Crypto Market Analysis & Trend: Neutral/Trending Up
In the last 24 hours, the cryptocurrency market has shown a neutral/trending up trend. Bitcoin (BTC) has been on the verge of breaking the $90,000 mark, propelled by positive market conditions and a rally in the market. Ethereum (ETH) and Binance Coin (BNB) have also experienced significant price surges, adding to the overall positive sentiment in the market.
Looking at the evidence, Bitcoin has been steadily climbing towards the $90,000 milestone, with multiple news sources reporting on the rally and positive investor sentiment. Its current price, combined with strong volume and low volatility, suggests a potential for further upward movement. Ethereum and Binance Coin, on the other hand, have also enjoyed notable price increases, indicating broader market participation.
While the trend is generally positive, market sentiment can change rapidly. Ongoing developments in the market, such as regulatory decisions and economic events, can impact the overall direction of the cryptocurrency market.
What is important
Key points to understand the current state of the cryptocurrency market include:
1. Bitcoin’s potential breakthrough of the $90,000 mark, indicating a strong bullish sentiment.
2. Ethereum and Binance Coin experiencing significant price surges, contributing to the positive market sentiment.
3. Overall low volatility and high trading volumes, indicating market participation and strong investor interest.
4. Ongoing regulatory and economic events that may influence market sentiment and direction.
It is essential to keep track of both positive and negative news, as it can impact market trends and investment decisions.
Top 5 – Latest Headlines & Cryptocurrency News
- Bitcoin goes ballistic: Investors see quick march to $100K as governments move to enter market– Bitcoin is on the verge of breaking $90k as it continues to rally amidst positive market conditions.
- Dogecoin Price Flashes Weekly Golden Cross That Led To 2021 Rally, Why A $4 Target Is Possible This Time– Dogecoin price rally targets $4.
- Ethereum Price Prediction: ETH to Surge 1,200%, Solana Forecasted for 2,000%, While Cybro Targets a 7,500% Rally This Month– Ethereum, Solana, and Cybro are predicted to have significant price surges in the cryptocurrency market.
- Bitcoin, Ethereum Inflows Surge As Crypto Fund Flows Hit $116 Billion Record High– Inflows of Bitcoin and Ethereum surge as crypto fund flows increase.
- What to know about crypto´s Trump rally as Bitcoin soars past $87,000 to an all-time high– Bitcoin surpasses all-time high, reaching $87,000 after a Trump rally.
Factors Driving the Growth – Market Sentiment
In the last 24 hours, the most mentioned positive sentiment keywords in the news are ‘bitcoin,’ ‘dogecoin,’ ‘cryptocurrency market,’ ‘ethereum,’ and ‘rally.’ On the other hand, the most mentioned negative sentiment keywords include ‘bitcoin,’ ‘binance,’ ‘ftx,’ ‘cardano,’ and ‘changpeng zhao.’ It is crucial to note the frequent mentions of specific cryptocurrencies like Bitcoin and Dogecoin, which indicates the significance of these assets in the market.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 76 | bitcoin |
| 25 | dogecoin |
| 17 | cryptocurrency market |
| 16 | ethereum |
| 13 | $90k |
| 13 | rally |
| 12 | investors |
| 12 | price |
| 12 | surge |
| 8 | cryptocurrencies |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 7 | bitcoin |
| 4 | binance |
| 4 | ftx |
| 3 | cardano |
| 3 | changpeng zhao |
| 3 | lawsuit |
| 3 | trump |
| 2 | $1.76 billion |
| 2 | $1.8 billion |
| 2 | failed crypto exchange |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators for the cryptocurrency market are not available in the provided dataset. Therefore, we cannot determine the sentiment of fear, greed, or extreme fear and greed for the specified time frame.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-11-12 00:00:00 | 80pt | 4pt | Alternative.me |
| 2024-11-11 00:00:00 | 76pt | -2pt | Alternative.me |
| 2024-11-10 00:00:00 | 78pt | 0pt | Alternative.me |
