Crypto Market Analysis & Trend: Neutral/Trending Down
The cryptocurrency market is currently showing a neutral to slightly bearish trend, with the possibility of further downward movement in the next 8 hours. While there have been some positive developments, such as the accumulation of Ethereum by whales and the approval of the first spot Bitcoin ETF in Australia, negative factors like the decrease in Ethereum Classic and the overall bearish sentiment in the market are exerting downward pressure. It is important to note that these observations are based on the available data and market conditions at the time of analysis, and they should be interpreted with caution due to the inherent volatility of the cryptocurrency market.
What is important
The current state of the cryptocurrency market is characterized by a mixture of positive and negative factors. On the positive side, there have been notable occurrences such as the accumulation of Ethereum by whales and the approval of the first spot Bitcoin ETF in Australia. These developments indicate growing interest and adoption of cryptocurrencies. However, the market is also experiencing some negative trends, including the decrease in Ethereum Classic, the drop in prices of Bitcoin and Ethereum, and the overall bearish sentiment. It is important to closely monitor these factors and their potential impact on the market.
Top 5 – Latest Headlines & Cryptocurrency News
- 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.
- Binance CEO Richard Teng Predicts Bitcoin (BTC) to Skyrocket Past $80,000 by Year-End, Eyes $200,000 in 2025– Binance CEO Richard Teng predicts Bitcoin to skyrocket past $80,000 by year-end and eyes $200,000 in 2025.
- Whale Invests Millions in Ethereum-Based Altcoins Following SEC´s Ethereum ETF Approval– A whale has invested millions in Ethereum-based altcoins following the SEC´s approval of an Ethereum ETF.
- Binance CEO Predicts Bitcoin to Surpass $80,000 in 2024, Cites Spot ETF Approvals as Key Driver– Binance CEO predicts Bitcoin to surpass $80,000 in 2024, citing spot ETF approvals as a key driver.
Factors Driving the Growth – Market Sentiment
The analysis of positive and negative keywords provides insights into the sentiment surrounding the cryptocurrency market. Positive keywords such as Binance, Bitcoin accumulation, and Cardano’s potential to surpass Bitcoin highlight some of the positive developments and opportunities in the market. On the other hand, negative keywords like crash, whale, and price drop indicate the presence of negative sentiments and potential risks. It is crucial to consider both positive and negative factors when assessing the overall market sentiment and making informed investment decisions.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 27 | binance |
| 18 | bitcoin |
| 14 | cryptocurrency market |
| 14 | tether |
| 7 | ethereum |
| 6 | analyst |
| 6 | gold-backed |
| 5 | altcoins |
| 5 | bitcoin etf |
| 5 | cryptocurrency |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 14 | bitcoin |
| 8 | crash |
| 8 | cryptocurrency |
| 7 | crypto market |
| 6 | 24 hours |
| 6 | cryptocurrency market |
| 6 | dogecoin |
| 5 | whale |
| 4 | bitcoin price |
| 4 | investors |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators table provides valuable information on the market sentiment in the cryptocurrency industry. The observation of fear and greed levels indicates the level of investor sentiment and the potential impact on price trends. While the dataset provided does not fully capture the fear and greed indicators for the current analysis period, it is important to closely monitor these indicators for a better understanding of market dynamics.
| 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 | 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 presents data on the active addresses and quantities of wallet addresses based on balance values. This information provides insights into the activity and engagement of users within the Bitcoin ecosystem. Looking at the available dataset, there are fluctuations in the number of active addresses and values associated with different balance thresholds. It is important to note that these fluctuations can indicate changes in market participation and user behavior.
