Crypto Market Analysis & Trend: Neutral/Trending Up
Over the past 24 hours, the cryptocurrency market has shown a neutral to trending up trend. Bitcoin, the leading cryptocurrency, experienced a slight price dip but maintained its overall positive sentiment. Despite NFT sales declining for both Ethereum and Bitcoin, other altcoins like Cardano and Binance Coin have been performing well, indicating a diversification of investor interest.
One notable trend is the increasing focus on altcoins, with ZircuitDEX and Cardano highlighted as potential candidates for significant growth in the coming year. Moreover, anticipation for Bitcoin reaching the $100,000 mark continues to fuel market enthusiasm, as evidenced by the rising hash rate and the projected odds of BTC surpassing this milestone.
It’s important to consider the varying sentiments reflected in the market. While Ethereum shorts have hit a record high, indicating a bearish sentiment, Cardano remains primed for further growth with accumulations by whales and institutions. Investment giant Schwab’s interest in entering the cryptocurrency market also suggests expanding opportunities.
Overall, the current state of the cryptocurrency market presents a mix of positive and negative sentiments, with potential for further growth and diversification. The market dynamics are in constant flux, influenced by various factors such as regulatory shifts, institutional involvement, and ongoing technological developments.
What is important
Key Points:
– Bitcoin has shown resilience despite a slight price dip, maintaining an overall positive sentiment.
– NFT sales for Ethereum and Bitcoin have declined amidst broader crypto growth, but other altcoins like Cardano and Binance Coin continue to perform well.
– Whales and institutions are accumulating Cardano, indicating a positive outlook for future growth.
– Interest from investment giant Schwab suggests increasing mainstream adoption of cryptocurrencies.
– The focus on altcoins, such as ZircuitDEX, highlights the potential for significant growth in the coming year.
– Bitcoin’s hash rate reaching an all-time high and projected odds of surpassing $100,000 demonstrate investor enthusiasm.
– Ethereum shorts hitting a record high signifies a bearish sentiment, while Cardano remains primed for further growth.
– Ongoing technological advancements and regulatory shifts continue to shape the cryptocurrency market.
Top 5 – Latest Headlines & Cryptocurrency News
- Cardano breaches $1 mark: Factors fueling ADA´s rise– Cardano breaches $1 mark, fueled by factors driving ADA´s rise.
- NFT Fever Cools: Ethereum and Bitcoin NFT Sales Dive Amid Broader Crypto Growth– NFT sales for Ethereum and Bitcoin have declined amidst broader crypto growth.
- ZircuitDEX and Cardano: The altcoins to watch for 100x growth in 2024– ZircuitDEX and Cardano are two altcoins to watch for potential 100x growth in 2024.
- 3 Altcoins to Buy Before Bitcoin Hits $100K; Monsta Mash ($MASH), SUI & TON– The article discusses three altcoins to buy before Bitcoin hits $100k: Monsta Mash, Mash Sui, and Ton.
- Ethereum Shorts Hit Record High as Market Leverage Soars– Ethereum shorts reach record high as market leverage surges.
Factors Driving the Growth – Market Sentiment
Positive sentiment keywords such as Bitcoin, Cardano, altcoins, and institutional accumulation highlight the market’s potential for growth and diversification. Conversely, negative sentiment keywords like Ethereum shorts and a bank run suggest caution amidst bearish signals. It is important to consider both positive and negative factors when analyzing the cryptocurrency market.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 28 | bitcoin |
| 11 | dogecoin |
| 7 | cardano |
| 6 | $100k |
| 6 | rally |
| 5 | altcoins |
| 5 | ethereum |
| 5 | stellar |
| 5 | xrp |
| 4 | btc |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 5 | bitcoin |
| 4 | ethereum |
| 2 | bank run |
| 2 | peter brandt |
| 1 | $1.75 billion |
| 1 | $100,000 |
| 1 | alarm |
| 1 | analyst |
| 1 | bankruptcy |
| 1 | bearish |
Crypto Investor Fear & Greed Index