| 2024-11-12 00:00:00 | 80pt | 4pt | Binance.com |
| 2024-11-11 00:00:00 | 76pt | -2pt | Binance.com |
| 2024-11-11 00:00:00 | 78pt | 0pt | Binance.com |
| 2024-11-10 00:00:00 | 78pt | 0pt | Binance.com |
| 2024-11-12 00:00:00 | 80pt | 4pt | BitDegree.org |
| 2024-11-11 00:00:00 | 76pt | -2pt | BitDegree.org |
| 2024-11-10 00:00:00 | 78pt | 0pt | BitDegree.org |
| 2024-11-12 16:00:00 | 88pt | 4pt | BtcTools.io |
| 2024-11-12 08:00:00 | 84pt | 1pt | BtcTools.io |
| 2024-11-12 00:00:00 | 83pt | -2pt | BtcTools.io |
| 2024-11-11 08:00:00 | 85pt | -1pt | BtcTools.io |
| 2024-11-11 00:00:00 | 86pt | 0pt | BtcTools.io |
| 2024-11-10 16:00:00 | 86pt | 4pt | BtcTools.io |
| 2024-11-10 08:00:00 | 82pt | -2pt | BtcTools.io |
| 2024-11-10 00:00:00 | 84pt | 0pt | BtcTools.io |
| 2024-11-12 08:00:00 | 69pt | 1pt | Coinstats.app |
| 2024-11-12 00:00:00 | 68pt | 0pt | Coinstats.app |
| 2024-11-11 18:00:00 | 68pt | -1pt | Coinstats.app |
| 2024-11-11 15:00:00 | 69pt | 6pt | Coinstats.app |
| 2024-11-11 14:00:00 | 63pt | 2pt | Coinstats.app |
| 2024-11-11 00:00:00 | 61pt | 0pt | Coinstats.app |
| 2024-11-10 00:00:00 | 61pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The Bitcoin Address Indicators data is not available in the provided dataset. Therefore, we cannot provide any analysis or insights based on this information.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-11-12 23:00:00 | 1,342,387,802 | 0.00% | Total Addresses | bitaps.com |
| 2024-11-12 23:00:00 | 1,289,781,878 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-11-12 23:00:00 | 1,028,734 | -1.51% | Bitcoin Active Addresses | btc.com |
| 2024-11-12 23:00:00 | 540,538 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-11-12 23:00:00 | 219,382 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-11-12 23:00:00 | 3,900,706 | 0.25% | Addresses with over 0.000001 | bitaps.com |
| 2024-11-12 23:00:00 | 10,671,771 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-11-12 23:00:00 | 13,052,798 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-11-12 23:00:00 | 11,590,190 | -0.03% | Addresses with over 0.001 | bitaps.com |
| 2024-11-12 23:00:00 | 8,084,241 | -0.03% | Addresses with over 0.01 | bitaps.com |
| 2024-11-12 23:00:00 | 3,540,612 | -0.03% | Addresses with over 0.1 | bitaps.com |
| 2024-11-12 23:00:00 | 853,562 | -0.02% | Addresses with over 1 | bitaps.com |
| 2024-11-12 23:00:00 | 135,722 | -0.02% | Addresses with over 10 | bitaps.com |
| 2024-11-12 23:00:00 | 14,291 | -0.06% | Addresses with over 100 | bitaps.com |
| 2024-11-12 23:00:00 | 2,014 | 0.05% | Addresses with over 1,000 | bitaps.com |
| 2024-11-12 23:00:00 | 93 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-11-12 23:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The dataset does not include any information regarding economic events relevant to the cryptocurrency market. Hence, we cannot provide analysis or insights based on economic events in this report.
| Date | Impact | Event |
|---|---|---|
| 2024-11-13 19:00:00 | Moderate | Treasury Statement Balance |
| 2024-11-13 13:30:00 | High | CPI Ex-Food & Energy- M/M |
| 2024-11-13 13:30:00 | High | CPI CPI – M/M |
| 2024-11-13 13:30:00 | High | CPI Ex-Food & Energy- Y/Y |
| 2024-11-13 13:30:00 | High | CPI CPI – Y/Y |
| 2024-11-12 22:00:00 | Moderate | USD – FOMC Member Harker Speaks |
| 2024-11-12 19:00:00 | Moderate | USD – FOMC Member Kashkari Speaks |
| 2024-11-12 16:00:00 | Moderate | USD – NY Fed 1-Year Consumer Inflation Expectations (Oct) |
| 2024-11-12 15:00:00 | Moderate | USD – Fed Waller Speaks |
| 2024-11-12 13:30:00 | Moderate | CAD – Building Permits (MoM) (Sep) |
| 2024-11-12 12:00:00 | Moderate | BRL – Retail Sales (YoY) (Sep) |
| 2024-11-12 12:00:00 | Moderate | BRL – Retail Sales (MoM) (Sep) |
| 2024-11-12 12:00:00 | Moderate | USD – OPEC Monthly Report |
| 2024-11-12 10:30:00 | Moderate | INR – CPI (YoY) (Oct) |
| 2024-11-12 10:00:00 | Moderate | EUR – ZEW Economic Sentiment (Nov) |
| 2024-11-12 10:00:00 | Moderate | EUR – German ZEW Economic Sentiment (Nov) |
| 2024-11-12 10:00:00 | Moderate | EUR – German ZEW Current Conditions (Nov) |
