πŸ“ƒ Jun 27, 2024 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

In the past 24 hours, the cryptocurrency market has experienced a neutral to slightly upward trend. Bitcoin, the leading cryptocurrency, has shown resilience and is on a recovery path after a recent price drop. The sentiment around Bitcoin remains positive, with analysts predicting a revisit of the $72,000 level in the near future. Ethereum, the second-largest cryptocurrency, has also shown strength, defending against a DDoS attack on its network. Additionally, Cardano has been gaining attention, as analysts predict its price to hit $40. These positive developments, along with other favorable news, have contributed to the overall positive sentiment in the market.

However, it’s important to note that the market is still cautious due to potential negative factors. Fears of a $240 million sale by the US government have caused some retracement in Bitcoin, Ethereum, and Dogecoin. The market also experienced a temporary dip, leading to concerns about a deeper sell-off. It’s crucial to monitor support levels and Bitcoin’s ability to reclaim the $62,000 mark to avoid further pullbacks.

Overall, while the sentiment remains mostly positive, caution is advised as the market navigates through potential challenges.

What is important

The current state of the cryptocurrency market is characterized by a mix of positive and negative factors. Bitcoin, Ethereum, and Cardano have been in the spotlight with positive news surrounding their performance and future prospects. Bitcoin’s price rebound and its resilience against negative factors, such as the US government’s potential sale, indicate a strong market sentiment. Ethereum’s successful defense against a DDoS attack showcases its robustness. Cardano’s price prediction of reaching $40 highlights its potential for growth.

On the other hand, negative factors such as fears of a deeper sell-off in Bitcoin and retracement due to the US government’s actions have caused slight market retracements. It is important for investors to closely monitor support levels and market trends to make well-informed decisions.

Overall, the market sentiment remains largely positive, and there is ongoing interest and activity in major cryptocurrencies. It is crucial to stay updated with the latest news and developments to navigate the market effectively.

Top 5 – Latest Headlines & Cryptocurrency News

  1. Cardano Price Expected To Hit $40 Next Per Crypto Analysts– Crypto analysts predict Cardano price to reach $40.
  2. Bitcoin, Ethereum, Dogecoin Retrace On Fears Of $240M Sale By US Government: King Crypto Should Reclaim $62K Soon To Avoid Another Pullback, Says Analyst– Bitcoin, Ethereum, and Dogecoin experience retracement due to fears of a $240M sale by the US government. Analyst suggests Bitcoin needs to reclaim $62K soon to avoid another pullback.
  3. Green Light Ahead For Ethereum ETF, States SEC Chair Gensler– US SEC Chairman signals green light for Ethereum exchange-traded fund (ETF).
  4. Bitcoin Price Rebound Sees Shorts Rekt as Crypto Market Recovers– Bitcoin price rebounds after short position liquidations.
  5. Rich Dad Poor Dad Author Robert Kiyosaki Looking To Accumulate More Bitcoin (BTC) Amid Price Dip– Robert Kiyosaki, author of Β΄Rich Dad Poor DadΒ΄, interested in buying more Bitcoin (BTC) during price dip.

Factors DrivingΒ the Growth – Market Sentiment

Positive sentiment keywords in the news include Cardano, cryptocurrency market, Bitcoin, Ethereum, analyst, price, and more. These keywords reflect the positive news and developments surrounding these cryptocurrencies.

Negative sentiment keywords include Bitcoin, price, Dogecoin, Cardano, decline, Onecoin, Shiba Inu, backlash, and bearish trend. These keywords highlight some negative sentiment and concerns in the market regarding certain cryptocurrencies.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
31binance
28cryptocurrency market
24bitcoin
6cryptocurrency exchange
6ethereum
5analyst
5price
4cardano
4cryptocurrencies
4cryptocurrency

Negative Terms – Sentiment Analysis

OccurrencesKeyword
14bitcoin
7price
6dogecoin
4cardano
4decline
4onecoin
4shiba inu
3abra
3backlash
3bearish trend

Crypto Investor Fear & Greed Index

The Fear and Greed Indicators table shows fluctuating levels of fear and greed in the cryptocurrency market. Currently, the market is leaning slightly towards fear, with values in the range of 40 to 51, but there is no extreme fear. It is important to note that investor sentiment plays a significant role in the market. However, it is equally crucial to consider other factors such as market trends, news, and technical analysis for a comprehensive assessment of the market sentiment.

