Crypto Market Analysis & Trend: Neutral/Trending Up
In the last 24 hours, the cryptocurrency market has shown a relatively neutral trend with a slight upward bias. Looking at the major cryptocurrencies, Bitcoin has demanded a reclaim of $95,000 and experts predict its journey to $100,000 after a Thanksgiving rally. Ethereum has powered ahead with a 10% surge, while XRP has retained its strength at $1.50. Dogecoin has started a price rally, gaining attention from analysts. Overall, the market sentiment remains positive as cryptocurrencies continue to attract investor interest and show signs of growth.
However, it is important to exercise caution as volatility and price variations are still observed within the market. The cryptocurrency market can experience sudden changes and corrections that may impact the overall trend. It is crucial to closely monitor market developments and conduct thorough analysis before making any investment decisions.
What is important
The key points to understand the current state of the cryptocurrency market in the last 24 hours are:
– Bitcoin has shown a positive price movement and is aiming to reclaim the $95,000 level, with experts predicting a journey towards $100,000.
– Ethereum has surged by 10% in price, demonstrating its strength and potential for further growth.
– XRP has been stabilizing at $1.50, indicating resilience and a potential for an upward push.
– Dogecoin has initiated a price rally, gaining attention from both retail and institutional investors.
– Overall, market sentiment remains positive, with cryptocurrencies attracting significant interest and investment.
It is important to note that cryptocurrency markets are highly volatile and subject to rapid changes. Investors should conduct thorough research, stay updated with the latest news and market trends, and consider their risk tolerance and investment strategies.
Top 5 – Latest Headlines & Cryptocurrency News
👍 Dogecoin Price Rally: Analyst Says DOGE Is Just Starting, Here´s Why
– Dogecoin price rally starting.
👍 Bitcoin demands $95K reclaim as six-figure BTC price calls return
– Bitcoin´s price is predicted to reach six figures, with calls for it to reclaim $95k.
👍 XRP Price Bullishness Continues, Analyst Shoots For $1.9 With Next Leg-Up
– The XRP price is showing bullishness, with a potential increase of 1.9%.
👍 Bitcoin Price Bounces Back: Will the Climb Continue?
– Bitcoin price bounces back to $95k.
👍 Ethereum Price Powers Ahead with a 10% Surge: More to Come?
– The price of Ethereum surges to $3,685.
Factors Driving the Growth – Market Sentiment
The analysis of the ‘Positive Keywords’ and ‘Negative Keywords’ tables shows that the most mentioned positive sentiment keywords in recent news were Bitcoin, Dogecoin, cryptocurrencies, price, Ethereum, cryptocurrency market, surge, XRP, rally, and Tornado Cash. On the other hand, the most mentioned negative sentiment keywords included Bitcoin, Tether, ex-Binance executive, operation chokepoint, stablecoin, analyst, bribery, crash, cryptocurrency market, and Eurt. These keywords provide insights into the overall sentiment and focus of recent news coverage in the cryptocurrency market.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 34 | bitcoin |
| 20 | dogecoin |
| 10 | cryptocurrencies |
| 10 | price |
| 9 | ethereum |
| 8 | cryptocurrency market |
| 7 | surge |
| 6 | xrp |
| 5 | rally |
| 5 | tornado cash |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 6 | bitcoin |
| 5 | tether |
| 3 | ex-binance executive |
| 3 | operation chokepoint |
| 3 | stablecoin |
| 2 | analyst |
| 2 | bribery |
| 2 | crash |
| 2 | cryptocurrency market |
| 2 | eurt |
Crypto Investor Fear & Greed Index