| 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 showcases important events in the global financial market that may impact the cryptocurrency industry. These events include data releases and meetings that can influence market sentiment and investment decisions. While the available dataset highlights events such as housing market index, trade balance, and monetary policy meeting minutes, it is essential to consider the broader macroeconomic landscape and its potential impact on 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 |
Crypto Assets Prices
The Prices table provides insights into the price movements and volatility of major cryptocurrencies. Based on the available data, Bitcoin and Ethereum experienced price drops, while other cryptocurrencies like Binance Coin showcased both positive and negative variations. These price movements reflect the inherent volatility of the cryptocurrency market. It is crucial to analyze price trends, market indicators, and other factors to make informed investment decisions.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-06-18 14:11:00 | Bitcoin | 64,525.41 | -1.31% | -1.45 | 0.28% | 4.57 | 1.70% |
| 2024-06-17 14:11:00 | Bitcoin | 65,372.56 | -2.04% | -1.72 | -2.46% | 2.87 | 1.45% |
| 2024-06-16 14:11:00 | Bitcoin | 66,707.67 | 0.71% | 0.74 | 1.86% | 1.42 | -1.62% |
| 2024-06-18 14:11:00 | Ethereum | 3,389.61 | -3.49% | -3.85 | -1.86% | 6.64 | 1.81% |
| 2024-06-17 14:11:00 | Ethereum | 3,508.02 | -2.68% | -2.00 | -3.23% | 4.83 | 2.82% |
| 2024-06-16 14:11:00 | Ethereum | 3,601.93 | 1.21% | 1.23 | -0.76% | 2.01 | -4.20% |
| 2024-06-18 14:11:00 | Binance Coin | 578.50 | -3.70% | -3.90 | -2.62% | 6.14 | 3.01% |
| 2024-06-17 14:11:00 | Binance Coin | 599.90 | -1.58% | -1.28 | -1.88% | 3.13 | 1.65% |
| 2024-06-16 14:11:00 | Binance Coin | 609.40 | 0.30% | 0.59 | 0.33% | 1.48 | -1.86% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table presents data on the total market capitalization and trading volume of major cryptocurrencies. The analysis of this data allows for an understanding of the overall market size and activity. While the dataset provided showcases fluctuations in capitalization and volume, it is important to consider other factors such as liquidity, market sentiment, and regulatory developments to gain a comprehensive view 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 highlights the trading volume variations across different cryptocurrency exchanges. The data showcases fluctuations in volume for exchanges like Binance, Binance US, and Bitfinex. These variations can indicate changes in trading activity and market liquidity. It is important to closely monitor exchange volumes and consider factors such as user preferences, security measures, and regulatory compliance when assessing the overall health of the cryptocurrency market.
| 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 insights into mining difficulty, mined blocks, block rewards, and hash rate in the cryptocurrency market. While the available dataset showcases variations in mining difficulty, blocks, block rewards, and hash rate for different cryptocurrencies, it is important to consider additional factors such as network dynamics and emerging mining technologies when analyzing the mining landscape.
| 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 exhibiting a neutral to slightly bearish trend, with both positive and negative factors at play. The market sentiment is influenced by various developments, such as Ethereum accumulation, the approval of the first spot Bitcoin ETF, and the decrease in Ethereum Classic. Investors should carefully monitor these trends, considering both positive and negative factors, to make informed decisions. It is important to conduct thorough research, assess market indicators, and stay updated with the latest news and developments to navigate the cryptocurrency market effectively.
So What
The current state of the cryptocurrency market has implications for investors and market participants. The mixture of positive and negative factors emphasizes the need for caution and thorough analysis. Investors should consider their risk tolerance, conduct proper due diligence, and diversify their portfolios to mitigate potential risks. It is crucial to stay informed, monitor market trends, and adjust investment strategies accordingly.
What next?
Looking ahead, the cryptocurrency market is expected to continue experiencing volatility and fluctuations. Regulatory developments, macroeconomic conditions, and technological advancements will play significant roles in shaping the future of the market. Investors should remain vigilant, closely monitor market trends, and adapt their strategies accordingly. It is important to stay informed about emerging trends, regulatory changes, and technology advancements to make informed investment decisions.
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.