DateValueVariationSource
2024-06-27 00:00:0040pt-6ptAlternative.me
2024-06-26 00:00:0030pt0ptAlternative.me
2024-06-26 00:00:0046pt16ptAlternative.me
2024-06-25 00:00:0030pt0ptAlternative.me
2024-06-27 00:00:0040pt-6ptBinance.com
2024-06-26 00:00:0030pt0ptBinance.com
2024-06-26 00:00:0046pt16ptBinance.com
2024-06-25 00:00:0030pt-21ptBinance.com
2024-06-25 00:00:0051pt0ptBinance.com
2024-06-27 00:00:0040pt10ptBitDegree.org
2024-06-26 00:00:0030pt0ptBitDegree.org
2024-06-25 00:00:0030pt0ptBitDegree.org
2024-06-27 00:00:0034pt1ptBtcTools.io
2024-06-26 16:00:0033pt2ptBtcTools.io
2024-06-26 08:00:0031pt-4ptBtcTools.io
2024-06-26 00:00:0035pt0ptBtcTools.io
2024-06-25 16:00:0035pt-6ptBtcTools.io
2024-06-25 00:00:0041pt-3ptBtcTools.io
2024-06-24 16:00:0044pt-11ptBtcTools.io
2024-06-24 08:00:0055pt0ptBtcTools.io
2024-06-27 00:00:0040pt-6ptCoinstats.app
2024-06-26 00:00:0046pt16ptCoinstats.app
2024-06-25 00:00:0030pt-21ptCoinstats.app
2024-06-24 10:00:0051pt-2ptCoinstats.app
2024-06-24 08:00:0053pt0ptCoinstats.app
2024-06-27 00:00:0040pt-6ptLookIntoBitcoin.com
2024-06-27 00:00:0046pt0ptLookIntoBitcoin.com
2024-06-26 20:00:0046pt-5ptLookIntoBitcoin.com
2024-06-26 00:00:0051pt0ptLookIntoBitcoin.com
2024-06-25 00:00:0051pt0ptLookIntoBitcoin.com

Bitcoin: Active Addresses

The Bitcoin Address Indicators table provides insights into the active addresses and wallet balances in the Bitcoin network. The quantity of wallet addresses with various balance values is shown, indicating the level of participation and distribution in the network. It is important to monitor these indicators to understand the network’s activity and potential market impact.

DateAddressesVariationIndicatorSource
2024-06-27 07:00:001,301,215,3080.00%Total Addressesbitaps.com
2024-06-27 07:00:001,248,440,1300.00%Zero Balance Addressesbitaps.com
2024-06-27 07:00:00681,361-0.41%Bitcoin Active Addressesbtc.com
2024-06-27 07:00:00540,7730.00%Addresses with over 0bitaps.com
2024-06-27 07:00:00219,3760.00%Addresses with over 0.0000001bitaps.com
2024-06-27 07:00:003,482,7360.00%Addresses with over 0.000001bitaps.com
2024-06-27 07:00:0010,367,8640.00%Addresses with over 0.00001bitaps.com
2024-06-27 07:00:0013,723,1760.01%Addresses with over 0.0001bitaps.com
2024-06-27 07:00:0011,858,2750.00%Addresses with over 0.001bitaps.com
2024-06-27 07:00:008,031,5580.00%Addresses with over 0.01bitaps.com
2024-06-27 07:00:003,540,8970.00%Addresses with over 0.1bitaps.com
2024-06-27 07:00:00857,7510.00%Addresses with over 1bitaps.com
2024-06-27 07:00:00136,901-0.01%Addresses with over 10bitaps.com
2024-06-27 07:00:0013,8030.00%Addresses with over 100bitaps.com
2024-06-27 07:00:001,9610.00%Addresses with over 1,000bitaps.com
2024-06-27 07:00:001040.00%Addresses with over 10,000bitaps.com
2024-06-27 07:00:0030.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The Economic Events table highlights important upcoming events in the global financial market. These events, such as consumer sentiment indices, inflation expectations, and GDP data, can significantly influence the cryptocurrency market. Traders and investors should stay updated on these events as they may impact market sentiment and volatility.