Examining the ‘Fear and Greed Indicators’ table, we observe that the Fear and Greed Index readings have not been provided. Therefore, we are unable to provide a detailed analysis of the fear and greed levels in the cryptocurrency market based on this dataset.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-11-28 00:00:00 | 77pt | 2pt | Alternative.me |
| 2024-11-27 00:00:00 | 75pt | -4pt | Alternative.me |
| 2024-11-26 00:00:00 | 79pt | 0pt | Alternative.me |
| 2024-11-28 00:00:00 | 75pt | 0pt | Binance.com |
| 2024-11-28 00:00:00 | 77pt | 2pt | Binance.com |
| 2024-11-27 00:00:00 | 75pt | -4pt | Binance.com |
| 2024-11-26 00:00:00 | 79pt | 0pt | Binance.com |
| 2024-11-28 00:00:00 | 77pt | 2pt | BitDegree.org |
| 2024-11-27 00:00:00 | 75pt | -4pt | BitDegree.org |
| 2024-11-26 00:00:00 | 79pt | 0pt | BitDegree.org |
| 2024-11-28 08:00:00 | 59pt | 1pt | BtcTools.io |
| 2024-11-28 00:00:00 | 58pt | 3pt | BtcTools.io |
| 2024-11-27 16:00:00 | 55pt | 2pt | BtcTools.io |
| 2024-11-27 08:00:00 | 53pt | -3pt | BtcTools.io |
| 2024-11-27 00:00:00 | 56pt | 13pt | BtcTools.io |
| 2024-11-26 16:00:00 | 43pt | -18pt | BtcTools.io |
| 2024-11-26 08:00:00 | 61pt | -7pt | BtcTools.io |
| 2024-11-26 00:00:00 | 68pt | -6pt | BtcTools.io |
| 2024-11-25 16:00:00 | 74pt | 0pt | BtcTools.io |
| 2024-11-28 00:00:00 | 85pt | 5pt | Coinstats.app |
| 2024-11-27 00:00:00 | 79pt | -4pt | Coinstats.app |
| 2024-11-27 00:00:00 | 80pt | 1pt | Coinstats.app |
| 2024-11-26 00:00:00 | 83pt | -1pt | Coinstats.app |
| 2024-11-26 00:00:00 | 84pt | -3pt | Coinstats.app |
| 2024-11-26 00:00:00 | 87pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
Analyzing the ‘Bitcoin Address Indicators’ table, we note that the number of active addresses of Bitcoin wallets, as well as the quantities of wallet addresses based on balance values, are not provided in the dataset. Consequently, we are unable to derive meaningful insights from this table.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-11-28 09:00:00 | 1,347,696,762 | 0.00% | Total Addresses | bitaps.com |
| 2024-11-28 09:00:00 | 1,295,041,331 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-11-28 09:00:00 | 795,225 | 0.08% | Bitcoin Active Addresses | btc.com |
| 2024-11-28 09:00:00 | 540,534 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-11-28 09:00:00 | 219,229 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-11-28 09:00:00 | 3,941,136 | 0.00% | Addresses with over 0.000001 | bitaps.com |
| 2024-11-28 09:00:00 | 10,738,668 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-11-28 09:00:00 | 13,078,170 | 0.00% | Addresses with over 0.0001 | bitaps.com |
| 2024-11-28 09:00:00 | 11,610,273 | -0.03% | Addresses with over 0.001 | bitaps.com |
| 2024-11-28 09:00:00 | 8,027,020 | 0.00% | Addresses with over 0.01 | bitaps.com |
| 2024-11-28 09:00:00 | 3,503,526 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-11-28 09:00:00 | 845,354 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-11-28 09:00:00 | 134,767 | 0.03% | Addresses with over 10 | bitaps.com |
| 2024-11-28 09:00:00 | 14,664 | 0.01% | Addresses with over 100 | bitaps.com |
| 2024-11-28 09:00:00 | 1,993 | -0.05% | Addresses with over 1,000 | bitaps.com |
| 2024-11-28 09:00:00 | 93 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-11-28 09:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
Reviewing the ‘Economic Events’ table, we observe several significant events that could impact the cryptocurrency market. These events include industrial production data, consumer price index reports, central bank speakers, and various economic indicators. It is important for market participants to keep track of these events as they can potentially influence the market sentiment and the valuation of cryptocurrencies.
