Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market is currently showing a neutral trend with a slight upward movement. This analysis is based on the latest data available from the provided tables, which cover the last 24 hours. While there are positive keywords and news indicating potential growth and positive sentiment, it is essential to consider the overall market conditions and uncertainties. Confidence in this analysis is moderate, considering the inherent volatility and unpredictability of the cryptocurrency market.
What is important
The current state of the cryptocurrency market is influenced by several factors. Key points to understand include the market capitalizations and volumes, the performance of major cryptocurrencies like Bitcoin and Ethereum, economic events impacting the market, and the sentiment analysis through positive and negative keywords. Additionally, monitoring the activity of exchanges and mining activities provides insights into market trends and investor sentiment.
Top 5 – Latest Headlines & Cryptocurrency News
- Solana´s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 Billion– Solana´s decentralized exchange platforms surpass Ethereum in daily trading volume, reaching over $2.8 billion.
- Taiwan Acknowledges Binance for Cooperating With Domestic Law Agencies– Taiwan acknowledges Binance for cooperating with domestic law agencies.
- Solana DeFi TVL Rockets 80%: Anticipating The Impact On SOL Price– The total value locked (TVL) in Solana DeFi protocols has increased by 80%, resulting in a positive impact on the price of Solana.
- Solana, Toncoin, Green Bitcoin Among Top Crypto Gainers This Monday– Solana, TONcoin, and Green Bitcoin were among the top crypto gainers on Monday.
- Binance CEO Richard Teng Predicts Bitcoin Breaking $80,000 Fueled by ETF Inflows– Binance CEO predicts Bitcoin price of $80k and expects ETF inflows.
Factors Driving the Growth – Market Sentiment
The analysis of the ‘Positive Keywords’ and ‘Negative Keywords’ tables reveals significant mentions of Bitcoin, Binance, Solana, and cryptocurrency-related topics. This suggests a strong focus on these cryptocurrencies and their respective market activities, indicating potential interest from investors and traders. It is noteworthy that the positive sentiment outweighs the negative sentiment in the mentioned keywords, implying an overall optimistic outlook in the news and discussions surrounding the cryptocurrency market.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 35 | bitcoin |
| 31 | binance |
| 28 | cryptocurrency market |
| 19 | solana |
| 14 | cryptocurrency exchange |
| 13 | standard chartered |
| 12 | ethereum |
| 9 | price |
| 8 | shiba inu |
| 7 | cardano |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 17 | bitcoin |
| 10 | binance |
| 7 | solana |
| 6 | cryptocurrency market |
| 6 | insider trading |
| 6 | sec |
| 4 | crash |
| 4 | cryptocurrencies |
| 4 | ethereum |
| 4 | slerf |
Crypto Investor Fear & Greed Index
The ‘Fear and Greed Indicators’ table provides insights into the market sentiment based on fear and greed levels. Currently, the indicators show a neutral sentiment. While some indicators lean toward fear or greed, the absence of extreme levels suggests a balanced market sentiment. However, it is important to consider other factors, such as economic events and market performance, to gain a comprehensive understanding of the cryptocurrency market sentiment.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-03-19 00:00:00 | 79pt | 2pt | Alternative.me |
| 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 |
| 2024-03-19 00:00:00 | 77pt | -2pt | BitDegree.org |
| 2024-03-18 00:00:00 | 79pt | -2pt | BitDegree.org |
| 2024-03-17 00:00:00 | 81pt | 0pt | BitDegree.org |
| 2024-03-19 08:00:00 | 61pt | -6pt | BtcTools.io |
