Crypto Market Analysis & Trend: Neutral/Trending Down
Over the past 24 hours, the cryptocurrency market has shown a neutral to trending down trend. Bitcoin, the leading cryptocurrency, has experienced liquidations worth millions, causing concerns about its stability. Additionally, the price of Bitcoin has declined, partly due to the US government’s transfer of 4,000 BTC to Coinbase Prime.
On the positive side, Robert Kiyosaki, the author of ‘Rich Dad Poor Dad’, has expressed interest in accumulating more Bitcoin during the price dip. Moreover, Cardano has successfully fended off a DDoS attack, showcasing its resilience.
To analyze these trends, it is important to consider various factors such as market sentiment, trading volumes, and key economic events. The current market sentiment appears to be cautious, influenced by both positive and negative news. Trading volumes have shown variations across different exchanges, with some experiencing declines while others witness increased activity.
Overall, the confidence level in the analysis is moderate as it is based on recent data and news events. However, it is important to monitor market developments closely to identify emerging trends and potential shifts.
What is important
Key points to understand the current state of the cryptocurrency market:
1. Bitcoin’s stability is under scrutiny due to significant liquidations within a day.
2. The US government’s transfer of 4,000 BTC to Coinbase Prime has affected Bitcoin’s price.
3. Robert Kiyosaki’s interest in accumulating more Bitcoin during the price dip highlights potential buying opportunities.
4. Cardano’s successful defense against a DDoS attack demonstrates its resilience and technological strength.
5. Market sentiment is cautious, influenced by both positive and negative news.
6. Trading volumes exhibit variations across different cryptocurrency exchanges.
These factors collectively shape the current market landscape, indicating a need for careful analysis and monitoring of further developments.
Top 5 – Latest Headlines & Cryptocurrency News
- Bitcoin sees liquidations worth millions in a day: Is BTC´s price feeling the heat?– Bitcoin´s price is experiencing liquidations worth millions in a day, causing concerns about its stability.
- Rich Dad Poor Dad Author Robert Kiyosaki Looking To Accumulate More Bitcoin (BTC) Amid Price Dip– Robert Kiyosaki, the author of ´Rich Dad Poor Dad´, is interested in buying more Bitcoin (BTC) during a price dip.
- Bitcoin Price Slides As US Government Moves 4,000 BTC To Coinbase Prime– The price of Bitcoin declines as the US government transfers 4,000 BTC to Coinbase Prime.
- XRP Price Facing Another Drop: Understanding The Key Drivers– The price of XRP has dropped to $0.4770.
- Donor Gifts 8 BTC to Aid Julian Assange´s Journey to Freedom– A donor has gifted 8 BTC to help Julian Assange´s journey to freedom.
Factors Driving the Growth – Market Sentiment
Positive sentiment keywords in the news within the last 24 hours suggest growing interest and potential opportunities in the cryptocurrency market. Keywords such as ‘binance’, ‘cryptocurrency market’, ‘bitcoin’, ‘cardano’, and ‘price’ have been mentioned frequently. These keywords indicate the focus on popular cryptocurrencies and their price movements as key topics of interest. Additionally, keywords like ‘Robert Kiyosaki’ and ‘accumulation’ signal the attention given to influential figures expressing interest in the market and their potential impact on sentiment.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 32 | binance |
| 30 | cryptocurrency market |
| 22 | bitcoin |
| 8 | cryptocurrency exchange |
| 7 | cryptocurrency |
| 5 | cardano |
| 5 | price |
| 4 | btc |
| 4 | cryptocurrencies |
| 4 | ddos attack |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 8 | bitcoin |
| 6 | price |
| 4 | cryptocurrency market |
| 3 | dogecoin |
| 3 | hydrogen |
| 3 | onecoin |
| 3 | price drop |
| 3 | shiba inu |
| 3 | xrp |
| 2 | abra |
Crypto Investor Fear & Greed Index
