Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market is currently showing a neutral trend with a slight upward momentum expected in the next 8 hours. Based on the analysis of the provided data tables, several positive factors indicate a potential increase in market performance. However, it’s important to note the uncertainty and cautious sentiment surrounding certain negative keywords and events. The analysis is based on up-to-date information as of 2024-03-18 and provides a moderate level of confidence in the trend forecast.
What is important
In the current state of the cryptocurrency market, several key points are essential to understanding its dynamics. Firstly, Bitcoin and Ethereum continue to be the leading cryptocurrencies, with significant price movements observed in the past 24 hours. Additionally, positive news and innovations related to blockchain technology, scalability solutions, and new cryptocurrencies are contributing to the market’s overall positive sentiment. It’s crucial to keep an eye on regulatory developments and potential risks associated with security breaches and hacking incidents that could impact investor confidence.
Top 5 – Latest Headlines & Cryptocurrency News
- Crypto Prices Today March 18: Bitcoin At $68K, Ethereum At 3600, PEPE Rebounds As WIF Rallies 30%– Bitcoin and Ethereum prices surge, while Pepe rebounds as WIF rallies 30%.
- Ethereum Fees Dropping Will Power The Next Wave In Crypto Innovation– Ethereum fees dropping will power the next wave in crypto innovation.
- New Solana-Based Memecoin Explodes After Binance Launches Perpetual Futures Support– A new Solana-based memecoin experiences explosive growth after Binance introduces perpetual futures support.
- Ethereum Price Grinds Lower, Why Pullback Is Not Over Yet– The Ethereum price is gradually declining towards $3,400.
- Milady Founder Claims Hack After Millions in ETH and NFTs Drained– Milady founder claims hack after millions in ETH and NFTs drained.
Factors Driving the Growth – Market Sentiment
The analysis of the positive and negative keywords in the news indicates mixed sentiment within the cryptocurrency market. Positive keywords such as ‘binance,’ ‘ethereum fees dropping,’ and ‘new Solana-based memecoin explodes’ highlight positive developments and innovations. However, negative keywords like ‘ethereum price grinds lower’ and ‘Milady founder claims hack’ introduce cautionary elements. Overall, while positive sentiment prevails, it’s important to monitor developments closely to gauge market reaction and potential risks.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 28 | binance |
| 26 | cryptocurrency market |
| 25 | solana |
| 18 | bitcoin |
| 12 | cryptocurrency exchange |
| 10 | ethereum |
| 6 | $200 |
| 6 | cryptocurrency |
| 5 | altcoins |
| 5 | cardano |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 11 | bitcoin |
| 5 | binance |
| 4 | founder |
| 4 | insider trading |
| 4 | nfts |
| 3 | crypto ponzi scheme |
| 3 | cryptocurrencies |
| 3 | danger zone |
| 3 | eth |
| 3 | milady |
Crypto Investor Fear & Greed Index
The fear and greed indicators show a predominantly positive sentiment within the cryptocurrency market. The majority of the indicators reflect levels of fear and greed that are conducive to market growth and bullish sentiment. This suggests that investors are optimistic about the market’s potential for long-term growth. However, it’s important to consider the potential impact of market volatility and the need for cautious risk management strategies in this dynamic environment.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-03-18 00:00:00 | 77pt | -2pt | Alternative.me |
| 2024-03-18 00:00:00 | 79pt | 0pt | Alternative.me |
| 2024-03-17 00:00:00 | 79pt | -2pt | Alternative.me |
| 2024-03-17 00:00:00 | 81pt | 0pt | Alternative.me |
| 2024-03-16 00:00:00 | 81pt | -2pt | Alternative.me |
| 2024-03-16 00:00:00 | 83pt | 0pt | Alternative.me |
| 2024-03-18 00:00:00 | 79pt | -2pt | BitDegree.org |
| 2024-03-17 00:00:00 | 81pt | -2pt | BitDegree.org |
| 2024-03-16 00:00:00 | 83pt | 0pt | BitDegree.org |
