Crypto Market Analysis & Trend: Neutral/Trending Up
The analysis of the cryptocurrency market for the next 8 hours suggests a neutral to slightly upward trend. Based on the available data, there are several positive indicators indicating the potential for a bullish market. However, it is important to consider the market volatility and potential negative factors that may impact the trend. The confidence level in this analysis is moderate, considering the recent market performance and the evolving nature of the cryptocurrency market.
What is important
The current state of the cryptocurrency market presents several key points that are essential to understanding its dynamics. Firstly, the positive keywords analysis reveals a focus on major cryptocurrencies such as Bitcoin and Ethereum, with mentions of surge and accumulation indicating potential positive sentiment towards these assets. On the other hand, negative keywords highlight concerns over price declines, market crash, and outflows. Additionally, economic events and market capitalizations play a significant role in shaping market sentiment and trend direction. It is essential to closely monitor these factors to gain a comprehensive understanding of the market.
Top 5 – Latest Headlines & Cryptocurrency News
- Ethereum poised to 50% surge this year against Bitcoin — Fractal analysis– Ethereum has surged 50% against Bitcoin this year, as per analysis.
- Bitcoin Price Faces Selling Pressure as Exchange Inflows Surge– Bitcoin price is facing selling pressure as exchange inflows surge.
- Cryptocurrency Ethereum Classic Decreases More Than 4% Within 24 hours– Ethereum Classic has experienced a decrease of more than 4% within 24 hours.
- Ethereum Accumulation Surges as Whales Buy Over 700,000 ETH in Three Weeks– Whales have been accumulating Ethereum, buying over 700,000 ETH in three weeks.
- Charles Hoskinson Predicts Cardano (ADA) Will Surpass Bitcoin as the Top Cryptocurrency– Charles Hoskinson predicts that Cardano (ADA) will surpass Bitcoin as the top cryptocurrency.
Factors Driving the Growth – Market Sentiment
The analysis of the positive and negative keywords highlights the contrasting sentiments within the cryptocurrency market. Positive keywords such as Binance, Bitcoin, and Ethereum surge indicate an optimistic outlook, driven by factors such as accumulation, price growth, and positive predictions. Conversely, negative keywords like Bitcoin price crash and market decline reflect concerns over potential market instability and the impact of external forces. Traders and investors should carefully consider these sentiments and conduct thorough research to make informed decisions.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 33 | binance |
| 28 | bitcoin |
| 15 | cryptocurrency market |
| 13 | tether |
| 12 | cryptocurrency |
| 11 | ethereum |
| 9 | xrp |
| 8 | bitcoin etf |
| 7 | solana |
| 7 | surge |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 16 | bitcoin |
| 7 | bitcoin price |
| 6 | 24 hours |
| 6 | crypto market |
| 6 | cryptocurrency market |
| 5 | cryptocurrency |
| 5 | dogecoin |
| 5 | price |
| 4 | crash |
| 4 | outflows |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators table provides insights into the market’s sentiment and investor behavior. Currently, the indicators point towards a mix of fear and greed, with values fluctuating between fear and greed zones. This indicates a cautious approach by investors, considering both the potential for profit and the fear of potential market risks. It is crucial to closely monitor these indicators as they can greatly influence market movements and investor sentiment.
| 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 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 | 2pt | BtcTools.io |
| 2024-06-15 08:00:00 | 65pt | 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 offers valuable information on the active addresses and wallet balances within the Bitcoin network. The data suggests a relatively stable number of addresses with differing balance thresholds. This indicates an ongoing level of engagement and participation in the Bitcoin ecosystem. Monitoring these indicators can provide insight into the network’s activity and potential market trends.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-06-17 23:00:00 | 1,298,797,123 | 0.00% | Total Addresses | bitaps.com |
| 2024-06-17 23:00:00 | 1,245,852,508 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-06-17 23:00:00 | 752,018 | -1.10% | Bitcoin Active Addresses | btc.com |
| 2024-06-17 23:00:00 | 540,763 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-06-17 23:00:00 | 219,376 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-06-17 23:00:00 | 3,469,313 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-06-17 23:00:00 | 10,361,419 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-06-17 23:00:00 | 13,829,676 | 0.01% | Addresses with over 0.0001 | bitaps.com |
| 2024-06-17 23:00:00 | 11,922,833 | 0.01% | Addresses with over 0.001 | bitaps.com |
| 2024-06-17 23:00:00 | 8,048,537 | 0.01% | Addresses with over 0.01 | bitaps.com |
| 2024-06-17 23:00:00 | 3,541,545 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-06-17 23:00:00 | 858,389 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-06-17 23:00:00 | 136,905 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-06-17 23:00:00 | 13,788 | -0.01% | Addresses with over 100 | bitaps.com |