The ‘Fear and Greed Indicators’ table provides insights into market sentiment based on fear and greed levels. The indicators suggest a mixed sentiment, with some sources reporting fear while others indicating greed. It is important to consider the specific indicators and their corresponding values to understand the sentiment accurately. The current fear and greed levels can influence investor behavior and potentially impact cryptocurrency price movements.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-06-26 00:00:00 | 30pt | 0pt | Alternative.me |
| 2024-06-26 00:00:00 | 46pt | 16pt | Alternative.me |
| 2024-06-25 00:00:00 | 30pt | -21pt | Alternative.me |
| 2024-06-24 00:00:00 | 51pt | -4pt | Alternative.me |
| 2024-06-24 00:00:00 | 55pt | 0pt | Alternative.me |
| 2024-06-26 00:00:00 | 30pt | 0pt | Binance.com |
| 2024-06-26 00:00:00 | 46pt | 16pt | Binance.com |
| 2024-06-25 00:00:00 | 30pt | -21pt | Binance.com |
| 2024-06-25 00:00:00 | 51pt | 0pt | Binance.com |
| 2024-06-24 00:00:00 | 51pt | -4pt | Binance.com |
| 2024-06-24 00:00:00 | 55pt | 0pt | Binance.com |
| 2024-06-26 00:00:00 | 30pt | 0pt | BitDegree.org |
| 2024-06-25 00:00:00 | 30pt | -25pt | BitDegree.org |
| 2024-06-24 00:00:00 | 55pt | 0pt | BitDegree.org |
| 2024-06-26 16:00:00 | 33pt | 2pt | BtcTools.io |
| 2024-06-26 08:00:00 | 31pt | -4pt | BtcTools.io |
| 2024-06-26 00:00:00 | 35pt | 0pt | BtcTools.io |
| 2024-06-25 16:00:00 | 35pt | -6pt | BtcTools.io |
| 2024-06-25 00:00:00 | 41pt | -3pt | BtcTools.io |
| 2024-06-24 16:00:00 | 44pt | -11pt | BtcTools.io |
| 2024-06-24 08:00:00 | 55pt | -1pt | BtcTools.io |
| 2024-06-24 00:00:00 | 56pt | 0pt | BtcTools.io |
| 2024-06-26 00:00:00 | 46pt | 16pt | Coinstats.app |
| 2024-06-25 00:00:00 | 30pt | -21pt | Coinstats.app |
| 2024-06-24 10:00:00 | 51pt | -2pt | Coinstats.app |
| 2024-06-24 08:00:00 | 53pt | 0pt | Coinstats.app |
| 2024-06-26 20:00:00 | 46pt | -5pt | LookIntoBitcoin.com |
| 2024-06-26 00:00:00 | 51pt | 0pt | LookIntoBitcoin.com |
| 2024-06-25 00:00:00 | 51pt | 0pt | LookIntoBitcoin.com |
| 2024-06-24 00:00:00 | 51pt | -4pt | LookIntoBitcoin.com |
| 2024-06-24 00:00:00 | 55pt | 0pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table reveals the number of active addresses in the Bitcoin network and the quantities of wallet addresses based on balance values. The data helps track the adoption and activity levels of Bitcoin within the market. It is important to monitor the growth and variation in active addresses as well as the distribution of wallet addresses across different balance thresholds to gauge the network’s usage and overall health.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-06-26 22:00:00 | 1,301,115,406 | 0.01% | Total Addresses | bitaps.com |
| 2024-06-26 22:00:00 | 1,248,354,029 | 0.01% | Zero Balance Addresses | bitaps.com |
| 2024-06-26 22:00:00 | 632,495 | 3.32% | Bitcoin Active Addresses | btc.com |
| 2024-06-26 22:00:00 | 540,771 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-06-26 22:00:00 | 219,376 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-06-26 22:00:00 | 3,481,436 | 0.02% | Addresses with over 0.000001 | bitaps.com |
| 2024-06-26 22:00:00 | 10,364,474 | 0.05% | Addresses with over 0.00001 | bitaps.com |
| 2024-06-26 22:00:00 | 13,712,250 | -0.06% | Addresses with over 0.0001 | bitaps.com |
| 2024-06-26 22:00:00 | 11,853,414 | -0.02% | Addresses with over 0.001 | bitaps.com |
| 2024-06-26 22:00:00 | 8,038,452 | 0.05% | Addresses with over 0.01 | bitaps.com |
| 2024-06-26 22:00:00 | 3,540,716 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-06-26 22:00:00 | 857,662 | -0.01% | Addresses with over 1 | bitaps.com |
| 2024-06-26 22:00:00 | 136,951 | 0.04% | Addresses with over 10 | bitaps.com |
| 2024-06-26 22:00:00 | 13,808 | 0.05% | Addresses with over 100 | bitaps.com |
| 2024-06-26 22:00:00 | 1,962 | -0.15% | Addresses with over 1,000 | bitaps.com |
| 2024-06-26 22:00:00 | 102 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-06-26 22:00:00 | 3 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table provides insights into key events shaping the global financial market. These events include economic indicators, reports, and data releases that can influence market sentiment and price movements. Traders and investors closely monitor the impact of these events on the cryptocurrency market to make informed decisions and identify potential trading opportunities.