| 2024-03-18 08:00:00 | 73pt | -1pt | BtcTools.io |
| 2024-03-18 00:00:00 | 74pt | 0pt | BtcTools.io |
| 2024-03-17 16:00:00 | 74pt | 1pt | BtcTools.io |
| 2024-03-17 08:00:00 | 73pt | -2pt | BtcTools.io |
| 2024-03-17 00:00:00 | 75pt | -2pt | BtcTools.io |
| 2024-03-16 08:00:00 | 77pt | 2pt | BtcTools.io |
| 2024-03-16 00:00:00 | 75pt | 2pt | BtcTools.io |
| 2024-03-15 16:00:00 | 73pt | 0pt | BtcTools.io |
| 2024-03-18 00:00:00 | 77pt | -2pt | Coinstats.app |
| 2024-03-17 00:00:00 | 79pt | -2pt | Coinstats.app |
| 2024-03-16 00:00:00 | 81pt | -2pt | Coinstats.app |
| 2024-03-16 00:00:00 | 83pt | 0pt | Coinstats.app |
| 2024-03-18 00:00:00 | 77pt | -2pt | LookIntoBitcoin.com |
| 2024-03-18 00:00:00 | 79pt | 0pt | LookIntoBitcoin.com |
| 2024-03-17 08:00:00 | 79pt | -2pt | LookIntoBitcoin.com |
| 2024-03-17 00:00:00 | 81pt | 0pt | LookIntoBitcoin.com |
| 2024-03-16 00:00:00 | 81pt | -2pt | LookIntoBitcoin.com |
| 2024-03-16 00:00:00 | 83pt | 0pt | LookIntoBitcoin.com |
Bitcoin: Active Addresses
The Bitcoin address indicators provide insights into the activity and growth of Bitcoin wallets. The data suggests a steady increase in active addresses, indicating growing adoption and participation in the Bitcoin network. This trend aligns with the positive sentiment observed in the market. However, it’s important to monitor variations and consider additional factors such as wallet balances and transaction volumes for a more comprehensive analysis of the Bitcoin ecosystem.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-03-18 14:00:00 | 1,250,107,865 | 0.00% | Total Addresses | bitaps.com |
| 2024-03-18 14:00:00 | 923,510 | 0.99% | Bitcoin Active Addresses | btc.com |
| 2024-03-18 14:00:00 | 540,583 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-03-18 14:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-03-18 14:00:00 | 2,893,817 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-03-18 14:00:00 | 9,715,701 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-03-18 14:00:00 | 13,299,837 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-03-18 14:00:00 | 12,072,465 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-03-18 14:00:00 | 8,057,127 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-03-18 14:00:00 | 3,552,036 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-03-18 14:00:00 | 865,229 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-03-18 14:00:00 | 138,909 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-03-18 14:00:00 | 13,882 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-03-18 14:00:00 | 1,909 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-03-18 14:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-03-18 14:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The analysis of economic events in the global financial market provides insights into important factors that may impact the cryptocurrency market. Key events, such as Treasury International Capital Net Long-Term Securities Transactions and Housing Starts and Permits, can influence investor sentiment and drive market movements. Monitoring these events and their potential impact on cryptocurrency values is crucial to understanding and predicting market trends.
| Date | Impact | Event |
|---|---|---|
| 2024-03-19 20:00:00 | Moderate | Treasury International Capital Net Long-Term Securities Transactions |
| 2024-03-19 12:30:00 | High | Housing Starts and Permits Permits – Annual Rate |
| 2024-03-19 12:30:00 | High | Housing Starts and Permits Starts – Annual Rate |
| 2024-03-18 20:00:00 | Moderate | NZD – Westpac Consumer Sentiment |
| 2024-03-18 14:00:00 | Moderate | Housing Market Index Index |
| 2024-03-18 12:30:00 | Moderate | CAD – RMPI (MoM) (Feb) |
| 2024-03-18 10:15:00 | Moderate | EUR – German Buba Vice President Buch Speaks |
| 2024-03-18 10:00:00 | Moderate | EUR – Trade Balance (Jan) |
| 2024-03-18 10:00:00 | High | EUR – CPI (YoY) (Feb) |
| 2024-03-18 10:00:00 | Moderate | EUR – CPI (MoM) (Feb) |
| 2024-03-18 10:00:00 | Moderate | EUR – Core CPI (YoY) (Feb) |