| 2024-03-19 00:00:00 | 67pt | -5pt | BtcTools.io |
| 2024-03-18 16:00:00 | 72pt | -1pt | BtcTools.io |
| 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 | 0pt | BtcTools.io |
| 2024-03-19 00:00:00 | 79pt | 2pt | Coinstats.app |
| 2024-03-18 00:00:00 | 77pt | -2pt | Coinstats.app |
| 2024-03-17 00:00:00 | 79pt | 0pt | Coinstats.app |
| 2024-03-19 00:00:00 | 77pt | 0pt | LookIntoBitcoin.com |
| 2024-03-19 00:00:00 | 79pt | 2pt | LookIntoBitcoin.com |
| 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 |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table highlights the number and variation of active addresses and wallet balances. The dataset suggests fluctuating activity in different types of addresses and balances, representing ongoing transactions and participant behavior. Analyzing the data over time can provide insights into market participants’ engagement and interest in Bitcoin.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-03-19 05:00:00 | 1,250,107,865 | 0.00% | Total Addresses | bitaps.com |
| 2024-03-19 05:00:00 | 927,264 | 0.24% | Bitcoin Active Addresses | btc.com |
| 2024-03-19 05:00:00 | 540,583 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-03-19 05:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-03-19 05:00:00 | 2,893,817 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-03-19 05:00:00 | 9,715,701 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-03-19 05:00:00 | 13,299,837 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-03-19 05:00:00 | 12,072,465 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-03-19 05:00:00 | 8,057,127 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-03-19 05:00:00 | 3,552,036 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-03-19 05:00:00 | 865,229 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-03-19 05:00:00 | 138,909 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-03-19 05:00:00 | 13,882 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-03-19 05:00:00 | 1,909 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-03-19 05:00:00 | 107 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-03-19 05:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table showcases significant financial events and their potential impact on the cryptocurrency market. These events range from macroeconomic indicators to specific reports related to cryptocurrencies. Monitoring economic events can provide insights into market dynamics and anticipate potential market reactions.
| Date | Impact | Event |
|---|---|---|
| 2024-03-20 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-03-20 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-03-20 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-03-19 21:45:00 | Moderate | NZD – Current Account (YoY) (Q4) |
| 2024-03-19 21:45:00 | Moderate | NZD – Current Account (QoQ) (Q4) |
| 2024-03-19 20:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-03-19 20:00:00 | Moderate | NZD – Westpac Consumer Sentiment |
| 2024-03-19 20:00:00 | Moderate | USD – TIC Net Long-Term Transactions (Jan) |
| 2024-03-19 20:00:00 | Moderate | Treasury International Capital Net Long-Term Securities Transactions |
| 2024-03-19 17:00:00 | Moderate | USD – 20-Year Bond Auction |
| 2024-03-19 16:30:00 | Moderate | USD – Atlanta Fed GDPNow (Q1) |
| 2024-03-19 12:30:00 | Moderate | CAD – CPI (MoM) (Feb) |
| 2024-03-19 12:30:00 | Moderate | CAD – Core CPI (MoM) (Feb) |
| 2024-03-19 12:30:00 | Moderate | CAD – Core CPI (YoY) (Feb) |
| 2024-03-19 12:30:00 | Moderate | USD – Housing Starts (Feb) |
| 2024-03-19 12:30:00 | Moderate | USD – Housing Starts (MoM) (Feb) |
| 2024-03-19 12:30:00 | Moderate | USD – Building Permits (Feb) |
| 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 |
| 2024-03-19 10:00:00 | Moderate | EUR – ZEW Economic Sentiment (Mar) |
| 2024-03-19 10:00:00 | Moderate | EUR – Wages in euro zone (YoY) (Q4) |