| Date | Impact | Event |
|---|---|---|
| 2024-06-27 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-06-27 14:00:00 | Moderate | Pending Home Sales Index Index |
| 2024-06-27 14:00:00 | Moderate | Pending Home Sales Index Month over Month |
| 2024-06-27 12:30:00 | High | GDP Quarter over Quarter – Annual Rate |
| 2024-06-27 12:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-06-27 12:30:00 | High | International Trade in Goods (Advance) Imports – M/M |
| 2024-06-27 12:30:00 | High | International Trade in Goods (Advance) Exports – M/M |
| 2024-06-27 12:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-06-27 12:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-06-27 12:30:00 | High | Durable Goods Orders Ex-Transportation – M/M |
| 2024-06-27 12:30:00 | High | International Trade in Goods (Advance) Balance |
| 2024-06-27 12:30:00 | High | Durable Goods Orders Core Capital Goods – M/M |
| 2024-06-27 12:30:00 | High | GDP Personal Consumption Expenditures – Annual Rate |
| 2024-06-27 12:30:00 | High | Durable Goods Orders New Orders – M/M |
| 2024-06-26 20:30:00 | Moderate | USD – Fed Bank Stress Test Results |
| 2024-06-26 17:00:00 | Moderate | USD – 5-Year Note Auction |
| 2024-06-26 14:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-06-26 14:30:00 | High | USD – Crude Oil Inventories |
| 2024-06-26 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-06-26 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-06-26 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-06-26 14:00:00 | Moderate | USD – New Home Sales (MoM) (May) |
| 2024-06-26 14:00:00 | High | USD – New Home Sales (May) |
| 2024-06-26 14:00:00 | High | New Home Sales Annual Rate |
| 2024-06-26 12:30:00 | Moderate | CAD – Wholesale Sales (MoM) |
| 2024-06-26 12:30:00 | Moderate | USD – Building Permits |
| 2024-06-26 12:00:00 | Moderate | USD – Building Permits |
| 2024-06-26 10:40:00 | Moderate | EUR – ECB´s Lane Speaks |
| 2024-06-26 10:00:00 | Moderate | EUR – France Jobseekers Total (May) |
| 2024-06-26 10:00:00 | Moderate | EUR – Eurogroup Meetings |
| 2024-06-26 10:00:00 | Moderate | EUR – France Jobseekers Total |
| 2024-06-26 06:00:00 | Moderate | EUR – GfK German Consumer Climate (Jul) |
Crypto Assets Prices
The ‘Prices’ table illustrates the prices, variations, and volatilities of major cryptocurrencies. Analyzing these data points can help assess the current price trend, volatility, and overall market sentiment. It is important to track price variations and identify the factors contributing to price movements, such as news events, market demand, and trading volumes.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-06-26 23:52:00 | Bitcoin | 60,804.18 | -1.58% | -1.62 | -4.06% | 2.92 | -0.66% |
| 2024-06-25 23:52:00 | Bitcoin | 61,766.77 | 2.21% | 2.44 | 6.88% | 3.59 | -4.92% |
| 2024-06-24 23:52:00 | Bitcoin | 60,404.44 | -4.78% | -4.44 | -2.93% | 8.51 | 6.50% |
| 2024-06-26 23:52:00 | Ethereum | 3,368.18 | -0.82% | -0.79 | -2.07% | 3.06 | 0.24% |
| 2024-06-25 23:52:00 | Ethereum | 3,395.69 | 0.99% | 1.28 | 3.00% | 2.82 | -3.22% |
| 2024-06-24 23:52:00 | Ethereum | 3,362.21 | -1.85% | -1.72 | 0.33% | 6.04 | 2.66% |
