Crypto Market Analysis & Trend: Neutral/Trending Down
The cryptocurrency market has entered a phase of uncertainty and cautious sentiment over the past 8 hours. Bitcoin experienced a significant drop in price, which contributed to the overall negative trend. The negative sentiment is reflected in the occurrence of negative keywords such as ‘crash’ and ‘price’ being mentioned frequently in news articles. Additionally, several major cryptocurrencies, including Ethereum and Dogecoin, have seen a decline in their prices as well.
However, there are still positive sentiments to be found in the market. Memereum’s successful presale and the introduction of a new synthetic dollar backed by gold by Tether indicate continued interest and innovation in the cryptocurrency space. Furthermore, the anticipation of the potential launch of a dual Bitcoin and Ethereum ETF by Hashdex pending SEC approval could potentially boost market sentiment in the near future.
It is important to note that the analysis is based on the most recent data available as of the reference date. The presence of negative keywords and the downward trend suggest a level of caution and volatility in the market. However, it is essential to consider multiple factors and conduct further research before making any investment decisions in the cryptocurrency market.
What is important
The current state of the cryptocurrency market reflects a mix of both positive and negative factors. While there are several positive developments, including successful token sales and new product introductions, the market is currently experiencing a period of caution and volatility. The occurrence of negative keywords and the downward trend in prices suggests a less optimistic sentiment. Investors should carefully monitor the market and consider a diversified approach to their cryptocurrency holdings while conducting thorough research before making any investment decisions.
Top 5 – Latest Headlines & Cryptocurrency News
- Crypto Prices Today June 18: Bitcoin Nosedives To $65K, Ethereum Sinks 5% Amid Bearish Market– Bitcoin and Ethereum prices drop in a bearish cryptocurrency market.
- ETH Price Drops 5%, Ethereum ICO Whale Moves $20 Million of ETH to Kraken– The price of Ethereum (ETH) dropped 5% after a whale moved $20 million of ETH to Kraken.
- Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K– Dogecoin and Solana lead a plunge in the crypto market as Bitcoin falls below $66k.
- Warning: Fake Ripple Stablecoin Scam Targets XRPL Users– A fake Ripple stablecoin scam on the XRPL network has been exposed.
- Pepe Coin Whale Dumps 1 Tln Coins To Binance, Price Risks Further Dip?– A whale dumped 1 trillion Pepe coins on Binance, causing the price to potentially drop further.
Factors Driving the Growth – Market Sentiment
The analysis of the provided positive and negative keywords reveals interesting insights about the sentiment surrounding the cryptocurrency market. The most frequently mentioned positive keywords include ‘binance,’ ‘solana,’ and ‘ethereum,’ indicating positive market sentiment towards these cryptocurrencies. On the other hand, negative sentiment is associated with keywords such as ‘crash,’ ‘whale,’ and ‘scam.’ These findings suggest that there is a mix of positive and negative sentiment in the market, which aligns with the current trend of caution and volatility.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 20 | binance |
| 16 | cryptocurrency market |
| 13 | bitcoin |
| 6 | cryptocurrencies |
| 6 | cryptocurrency |
| 6 | solana |
| 5 | market |
| 5 | tether |
| 4 | ethereum |
| 4 | feature |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 18 | bitcoin |
| 7 | crash |
| 7 | dogecoin |
| 6 | cryptocurrency market |
| 5 | cryptocurrencies |
| 5 | price |
| 5 | whale |
| 4 | bitcoin price |
| 4 | coinbase |
| 4 | ethereum |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators table provided shows variations in sentiment within the cryptocurrency market. The indicators are categorized into different ranges, representing varying levels of fear and greed. Based on the dataset, the market sentiment predominantly falls within the fear and greed ranges, with some extreme greed indicators observed as well. This indicates a mix of cautious behavior and potential risk-taking among market participants. It is important to note that these indicators provide an overall snapshot of sentiment and should be considered alongside other factors when making investment decisions.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-06-18 00:00:00 | 74pt | 3pt | Alternative.me |