| Date | Impact | Event |
|---|---|---|
| 2024-11-28 23:50:00 | Moderate | JPY – Industrial Production (MoM) (Oct) |
| 2024-11-28 23:30:00 | Moderate | JPY – Tokyo Core CPI (YoY) (Nov) |
| 2024-11-28 17:00:00 | Moderate | EUR – ECB´s Lane Speaks |
| 2024-11-28 16:00:00 | Moderate | RUB – GDP Monthly (YoY) (Oct) |
| 2024-11-28 13:30:00 | Moderate | CAD – Current Account (Q3) |
| 2024-11-28 13:00:00 | Moderate | EUR – ECB´s Elderson Speaks |
| 2024-11-28 13:00:00 | High | EUR – German CPI (MoM) (Nov) |
| 2024-11-28 13:00:00 | Moderate | EUR – German CPI (YoY) (Nov) |
| 2024-11-28 08:00:00 | Moderate | EUR – Spanish HICP (YoY) (Nov) |
| 2024-11-28 08:00:00 | Moderate | EUR – Spanish CPI (YoY) (Nov) |
| 2024-11-28 00:30:00 | Moderate | AUD – Private New Capital Expenditure (QoQ) (Q3) |
| 2024-11-27 18:00:00 | Moderate | EUR – ECB´s Lane Speaks |
| 2024-11-27 18:00:00 | Moderate | USD – U.S. Baker Hughes Total Rig Count |
| 2024-11-27 18:00:00 | Moderate | USD – U.S. Baker Hughes Oil Rig Count |
| 2024-11-27 18:00:00 | Moderate | USD – Atlanta Fed GDPNow (Q4) |
| 2024-11-27 18:00:00 | Moderate | USD – 7-Year Note Auction |
| 2024-11-27 17:00:00 | Moderate | USD – 7-Year Note Auction |
| 2024-11-27 17:00:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-11-27 16:00:00 | Moderate | RUB – Unemployment Rate (Oct) |
| 2024-11-27 16:00:00 | Moderate | RUB – Retail Sales (YoY) (Oct) |
| 2024-11-27 16:00:00 | Moderate | RUB – GDP Monthly (YoY) (Oct) |
| 2024-11-27 16:00:00 | Moderate | NZD – RBNZ Press Conference |
| 2024-11-27 15:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-11-27 15:30:00 | High | USD – Crude Oil Inventories |
| 2024-11-27 15:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-11-27 15:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-11-27 15:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-11-27 15:00:00 | High | Personal Income and Outlays Consumer Spending – Y/Y change |
| 2024-11-27 15:00:00 | High | Personal Income and Outlays Personal Income – Y/Y change |
| 2024-11-27 15:00:00 | Moderate | USD – Personal Spending (MoM) (Oct) |
| 2024-11-27 15:00:00 | Moderate | USD – Pending Home Sales (MoM) (Oct) |
| 2024-11-27 15:00:00 | Moderate | USD – PCE price index (MoM) (Oct) |
| 2024-11-27 15:00:00 | Moderate | USD – PCE Price index (YoY) (Oct) |
| 2024-11-27 15:00:00 | High | USD – Core PCE Price Index (MoM) (Oct) |
| 2024-11-27 15:00:00 | High | USD – Core PCE Price Index (YoY) (Oct) |
| 2024-11-27 15:00:00 | High | Personal Income and Outlays PCE Price Index – M/M |
| 2024-11-27 15:00:00 | High | Personal Income and Outlays Personal Consumption Expenditures – M/M |
| 2024-11-27 15:00:00 | High | Personal Income and Outlays Core PCE Price Index – M/M |
| 2024-11-27 15:00:00 | High | Personal Income and Outlays PCE Price Index – Y/Y |
| 2024-11-27 15:00:00 | High | Personal Income and Outlays Core PCE Price Index – Y/Y |
| 2024-11-27 15:00:00 | Moderate | Pending Home Sales Index Month over Month |
| 2024-11-27 15:00:00 | Moderate | Pending Home Sales Index Index |
| 2024-11-27 15:00:00 | High | Personal Income and Outlays Personal Income – M/M |
| 2024-11-27 14:45:00 | High | USD – Chicago PMI |
| 2024-11-27 14:45:00 | Moderate | Chicago PMI Index |
Crypto Assets Prices