| 2024-06-17 23:00:00 | 1,965 | 0.05% | Addresses with over 1,000 | bitaps.com |
| 2024-06-17 23:00:00 | 103 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-06-17 23:00:00 | 3 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The Economic Events table provides information on important events impacting the global financial market. These events include trade balance reports, monetary policy meetings, and economic sentiment indicators. It is essential to consider these events as they can influence market sentiment and potentially drive significant price movements in 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 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 |
| 2024-06-17 21:00:00 | Moderate | NZD – Westpac Consumer Sentiment |
| 2024-06-17 17:00:00 | Moderate | USD – FOMC Member Harker Speaks |
| 2024-06-17 16:00:00 | Moderate | USD – FOMC Member Williams Speaks |
| 2024-06-17 12:30:00 | Moderate | Empire State Manufacturing Index Index |
| 2024-06-17 12:30:00 | Moderate | CAD – Foreign Securities Purchases (Apr) |
| 2024-06-17 12:30:00 | Moderate | USD – NY Empire State Manufacturing Index (Jun) |
| 2024-06-17 12:15:00 | Moderate | CAD – Housing Starts (May) |
| 2024-06-17 11:30:00 | Moderate | EUR – ECB´s De Guindos Speaks |
| 2024-06-17 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-06-17 09:00:00 | Moderate | EUR – Wages in euro zone (YoY) (Q1) |
| 2024-06-17 09:00:00 | Moderate | EUR – ECB President Lagarde Speaks |
| 2024-06-17 08:00:00 | Moderate | EUR – ECB´s Lane Speaks |
Crypto Assets Prices
The Prices table highlights the recent price variations and volatility of major cryptocurrencies. Bitcoin and Ethereum experienced both positive and negative price movements, reflecting the overall market sentiment. It is important to closely track these price changes and consider their implications for investment decisions.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-06-18 07:41:00 | Bitcoin | 65,635.99 | -0.84% | -0.81 | -0.69% | 4.23 | 2.62% |
| 2024-06-17 07:41:00 | Bitcoin | 66,190.01 | -0.13% | -0.12 | -0.42% | 1.61 | 0.66% |
| 2024-06-16 07:41:00 | Bitcoin | 66,277.50 | 0.28% | 0.30 | 1.52% | 0.94 | -2.58% |
| 2024-06-18 07:41:00 | Ethereum | 3,446.20 | -3.13% | -3.00 | -2.78% | 6.64 | 3.39% |
| 2024-06-17 07:41:00 | Ethereum | 3,554.06 | -0.31% | -0.22 | -1.22% | 3.25 | 1.12% |
| 2024-06-16 07:41:00 | Ethereum | 3,565.03 | 1.04% | 1.00 | 0.68% | 2.13 | -3.69% |
| 2024-06-18 07:41:00 | Binance Coin | 593.00 | -1.75% | -1.77 | -1.31% | 4.84 | 2.97% |
| 2024-06-17 07:41:00 | Binance Coin | 603.40 | -0.50% | -0.46 | -0.40% | 1.88 | 0.45% |
| 2024-06-16 07:41:00 | Binance Coin | 606.40 | -0.02% | -0.07 | 0.21% | 1.43 | -2.38% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table provides insights into the total capitalization and trading volumes of major cryptocurrencies. The data highlights the overall market trends and liquidity across different cryptocurrencies. Monitoring these figures can help identify market trends and evaluate the overall health of the cryptocurrency market.
| 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 presents data on the trading volumes and variations across major cryptocurrency exchanges. The data suggests varying trading volumes and activities across different platforms, indicating the overall market liquidity and investor preferences. Understanding these exchange dynamics can provide valuable insights into market sentiment and potential trading opportunities.
| 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 information on mining difficulty, blocks, rewards, and hash rate in the cryptocurrency market. Monitoring these metrics offers insights into the overall mining activity and the resulting impact on network security and cryptocurrency supply. It is important to track these indicators as they can affect the overall market dynamics and potential profitability for miners.
| 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 displaying a neutral to slightly upward trend. Positive sentiments are observed with keywords related to major cryptocurrencies and market indicators. However, negative keywords and potential market risks should also be considered. Economic events and market capitalizations play a significant role in shaping market sentiment. Additionally, mining activity and exchange dynamics impact the overall market dynamics. Traders and investors should carefully monitor these factors and conduct thorough analysis when making investment decisions.
So What
The current state of the cryptocurrency market has practical implications for traders and investors. It is crucial to stay informed about the market trends, sentiment, and key events to make well-informed decisions. Balancing positive and negative factors is essential to mitigate risks and identify potential opportunities. Additionally, understanding mining activity and exchange dynamics can provide insights into market liquidity and potential trading strategies.
What next?
Looking ahead, the cryptocurrency market is expected to continue its dynamic nature with evolving trends and sentiment. Monitoring market indicators, economic events, and blockchain activities will be crucial to anticipate potential market movements. It is important to adapt and adjust investment strategies based on the changing market landscape and always stay informed about the latest developments and trends.
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.
