πŸ“ƒ Jun 14, 2024 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

The cryptocurrency market is currently showing a neutral sentiment with a slight upward trend. Based on the analysis of the latest data, there are several positive indicators that suggest a potential upward movement in the market within the next 8 hours. However, it should be noted that market trends can be highly volatile, and investors should exercise caution when making investment decisions.

What is important

The current state of the cryptocurrency market is influenced by various factors, including market capitalization, trading volumes, economic events, and price movements of major cryptocurrencies. These factors provide insights into the overall sentiment and direction of the market. Investors should pay attention to key indicators such as positive and negative keywords, fear and greed indicators, Bitcoin address indicators, economic events, prices, market capitalizations, and exchange data to make informed investment decisions.

Top 5 – Latest Headlines & Cryptocurrency News

  1. MicroStrategy to Raise $500M To Buy More Bitcoin– MicroStrategy plans to raise $500M to purchase more Bitcoin.
  2. Dogecoin Investors Shift to New Bitcoin ICO, Targetting 1,000% Returns– Dogecoin investors are shifting their focus to a new Bitcoin ICO that promises 1000% returns.
  3. Bitcoin Primed To Skyrocket by Over 45%, According to Crypto Trader – Here’s the Timeline– Bitcoin is expected to surge by over 45% according to a crypto trader, with a timeline provided.
  4. Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects– Paradigm secures $850 million for third crypto fund, targeting early-stage projects.
  5. UwU Lend Suffers Another Hack, Losing $3.7M– UWU Lend has suffered another hack, resulting in a loss of $3.7 million.

Factors DrivingΒ the Growth – Market Sentiment

The analysis of positive and negative keywords reveals that investors are currently showing interest in Bitcoin, MicroStrategy, cryptocurrency market, Coinbase, and Ethereum. On the negative side, concerns are raised about Bitcoin miners, hack incidents, Uwu Lend, and cybersecurity. These keywords provide valuable insights into the market sentiment and topics of interest among investors.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
27bitcoin
13microstrategy
9cryptocurrency market
6coinbase
6ethereum
4$850 million
4cardano
4cryptocurrency
4paradigm
4ton coin

Negative Terms – Sentiment Analysis

OccurrencesKeyword
8uwu lend
6bitcoin miners
5bitcoin
5cryptocurrency market
4flowbank
4hack
3$3.7 million
3bankruptcy
3crv
3cryptocurrency

Crypto Investor Fear & Greed Index

The Fear and Greed Indicators table shows the sentiment levels in the cryptocurrency market. Currently, the indicators suggest a moderate level of fear and greed, with neither extreme fear nor extreme greed prevailing. This indicates a cautious yet optimistic outlook among investors.

DateValueVariationSource
2024-06-14 00:00:0070pt0ptAlternative.me
2024-06-14 00:00:0074pt4ptAlternative.me
2024-06-13 00:00:0070pt-2ptAlternative.me
2024-06-13 00:00:0072pt0ptAlternative.me
2024-06-12 00:00:0072pt-2ptAlternative.me
2024-06-12 00:00:0074pt0ptAlternative.me
2024-06-14 00:00:0070pt-2ptBitDegree.org
2024-06-13 00:00:0072pt-2ptBitDegree.org
2024-06-12 00:00:0074pt0ptBitDegree.org
2024-06-14 08:00:0067pt1ptBtcTools.io
2024-06-14 00:00:0066pt-2ptBtcTools.io
2024-06-13 08:00:0068pt-2ptBtcTools.io
2024-06-13 00:00:0070pt-3ptBtcTools.io
2024-06-12 16:00:0073pt-1ptBtcTools.io
2024-06-12 08:00:0074pt2ptBtcTools.io
2024-06-12 00:00:0072pt1ptBtcTools.io
2024-06-11 16:00:0071pt0ptBtcTools.io
2024-06-14 00:00:0070pt0ptCoinstats.app
2024-06-14 00:00:0074pt4ptCoinstats.app
2024-06-13 00:00:0070pt-2ptCoinstats.app
2024-06-13 00:00:0072pt0ptCoinstats.app
2024-06-12 00:00:0072pt-2ptCoinstats.app
2024-06-12 00:00:0074pt0ptCoinstats.app
2024-06-14 00:00:0070pt0ptLookIntoBitcoin.com
2024-06-14 00:00:0074pt4ptLookIntoBitcoin.com
2024-06-13 00:00:0070pt-2ptLookIntoBitcoin.com
2024-06-13 00:00:0072pt0ptLookIntoBitcoin.com
2024-06-12 00:00:0072pt-2ptLookIntoBitcoin.com
2024-06-12 00:00:0074pt0ptLookIntoBitcoin.com