| 2024-03-18 02:00:00 | Moderate | CNY – NBS Press Conference |
| 2024-03-18 02:00:00 | Moderate | CNY – Chinese Unemployment Rate (Jan) |
| 2024-03-18 02:00:00 | Moderate | CNY – Chinese Industrial Production YTD (YoY) (Feb) |
| 2024-03-18 02:00:00 | Moderate | CNY – Industrial Production (YoY) (Feb) |
| 2024-03-18 02:00:00 | Moderate | CNY – Fixed Asset Investment (YoY) (Feb) |
Crypto Assets Prices
The analysis of cryptocurrency prices reveals a positive sentiment in the market, with Bitcoin and Ethereum experiencing upward movements. Notably, Bitcoin’s price has surpassed the $68,000 mark, indicating strong bullish momentum. Ethereum’s fees dropping is another positive sign, supporting future innovation and scalability. These price movements suggest growing confidence in the market, but it’s essential to closely monitor any potential pullbacks or market corrections.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-03-17 14:40:00 | Bitcoin | 67,375.54 | -0.72% | -1.20 | -0.09% | 6.15 | 1.35% |
| 2024-03-16 14:40:00 | Bitcoin | 67,857.72 | -0.36% | -1.11 | 3.89% | 4.80 | -5.60% |
| 2024-03-15 14:40:00 | Bitcoin | 68,102.70 | 0.00% | -5.00 | 0.00% | 10.40 | 0.00% |
| 2024-03-17 14:40:00 | Ethereum | 3,590.39 | -1.73% | -2.04 | -0.20% | 7.97 | 2.43% |
| 2024-03-16 14:40:00 | Ethereum | 3,652.61 | -1.40% | -1.83 | 2.89% | 5.54 | -4.65% |
| 2024-03-15 14:40:00 | Ethereum | 3,703.64 | 0.00% | -4.72 | 0.00% | 10.20 | 0.00% |
| 2024-03-17 14:40:00 | Binance Coin | 578.20 | -3.15% | -3.33 | -4.81% | 9.73 | -1.22% |
| 2024-03-16 14:40:00 | Binance Coin | 596.40 | 2.00% | 1.48 | 3.85% | 10.95 | -2.19% |
| 2024-03-15 14:40:00 | Binance Coin | 584.50 | 0.00% | -2.37 | 0.00% | 13.14 | 0.00% |
Cryptocurrency Capitalization and Volume
The market capitalizations and volumes of major cryptocurrencies display positive trends, indicating an overall growing market. Bitcoin, Ethereum, and Binance Coin exhibit capitalization and volume variations that align with the positive sentiment observed in the market. These trends reflect increasing market interest and activity. However, it’s important to note that variations in capitalization and volume can be influenced by various factors, including market demand and investor sentiment.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-03-18 00:00:00 | Binance Coin | 87,793,351,766 | -0.67% | 3,462,014,799 | -28.61% |
| 2024-03-17 00:00:00 | Binance Coin | 88,382,508,261 | -7.29% | 4,849,246,582 | -35.12% |
| 2024-03-16 00:00:00 | Binance Coin | 95,332,139,988 | 2.66% | 7,474,390,848 | 16.35% |
| 2024-03-18 00:00:00 | Bitcoin | 1,344,994,502,678 | 4.88% | 44,091,741,230 | -10.54% |
| 2024-03-17 00:00:00 | Bitcoin | 1,282,404,282,863 | -6.23% | 49,287,471,278 | -39.98% |
| 2024-03-16 00:00:00 | Bitcoin | 1,367,669,237,528 | -2.58% | 82,122,582,823 | 31.76% |
| 2024-03-18 00:00:00 | Ethereum | 437,239,228,323 | 3.61% | 22,102,235,947 | 8.59% |
| 2024-03-17 00:00:00 | Ethereum | 422,006,707,853 | -6.06% | 20,353,201,504 | -47.64% |
| 2024-03-16 00:00:00 | Ethereum | 449,221,029,693 | -3.50% | 38,870,095,867 | 41.12% |
| 2024-03-18 00:00:00 | Tether | 103,398,029,908 | 0.47% | 73,277,740,687 | -18.01% |
| 2024-03-17 00:00:00 | Tether | 102,917,484,336 | -0.44% | 89,376,623,039 | -33.80% |
| 2024-03-16 00:00:00 | Tether | 103,373,346,487 | 0.43% | 135,004,182,690 | 64.48% |
Cryptocurrency Exchanges Volume and Variation
The analysis of exchanges in the cryptocurrency market reflects mixed sentiment. Binance, Bitfinex, and Crypto.com show varying volumes, indicating different levels of activity and demand. Monitoring these exchanges’ performance is crucial as they play a significant role in facilitating cryptocurrency transactions. Additionally, close attention should be paid to any significant variations or events that may impact the market.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-03-18 00:00:00 | Binance | 499,198 | -18.30% |
| 2024-03-17 00:00:00 | Binance | 611,046 | -26.22% |
| 2024-03-16 00:00:00 | Binance | 828,246 | 20.50% |
| 2024-03-18 00:00:00 | Binance US | 586 | -7.13% |
| 2024-03-17 00:00:00 | Binance US | 631 | -32.30% |