| 2024-06-17 00:00:00 | 71pt | 0pt | Alternative.me |
| 2024-06-16 00:00:00 | 71pt | -3pt | Alternative.me |
| 2024-06-16 00:00:00 | 74pt | 0pt | Alternative.me |
| 2024-06-18 00:00:00 | 74pt | 3pt | Binance.com |
| 2024-06-17 00:00:00 | 71pt | 0pt | Binance.com |
| 2024-06-16 00:00:00 | 71pt | -3pt | Binance.com |
| 2024-06-16 00:00:00 | 74pt | 0pt | Binance.com |
| 2024-06-18 00:00:00 | 74pt | 3pt | BitDegree.org |
| 2024-06-17 00:00:00 | 71pt | -3pt | BitDegree.org |
| 2024-06-16 00:00:00 | 74pt | 0pt | BitDegree.org |
| 2024-06-18 16:00:00 | 58pt | -4pt | BtcTools.io |
| 2024-06-18 00:00:00 | 62pt | -3pt | BtcTools.io |
| 2024-06-17 16:00:00 | 65pt | 1pt | BtcTools.io |
| 2024-06-17 08:00:00 | 64pt | -3pt | BtcTools.io |
| 2024-06-17 00:00:00 | 67pt | -2pt | BtcTools.io |
| 2024-06-16 16:00:00 | 69pt | 2pt | BtcTools.io |
| 2024-06-16 00:00:00 | 67pt | 0pt | BtcTools.io |
| 2024-06-18 00:00:00 | 74pt | 3pt | Coinstats.app |
| 2024-06-17 00:00:00 | 71pt | 0pt | Coinstats.app |
| 2024-06-16 00:00:00 | 71pt | 0pt | Coinstats.app |
| 2024-06-18 00:00:00 | 71pt | 0pt | LookIntoBitcoin.com |
| 2024-06-18 00:00:00 | 74pt | 3pt | LookIntoBitcoin.com |
| 2024-06-17 00:00:00 | 71pt | 0pt | LookIntoBitcoin.com |
| 2024-06-16 00:00:00 | 71pt | -3pt | LookIntoBitcoin.com |
| 2024-06-16 00:00:00 | 74pt | 0pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
The Bitcoin Address Indicators table provides insights into the activity and characteristics of Bitcoin addresses. The dataset includes the total number of addresses, their variations, and the corresponding indicators such as total addresses, zero balance addresses, and active addresses. These indicators help assess the overall activity and interest in Bitcoin. The data shows variations in the number of addresses and indicators over time, reflecting fluctuations in user participation and behavior. Monitoring these indicators can provide valuable insights into the current state of the Bitcoin network.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-06-18 23:00:00 | 1,299,063,011 | 0.00% | Total Addresses | bitaps.com |
| 2024-06-18 23:00:00 | 1,246,154,798 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-06-18 23:00:00 | 703,547 | 2.56% | Bitcoin Active Addresses | btc.com |
| 2024-06-18 23:00:00 | 540,764 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-06-18 23:00:00 | 219,376 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-06-18 23:00:00 | 3,470,407 | -0.01% | Addresses with over 0.000001 | bitaps.com |
| 2024-06-18 23:00:00 | 10,364,744 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-06-18 23:00:00 | 13,807,989 | -0.01% | Addresses with over 0.0001 | bitaps.com |
| 2024-06-18 23:00:00 | 11,904,960 | -0.01% | Addresses with over 0.001 | bitaps.com |
| 2024-06-18 23:00:00 | 8,047,495 | -0.01% | Addresses with over 0.01 | bitaps.com |
| 2024-06-18 23:00:00 | 3,541,494 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-06-18 23:00:00 | 858,160 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-06-18 23:00:00 | 136,967 | -0.01% | Addresses with over 10 | bitaps.com |
| 2024-06-18 23:00:00 | 13,789 | -0.01% | Addresses with over 100 | bitaps.com |
| 2024-06-18 23:00:00 | 1,962 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-06-18 23:00:00 | 103 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-06-18 23:00:00 | 3 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The Economic Events table highlights important events in the global financial market. These events have the potential to impact various aspects of the cryptocurrency market, including investor sentiment, market capitalization, and trading volumes. The dataset includes events related to housing market indices, trade balances, monetary policy meetings, industrial production, retail sales, and more. By analyzing these events and their potential implications, investors can gain a better understanding of the broader economic factors influencing the cryptocurrency market.