| 2024-03-19 10:00:00 | Moderate | EUR – German ZEW Economic Sentiment (Mar) |
| 2024-03-19 10:00:00 | Moderate | EUR – German ZEW Current Conditions (Mar) |
| 2024-03-19 08:30:00 | Moderate | EUR – ECB´s De Guindos Speaks |
| 2024-03-19 06:30:00 | Moderate | JPY – BoJ Press Conference |
| 2024-03-19 05:26:00 | High | JPY – BoJ Interest Rate Decision |
| 2024-03-19 04:30:00 | Moderate | JPY – Industrial Production (MoM) (Jan) |
| 2024-03-19 03:35:00 | High | JPY – BoJ Interest Rate Decision |
| 2024-03-19 03:35:00 | Moderate | JPY – BoJ Monetary Policy Statement |
| 2024-03-19 03:30:00 | High | JPY – BoJ Interest Rate Decision |
| 2024-03-19 03:30:00 | Moderate | JPY – BoJ Monetary Policy Statement |
| 2024-03-19 03:30:00 | Moderate | AUD – RBA Rate Statement |
| 2024-03-19 03:30:00 | High | AUD – RBA Interest Rate Decision (Mar) |
| 2024-03-19 03:20:00 | High | JPY – BoJ Interest Rate Decision |
| 2024-03-19 03:20:00 | Moderate | JPY – BoJ Monetary Policy Statement |
| 2024-03-19 03:15:00 | High | JPY – BoJ Interest Rate Decision |
| 2024-03-19 03:15:00 | Moderate | JPY – BoJ Monetary Policy Statement |
| 2024-03-19 03:10:00 | High | JPY – BoJ Interest Rate Decision |
| 2024-03-19 03:10:00 | Moderate | JPY – BoJ Monetary Policy Statement |
| 2024-03-19 03:05:00 | High | JPY – BoJ Interest Rate Decision |
| 2024-03-19 03:05:00 | Moderate | JPY – BoJ Monetary Policy Statement |
| 2024-03-19 03:00:00 | High | JPY – BoJ Interest Rate Decision |
| 2024-03-19 02:30:00 | Moderate | JPY – BoJ Monetary Policy Statement |
| 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) |
Crypto Assets Prices
The ‘Prices’ table reflects the price variation and volatility of major cryptocurrencies. It demonstrates the potential volatility and fluctuations in market prices. Monitoring price movements and analyzing historical trends can help investors and traders make informed decisions.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-03-19 08:11:00 | Bitcoin | 64,438.16 | -5.56% | -5.29 | -7.54% | 7.94 | 3.88% |
| 2024-03-18 08:11:00 | Bitcoin | 68,021.11 | 3.83% | 2.25 | 7.48% | 4.07 | -3.09% |
| 2024-03-17 08:11:00 | Bitcoin | 65,415.19 | -5.95% | -5.23 | -8.57% | 7.16 | -0.54% |
| 2024-03-19 08:11:00 | Ethereum | 3,340.64 | -8.05% | -7.15 | -8.64% | 9.34 | 5.08% |
| 2024-03-18 08:11:00 | Ethereum | 3,609.54 | 4.13% | 1.49 | 8.42% | 4.26 | -5.11% |
| 2024-03-17 08:11:00 | Ethereum | 3,460.60 | -7.84% | -6.93 | -8.84% | 9.37 | 2.74% |
| 2024-03-19 08:11:00 | Binance Coin | 525.90 | -8.99% | -8.01 | -8.50% | 12.24 | 4.87% |
| 2024-03-18 08:11:00 | Binance Coin | 573.20 | 2.56% | 0.49 | 9.34% | 7.36 | -6.65% |
| 2024-03-17 08:11:00 | Binance Coin | 558.50 | -9.79% | -8.85 | -18.07% | 14.02 | -5.27% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table measures the total market capitalization and volume of major cryptocurrencies. Understanding the market capitalization and volume trends can provide insights into the current valuation and liquidity of cryptocurrencies, indicating market activity and potential investor sentiment.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-03-19 00:00:00 | Binance Coin | 85,151,500,057 | -3.01% | 5,057,133,520 | 46.07% |
| 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% |
| 2024-03-19 00:00:00 | Bitcoin | 1,328,951,964,071 | -1.19% | 52,412,502,362 | 18.87% |
| 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% |
| 2024-03-19 00:00:00 | Ethereum | 422,563,281,409 | -3.36% | 24,162,592,786 | 9.32% |
| 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% |
| 2024-03-19 00:00:00 | Tether | 103,366,532,541 | -0.03% | 91,908,293,770 | 25.42% |
