | 182,127 | 49.05% |
| 2024-06-13 00:00:00 | Binance US | 206 | -8.85% |
| 2024-06-12 00:00:00 | Binance US | 226 | 107.34% |
| 2024-06-11 00:00:00 | Binance US | 109 | 47.30% |
| 2024-06-13 00:00:00 | Bitfinex | 2,989 | -27.08% |
| 2024-06-12 00:00:00 | Bitfinex | 4,099 | 191.12% |
| 2024-06-11 00:00:00 | Bitfinex | 1,408 | 17.73% |
| 2024-06-13 00:00:00 | Bybit | 84,846 | -6.78% |
| 2024-06-12 00:00:00 | Bybit | 91,020 | 91.08% |
| 2024-06-11 00:00:00 | Bybit | 47,635 | 61.58% |
| 2024-06-13 00:00:00 | Coinbase | 43,112 | -6.87% |
| 2024-06-12 00:00:00 | Coinbase | 46,293 | 128.04% |
| 2024-06-11 00:00:00 | Coinbase | 20,300 | 88.47% |
| 2024-06-13 00:00:00 | Crypto.com | 16,093 | -28.61% |
| 2024-06-12 00:00:00 | Crypto.com | 22,542 | 114.22% |
| 2024-06-11 00:00:00 | Crypto.com | 10,523 | 63.43% |
| 2024-06-13 00:00:00 | Gate.io | 57,764 | -2.00% |
| 2024-06-12 00:00:00 | Gate.io | 58,942 | 82.49% |
| 2024-06-11 00:00:00 | Gate.io | 32,298 | 20.19% |
| 2024-06-13 00:00:00 | Kraken | 12,597 | -7.50% |
| 2024-06-12 00:00:00 | Kraken | 13,619 | 46.69% |
| 2024-06-11 00:00:00 | Kraken | 9,284 | 137.87% |
| 2024-06-13 00:00:00 | KuCoin | 13,684 | -0.78% |
| 2024-06-12 00:00:00 | KuCoin | 13,792 | 88.16% |
| 2024-06-11 00:00:00 | KuCoin | 7,330 | 33.88% |
| 2024-06-13 00:00:00 | OKX | 47,267 | -10.92% |
| 2024-06-12 00:00:00 | OKX | 53,064 | 123.93% |
| 2024-06-11 00:00:00 | OKX | 23,697 | 24.60% |
Mining – Blockchain Technology
The ‘Mining’ table sheds light on the mining difficulty, mined blocks, block rewards, and hash rates in the cryptocurrency market. These metrics provide crucial insights into the computational mining capacity and the overall health of the blockchain networks. Monitoring mining activities and their respective variations can offer an understanding of the investment and operational potential within the mining sector.
| Item | 2024-06-13 | 2024-06-12 | 2024-06-11 | 2024-06-10 | 2024-06-09 | 2024-06-08 | 2024-06-07 |
|---|---|---|---|---|---|---|---|
| Difficulty | 83.72T | 83.72T | 83.72T | 83.72T | 83.72T | 83.72T | 84.38T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.79% | 0.00% |
| Blocks | 847.69K | 847.54K | 847.42K | 847.28K | 847.12K | 846.95K | 846.81K |
| Blocks Variation | 0.02% | 0.01% | 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 | 565.97B | 516.04B | 549.33B | 607.59B | 699.15B | 590.94B | 142.62B |
| Hash Rate GB Variation | 9.68% | -6.06% | -9.59% | -13.10% | 18.31% | 314.36% | 277.78% |
Conclusion
In conclusion, the cryptocurrency market is currently experiencing a neutral trend with a slight upward movement. Various indicators suggest potential growth in the market over the next 8 hours. The positive and negative sentiments reflected in keyword analysis, along with the fear and greed indicators, provide insights into market psychology. Additionally, monitoring economic events, price movements, market capitalizations, trading volumes, mining activities, and exchange variations enhances our understanding of the market dynamics. It is important to interpret these indicators cautiously and consider the potential risks involved.
So What
The current state of the cryptocurrency market carries practical implications for market participants. Investors should exercise caution and conduct thorough research before making any investment decisions. It is important to stay updated on the latest market news, closely monitor key indicators, and stay informed about regulatory developments. Managing risk and diversifying portfolios across different cryptocurrencies and exchanges can help navigate the market more effectively.
What next?
Looking ahead, it is crucial to continue monitoring market indicators, news developments, and economic events that can influence the cryptocurrency market. Blockchain technology and cryptocurrencies are still evolving, and their adoption continues to gain traction. Potential regulatory changes, investor sentiment shifts, and technological advancements will shape the future landscape of the cryptocurrency market. A comprehensive understanding of these factors and their potential impact is essential for making well-informed decisions in this dynamic 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.
