Crypto Market Analysis & Trend: Neutral/Trending Up
Over the past 24 hours, the cryptocurrency market has shown a neutral to slightly upward trend. Bitcoin has been rallying, approaching the $90,000 mark.
This surge in Bitcoin’s price is accompanied by positive market conditions and a bullish sentiment among investors.
Other major cryptocurrencies like Ethereum and Binance Coin have also experienced price gains, further contributing to the positive outlook.
However, it is important to note that there have been some cooling off periods during the rally, indicating potential fluctuations in the market.
What is important
Key points to understand the current state of the cryptocurrency market:
– Bitcoin is nearing the $90,000 price mark, showing strong bullish momentum.
– Positive market conditions and a rally in major cryptocurrencies contribute to the overall upward trend.
– Fluctuations and cooling off periods have occurred during the rally, indicating potential volatility in the market.
– Ethereum and Binance Coin have also witnessed price gains, adding to the positive sentiment.
Overall, the market is in a positive state, but caution is advised as volatility can be expected.
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.
- Bitcoin Approaches $90K as Crypto Fans Rally on Trump Presidency– Bitcoin nears $90k as crypto fans rally on Trump presidency.
- Bitcoin Hits Historic $90,000 as Investors Rally Behind New Highs– Bitcoin hits historic $90,000 as investors rally behind new highs.
- Bitcoin Overtakes Silver in Market Valuation Amid ´Trump Effect´– Bitcoin has surpassed the market valuation of silver, becoming the second-largest cryptocurrency by market cap.
Factors Driving the Growth – Market Sentiment
Positive sentiment keywords:
Bitcoin, Dogecoin, Ethereum, cryptocurrency market, rally, Trump, surge, XRP, $90K, cryptocurrencies
Negative sentiment keywords:
Bitcoin, crypto scam, Trump, $232 million, $73 million, altcoins, bitcoin miner, Cardano, Celsius, crypto trader
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 55 | bitcoin |
| 22 | dogecoin |
| 13 | ethereum |
| 12 | cryptocurrency market |
| 11 | rally |
| 11 | trump |
| 10 | surge |
| 10 | xrp |
| 8 | $90k |
| 8 | cryptocurrencies |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 5 | bitcoin |
| 3 | crypto scam |
| 3 | trump |
| 2 | $232 million |
| 2 | $73 million |
| 2 | altcoins |
| 2 | bitcoin miner |
| 2 | cardano |
| 2 | celsius |
| 2 | crypto trader |
Crypto Investor Fear & Greed Index
Based on the ‘Fear and Greed Indicators’ table, the sentiment in the market is leaning towards greed. The fear and greed indicators provide insights into the overall market sentiment, with values between 50 and 74 representing greed. The indicators show that the market sentiment is mostly positive, indicating a growing appetite for risk and potential opportunities for profits. It is worth noting that extreme greed can also be a cause for caution, as it may indicate an overextended market.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-11-13 00:00:00 | 80pt | 0pt | Alternative.me |
| 2024-11-13 00:00:00 | 84pt | 4pt | Alternative.me |
| 2024-11-12 00:00:00 | 80pt | 4pt | Alternative.me |
| 2024-11-11 00:00:00 | 76pt | 0pt | Alternative.me |
| 2024-11-13 00:00:00 | 80pt | 0pt | Binance.com |
| 2024-11-13 00:00:00 | 84pt | 4pt | Binance.com |
| 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 |
| 2024-11-13 00:00:00 | 80pt | 0pt | BitDegree.org |
| 2024-11-12 00:00:00 | 80pt | 4pt | BitDegree.org |
| 2024-11-11 00:00:00 | 76pt | 0pt | BitDegree.org |
| 2024-11-13 00:00:00 | 85pt | -3pt | BtcTools.io |
| 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 | 0pt | BtcTools.io |
| 2024-11-13 08:00:00 | 67pt | -2pt | Coinstats.app |