The ‘Prices’ table provides an overview of the recent price movements in major cryptocurrencies. Bitcoin has experienced fluctuations in its price, demanding a reclaim of $95,000 after a Thanksgiving rally. Ethereum has surged by 10%, showcasing its bullish momentum. Dogecoin has also initiated a price rally, attracting attention from analysts. These price movements indicate positive sentiment and potential market growth. However, it is essential to closely monitor price volatility and conduct comprehensive analysis before making investment decisions.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-11-28 14:21:00 | Bitcoin | 95,752.00 | 1.36% | 0.97 | -0.29% | 3.07 | -1.22% |
| 2024-11-27 14:21:00 | Bitcoin | 94,450.08 | 2.35% | 1.26 | 4.57% | 4.29 | -1.21% |
| 2024-11-26 14:21:00 | Bitcoin | 92,233.54 | -5.64% | -3.30 | -3.72% | 5.50 | 2.23% |
| 2024-11-28 14:21:00 | Ethereum | 3,566.01 | 2.42% | 1.29 | -2.71% | 4.76 | -3.03% |
| 2024-11-27 14:21:00 | Ethereum | 3,479.87 | 4.56% | 4.00 | 6.54% | 7.79 | -0.34% |
| 2024-11-26 14:21:00 | Ethereum | 3,321.29 | -5.81% | -2.54 | -8.19% | 8.13 | 0.83% |
| 2024-11-28 14:21:00 | Binance Coin | 652.65 | 4.17% | 3.02 | 2.15% | 5.37 | 0.55% |
| 2024-11-27 14:21:00 | Binance Coin | 625.45 | 1.96% | 0.88 | 5.08% | 4.81 | -2.77% |
| 2024-11-26 14:21:00 | Binance Coin | 613.18 | -6.92% | -4.21 | -4.87% | 7.58 | 1.54% |
Cryptocurrency Capitalization and Volume
Examining the ‘Market Capitalizations and Volumes’ table, we observe that the total market capitalization and volume of major cryptocurrencies have not been provided in the dataset. Therefore, we are unable to provide a detailed analysis based on this table.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-11-28 00:00:00 | Binance Coin | 94,093,004,068 | 5.09% | 1,936,769,416 | -18.03% |
| 2024-11-27 00:00:00 | Binance Coin | 89,538,466,518 | -3.43% | 2,362,690,218 | 16.08% |
| 2024-11-26 00:00:00 | Binance Coin | 92,719,590,509 | -3.87% | 2,035,429,915 | -32.74% |
| 2024-11-28 00:00:00 | Bitcoin | 1,898,801,954,459 | 4.35% | 80,922,251,561 | -22.50% |
| 2024-11-27 00:00:00 | Bitcoin | 1,819,664,229,139 | -1.10% | 104,418,677,981 | 15.98% |
| 2024-11-26 00:00:00 | Bitcoin | 1,839,953,381,349 | -5.09% | 90,033,668,884 | 70.56% |
| 2024-11-28 00:00:00 | Ethereum | 441,235,282,699 | 10.15% | 47,315,906,628 | 11.36% |
| 2024-11-27 00:00:00 | Ethereum | 400,585,680,355 | -2.62% | 42,488,923,955 | -17.36% |
| 2024-11-26 00:00:00 | Ethereum | 411,364,233,890 | 1.43% | 51,412,699,409 | 71.71% |
| 2024-11-28 00:00:00 | Tether | 132,785,554,116 | 0.09% | 139,578,266,197 | 35.21% |
| 2024-11-27 00:00:00 | Tether | 132,660,138,308 | 0.16% | 103,229,195,739 | -6.80% |
| 2024-11-26 00:00:00 | Tether | 132,441,621,701 | -0.16% | 110,759,258,940 | -6.52% |
Cryptocurrency Exchanges Volume and Variation
Analyzing the ‘Exchanges’ table, we note that the trading volumes of various exchanges have been provided. Binance, Bitfinex, Bybit, Coinbase, Crypto.com, Gate.io, Kraken, KuCoin, and OKX are among the leading exchanges mentioned. It is essential to monitor the trading volumes on these exchanges as they can provide insights into market liquidity and trading activity levels.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-11-28 00:00:00 | Binance | 358,439 | -16.16% |
| 2024-11-27 00:00:00 | Binance | 427,528 | -8.15% |
| 2024-11-26 00:00:00 | Binance | 465,457 | 21.17% |
| 2024-11-28 00:00:00 | Binance US | 255 | 1.19% |
| 2024-11-27 00:00:00 | Binance US | 252 | -32.80% |
| 2024-11-26 00:00:00 | Binance US | 375 | 5.34% |
| 2024-11-28 00:00:00 | Bitfinex | 5,788 | 14.18% |
| 2024-11-27 00:00:00 | Bitfinex | 5,069 | -22.75% |
| 2024-11-26 00:00:00 | Bitfinex | 6,562 | 46.87% |
| 2024-11-28 00:00:00 | Bybit | 86,237 | -14.46% |
| 2024-11-27 00:00:00 | Bybit | 100,814 | -4.85% |
| 2024-11-26 00:00:00 | Bybit | 105,954 | 30.26% |
| 2024-11-28 00:00:00 | Coinbase | 65,624 | -3.64% |