| 2024-06-26 23:52:00 | Binance Coin | 572.40 | -1.00% | -1.02 | -2.78% | 3.05 | 0.65% |
| 2024-06-25 23:52:00 | Binance Coin | 578.10 | 1.71% | 1.76 | 3.37% | 2.40 | -3.19% |
| 2024-06-24 23:52:00 | Binance Coin | 568.20 | -1.65% | -1.61 | 0.67% | 5.59 | 2.60% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table provides insights into the total market capitalization and trading volumes of major cryptocurrencies. Analyzing these data points offers a glimpse into the overall market trends and liquidity levels. Monitoring changes in market capitalization and volume can help understand the investor sentiment and potential market opportunities.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-06-26 00:00:00 | Binance Coin | 88,851,602,668 | 1.81% | 826,333,034 | -41.43% |
| 2024-06-25 00:00:00 | Binance Coin | 87,271,749,669 | -1.62% | 1,410,752,787 | 147.79% |
| 2024-06-24 00:00:00 | Binance Coin | 88,704,371,857 | -2.34% | 569,323,659 | 51.72% |
| 2024-06-26 00:00:00 | Bitcoin | 1,217,935,012,740 | 2.44% | 26,801,788,967 | -35.67% |
| 2024-06-25 00:00:00 | Bitcoin | 1,188,964,670,369 | -4.74% | 41,663,335,963 | 286.99% |
| 2024-06-24 00:00:00 | Bitcoin | 1,248,188,877,658 | -1.43% | 10,765,894,833 | 22.77% |
| 2024-06-26 00:00:00 | Ethereum | 407,935,619,100 | 1.26% | 13,066,812,887 | -44.40% |
| 2024-06-25 00:00:00 | Ethereum | 402,843,439,309 | -3.63% | 23,500,363,100 | 168.24% |
| 2024-06-24 00:00:00 | Ethereum | 418,002,114,769 | -2.17% | 8,760,893,161 | 38.77% |
| 2024-06-26 00:00:00 | Tether | 112,916,220,648 | 0.05% | 36,159,764,560 | -45.92% |
| 2024-06-25 00:00:00 | Tether | 112,854,331,673 | -0.03% | 66,865,912,205 | 355.95% |
| 2024-06-24 00:00:00 | Tether | 112,889,309,018 | 0.01% | 14,665,207,838 | -2.33% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table showcases the trading volumes and variations across major cryptocurrency exchanges. The data offers insights into the trading activity and popularity of different exchanges. Analyzing these volumes and variations can provide an understanding of where market participants are conducting their trades and the overall liquidity in the cryptocurrency market.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-06-26 00:00:00 | Binance | 225,119 | -32.40% |
| 2024-06-25 00:00:00 | Binance | 332,992 | 237.48% |
| 2024-06-24 00:00:00 | Binance | 98,671 | 8.55% |
| 2024-06-26 00:00:00 | Binance US | 118 | -48.47% |
| 2024-06-25 00:00:00 | Binance US | 229 | 252.31% |
| 2024-06-24 00:00:00 | Binance US | 65 | 30.00% |
| 2024-06-26 00:00:00 | Bitfinex | 3,379 | -51.66% |
| 2024-06-25 00:00:00 | Bitfinex | 6,990 | 304.05% |
| 2024-06-24 00:00:00 | Bitfinex | 1,730 | 33.38% |
| 2024-06-26 00:00:00 | Bybit | 65,612 | -41.84% |
| 2024-06-25 00:00:00 | Bybit | 112,812 | 214.24% |
| 2024-06-24 00:00:00 | Bybit | 35,900 | 25.91% |
| 2024-06-26 00:00:00 | Coinbase | 41,855 | -27.14% |
| 2024-06-25 00:00:00 | Coinbase | 57,447 | 331.74% |
| 2024-06-24 00:00:00 | Coinbase | 13,306 | 4.23% |
| 2024-06-26 00:00:00 | Crypto.com | 25,605 | -36.18% |
| 2024-06-25 00:00:00 | Crypto.com | 40,122 | 294.82% |
| 2024-06-24 00:00:00 | Crypto.com | 10,162 | 27.87% |
| 2024-06-26 00:00:00 | Gate.io | 36,395 | -36.90% |