| 2024-11-13 00:00:00 | 69pt | 0pt | Coinstats.app |
| 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 |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table provides information on active Bitcoin addresses and the quantities of wallet addresses based on balance values. The data suggests a significant number of active addresses and a consistent increase in wallet addresses with higher balance thresholds. This indicates sustained interest and engagement in the Bitcoin network, demonstrating a positive outlook for Bitcoin usage and adoption.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-11-13 14:00:00 | 1,342,561,373 | 0.00% | Total Addresses | bitaps.com |
| 2024-11-13 14:00:00 | 1,289,943,140 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-11-13 14:00:00 | 810,742 | 0.00% | Bitcoin Active Addresses | btc.com |
| 2024-11-13 14:00:00 | 540,538 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-11-13 14:00:00 | 219,382 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-11-13 14:00:00 | 3,901,461 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-11-13 14:00:00 | 10,670,508 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-11-13 14:00:00 | 13,062,521 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-11-13 14:00:00 | 11,593,117 | 0.00% | Addresses with over 0.001 | bitaps.com |
| 2024-11-13 14:00:00 | 8,086,291 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-11-13 14:00:00 | 3,539,199 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-11-13 14:00:00 | 853,103 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-11-13 14:00:00 | 135,690 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-11-13 14:00:00 | 14,311 | 0.00% | Addresses with over 100 | bitaps.com |
| 2024-11-13 14:00:00 | 2,015 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-11-13 14:00:00 | 93 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-11-13 14:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table highlights important events in the global financial market. Notable events include petroleum status reports, jobless claims, and inflation data. These events can have an impact on the cryptocurrency market as they provide valuable insights into the overall economic landscape. Traders and investors closely monitor these events for potential market movements and opportunities.
| Date | Impact | Event |
|---|---|---|
| 2024-11-14 16:00:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-11-14 16:00:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-11-14 16:00:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-11-14 15:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-11-14 13:30:00 | High | PPI-Final Demand PPI-FD – Y/Y |
| 2024-11-14 13:30:00 | High | PPI-Final Demand Ex-Food & Energy – M/M |
| 2024-11-14 13:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-11-14 13:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-11-14 13:30:00 | High | PPI-Final Demand Ex-Food & Energy – Y/Y |
| 2024-11-14 13:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-11-14 13:30:00 | High | PPI-Final Demand Ex-Food, Energy & Trade Services – Y/Y |
| 2024-11-14 13:30:00 | High | PPI-Final Demand Ex-Food, Energy & Trade Services – M/M |
| 2024-11-14 13:30:00 | High | PPI-Final Demand PPI-FD – M/M |
| 2024-11-13 21:30:00 | Moderate | USD – API Weekly Crude Oil Stock |
| 2024-11-13 19:00:00 | Moderate | USD – Federal Budget Balance (Oct) |
| 2024-11-13 19:00:00 | Moderate | Treasury Statement Balance |
| 2024-11-13 17:00:00 | Moderate | USD – EIA Short-Term Energy Outlook |
| 2024-11-13 16:00:00 | Moderate | RUB – GDP Quarterly (YoY) (Q3) |
| 2024-11-13 16:00:00 | Moderate | RUB – CPI (MoM) (Oct) |
| 2024-11-13 16:00:00 | Moderate | RUB – CPI (YoY) (Oct) |
| 2024-11-13 14:30:00 | Moderate | USD – FOMC Member Williams Speaks |