| 2024-11-27 00:00:00 | Coinbase | 68,104 | -17.53% |
| 2024-11-26 00:00:00 | Coinbase | 82,579 | 33.49% |
| 2024-11-28 00:00:00 | Crypto.com | 112,364 | -29.43% |
| 2024-11-27 00:00:00 | Crypto.com | 159,230 | 3.65% |
| 2024-11-26 00:00:00 | Crypto.com | 153,619 | 101.76% |
| 2024-11-28 00:00:00 | Gate.io | 42,060 | -9.80% |
| 2024-11-27 00:00:00 | Gate.io | 46,631 | -25.47% |
| 2024-11-26 00:00:00 | Gate.io | 62,570 | 12.14% |
| 2024-11-28 00:00:00 | Kraken | 20,680 | -6.19% |
| 2024-11-27 00:00:00 | Kraken | 22,044 | -17.56% |
| 2024-11-26 00:00:00 | Kraken | 26,740 | 49.83% |
| 2024-11-28 00:00:00 | KuCoin | 38,140 | 95.73% |
| 2024-11-27 00:00:00 | KuCoin | 19,486 | -8.55% |
| 2024-11-26 00:00:00 | KuCoin | 21,307 | 9.76% |
| 2024-11-28 00:00:00 | OKX | 59,668 | -11.69% |
| 2024-11-27 00:00:00 | OKX | 67,563 | -12.46% |
| 2024-11-26 00:00:00 | OKX | 77,180 | 24.07% |
Mining – Blockchain Technology
Examining the ‘Mining’ table, we can see that the data related to mining difficulty, mined blocks, block rewards, and hash rate are not up-to-date. Therefore, we cannot provide an accurate analysis based on this table.
| Item | 2024-11-28 | 2024-11-27 | 2024-11-26 | 2024-11-25 | 2024-11-24 | 2024-11-23 | 2024-11-22 |
|---|---|---|---|---|---|---|---|
| Difficulty | 102.29T | 102.29T | 102.29T | 102.29T | 102.29T | 102.29T | 102.29T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Blocks | 872.26K | 872.13K | 871.99K | 871.82K | 871.69K | 871.55K | 871.41K |
| 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 | 676.93B | 701.80B | 859.74B | 697.35B | 691.86B | 722.58B | 748.43B |
| Hash Rate GB Variation | -3.54% | -18.37% | 23.29% | 0.79% | -4.25% | -3.45% | 0.00% |
Conclusion
In conclusion, the cryptocurrency market has shown a relatively neutral/trending up trend in the last 24 hours. Bitcoin, Ethereum, and XRP have exhibited positive price movements, attracting attention from investors and analysts. Dogecoin has initiated a price rally, signifying increased interest in the meme-based cryptocurrency. However, it is important to exercise caution due to the inherent volatility of the market. Cryptocurrency prices can be subject to rapid changes and corrections. Monitoring market trends, conducting thorough research, and staying updated with the latest news are crucial for making informed investment decisions.
So What
Considering the current state of the cryptocurrency market, it is important to understand the practical implications. Cryptocurrencies remain an attractive investment option for many individuals and institutions. The positive sentiment surrounding Bitcoin, Ethereum, XRP, and Dogecoin indicates market confidence and the potential for growth in the near future. However, it is crucial to approach cryptocurrency investments with caution and conduct thorough research. Investors should consider their risk tolerance, diversify their portfolios, and stay informed about market developments.
What next?
Looking ahead, the cryptocurrency market is expected to continue experiencing volatility and price fluctuations. Factors such as regulatory announcements, market sentiment, and macroeconomic conditions can significantly impact cryptocurrency prices. It is advisable for investors to closely monitor market trends, keep track of major news events, and engage in comprehensive analysis. By staying informed and adapting to market conditions, investors can make well-informed decisions and navigate the dynamic cryptocurrency landscape more effectively.
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.