Bitcoin: Active Addresses

The Bitcoin Address Indicators table provides insights into the active addresses and wallet balances in the Bitcoin network. The data reflects a steady number of addresses with varying balance values. It is important to note that these indicators alone may not provide a complete picture of Bitcoin’s performance, and additional analysis is required.

DateAddressesVariationIndicatorSource
2024-06-14 08:00:001,297,918,3190.00%Total Addressesbitaps.com
2024-06-14 08:00:001,244,764,5350.00%Zero Balance Addressesbitaps.com
2024-06-14 08:00:00587,855-3.04%Bitcoin Active Addressesbtc.com
2024-06-14 08:00:00540,7600.00%Addresses with over 0bitaps.com
2024-06-14 08:00:00219,3750.00%Addresses with over 0.0000001bitaps.com
2024-06-14 08:00:003,463,7390.01%Addresses with over 0.000001bitaps.com
2024-06-14 08:00:0010,349,2810.01%Addresses with over 0.00001bitaps.com
2024-06-14 08:00:0013,886,1390.02%Addresses with over 0.0001bitaps.com
2024-06-14 08:00:0012,052,9060.00%Addresses with over 0.001bitaps.com
2024-06-14 08:00:008,079,932-0.01%Addresses with over 0.01bitaps.com
2024-06-14 08:00:003,550,2120.00%Addresses with over 0.1bitaps.com
2024-06-14 08:00:00858,6900.00%Addresses with over 1bitaps.com
2024-06-14 08:00:00136,8920.01%Addresses with over 10bitaps.com
2024-06-14 08:00:0013,7820.04%Addresses with over 100bitaps.com
2024-06-14 08:00:001,9700.00%Addresses with over 1,000bitaps.com
2024-06-14 08:00:001030.00%Addresses with over 10,000bitaps.com
2024-06-14 08:00:0030.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The Economic Events table highlights various events that can impact the cryptocurrency market. These events include economic reports, central bank speeches, and other significant developments. Investors should monitor these events as they can influence market sentiment and potentially lead to price fluctuations.