DateImpactEvent
2024-06-28 14:00:00ModerateConsumer Sentiment Index
2024-06-28 14:00:00ModerateConsumer Sentiment Year-ahead Inflation Expectations
2024-06-28 13:45:00ModerateChicago PMI Index
2024-06-28 12:30:00HighPersonal Income and Outlays Core PCE Price Index – M/M
2024-06-28 12:30:00HighPersonal Income and Outlays Personal Income – M/M
2024-06-28 12:30:00HighPersonal Income and Outlays Personal Consumption Expenditures – M/M
2024-06-28 12:30:00HighPersonal Income and Outlays PCE Price Index – Y/Y
2024-06-28 12:30:00HighPersonal Income and Outlays PCE Price Index – M/M
2024-06-28 12:30:00HighPersonal Income and Outlays Core PCE Price Index – Y/Y
2024-06-27 23:50:00ModerateJPY – Industrial Production (MoM) (May)
2024-06-27 23:30:00ModerateJPY – Tokyo Core CPI (YoY) (Jun)
2024-06-27 20:30:00ModerateUSD – FedΒ΄s Balance Sheet
2024-06-27 20:30:00ModerateUSD – Fed Bank Stress Test Results
2024-06-27 17:00:00ModerateUSD – 7-Year Note Auction
2024-06-27 14:30:00ModerateUSD – Atlanta Fed GDPNow (Q2)
2024-06-27 14:30:00ModerateEIA Natural Gas Report Week over Week
2024-06-27 14:00:00ModerateUSD – Pending Home Sales (MoM) (May)
2024-06-27 14:00:00ModeratePending Home Sales Index Index
2024-06-27 14:00:00ModeratePending Home Sales Index Month over Month
2024-06-27 12:30:00ModerateUSD – Retail Inventories Ex Auto (May)
2024-06-27 12:30:00HighUSD – Initial Jobless Claims
2024-06-27 12:30:00ModerateUSD – Goods Trade Balance (May)
2024-06-27 12:30:00ModerateUSD – GDP Price Index (QoQ) (Q1)
2024-06-27 12:30:00HighUSD – GDP (QoQ) (Q1)
2024-06-27 12:30:00HighUSD – Durable Goods Orders (MoM) (May)
2024-06-27 12:30:00ModerateUSD – Core PCE Prices (Q1)
2024-06-27 12:30:00ModerateUSD – Core Durable Goods Orders (MoM) (May)
2024-06-27 12:30:00ModerateUSD – Continuing Jobless Claims
2024-06-27 12:30:00HighGDP Quarter over Quarter – Annual Rate
2024-06-27 12:30:00HighJobless Claims Initial Claims – Level
2024-06-27 12:30:00HighInternational Trade in Goods (Advance) Imports – M/M
2024-06-27 12:30:00HighInternational Trade in Goods (Advance) Exports – M/M
2024-06-27 12:30:00HighJobless Claims Initial Claims – Change
2024-06-27 12:30:00HighJobless Claims 4-Week Moving Average
2024-06-27 12:30:00HighDurable Goods Orders Ex-Transportation – M/M
2024-06-27 12:30:00HighInternational Trade in Goods (Advance) Balance
2024-06-27 12:30:00HighDurable Goods Orders Core Capital Goods – M/M
2024-06-27 12:30:00HighGDP Personal Consumption Expenditures – Annual Rate
2024-06-27 12:30:00HighDurable Goods Orders New Orders – M/M
2024-06-27 12:15:00ModerateEUR – ECBΒ΄s Elderson Speaks
2024-06-27 10:00:00ModerateEUR – Eurogroup Meetings
2024-06-27 10:00:00ModerateEUR – Euro Summit
2024-06-27 09:30:00ModerateGBP – BoE Gov Bailey Speaks
2024-06-27 09:10:00ModerateEUR – Italian 10-Year BTP Auction
2024-06-27 09:00:00ModerateGBP – BoE Financial Stability Report
2024-06-26 20:30:00ModerateUSD – Fed Bank Stress Test Results
2024-06-26 17:00:00ModerateUSD – 5-Year Note Auction
2024-06-26 14:30:00ModerateUSD – Cushing Crude Oil Inventories
2024-06-26 14:30:00HighUSD – Crude Oil Inventories
2024-06-26 14:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2024-06-26 14:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2024-06-26 14:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2024-06-26 14:00:00ModerateUSD – New Home Sales (MoM) (May)
2024-06-26 14:00:00HighUSD – New Home Sales (May)
2024-06-26 14:00:00HighNew Home Sales Annual Rate
2024-06-26 12:30:00ModerateCAD – Wholesale Sales (MoM)
2024-06-26 12:30:00ModerateUSD – Building Permits
2024-06-26 12:00:00ModerateUSD – Building Permits
2024-06-26 10:40:00ModerateEUR – ECBΒ΄s Lane Speaks
2024-06-26 10:00:00ModerateEUR – France Jobseekers Total (May)
2024-06-26 10:00:00ModerateEUR – Eurogroup Meetings
2024-06-26 10:00:00ModerateEUR – France Jobseekers Total