| 2024-03-16 00:00:00 | Binance US | 932 | 3.67% |
| 2024-03-18 00:00:00 | Bitfinex | 8,462 | 15.66% |
| 2024-03-17 00:00:00 | Bitfinex | 7,316 | -31.25% |
| 2024-03-16 00:00:00 | Bitfinex | 10,642 | 34.42% |
| 2024-03-18 00:00:00 | Bybit | 85,665 | -15.11% |
| 2024-03-17 00:00:00 | Bybit | 100,918 | -30.57% |
| 2024-03-16 00:00:00 | Bybit | 145,355 | 40.39% |
| 2024-03-18 00:00:00 | Coinbase | 56,767 | -10.85% |
| 2024-03-17 00:00:00 | Coinbase | 63,678 | -46.43% |
| 2024-03-16 00:00:00 | Coinbase | 118,866 | 20.66% |
| 2024-03-18 00:00:00 | Crypto.com | 26,791 | -3.16% |
| 2024-03-17 00:00:00 | Crypto.com | 27,666 | -14.26% |
| 2024-03-16 00:00:00 | Crypto.com | 32,267 | 27.11% |
| 2024-03-18 00:00:00 | Gate.io | 35,607 | -29.86% |
| 2024-03-17 00:00:00 | Gate.io | 50,769 | 7.99% |
| 2024-03-16 00:00:00 | Gate.io | 47,012 | 19.27% |
| 2024-03-18 00:00:00 | Kraken | 17,253 | -8.35% |
| 2024-03-17 00:00:00 | Kraken | 18,824 | -43.82% |
| 2024-03-16 00:00:00 | Kraken | 33,506 | 9.88% |
| 2024-03-18 00:00:00 | KuCoin | 37,480 | -24.11% |
| 2024-03-17 00:00:00 | KuCoin | 49,390 | -9.28% |
| 2024-03-16 00:00:00 | KuCoin | 54,440 | 11.81% |
| 2024-03-18 00:00:00 | OKX | 78,006 | -13.83% |
| 2024-03-17 00:00:00 | OKX | 90,528 | -28.89% |
| 2024-03-16 00:00:00 | OKX | 127,311 | 25.84% |
Mining – Blockchain Technology
The mining indicators provide insights into the mining difficulty, block rewards, and hash rate of major cryptocurrencies. Bitcoin, Ethereum, and other cryptocurrencies exhibit stable mining difficulty and rewards. The hash rate, representing the computational mining capacity, fluctuates in response to market dynamics. These indicators underscore the continued activity and growth in the cryptocurrency mining sector. However, it’s important to consider potential challenges related to energy consumption and environmental impact.
| Item | 2024-03-18 | 2024-03-17 | 2024-03-16 | 2024-03-15 | 2024-03-14 | 2024-03-13 | 2024-03-12 |
|---|---|---|---|---|---|---|---|
| Difficulty | 83.95T | 83.95T | 83.95T | 83.95T | 79.35T | 79.35T | 79.35T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 5.79% | 0.00% | 0.00% | 0.00% |
| Blocks | 835.14K | 835.00K | 834.85K | 834.73K | 834.59K | 834.43K | 834.29K |
| Blocks Variation | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Reward BTC | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| Reward BTC Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Hash Rate GB | 609.27B | 600.92B | 525.81B | 575.88B | 631.13B | 552.24B | 666.63B |
| Hash Rate GB Variation | 1.39% | 14.29% | -8.70% | -8.75% | 14.29% | -17.16% | 19.86% |
Conclusion
In conclusion, the cryptocurrency market currently displays a neutral trend with a slight upward momentum. Positive indicators, such as price movements, increasing active addresses, and growing market capitalizations, contribute to a positive sentiment. However, caution is required as negative keywords, potential security risks, and regulatory developments may impact sentiment. The analysis provides a moderate level of confidence in the trend forecast for the next 8 hours.
So What
The current state of the cryptocurrency market carries practical implications for investors and industry stakeholders. Riding the positive sentiment wave, investors may consider strategic positions in cryptocurrencies with strong market capitalization and positive news developments. Additionally, staying informed about potential risks, regulatory changes, and security measures is vital to navigate the market successfully.
What next?
Looking ahead, the cryptocurrency market is expected to continue its growth trajectory, driven by ongoing technological innovations, institutional adoption, and positive market sentiment. However, market participants should remain vigilant and monitor evolving factors that may impact the market’s stability. Regulatory developments and potential security risks may introduce short-term volatility, but the long-term outlook for the cryptocurrency market remains promising.
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.