The Fear and Greed Indicators table provides insights into investors’ sentiment regarding the cryptocurrency market. Currently, the market sentiment can be classified as neutral to slightly greedy. Fear and Greed indicators for major sources such as Alternative.me, Binance.com, BitDegree.org, BtcTools.io, and Coinstats.app fall within the sentiment range of fear to greed. This indicates moderate confidence and interest in the market while avoiding extreme levels of fear or greed. Understanding these indicators can help assess the overall market sentiment and sentiment shifts for making informed decisions.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-11-24 00:00:00 | 80pt | -13pt | Alternative.me |
| 2024-11-24 00:00:00 | 93pt | 0pt | Alternative.me |
| 2024-11-23 00:00:00 | 93pt | -1pt | Alternative.me |
| 2024-11-22 00:00:00 | 82pt | 0pt | Alternative.me |
| 2024-11-22 00:00:00 | 94pt | 12pt | Alternative.me |
| 2024-11-24 00:00:00 | 80pt | -13pt | Binance.com |
| 2024-11-24 00:00:00 | 93pt | 0pt | Binance.com |
| 2024-11-23 00:00:00 | 93pt | -1pt | Binance.com |
| 2024-11-22 00:00:00 | 82pt | 0pt | Binance.com |
| 2024-11-22 00:00:00 | 94pt | 12pt | Binance.com |
| 2024-11-24 00:00:00 | 93pt | 0pt | BitDegree.org |
| 2024-11-23 00:00:00 | 93pt | 11pt | BitDegree.org |
| 2024-11-22 00:00:00 | 82pt | 0pt | BitDegree.org |
| 2024-11-24 00:00:00 | 80pt | 0pt | BtcTools.io |
| 2024-11-23 08:00:00 | 80pt | -2pt | BtcTools.io |
| 2024-11-23 00:00:00 | 82pt | -1pt | BtcTools.io |
| 2024-11-22 16:00:00 | 83pt | 1pt | BtcTools.io |
| 2024-11-22 00:00:00 | 82pt | -3pt | BtcTools.io |
| 2024-11-21 08:00:00 | 85pt | 0pt | BtcTools.io |
| 2024-11-24 00:00:00 | 87pt | -1pt | Coinstats.app |
| 2024-11-24 00:00:00 | 88pt | 0pt | Coinstats.app |
| 2024-11-23 00:00:00 | 88pt | 0pt | Coinstats.app |
| 2024-11-22 00:00:00 | 83pt | 0pt | Coinstats.app |
| 2024-11-22 00:00:00 | 88pt | 5pt | Coinstats.app |
Bitcoin: Active Addresses
The Bitcoin Address Indicators table sheds light on the activity and distribution of Bitcoin addresses. Total addresses continue to show steady growth, indicating ongoing interest and adoption of Bitcoin. Zero balance addresses remain relatively stable, suggesting consistent hodler activity. Addresses with balances over different thresholds, such as 0.0000001, 0.000001, 0.00001, 0.0001, 0.001, 0.01, and 0.1, demonstrate varying levels of participation and investment in the cryptocurrency. These indicators present a holistic view of the distribution and activity of Bitcoin addresses, offering valuable insights into the market dynamics.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-11-24 06:00:00 | 1,346,294,897 | 0.00% | Total Addresses | bitaps.com |
| 2024-11-24 06:00:00 | 1,293,558,331 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-11-24 06:00:00 | 843,885 | -1.30% | Bitcoin Active Addresses | btc.com |
| 2024-11-24 06:00:00 | 540,538 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-11-24 06:00:00 | 219,226 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-11-24 06:00:00 | 3,930,480 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-11-24 06:00:00 | 10,730,877 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-11-24 06:00:00 | 13,150,476 | 0.01% | Addresses with over 0.0001 | bitaps.com |
| 2024-11-24 06:00:00 | 11,612,181 | 0.01% | Addresses with over 0.001 | bitaps.com |
| 2024-11-24 06:00:00 | 8,044,107 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-11-24 06:00:00 | 3,510,761 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-11-24 06:00:00 | 846,469 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-11-24 06:00:00 | 134,835 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-11-24 06:00:00 | 14,538 | 0.01% | Addresses with over 100 | bitaps.com |
| 2024-11-24 06:00:00 | 1,982 | 0.00% | Addresses with over 1,000 | bitaps.com |
| 2024-11-24 06:00:00 | 92 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-11-24 06:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The Economic Events table provides an overview of the latest market-moving events. Notably, the release of New Zealand’s core retail sales and retail sales data can impact the New Zealand Dollar (NZD) and potentially influence the broader cryptocurrency market. Traders and investors should pay attention to these economic events as they have the potential to affect market sentiment and volatility.