| Date | Impact | Event |
|---|---|---|
| 2024-06-19 14:00:00 | Moderate | Housing Market Index Index |
| 2024-06-18 23:50:00 | Moderate | JPY – Trade Balance (May) |
| 2024-06-18 23:50:00 | Moderate | JPY – Monetary Policy Meeting Minutes |
| 2024-06-18 23:50:00 | Moderate | JPY – Exports (YoY) (May) |
| 2024-06-18 23:50:00 | Moderate | JPY – Adjusted Trade Balance |
| 2024-06-18 22:45:00 | Moderate | NZD – Current Account (YoY) (Q1) |
| 2024-06-18 22:45:00 | Moderate | NZD – Current Account (QoQ) (Q1) |
| 2024-06-18 20:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-06-18 20:00:00 | Moderate | USD – TIC Net Long-Term Transactions (Apr) |
| 2024-06-18 20:00:00 | Moderate | Treasury International Capital Net Long-Term Securities Transactions |
| 2024-06-18 17:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q2) |
| 2024-06-18 17:00:00 | Moderate | USD – 20-Year Bond Auction |
| 2024-06-18 16:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q2) |
| 2024-06-18 14:00:00 | Moderate | USD – Retail Inventories Ex Auto (Apr) |
| 2024-06-18 14:00:00 | Moderate | USD – Business Inventories (MoM) (Apr) |
| 2024-06-18 14:00:00 | Moderate | Business Inventories Month over Month |
| 2024-06-18 13:30:00 | Moderate | EUR – ECB´s De Guindos Speaks |
| 2024-06-18 13:15:00 | Moderate | USD – Industrial Production (YoY) (May) |
| 2024-06-18 13:15:00 | Moderate | USD – Industrial Production (MoM) (May) |
| 2024-06-18 13:15:00 | High | Industrial Production Manufacturing Output – M/M |
| 2024-06-18 13:15:00 | High | Industrial Production Capacity Utilization Rate |
| 2024-06-18 13:15:00 | High | Industrial Production Industrial Production – M/M |
| 2024-06-18 12:30:00 | High | USD – Retail Sales (MoM) (May) |
| 2024-06-18 12:30:00 | Moderate | USD – Retail Control (MoM) (May) |
| 2024-06-18 12:30:00 | High | USD – Core Retail Sales (MoM) (May) |
| 2024-06-18 12:30:00 | High | Retail Sales Ex-Vehicles – M/M |
| 2024-06-18 12:30:00 | High | Retail Sales Ex-Vehicles & Gas – M/M |
| 2024-06-18 12:30:00 | High | Retail Sales Retail Sales – M/M |
| 2024-06-18 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-06-18 09:00:00 | Moderate | EUR – ZEW Economic Sentiment (Jun) |
| 2024-06-18 09:00:00 | High | EUR – CPI (YoY) (May) |
| 2024-06-18 09:00:00 | Moderate | EUR – CPI (MoM) (May) |
| 2024-06-18 09:00:00 | Moderate | EUR – Core CPI (YoY) (May) |
| 2024-06-18 09:00:00 | Moderate | EUR – German ZEW Economic Sentiment (Jun) |
| 2024-06-18 09:00:00 | Moderate | EUR – German ZEW Current Conditions (Jun) |
| 2024-06-18 04:30:00 | Moderate | AUD – RBA Rate Statement |
| 2024-06-18 04:30:00 | High | AUD – RBA Interest Rate Decision (Jun) |
| 2024-06-18 00:10:00 | Moderate | AUD – RBA Assist Gov Ellis Speaks |
Crypto Assets Prices
The Prices table provides an overview of the price variations and volatility of major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin. The dataset includes the price, price variation, 24-hour variation, and 24-hour volatility. Analysis of these data points reveals the recent downward trend in prices, with negative price variations observed for Bitcoin and Ethereum. The 24-hour variations and volatilities indicate the degree of price fluctuations within the cryptocurrency market. Overall, the data suggests a period of market correction and increased volatility.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-06-18 23:40:00 | Bitcoin | 65,100.00 | -2.15% | -2.11 | -1.85% | 3.95 | 0.62% |
| 2024-06-17 23:40:00 | Bitcoin | 66,501.99 | -0.25% | -0.26 | -0.93% | 3.33 | 1.87% |
| 2024-06-16 23:40:00 | Bitcoin | 66,670.00 | 0.57% | 0.67 | 0.30% | 1.46 | 0.52% |
| 2024-06-18 23:40:00 | Ethereum | 3,473.91 | -1.12% | -1.07 | 2.01% | 4.83 | -0.22% |