| 2024-11-12 09:00:00 | Moderate | GBP – BoE MPC Member Pill Speaks |
| 2024-11-12 07:00:00 | High | EUR – German CPI (MoM) (Oct) |
| 2024-11-12 07:00:00 | Moderate | EUR – German CPI (YoY) (Oct) |
| 2024-11-12 07:00:00 | Moderate | GBP – Unemployment Rate (Sep) |
| 2024-11-12 07:00:00 | Moderate | GBP – Employment Change 3M/3M (MoM) (Sep) |
| 2024-11-12 07:00:00 | Moderate | GBP – Claimant Count Change (Oct) |
| 2024-11-12 07:00:00 | Moderate | GBP – Average Earnings Index +Bonus (Sep) |
| 2024-11-12 00:30:00 | Moderate | AUD – NAB Business Confidence (Oct) |
Crypto Assets Prices
Based on the provided ‘Prices’ table, Bitcoin has shown a range of price variations, with a slight negative variation of -0.82% observed in the last 24 hours. Ethereum has also experienced a negative variation of -3.49%, while Binance Coin has seen a -3.01% variation. It is important to note that price movements in the cryptocurrency market can be volatile and influenced by various factors such as market sentiment, news events, and trading volumes.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-11-12 23:38:00 | Bitcoin | 87,897.93 | -0.82% | -0.85 | -11.11% | 5.72 | -5.89% |
| 2024-11-11 23:38:00 | Bitcoin | 88,622.46 | 9.14% | 10.27 | 5.26% | 11.61 | 5.06% |
| 2024-11-10 23:38:00 | Bitcoin | 80,517.99 | 4.55% | 5.01 | 4.56% | 6.55 | 5.01% |
| 2024-11-12 23:38:00 | Ethereum | 3,248.01 | -3.49% | -3.67 | -9.26% | 7.32 | -1.70% |
| 2024-11-11 23:38:00 | Ethereum | 3,361.26 | 4.97% | 5.59 | 3.42% | 9.02 | 3.17% |
| 2024-11-10 23:38:00 | Ethereum | 3,194.09 | 1.45% | 2.17 | -4.11% | 5.85 | -1.05% |
| 2024-11-12 23:38:00 | Binance Coin | 628.09 | -3.01% | -4.78 | -7.92% | 9.41 | 3.78% |
| 2024-11-11 23:38:00 | Binance Coin | 647.01 | 2.77% | 3.14 | 2.43% | 5.63 | 0.30% |
| 2024-11-10 23:38:00 | Binance Coin | 629.08 | 0.65% | 0.71 | -3.84% | 5.33 | -1.45% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table indicates the following: Bitcoin maintains its position as the largest cryptocurrency by market capitalization, with a significant increase of 10.05%. Ethereum also shows positive growth, with a 5.71% increase in market capitalization. Binance Coin experiences a slight decrease of -3.01% in market capitalization. These figures reflect the overall positive sentiment and growing interest in cryptocurrencies.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-11-12 00:00:00 | Binance Coin | 95,378,974,304 | 4.05% | 894,518,083 | -66.10% |
| 2024-11-11 00:00:00 | Binance Coin | 91,662,229,696 | 0.62% | 2,638,751,316 | 16.68% |
| 2024-11-10 00:00:00 | Binance Coin | 91,093,095,407 | 4.43% | 2,261,524,725 | 106.13% |
| 2024-11-12 00:00:00 | Bitcoin | 1,751,406,696,462 | 10.05% | 119,170,691,976 | 31.53% |
| 2024-11-11 00:00:00 | Bitcoin | 1,591,530,369,292 | 4.93% | 90,602,902,567 | 209.75% |
| 2024-11-10 00:00:00 | Bitcoin | 1,516,714,825,748 | 0.18% | 29,250,427,452 | -42.05% |
| 2024-11-12 00:00:00 | Ethereum | 406,384,000,326 | 5.71% | 62,476,219,322 | 26.71% |
| 2024-11-11 00:00:00 | Ethereum | 384,434,623,602 | 2.20% | 49,308,228,744 | 61.91% |
| 2024-11-10 00:00:00 | Ethereum | 376,148,860,029 | 5.52% | 30,455,033,591 | -9.60% |
| 2024-11-12 00:00:00 | Tether | 123,439,410,311 | 0.11% | 111,769,080,552 | -10.32% |
| 2024-11-11 00:00:00 | Tether | 123,305,965,711 | 0.24% | 124,633,457,102 | 202.78% |
| 2024-11-10 00:00:00 | Tether | 123,008,444,209 | 0.74% | 41,162,921,917 | -58.21% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table shows the trading volumes on various cryptocurrency exchanges. Binance and Binance US have observed positive trading volume variations, while Bitfinex and Bybit experienced mixed variations. It is important to note the potential impact of exchange-specific factors, liquidity, and trading activities on market trends and price movements.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-11-12 00:00:00 | Binance | 582,425 | 11.81% |
| 2024-11-11 00:00:00 | Binance | 520,892 | 122.24% |
| 2024-11-10 00:00:00 | Binance | 234,382 | -22.30% |
| 2024-11-12 00:00:00 | Binance US | 610 | 7.77% |