| Date | Impact | Event |
|---|---|---|
| 2024-11-24 21:45:00 | Moderate | NZD – Core Retail Sales (QoQ) |
| 2024-11-24 21:45:00 | Moderate | NZD – Retail Sales (QoQ) |
Crypto Assets Prices
The Prices table reflects the price, price variation, and price volatility of major cryptocurrencies. Bitcoin, the leading cryptocurrency, has experienced slight price variations over the past 24 hours, maintaining a relatively positive sentiment. Altcoins such as Cardano and Binance Coin have shown favorable price movements, potentially indicating increased investor interest. However, NFT sales for Ethereum and Bitcoin have declined, suggesting a cooling off in the NFT market. Overall, price variations and volatility can reflect evolving market dynamics and investor sentiment.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-11-24 07:50:00 | Bitcoin | 98,268.00 | -0.22% | -0.30 | 0.40% | 1.76 | -0.78% |
| 2024-11-23 07:50:00 | Bitcoin | 98,480.32 | -0.86% | -0.70 | -3.19% | 2.54 | -1.46% |
| 2024-11-22 07:50:00 | Bitcoin | 99,324.01 | 2.30% | 2.49 | -2.03% | 4.00 | -1.54% |
| 2024-11-23 07:50:00 | Ethereum | 3,338.03 | -0.97% | -0.73 | -8.18% | 3.88 | -5.99% |
| 2024-11-22 07:50:00 | Ethereum | 3,370.55 | 7.14% | 7.44 | 6.79% | 9.86 | 5.58% |
| 2024-11-24 07:50:00 | Binance Coin | 667.87 | 0.49% | 0.57 | -5.36% | 5.86 | -2.62% |
| 2024-11-23 07:50:00 | Binance Coin | 664.60 | 5.31% | 5.93 | 3.19% | 8.48 | 3.13% |
| 2024-11-22 07:50:00 | Binance Coin | 629.29 | 2.86% | 2.74 | 2.98% | 5.35 | 0.67% |
Cryptocurrency Capitalization and Volume
The Market Capitalizations and Volumes table showcases the total market capitalization and volume of major cryptocurrencies. Despite slight variations in capitalization, cryptocurrencies like Binance Coin, Bitcoin, and Ethereum continue to demonstrate significant market size and trading volume. These figures reflect ongoing market activity and investor participation. Understanding market capitalization and volume offers insights into the size and liquidity of various cryptocurrencies, helping in assessing market trends and potential investment opportunities.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-11-24 00:00:00 | Binance Coin | 95,183,430,674 | 2.95% | 3,367,383,257 | 70.37% |
| 2024-11-23 00:00:00 | Binance Coin | 92,453,704,875 | 1.76% | 1,976,466,054 | -15.09% |
| 2024-11-22 00:00:00 | Binance Coin | 90,852,963,702 | 2.58% | 2,327,608,257 | 49.31% |
| 2024-11-24 00:00:00 | Bitcoin | 1,934,546,722,650 | -1.26% | 46,954,753,289 | -44.28% |
| 2024-11-23 00:00:00 | Bitcoin | 1,959,281,201,418 | 0.59% | 84,275,731,313 | -32.17% |
| 2024-11-22 00:00:00 | Bitcoin | 1,947,706,917,040 | 4.47% | 124,241,027,623 | 61.62% |
| 2024-11-24 00:00:00 | Ethereum | 409,253,573,761 | 1.99% | 42,603,502,497 | 11.34% |
| 2024-11-23 00:00:00 | Ethereum | 401,262,251,055 | -0.87% | 38,262,949,411 | -31.52% |
| 2024-11-22 00:00:00 | Ethereum | 404,769,927,275 | 9.31% | 55,877,795,852 | 79.38% |
| 2024-11-24 00:00:00 | Tether | 132,236,479,295 | 1.00% | 132,116,953,493 | -18.49% |
| 2024-11-23 00:00:00 | Tether | 130,931,143,016 | 0.53% | 162,085,663,467 | -10.51% |
| 2024-11-22 00:00:00 | Tether | 130,236,561,068 | 1.01% | 181,119,245,290 | 176.65% |
Cryptocurrency Exchanges Volume and Variation
The Exchanges table provides an overview of the total volume and variation across major cryptocurrency exchanges. Binance, Binance US, Bitfinex, Bybit, Coinbase, Crypto.com, Gate.io, Kraken, KuCoin, and OKX are amongst the exchanges analyzed. Volume variations on these exchanges indicate changing trading activity and investor interest. Monitoring the volume and variations across different exchanges is crucial for understanding market liquidity and potential price impact.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-11-24 00:00:00 | Binance | 431,986 | 12.40% |
| 2024-11-23 00:00:00 | Binance | 384,314 | -10.63% |
| 2024-11-22 00:00:00 | Binance | 430,006 | 34.01% |
| 2024-11-24 00:00:00 | Binance US | 526 | 13.36% |
| 2024-11-23 00:00:00 | Binance US | 464 | 0.00% |
| 2024-11-22 00:00:00 | Binance US | 464 | 46.84% |
| 2024-11-24 00:00:00 | Bitfinex | 8,282 | -8.22% |
| 2024-11-23 00:00:00 | Bitfinex | 9,024 | -15.01% |
| 2024-11-22 00:00:00 | Bitfinex | 10,618 | 135.02% |
| 2024-11-24 00:00:00 | Bybit | 82,787 | 1.87% |
| 2024-11-23 00:00:00 | Bybit | 81,271 | -11.10% |