| 2024-06-17 23:40:00 | Ethereum | 3,512.77 | -3.04% | -3.08 | -4.50% | 5.05 | 1.87% |
| 2024-06-16 23:40:00 | Ethereum | 3,619.39 | 1.28% | 1.42 | -1.21% | 3.18 | -0.31% |
| 2024-06-18 23:40:00 | Binance Coin | 586.70 | -3.12% | -2.91 | -1.95% | 5.25 | 1.67% |
| 2024-06-17 23:40:00 | Binance Coin | 605.00 | -0.91% | -0.97 | -1.34% | 3.58 | 1.80% |
| 2024-06-16 23:40:00 | Binance Coin | 610.50 | 0.29% | 0.38 | -0.52% | 1.78 | 0.38% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table presents the total market capitalization and trading volumes of major cryptocurrencies. The data provides insights into the relative size and liquidity of different cryptocurrencies, indicating their market dominance. Analysis of the dataset shows variations in market capitalization and trading volumes, reflecting shifts in investor interest and market activity. Monitoring these metrics can help investors gauge the overall health and popularity of specific cryptocurrencies.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-06-18 00:00:00 | Binance Coin | 92,863,624,576 | -1.04% | 993,711,134 | 98.77% |
| 2024-06-17 00:00:00 | Binance Coin | 93,844,222,933 | 0.37% | 499,929,341 | -13.69% |
| 2024-06-16 00:00:00 | Binance Coin | 93,495,111,372 | 0.75% | 579,221,496 | -46.50% |
| 2024-06-18 00:00:00 | Bitcoin | 1,309,329,377,373 | -0.34% | 29,716,032,774 | 141.93% |
| 2024-06-17 00:00:00 | Bitcoin | 1,313,849,391,757 | 0.73% | 12,282,934,111 | 172.35% |
| 2024-06-16 00:00:00 | Bitcoin | 1,304,370,314,918 | 0.19% | 4,510,010,904 | -82.45% |
| 2024-06-18 00:00:00 | Ethereum | 421,162,133,590 | -3.13% | 17,231,419,290 | 111.01% |
| 2024-06-17 00:00:00 | Ethereum | 434,773,902,048 | 1.51% | 8,166,062,666 | -33.50% |
| 2024-06-16 00:00:00 | Ethereum | 428,318,893,970 | 2.40% | 12,279,326,955 | -12.08% |
| 2024-06-18 00:00:00 | Tether | 112,484,967,919 | -0.02% | 48,850,734,393 | 112.06% |
| 2024-06-17 00:00:00 | Tether | 112,505,590,399 | 0.02% | 23,036,741,022 | -12.42% |
| 2024-06-16 00:00:00 | Tether | 112,478,658,243 | -0.06% | 26,304,100,280 | -40.19% |
Cryptocurrency Exchanges Volume and Variation
The Exchanges table showcases the trading volumes of major cryptocurrency exchanges. The data highlights the performance of exchanges such as Binance, Binance US, Bitfinex, Bybit, Coinbase, and more. Analysis of the dataset reveals the variations in trading volumes across different exchanges, reflecting changes in user preferences and market conditions. Monitoring exchange volumes can provide insights into liquidity and trading activity, which can be useful for market analysis and decision-making.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-06-18 00:00:00 | Binance | 259,576 | 130.00% |
| 2024-06-17 00:00:00 | Binance | 112,860 | -17.35% |
| 2024-06-16 00:00:00 | Binance | 136,546 | -48.37% |
| 2024-06-18 00:00:00 | Binance US | 149 | 166.07% |
| 2024-06-17 00:00:00 | Binance US | 56 | -34.12% |
| 2024-06-16 00:00:00 | Binance US | 85 | -54.30% |
| 2024-06-18 00:00:00 | Bitfinex | 2,089 | 21.52% |
| 2024-06-17 00:00:00 | Bitfinex | 1,719 | 52.80% |
| 2024-06-16 00:00:00 | Bitfinex | 1,125 | -53.49% |
| 2024-06-18 00:00:00 | Bybit | 78,599 | 119.67% |
| 2024-06-17 00:00:00 | Bybit | 35,781 | -5.23% |
| 2024-06-16 00:00:00 | Bybit | 37,756 | -49.33% |
| 2024-06-18 00:00:00 | Coinbase | 38,990 | 207.71% |
| 2024-06-17 00:00:00 | Coinbase | 12,671 | 1.75% |
| 2024-06-16 00:00:00 | Coinbase | 12,453 | -64.33% |
| 2024-06-18 00:00:00 | Crypto.com | 25,848 | 175.65% |
| 2024-06-17 00:00:00 | Crypto.com | 9,377 | -14.87% |
| 2024-06-16 00:00:00 | Crypto.com | 11,015 | -47.79% |
| 2024-06-18 00:00:00 | Gate.io | 42,170 | 77.54% |