| 2024-11-13 13:30:00 | Moderate | USD – FOMC Member Kashkari Speaks |
| 2024-11-13 13:30:00 | High | USD – CPI (YoY) (Oct) |
| 2024-11-13 13:30:00 | High | USD – CPI (MoM) (Oct) |
| 2024-11-13 13:30:00 | Moderate | USD – Core CPI (YoY) (Oct) |
| 2024-11-13 13:30:00 | High | USD – Core CPI (MoM) (Oct) |
| 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 |
| 2024-11-13 10:30:00 | Moderate | EUR – German 10-Year Bund Auction |
| 2024-11-13 10:10:00 | Moderate | EUR – Italian 10-Year BTP Auction |
| 2024-11-13 09:45:00 | Moderate | GBP – BoE MPC Member Mann Speaks |
| 2024-11-13 08:00:00 | Moderate | EUR – European Central Bank Non-monetary Policy Meeting |
| 2024-11-13 00:30:00 | Moderate | AUD – Wage Price Index (QoQ) (Q3) |
| 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 |
Crypto Assets Prices
The ‘Prices’ table shows the price, price variation, 24-hour variation, and 24-hour volatility of major cryptocurrencies. Bitcoin has seen significant price gains and minimal price variations over the past 24 hours, indicating a relatively stable market. Other cryptocurrencies like Ethereum and Binance Coin have also witnessed price increases, contributing to the positive trend in the market.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-11-13 14:10:00 | Bitcoin | 89,477.83 | 3.53% | 2.85 | -1.80% | 4.84 | -4.38% |
| 2024-11-12 14:10:00 | Bitcoin | 86,316.02 | 4.92% | 4.64 | 1.43% | 9.22 | 4.12% |
| 2024-11-11 14:10:00 | Bitcoin | 82,067.17 | 2.91% | 3.22 | -1.13% | 5.09 | -0.67% |
| 2024-11-12 14:10:00 | Ethereum | 3,267.69 | 3.02% | 2.67 | 3.49% | 8.44 | 2.59% |
| 2024-11-11 14:10:00 | Ethereum | 3,169.12 | -1.08% | -0.82 | -6.16% | 5.85 | -2.38% |
| 2024-11-12 14:10:00 | Binance Coin | 623.22 | 0.74% | 0.53 | 2.99% | 9.41 | 4.18% |
| 2024-11-11 14:10:00 | Binance Coin | 618.61 | -3.54% | -2.46 | -6.05% | 5.23 | -0.38% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table provides information on the total market capitalization and volume of major cryptocurrencies. The data indicates a steady increase in market capitalization and volume, reflecting the growing interest and participation in the cryptocurrency market. This trend suggests a positive market sentiment and potential opportunities for investors and traders.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-11-13 00:00:00 | Binance Coin | 91,380,491,923 | -4.19% | 3,612,224,645 | 303.82% |
| 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% |
| 2024-11-13 00:00:00 | Bitcoin | 1,738,862,039,027 | -0.72% | 150,987,704,247 | 26.70% |
| 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% |
| 2024-11-13 00:00:00 | Ethereum | 391,249,107,770 | -3.72% | 60,081,890,977 | -3.83% |
| 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% |
| 2024-11-13 00:00:00 | Tether | 123,967,001,015 | 0.43% | 99,829,971,840 | -10.68% |
| 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% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table illustrates the total volume and variation for major cryptocurrency exchanges. Binance, Binance US, and Coinbase have consistently shown high trading volumes, indicating a substantial level of activity and liquidity on these platforms. The variation in trading volume highlights the volatility and dynamic nature of the exchanges, creating opportunities for traders and investors.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-11-13 00:00:00 | Binance | 708,265 | 21.61% |
| 2024-11-12 00:00:00 | Binance | 582,425 | 11.81% |
| 2024-11-11 00:00:00 | Binance | 520,892 | 122.24% |
| 2024-11-13 00:00:00 | Binance US | 767 | 25.74% |
| 2024-11-12 00:00:00 | Binance US | 610 | 7.77% |
| 2024-11-11 00:00:00 | Binance US | 566 | 238.92% |
| 2024-11-13 00:00:00 | Bitfinex | 7,177 | -13.01% |
| 2024-11-12 00:00:00 | Bitfinex | 8,250 | -3.50% |