| 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% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table provides data on the trading volume and variation of major cryptocurrency exchanges. Monitoring exchange activity offers insights into market liquidity and investor interest in different cryptocurrencies. Analyzing exchange data can help understand market trends and the popularity of specific cryptocurrencies.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-03-19 00:00:00 | Binance | 604,640 | 21.12% |
| 2024-03-18 00:00:00 | Binance | 499,198 | -18.30% |
| 2024-03-17 00:00:00 | Binance | 611,046 | -26.22% |
| 2024-03-19 00:00:00 | Binance US | 525 | -10.41% |
| 2024-03-18 00:00:00 | Binance US | 586 | -7.13% |
| 2024-03-17 00:00:00 | Binance US | 631 | -32.30% |
| 2024-03-19 00:00:00 | Bitfinex | 5,810 | -31.34% |
| 2024-03-18 00:00:00 | Bitfinex | 8,462 | 15.66% |
| 2024-03-17 00:00:00 | Bitfinex | 7,316 | -31.25% |
| 2024-03-19 00:00:00 | Bybit | 93,988 | 9.72% |
| 2024-03-18 00:00:00 | Bybit | 85,665 | -15.11% |
| 2024-03-17 00:00:00 | Bybit | 100,918 | -30.57% |
| 2024-03-19 00:00:00 | Coinbase | 65,821 | 15.95% |
| 2024-03-18 00:00:00 | Coinbase | 56,767 | -10.85% |
| 2024-03-17 00:00:00 | Coinbase | 63,678 | -46.43% |
| 2024-03-19 00:00:00 | Crypto.com | 27,886 | 4.09% |
| 2024-03-18 00:00:00 | Crypto.com | 26,791 | -3.16% |
| 2024-03-17 00:00:00 | Crypto.com | 27,666 | -14.26% |
| 2024-03-19 00:00:00 | Gate.io | 38,215 | 7.32% |
| 2024-03-18 00:00:00 | Gate.io | 35,607 | -29.86% |
| 2024-03-17 00:00:00 | Gate.io | 50,769 | 7.99% |
| 2024-03-19 00:00:00 | Kraken | 21,507 | 24.66% |
| 2024-03-18 00:00:00 | Kraken | 17,253 | -8.35% |
| 2024-03-17 00:00:00 | Kraken | 18,824 | -43.82% |
| 2024-03-19 00:00:00 | KuCoin | 35,964 | -4.04% |
| 2024-03-18 00:00:00 | KuCoin | 37,480 | -24.11% |
| 2024-03-17 00:00:00 | KuCoin | 49,390 | -9.28% |
| 2024-03-19 00:00:00 | OKX | 76,413 | -2.04% |
| 2024-03-18 00:00:00 | OKX | 78,006 | -13.83% |
| 2024-03-17 00:00:00 | OKX | 90,528 | -28.89% |
Mining – Blockchain Technology
The ‘Mining’ table offers information on mining difficulty, mined blocks, block rewards, and hash rate. Monitoring mining activities provides insights into the computational power and participation level in the blockchain network. Evaluating mining activity can help gauge the security and stability of cryptocurrencies.
| Item | 2024-03-19 | 2024-03-18 | 2024-03-17 | 2024-03-16 | 2024-03-15 | 2024-03-14 | 2024-03-13 |
|---|---|---|---|---|---|---|---|
| Difficulty | 83.95T | 83.95T | 83.95T | 83.95T | 83.95T | 79.35T | 79.35T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 5.79% | 0.00% | 0.00% |
| Blocks | 835.29K | 835.14K | 835.00K | 834.85K | 834.73K | 834.59K | 834.43K |
| 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 | 600.92B | 609.27B | 600.92B | 525.81B | 575.88B | 631.13B | 552.24B |
| Hash Rate GB Variation | -1.37% | 1.39% | 14.29% | -8.70% | -8.75% | 14.29% | -17.16% |
Conclusion
In conclusion, the cryptocurrency market is currently experiencing a neutral trend with a slight upward movement. Positive keywords, key news, and various market indicators suggest an overall optimistic sentiment. While the market shows signs of potential growth, it is crucial to remain cautious due to the inherent volatility and uncertainties in the cryptocurrency market.
So What
The practical implications of the current state of the cryptocurrency market involve opportunities for investors and traders to capitalize on potential price movements and market trends. It is essential to stay informed and conduct thorough analysis before making investment decisions.
What next?
Looking ahead, the cryptocurrency market is expected to continue its volatility and unpredictability. Factors such as economic events, regulatory developments, and technological advancements will significantly influence market trends. It is crucial for market participants to stay updated and adapt to the evolving 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.