DateImpactEvent
2024-06-14 19:30:00ModerateEUR – CFTC EUR speculative net positions
2024-06-14 19:30:00ModerateJPY – CFTC JPY speculative net positions
2024-06-14 19:30:00ModerateBRL – CFTC BRL speculative net positions
2024-06-14 19:30:00ModerateAUD – CFTC AUD speculative net positions
2024-06-14 19:30:00ModerateUSD – CFTC S&P 500 speculative net positions
2024-06-14 19:30:00ModerateUSD – CFTC Nasdaq 100 speculative net positions
2024-06-14 19:30:00ModerateUSD – CFTC Gold speculative net positions
2024-06-14 19:30:00ModerateUSD – CFTC Crude Oil speculative net positions
2024-06-14 19:30:00ModerateGBP – CFTC GBP speculative net positions
2024-06-14 17:30:00ModerateEUR – ECB President Lagarde Speaks
2024-06-14 17:00:00ModerateUSD – U.S. Baker Hughes Total Rig Count
2024-06-14 17:00:00ModerateUSD – U.S. Baker Hughes Oil Rig Count
2024-06-14 16:00:00ModerateRUB – GDP Quarterly (YoY)
2024-06-14 16:00:00ModerateRUB – CPI (MoM) (May)
2024-06-14 16:00:00ModerateRUB – CPI (YoY) (May)
2024-06-14 15:00:00HighUSD – Fed Monetary Policy Report
2024-06-14 14:00:00ModerateUSD – Michigan Consumer Sentiment (Jun)
2024-06-14 14:00:00ModerateUSD – Michigan Consumer Expectations (Jun)
2024-06-14 14:00:00ModerateUSD – Michigan 5-Year Inflation Expectations (Jun)
2024-06-14 14:00:00ModerateUSD – Michigan 1-Year Inflation Expectations (Jun)
2024-06-14 14:00:00ModerateConsumer Sentiment Index
2024-06-14 14:00:00ModerateConsumer Sentiment Year-ahead Inflation Expectations
2024-06-14 13:30:00ModerateEUR – ECBΒ΄s Schnabel Speaks
2024-06-14 12:30:00ModerateCAD – Wholesale Sales (MoM) (Apr)
2024-06-14 12:30:00ModerateUSD – Import Price Index (MoM) (May)
2024-06-14 12:30:00ModerateUSD – Export Price Index (MoM) (May)
2024-06-14 12:30:00ModerateImport and Export Prices Export Prices – M/M
2024-06-14 12:30:00ModerateImport and Export Prices Import Prices – Y/Y
2024-06-14 12:30:00ModerateImport and Export Prices Export Prices – Y/Y
2024-06-14 12:30:00ModerateImport and Export Prices Import Prices – M/M
2024-06-14 11:00:00ModerateCNY – New Loans (May)
2024-06-14 10:00:00ModerateEUR – Eurogroup Meetings
2024-06-14 09:00:00ModerateEUR – Trade Balance (Apr)
2024-06-14 09:00:00ModerateEUR – ECBΒ΄s Lane Speaks
2024-06-14 09:00:00ModerateEUR – ECBΒ΄s De Guindos Speaks
2024-06-14 06:45:00ModerateEUR – French HICP (MoM) (May)
2024-06-14 06:45:00ModerateEUR – French CPI (MoM) (May)
2024-06-14 06:30:00ModerateJPY – BoJ Press Conference
2024-06-14 06:30:00ModerateINR – WPI Inflation (YoY) (May)
2024-06-14 04:30:00ModerateJPY – Industrial Production (MoM) (Apr)
2024-06-14 03:30:00HighJPY – BoJ Interest Rate Decision
2024-06-14 03:25:00HighJPY – BoJ Interest Rate Decision
2024-06-14 03:00:00HighJPY – BoJ Interest Rate Decision
2024-06-14 02:30:00ModerateJPY – BoJ Monetary Policy Statement
2024-06-13 22:30:00ModerateNZD – Business NZ PMI (May)
2024-06-13 20:30:00ModerateUSD – FedΒ΄s Balance Sheet
2024-06-13 17:00:00ModerateCAD – BoC Gov Macklem Speaks
2024-06-13 17:00:00HighUSD – 30-Year Bond Auction
2024-06-13 16:00:00ModerateUSD – Treasury Secretary Yellen Speaks
2024-06-13 16:00:00ModerateUSD – FOMC Member Williams Speaks
2024-06-13 14:30:00ModerateEIA Natural Gas Report Week over Week
2024-06-13 13:35:00ModerateCAD – BoC Deputy Gov Kozicki Speaks
2024-06-13 13:30:00ModerateEUR – ECBΒ΄s Schnabel Speaks
2024-06-13 12:30:00HighUSD – PPI (MoM) (May)
2024-06-13 12:30:00HighUSD – Initial Jobless Claims
2024-06-13 12:30:00ModerateUSD – Core PPI (MoM) (May)
2024-06-13 12:30:00ModerateUSD – Continuing Jobless Claims
2024-06-13 12:30:00HighPPI-Final Demand Ex-Food & Energy – M/M
2024-06-13 12:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – M/M
2024-06-13 12:30:00HighJobless Claims Initial Claims – Level
2024-06-13 12:30:00HighPPI-Final Demand PPI-FD – M/M
2024-06-13 12:30:00HighJobless Claims 4-Week Moving Average
2024-06-13 12:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – Y/Y
2024-06-13 12:30:00HighPPI-Final Demand PPI-FD – Y/Y
2024-06-13 12:30:00HighPPI-Final Demand Ex-Food & Energy – Y/Y
2024-06-13 12:30:00HighJobless Claims Initial Claims – Change
2024-06-13 12:00:00ModerateBRL – Retail Sales (YoY) (Apr)
2024-06-13 12:00:00ModerateBRL – Retail Sales (MoM) (Apr)
2024-06-13 11:00:00ModerateCNY – New Loans (May)
2024-06-13 10:00:00ModerateEUR – Eurogroup Meetings
2024-06-13 09:00:00ModerateEUR – Industrial Production (MoM) (Apr)
2024-06-13 09:00:00ModerateEUR – ECBΒ΄s Lane Speaks
2024-06-13 09:00:00ModerateEUR – ECBΒ΄s De Guindos Speaks