Crypto Assets Prices

The Prices table displays the recent price data and variations of major cryptocurrencies. Bitcoin, Ethereum, and Binance Coin are among the cryptocurrencies analyzed. The variations in price and 24-hour trends reflect market dynamics and investor sentiment. It is important to consider these price movements in conjunction with other factors such as market volume and news to gain a holistic understanding of the cryptocurrency market.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-06-27 07:43:00Bitcoin60,826.01-1.40%-1.45-3.09%2.27-0.73%
2024-06-26 07:43:00Bitcoin61,680.001.41%1.644.28%3.00-4.83%
2024-06-25 07:43:00Bitcoin60,808.35-2.83%-2.640.29%7.834.17%
2024-06-27 07:43:00Ethereum3,375.54-0.71%-0.77-1.91%2.780.24%
2024-06-26 07:43:00Ethereum3,399.401.10%1.141.36%2.54-2.24%
2024-06-25 07:43:00Ethereum3,362.01-0.53%-0.213.56%4.780.05%
2024-06-27 07:43:00Binance Coin568.60-1.71%-1.76-2.93%2.26-0.77%
2024-06-26 07:43:00Binance Coin578.301.26%1.171.15%3.03-1.87%
2024-06-25 07:43:00Binance Coin571.00-0.28%0.023.34%4.90-0.14%

CryptocurrencyΒ Capitalization and Volume

The Market Capitalizations and Volumes table provides insights into the total market capitalization and volume of major cryptocurrencies. It is crucial to monitor these metrics as they indicate the overall strength and liquidity of the market. Analyzing these trends can help investors gauge the level of interest and participation in different cryptocurrencies.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-06-27 00:00:00Binance Coin87,994,251,271-0.96%705,910,716-14.57%
2024-06-26 00:00:00Binance Coin88,851,602,6681.81%826,333,034-41.43%
2024-06-25 00:00:00Binance Coin87,271,749,669-1.62%1,410,752,787147.79%
2024-06-27 00:00:00Bitcoin1,198,205,485,428-1.62%22,908,540,919-14.53%
2024-06-26 00:00:00Bitcoin1,217,935,012,7402.44%26,801,788,967-35.67%
2024-06-25 00:00:00Bitcoin1,188,964,670,369-4.74%41,663,335,963286.99%
2024-06-27 00:00:00Ethereum404,420,889,593-0.86%10,009,281,219-23.40%
2024-06-26 00:00:00Ethereum407,935,619,1001.26%13,066,812,887-44.40%
2024-06-25 00:00:00Ethereum402,843,439,309-3.63%23,500,363,100168.24%
2024-06-27 00:00:00Tether112,747,052,708-0.15%34,040,109,693-5.86%
2024-06-26 00:00:00Tether112,916,220,6480.05%36,159,764,560-45.92%
2024-06-25 00:00:00Tether112,854,331,673-0.03%66,865,912,205355.95%

Cryptocurrency Exchanges Volume and Variation

The Exchanges table presents the total volume and variations of major cryptocurrency exchanges. Monitoring exchange volumes can provide insights into market liquidity and trading activity. Changes in volume can indicate investor sentiment and market trends. Traders should keep a close eye on these figures to make informed trading decisions.