| 2024-06-25 00:00:00 | Gate.io | 57,675 | 171.02% |
| 2024-06-24 00:00:00 | Gate.io | 21,281 | 17.59% |
| 2024-06-26 00:00:00 | Kraken | 11,687 | -28.45% |
| 2024-06-25 00:00:00 | Kraken | 16,335 | 390.10% |
| 2024-06-24 00:00:00 | Kraken | 3,333 | -7.80% |
| 2024-06-26 00:00:00 | KuCoin | 11,110 | -35.07% |
| 2024-06-25 00:00:00 | KuCoin | 17,110 | 177.17% |
| 2024-06-24 00:00:00 | KuCoin | 6,173 | 11.11% |
| 2024-06-26 00:00:00 | OKX | 33,062 | -38.79% |
| 2024-06-25 00:00:00 | OKX | 54,012 | 198.00% |
| 2024-06-24 00:00:00 | OKX | 18,125 | 34.90% |
Mining – Blockchain Technology
The ‘Mining’ table depicts mining difficulty, mined blocks, block rewards, and hash rate of the major cryptocurrencies. This data provides insights into the mining activity and computational capacity of the networks. Analyzing these metrics can help gauge the overall health and competitiveness of mining operations, which can impact network security and cryptocurrency prices.
| Item | 2024-06-26 | 2024-06-25 | 2024-06-24 | 2024-06-23 | 2024-06-22 | 2024-06-21 | 2024-06-20 |
|---|---|---|---|---|---|---|---|
| Difficulty | 83.68T | 83.68T | 83.68T | 83.68T | 83.68T | 83.72T | 83.72T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | -0.05% | 0.00% | 0.00% |
| Blocks | 849.50K | 849.37K | 849.22K | 849.11K | 848.96K | 848.82K | 848.68K |
| Blocks Variation | 0.01% | 0.02% | 0.01% | 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 | 520.09B | 628.29B | 645.21B | 343.40B | 415.95B | 158.14B | 466.10B |
| Hash Rate GB Variation | -17.22% | -2.62% | 87.89% | -17.44% | 163.03% | -66.07% | -21.13% |
Conclusion
In conclusion, the cryptocurrency market has shown a neutral to trending down trend, with Bitcoin facing liquidations and price declines. However, positive factors such as influential figures expressing interest in Bitcoin and Cardano’s successful defense against a DDoS attack offer some optimism. Market sentiment is cautious but influenced by both positive and negative news. Monitoring trading volumes, economic events, and mining activity can provide further insights into the market’s dynamics and potential opportunities.
So What
Considering the current state of the cryptocurrency market, it is important for investors and traders to proceed with caution, conducting thorough analysis and staying updated on market developments. The combination of uncertainty and potential opportunities calls for a balanced and proactive approach in navigating the market. Additionally, monitoring influential figures and their actions can provide valuable insights into market sentiment.
What next?
Looking ahead, it is essential to monitor market trends, news events, and regulatory developments to anticipate potential shifts in sentiment. Continued analysis of price movements, trading volumes, and mining activity can help identify emerging trends and patterns. Moreover, staying informed about upcoming economic events and their potential impact on the market is crucial. By remaining vigilant and adaptable, market participants can position themselves to capitalize on potential opportunities in the evolving 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.