Crypto Assets Prices

The Prices table showcases the price movements and volatility of major cryptocurrencies. Based on the data, Bitcoin and Ethereum have experienced slight price variations within the last 24 hours. It is important to track price trends and volatility as they can indicate market sentiment and potential trading opportunities.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-06-14 08:15:00Bitcoin67,188.90-0.72%-0.56-0.97%3.32-1.21%
2024-06-13 08:15:00Bitcoin67,669.840.20%0.410.39%4.522.08%
2024-06-12 08:15:00Bitcoin67,532.640.26%0.022.95%2.44-1.89%
2024-06-13 08:15:00Ethereum3,510.17-0.57%-0.28-0.16%5.261.84%
2024-06-12 08:15:00Ethereum3,530.030.61%-0.124.31%3.42-2.55%
2024-06-14 08:15:00Binance Coin608.80-0.11%0.481.18%2.74-2.81%
2024-06-13 08:15:00Binance Coin609.50-1.15%-0.70-1.44%5.551.15%
2024-06-12 08:15:00Binance Coin616.500.18%0.745.59%4.40-2.91%

CryptocurrencyΒ Capitalization and Volume

The Market Capitalizations and Volumes table presents the total market capitalization and trading volumes of major cryptocurrencies. The data shows fluctuations in capitalization and volume, which can be used to assess market liquidity and investor participation. Investors should consider these factors when evaluating the overall market dynamics.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-06-14 00:00:00Binance Coin92,296,382,371-3.10%1,148,546,321-26.88%
2024-06-13 00:00:00Binance Coin95,249,996,6232.99%1,570,704,330-28.19%
2024-06-12 00:00:00Binance Coin92,483,600,937-3.63%2,187,230,640-5.19%
2024-06-14 00:00:00Bitcoin1,317,161,415,435-2.09%29,584,419,173-18.18%
2024-06-13 00:00:00Bitcoin1,345,316,951,0081.33%36,158,564,348-6.12%
2024-06-12 00:00:00Bitcoin1,327,665,028,180-3.05%38,517,098,10795.10%
2024-06-14 00:00:00Ethereum417,151,499,335-2.47%14,204,538,479-16.54%
2024-06-13 00:00:00Ethereum427,726,666,0931.78%17,018,992,104-13.17%
2024-06-12 00:00:00Ethereum420,251,663,394-4.60%19,600,343,375121.61%
2024-06-14 00:00:00Tether112,494,742,9360.02%48,300,315,77123.47%
2024-06-13 00:00:00Tether112,471,794,8640.00%39,119,609,757-37.08%
2024-06-12 00:00:00Tether112,470,603,6850.04%62,171,566,387181.71%

Cryptocurrency Exchanges Volume and Variation

The Exchanges table provides insights into the trading volumes and variations of major cryptocurrency exchanges. By analyzing this data, investors can gain an understanding of the market activity and the preferences of traders. It is important to monitor exchange data to identify potential trends and assess market sentiment.