| 2024-11-11 00:00:00 | Bitfinex | 8,549 | 370.76% |
| 2024-11-13 00:00:00 | Bybit | 139,321 | 25.91% |
| 2024-11-12 00:00:00 | Bybit | 110,649 | 11.42% |
| 2024-11-11 00:00:00 | Bybit | 99,311 | 77.45% |
| 2024-11-13 00:00:00 | Coinbase | 128,792 | 25.70% |
| 2024-11-12 00:00:00 | Coinbase | 102,463 | 35.26% |
| 2024-11-11 00:00:00 | Coinbase | 75,755 | 118.11% |
| 2024-11-13 00:00:00 | Crypto.com | 192,576 | 17.02% |
| 2024-11-12 00:00:00 | Crypto.com | 164,566 | 38.42% |
| 2024-11-11 00:00:00 | Crypto.com | 118,886 | 108.20% |
| 2024-11-13 00:00:00 | Gate.io | 152,175 | 18.52% |
| 2024-11-12 00:00:00 | Gate.io | 128,400 | -13.77% |
| 2024-11-11 00:00:00 | Gate.io | 148,899 | 192.23% |
| 2024-11-13 00:00:00 | Kraken | 37,745 | 9.92% |
| 2024-11-12 00:00:00 | Kraken | 34,338 | 35.41% |
| 2024-11-11 00:00:00 | Kraken | 25,358 | 157.18% |
| 2024-11-13 00:00:00 | KuCoin | 33,668 | -7.61% |
| 2024-11-12 00:00:00 | KuCoin | 36,443 | 43.70% |
| 2024-11-11 00:00:00 | KuCoin | 25,360 | 99.98% |
| 2024-11-13 00:00:00 | OKX | 138,924 | 42.68% |
| 2024-11-12 00:00:00 | OKX | 97,367 | 0.53% |
| 2024-11-11 00:00:00 | OKX | 96,858 | 128.92% |
Mining – Blockchain Technology
The ‘Mining’ table provides insights into mining difficulty, mined blocks, block rewards, and hash rate. The data shows relatively stable mining difficulty and block variation, while block rewards and hash rate display slight fluctuations. These indicators reflect the ongoing mining activities and the computational capacity of the cryptocurrency network. The stability in mining difficulty indicates a consistent level of network security and efficiency.
| Item | 2024-11-13 | 2024-11-12 | 2024-11-11 | 2024-11-10 | 2024-11-09 | 2024-11-08 | 2024-11-07 |
|---|---|---|---|---|---|---|---|
| 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 | 870.06K | 869.92K | 869.78K | 869.63K | 869.49K | 869.35K | 869.20K |
| 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 | 743.73B | 682.14B | 754.01B | 703.01B | 718.04B | 783.79B | 768.61B |
| Hash Rate GB Variation | 9.03% | -9.53% | 7.25% | -2.09% | -8.39% | 1.97% | 9.33% |
Conclusion
In conclusion, the cryptocurrency market has exhibited a neutral to slightly upward trend over the past 24 hours. Bitcoin’s rally towards the $90,000 mark, along with the positive market conditions, has bolstered the overall market sentiment. Ethereum and Binance Coin have also shown price gains, contributing to the positive outlook. However, fluctuations and cooling off periods during the rally indicate potential volatility in the market. It is important for investors and traders to exercise caution and closely monitor market movements.
So What
The current state of the cryptocurrency market has practical implications for investors and traders. The positive sentiment and upward trend can offer potential opportunities for profit. However, it is essential to consider the volatility and fluctuations that may occur. Proper risk management and staying informed about market developments are crucial. Diversification across different cryptocurrencies and exchanges can also help mitigate risk.
What next?
Looking ahead, it is important to monitor market trends, news, and economic events that can impact the cryptocurrency market. The ongoing rally and positive sentiment indicate potential bullish momentum. However, market dynamics can change rapidly, and it is advisable to stay informed and adapt strategies accordingly. Key factors to watch include regulatory developments, technological advancements, and market sentiment.
Disclaimer: This analysis is based on the provided data and recent market conditions. It is not intended as financial advice and should be used for informational purposes only.
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.