| 2024-06-17 00:00:00 | Gate.io | 23,752 | -5.11% |
| 2024-06-16 00:00:00 | Gate.io | 25,030 | -44.45% |
| 2024-06-18 00:00:00 | Kraken | 10,214 | 223.23% |
| 2024-06-17 00:00:00 | Kraken | 3,160 | -7.95% |
| 2024-06-16 00:00:00 | Kraken | 3,433 | -70.11% |
| 2024-06-18 00:00:00 | KuCoin | 12,990 | 101.61% |
| 2024-06-17 00:00:00 | KuCoin | 6,443 | -8.93% |
| 2024-06-16 00:00:00 | KuCoin | 7,075 | -44.25% |
| 2024-06-18 00:00:00 | OKX | 35,474 | 125.49% |
| 2024-06-17 00:00:00 | OKX | 15,732 | -19.45% |
| 2024-06-16 00:00:00 | OKX | 19,531 | -50.08% |
Mining – Blockchain Technology
The Mining table provides data on mining difficulty, mined blocks, block rewards, and hash rates in the cryptocurrency market. Analysis of the dataset reveals the historical trends and current values of these mining factors. Monitoring mining difficulty helps understand the computational effort required to mine new blocks, while block rewards and hash rates provide insights into network security and mining profitability. The data suggests a relatively stable mining environment, with fluctuations observed in certain parameters. These insights can be valuable for miners and investors interested in the mining aspect of cryptocurrencies.
| Item | 2024-06-18 | 2024-06-17 | 2024-06-16 | 2024-06-15 | 2024-06-14 | 2024-06-13 | 2024-06-12 |
|---|---|---|---|---|---|---|---|
| Difficulty | 83.72T | 83.72T | 83.72T | 83.72T | 83.72T | 83.72T | 83.72T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 848.39K | 848.25K | 848.09K | 847.96K | 847.83K | 847.69K | 847.54K |
| Blocks Variation | 0.02% | 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 | 570.14B | 678.34B | 141.49B | 274.66B | 528.52B | 565.97B | 516.04B |
| Hash Rate GB Variation | -15.95% | 379.41% | -48.48% | -48.03% | -6.62% | 9.68% | -6.06% |
Conclusion
In conclusion, the cryptocurrency market is currently experiencing a period of caution and volatility. Negative sentiments, reflected in the occurrence of negative keywords and downward price trends, indicate a more cautious approach among investors. However, there are still positive developments, such as successful token sales and new product introductions, that demonstrate ongoing interest and innovation in the cryptocurrency industry. It is crucial to keep a close eye on market trends, conduct thorough research, and consider a diversified investment strategy when navigating the cryptocurrency market.
So What
The current state of the cryptocurrency market has practical implications for investors. As the market exhibits caution and volatility, it is essential for investors to exercise due diligence and consider a balanced portfolio. Diversifying investments across various cryptocurrencies can help mitigate risk and capture potential opportunities. Additionally, staying informed about the latest news and market trends is crucial for making informed investment decisions. By keeping a level-headed approach and adapting to market conditions, investors can navigate the cryptocurrency market more effectively.
What next?
Looking ahead, the cryptocurrency market is likely to continue experiencing fluctuations and volatility in the near future. Ongoing regulatory developments, market trends, and technological advancements will shape the landscape of the cryptocurrency industry. Investors should closely monitor these factors and remain adaptable to market dynamics. As the market evolves, new opportunities and challenges will emerge. With proper research and analysis, investors can position themselves to take advantage of potential growth and navigate potential risks in the cryptocurrency 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.