| 2024-11-22 00:00:00 | Bybit | 91,421 | 22.61% |
| 2024-11-24 00:00:00 | Coinbase | 81,635 | -21.46% |
| 2024-11-23 00:00:00 | Coinbase | 103,942 | 21.36% |
| 2024-11-22 00:00:00 | Coinbase | 85,646 | 30.70% |
| 2024-11-24 00:00:00 | Crypto.com | 79,639 | -32.31% |
| 2024-11-23 00:00:00 | Crypto.com | 117,644 | -19.75% |
| 2024-11-22 00:00:00 | Crypto.com | 146,591 | 28.11% |
| 2024-11-24 00:00:00 | Gate.io | 59,088 | 36.36% |
| 2024-11-23 00:00:00 | Gate.io | 43,331 | -13.52% |
| 2024-11-22 00:00:00 | Gate.io | 50,106 | 24.86% |
| 2024-11-24 00:00:00 | Kraken | 22,703 | -15.62% |
| 2024-11-23 00:00:00 | Kraken | 26,905 | -4.90% |
| 2024-11-22 00:00:00 | Kraken | 28,291 | 42.42% |
| 2024-11-24 00:00:00 | KuCoin | 22,492 | 18.85% |
| 2024-11-23 00:00:00 | KuCoin | 18,925 | -5.77% |
| 2024-11-22 00:00:00 | KuCoin | 20,084 | 28.84% |
| 2024-11-24 00:00:00 | OKX | 76,246 | 12.53% |
| 2024-11-23 00:00:00 | OKX | 67,759 | -13.12% |
| 2024-11-22 00:00:00 | OKX | 77,992 | 48.14% |
Mining – Blockchain Technology
The Mining table offers insights into mining difficulty, block rewards, hash rates, and more. Bitcoin’s mining difficulty has remained relatively stable over the past 24 hours, while blocks and block rewards continue to be generated. Ethereum’s mining landscape also showcases notable metrics, including hash rates and difficulties. These factors contribute to the overall security and integrity of the respective networks. Monitoring mining-related data allows for a deeper understanding of the mining ecosystem’s performance and its influence on the broader cryptocurrency market.
| Item | 2024-11-24 | 2024-11-23 | 2024-11-22 | 2024-11-21 | 2024-11-20 | 2024-11-19 | 2024-11-18 |
|---|---|---|---|---|---|---|---|
| Difficulty | 102.29T | 102.29T | 102.29T | 102.29T | 102.29T | 102.29T | 101.65T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.63% | 0.00% |
| Blocks | 871.69K | 871.55K | 871.41K | 871.26K | 871.12K | 870.94K | 870.78K |
| 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 | 691.86B | 722.58B | 748.43B | 748.43B | 891.14B | 794.45B | 754.01B |
| Hash Rate GB Variation | -4.25% | -3.45% | 0.00% | -16.01% | 12.17% | 5.36% | -5.01% |
Conclusion
In conclusion, the cryptocurrency market has shown a mixed but generally positive sentiment over the past 24 hours. Bitcoin, the leading cryptocurrency, remains resilient despite slight price variations, while altcoins like Cardano and Binance Coin have exhibited notable growth. However, the NFT market has experienced a cooling off period, leading to a decline in sales for Ethereum and Bitcoin.
The focus on altcoins and potential growth opportunities, along with increasing interest from institutions, indicates a continued diversification of the cryptocurrency market. Regulatory shifts and ongoing technological developments also play a crucial role in shaping the market’s landscape. Traders and investors should remain vigilant and consider both positive and negative factors while making informed decisions.
So What
Considering the current state of the cryptocurrency market, it is important to recognize the potential for growth and diversification. Opportunities exist in both established cryptocurrencies like Bitcoin and promising altcoins such as Cardano and ZircuitDEX. Moreover, the increasing interest from investment giant Schwab and the anticipation of Bitcoin reaching $100,000 demonstrate growing confidence in the market.
However, it is essential to be mindful of potential risks, as indicated by Ethereum shorts and negative sentiment keywords. Proper risk management and thorough analysis are crucial for navigating the market successfully.
What next?
Looking ahead, the cryptocurrency market is expected to continue evolving. Advancements in technological infrastructure and increasing institutional involvement may drive further market growth. Regulatory developments will likely shape the industry’s landscape, impacting market sentiment and investor behavior. Continued attention to market trends, upcoming economic events, and technical indicators will be instrumental in making informed decisions.
It is advisable to conduct additional research, analyze data, and stay updated with credible sources to navigate the ever-changing landscape of the cryptocurrency 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.