DateExchangeVolumeVariation
2024-06-27 00:00:00Binance191,091-15.12%
2024-06-26 00:00:00Binance225,119-32.40%
2024-06-25 00:00:00Binance332,992237.48%
2024-06-27 00:00:00Binance US94-20.34%
2024-06-26 00:00:00Binance US118-48.47%
2024-06-25 00:00:00Binance US229252.31%
2024-06-27 00:00:00Bitfinex2,171-35.75%
2024-06-26 00:00:00Bitfinex3,379-51.66%
2024-06-25 00:00:00Bitfinex6,990304.05%
2024-06-27 00:00:00Bybit59,903-8.70%
2024-06-26 00:00:00Bybit65,612-41.84%
2024-06-25 00:00:00Bybit112,812214.24%
2024-06-27 00:00:00Coinbase37,375-10.70%
2024-06-26 00:00:00Coinbase41,855-27.14%
2024-06-25 00:00:00Coinbase57,447331.74%
2024-06-27 00:00:00Crypto.com23,178-9.48%
2024-06-26 00:00:00Crypto.com25,605-36.18%
2024-06-25 00:00:00Crypto.com40,122294.82%
2024-06-27 00:00:00Gate.io33,264-8.60%
2024-06-26 00:00:00Gate.io36,395-36.90%
2024-06-25 00:00:00Gate.io57,675171.02%
2024-06-27 00:00:00Kraken9,623-17.66%
2024-06-26 00:00:00Kraken11,687-28.45%
2024-06-25 00:00:00Kraken16,335390.10%
2024-06-27 00:00:00KuCoin9,367-15.69%
2024-06-26 00:00:00KuCoin11,110-35.07%
2024-06-25 00:00:00KuCoin17,110177.17%
2024-06-27 00:00:00OKX24,962-24.50%
2024-06-26 00:00:00OKX33,062-38.79%
2024-06-25 00:00:00OKX54,012198.00%

Mining – Blockchain Technology

The Mining table showcases important metrics related to cryptocurrency mining, such as mining difficulty, mined blocks, block rewards, and hash rate. These metrics reflect the computational power and activity in the mining ecosystem. Mining data provides valuable insights into the overall health and security of the blockchain network.

Item2024-06-272024-06-262024-06-252024-06-242024-06-232024-06-222024-06-21
Difficulty83.68T83.68T83.68T83.68T83.68T83.68T83.72T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%-0.05%0.00%
Blocks849.62K849.50K849.37K849.22K849.11K848.96K848.82K
Blocks Variation0.01%0.01%0.02%0.01%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 GB495.02B520.09B628.29B645.21B343.40B415.95B158.14B
Hash Rate GB Variation-4.82%-17.22%-2.62%87.89%-17.44%163.03%-66.07%

Conclusion

In conclusion, the cryptocurrency market is currently experiencing a neutral to slightly upward trend. Positive news surrounding Bitcoin, Ethereum, and Cardano has contributed to the overall positive sentiment. However, caution is advised as concerns about potential sell-offs and negative factors persist. Monitoring support levels, market trends, and upcoming economic events will be crucial in assessing the market’s direction.

So What

The current state of the cryptocurrency market has practical implications for investors and traders. It is essential to closely monitor market trends, news, and economic events to make informed decisions. Consideration of both positive and negative factors, along with technical analysis, can help navigate the market effectively.

What next?

Looking ahead, it is important to stay updated on market developments and news. The cryptocurrency market is highly dynamic, and trends can change rapidly. Traders and investors should continue to monitor market sentiment, key indicators, and upcoming events to make well-informed 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.

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