| 2024-11-11 00:00:00 | Binance US | 566 | 238.92% |
| 2024-11-10 00:00:00 | Binance US | 167 | -10.22% |
| 2024-11-12 00:00:00 | Bitfinex | 8,250 | -3.50% |
| 2024-11-11 00:00:00 | Bitfinex | 8,549 | 370.76% |
| 2024-11-10 00:00:00 | Bitfinex | 1,816 | -45.10% |
| 2024-11-12 00:00:00 | Bybit | 110,649 | 11.42% |
| 2024-11-11 00:00:00 | Bybit | 99,311 | 77.45% |
| 2024-11-10 00:00:00 | Bybit | 55,966 | -14.08% |
| 2024-11-12 00:00:00 | Coinbase | 102,463 | 35.26% |
| 2024-11-11 00:00:00 | Coinbase | 75,755 | 118.11% |
| 2024-11-10 00:00:00 | Coinbase | 34,732 | -49.07% |
| 2024-11-12 00:00:00 | Crypto.com | 164,566 | 38.42% |
| 2024-11-11 00:00:00 | Crypto.com | 118,886 | 108.20% |
| 2024-11-10 00:00:00 | Crypto.com | 57,101 | -36.89% |
| 2024-11-12 00:00:00 | Gate.io | 128,400 | -13.77% |
| 2024-11-11 00:00:00 | Gate.io | 148,899 | 192.23% |
| 2024-11-10 00:00:00 | Gate.io | 50,953 | -5.01% |
| 2024-11-12 00:00:00 | Kraken | 34,338 | 35.41% |
| 2024-11-11 00:00:00 | Kraken | 25,358 | 157.18% |
| 2024-11-10 00:00:00 | Kraken | 9,860 | -38.72% |
| 2024-11-12 00:00:00 | KuCoin | 36,443 | 43.70% |
| 2024-11-11 00:00:00 | KuCoin | 25,360 | 99.98% |
| 2024-11-10 00:00:00 | KuCoin | 12,681 | -37.05% |
| 2024-11-12 00:00:00 | OKX | 97,367 | 0.53% |
| 2024-11-11 00:00:00 | OKX | 96,858 | 128.92% |
| 2024-11-10 00:00:00 | OKX | 42,311 | -3.39% |
Mining – Blockchain Technology
The ‘Mining’ table provides information about the mining difficulty, mined blocks, block rewards, and hash rate in the cryptocurrency market. However, further analysis and insights cannot be derived from the provided dataset. Mining-related data plays a significant role in the stability and security of cryptocurrencies, but it requires detailed examination, including network metrics and mining trends.
| Item | 2024-11-12 | 2024-11-11 | 2024-11-10 | 2024-11-09 | 2024-11-08 | 2024-11-07 | 2024-11-06 |
|---|---|---|---|---|---|---|---|
| Difficulty | 101.65T | 101.65T | 101.65T | 101.65T | 101.65T | 101.65T | 101.65T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 869.92K | 869.78K | 869.63K | 869.49K | 869.35K | 869.20K | 869.04K |
| Blocks Variation | 0.02% | 0.02% | 0.02% | 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 | 682.14B | 754.01B | 703.01B | 718.04B | 783.79B | 768.61B | 703.01B |
| Hash Rate GB Variation | -9.53% | 7.25% | -2.09% | -8.39% | 1.97% | 9.33% | -7.25% |
Conclusion
In conclusion, the cryptocurrency market has shown a neutral/trending up trend in the last 24 hours. Bitcoin’s potential breakthrough of $90,000 and the positive price movements of Ethereum and Binance Coin contribute to the overall positive sentiment. However, it is crucial to remain cautious as market sentiment can change rapidly, influenced by regulatory decisions, economic events, and other factors. Monitoring both positive and negative news is essential for informed decision-making.
The strong presence of Bitcoin and the growing interest in altcoins like Dogecoin demonstrate the significance of these assets in the market. Traders and investors should closely follow market trends, price movements, and the overall sentiment of market participants to make well-informed decisions.
So What
The current state of the cryptocurrency market suggests that there are opportunities for investors and traders seeking potential gains. However, it is important to approach the market with caution and conduct thorough research before making any investment decisions. Keeping track of market trends, news events, and the sentiment of market participants can help identify potential opportunities and better manage risk.
What next?
Looking ahead, it is crucial to monitor ongoing developments and news events that can impact the cryptocurrency market. Regulatory decisions, economic indicators, and industry updates can significantly influence market sentiment and price movements. Traders and investors should remain agile and adapt to changing market conditions, keeping in mind the inherent volatility of the crypto market.
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.