DateExchangeVolumeVariation
2024-06-14 00:00:00Binance242,447-21.83%
2024-06-13 00:00:00Binance310,171-4.91%
2024-06-12 00:00:00Binance326,20179.11%
2024-06-14 00:00:00Binance US138-33.01%
2024-06-13 00:00:00Binance US206-8.85%
2024-06-12 00:00:00Binance US226107.34%
2024-06-14 00:00:00Bitfinex1,637-45.23%
2024-06-13 00:00:00Bitfinex2,989-27.08%
2024-06-12 00:00:00Bitfinex4,099191.12%
2024-06-14 00:00:00Bybit70,730-16.64%
2024-06-13 00:00:00Bybit84,846-6.78%
2024-06-12 00:00:00Bybit91,02091.08%
2024-06-14 00:00:00Coinbase32,540-24.52%
2024-06-13 00:00:00Coinbase43,112-6.87%
2024-06-12 00:00:00Coinbase46,293128.04%
2024-06-14 00:00:00Crypto.com17,2637.27%
2024-06-13 00:00:00Crypto.com16,093-28.61%
2024-06-12 00:00:00Crypto.com22,542114.22%
2024-06-14 00:00:00Gate.io46,647-19.25%
2024-06-13 00:00:00Gate.io57,764-2.00%
2024-06-12 00:00:00Gate.io58,94282.49%
2024-06-14 00:00:00Kraken9,205-26.93%
2024-06-13 00:00:00Kraken12,597-7.50%
2024-06-12 00:00:00Kraken13,61946.69%
2024-06-14 00:00:00KuCoin10,563-22.81%
2024-06-13 00:00:00KuCoin13,684-0.78%
2024-06-12 00:00:00KuCoin13,79288.16%
2024-06-14 00:00:00OKX34,593-26.81%
2024-06-13 00:00:00OKX47,267-10.92%
2024-06-12 00:00:00OKX53,064123.93%

Mining – Blockchain Technology

The Mining table offers insights into the mining difficulty, block rewards, and hash rate in the cryptocurrency market. These factors reflect the computational power and efficiency of mining operations. It is crucial to consider mining data as it can impact network security and the supply of newly minted coins.

Item2024-06-142024-06-132024-06-122024-06-112024-06-102024-06-092024-06-08
Difficulty83.72T83.72T83.72T83.72T83.72T83.72T83.72T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%-0.79%
Blocks847.83K847.69K847.54K847.42K847.28K847.12K846.95K
Blocks Variation0.02%0.02%0.01%0.02%0.02%0.02%0.02%
Reward BTC3.133.133.133.133.133.133.13
Reward BTC Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Hash Rate GB528.52B565.97B516.04B549.33B607.59B699.15B590.94B
Hash Rate GB Variation-6.62%9.68%-6.06%-9.59%-13.10%18.31%314.36%

Conclusion

In conclusion, the current state of the cryptocurrency market suggests a neutral sentiment with a potential upward trend. Analyzing various factors such as positive and negative keywords, fear and greed indicators, Bitcoin address indicators, economic events, prices, market capitalizations, and exchange data provides valuable insights into the market sentiment and potential trading opportunities. However, it is crucial for investors to conduct thorough analysis and exercise caution due to the market’s inherent volatility.

So What

The current state of the cryptocurrency market has practical implications for investors. It is essential to stay informed about market trends, monitor key indicators, and make well-informed investment decisions. Additionally, investors should diversify their portfolios, manage risk effectively, and stay updated with the latest news and developments in the cryptocurrency space.

What next?

Looking ahead, the cryptocurrency market is expected to continue its dynamic nature. Market participants should closely monitor key factors such as regulations, technological advancements, economic events, and investor sentiment. As the market evolves, it presents opportunities for innovation and growth, but also carries potential risks. Adapting to changing market conditions and staying informed will be crucial for investors seeking to navigate the 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.

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