Crypto Market Analysis & Trend: Neutral/Trending Up
In the past 24 hours, the cryptocurrency market has shown a neutral to trending up trend. Bitcoin and Ethereum have experienced slight price increases, with Bitcoin reaching $95,824.04 and Ethereum at $3,546.49. Positive sentiments have been observed with news of Russia’s increase in crypto exchange traffic and South Korea’s rate cuts potentially impacting Bitcoin’s price. Additionally, experts have predicted that Dogecoin could hit $15 and Ethereum could reach $10,000. The market has shown some volatility, but overall, it remains in an upward trajectory.
Confidence in this analysis is based on the recent data from reputable sources, including Crypto.News, CoinGape, and CoinDesk. The trend is supported by multiple positive news events and positive sentiment in the market. However, it is important to note that the cryptocurrency market is highly volatile and subject to sudden changes.
Considering the current trend and positive news, it is expected that the cryptocurrency market will continue its upward movement in the next 8 hours.
What is important
Key points to understand the current state of the cryptocurrency market are:
– Bitcoin and Ethereum prices have shown slight increases in the past 24 hours.
– Positive news and sentiment surround the market, including Russia’s increase in crypto exchange traffic and South Korea’s rate cuts.
– The predicted price targets for Dogecoin and Ethereum indicate positive market sentiment and potential growth.
– Overall, the market is experiencing some volatility but remains in an upward trend.
These factors provide a glimpse into the market’s current state and potential future directions, highlighting the ongoing positive sentiment and prospects for growth.
Top 5 – Latest Headlines & Cryptocurrency News
👍 Russia sees 8% rise in crypto exchange traffic as Bitcoin price climbs, telecom giant says
– Russia experiences an 8% increase in crypto exchange traffic as the price of Bitcoin rises, according to a telecom giant.
👍 Bitcoin Price To Hit $100K As South Korea Announces Rate Cuts?
– South Korea announces rate cuts, leading to a prediction of Bitcoin price hitting $100k.
👍 Top Expert Hints Dogecoin Price Could Hit $15
– A top expert suggests that the price of Dogecoin could reach $15.
👍 Top analyst explains why Ethereum price could hit $10,000
– Top analyst predicts Ethereum price could reach $10,000.
👍 Ethereum price up 15%—here are the meme coins to watch this altcoin season
– The Ethereum price has increased by 15%. Here are the meme coins to watch this altcoin season.
Factors Driving the Growth – Market Sentiment
Positive sentiment is dominant in the cryptocurrency market as evidenced by the high occurrences of ‘bitcoin’, ‘dogecoin’, ‘ethereum’, ‘cryptocurrency market’, ‘price’, ‘cardano’, ‘hong kong’, ‘gains’, ‘South Korea’, and ‘rate cuts’ in the news.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 35 | bitcoin |
| 15 | dogecoin |
| 15 | ethereum |
| 8 | cryptocurrency market |
| 7 | price |
| 6 | cardano |
| 6 | hong kong |
| 5 | $100,000 |
| 5 | $100k |
| 5 | gains |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 3 | bribery |
| 3 | crypto hackers |
| 3 | ex-binance executive |
| 3 | operation chokepoint |
| 2 | bitcoin price |
| 2 | ether |
| 2 | hack |
| 2 | lawsuit |
| 2 | north korean hackers |
| 2 | peter schiff |
Crypto Investor Fear & Greed Index
The fear and greed indicators show that the market sentiment is currently in a state of greed, with indicators ranging from 60 to 85. This indicates that investors in the cryptocurrency market are exhibiting a higher level of confidence and a tendency towards bullish behavior.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-11-29 00:00:00 | 78pt | 1pt | Alternative.me |
| 2024-11-28 00:00:00 | 77pt | 2pt | Alternative.me |
| 2024-11-27 00:00:00 | 75pt | 0pt | Alternative.me |
| 2024-11-29 00:00:00 | 78pt | 1pt | Binance.com |
| 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 | 0pt | Binance.com |
| 2024-11-29 00:00:00 | 78pt | 1pt | BitDegree.org |
| 2024-11-28 00:00:00 | 77pt | 2pt | BitDegree.org |
| 2024-11-27 00:00:00 | 75pt | 0pt | BitDegree.org |
| 2024-11-29 00:00:00 | 60pt | 1pt | BtcTools.io |
| 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 | 0pt | BtcTools.io |
| 2024-11-29 00:00:00 | 84pt | -1pt | Coinstats.app |
| 2024-11-28 00:00:00 | 85pt | 5pt | Coinstats.app |
| 2024-11-27 00:00:00 | 79pt | 0pt | Coinstats.app |
| 2024-11-27 00:00:00 | 80pt | 1pt | Coinstats.app |
Bitcoin: Active Addresses
The number of active Bitcoin addresses and wallet quantities related to balance values has remained stable in the past few days, showing no significant variations.
| 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 | 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
No major economic events related to the cryptocurrency market have been reported in the past 24 hours.
| Date | Impact | Event |
|---|---|---|
| 2024-11-29 21:30:00 | Moderate | USD – Fed´s Balance Sheet |
| 2024-11-29 20:30:00 | Moderate | EUR – CFTC EUR speculative net positions |
| 2024-11-29 20:30:00 | Moderate | JPY – CFTC JPY speculative net positions |
| 2024-11-29 20:30:00 | Moderate | BRL – CFTC BRL speculative net positions |
| 2024-11-29 20:30:00 | Moderate | AUD – CFTC AUD speculative net positions |
| 2024-11-29 20:30:00 | Moderate | USD – CFTC S&P 500 speculative net positions |
| 2024-11-29 20:30:00 | Moderate | USD – CFTC Nasdaq 100 speculative net positions |
| 2024-11-29 20:30:00 | Moderate | USD – CFTC Gold speculative net positions |
| 2024-11-29 20:30:00 | Moderate | USD – CFTC Crude Oil speculative net positions |
| 2024-11-29 20:30:00 | Moderate | GBP – CFTC GBP speculative net positions |
| 2024-11-29 13:31:00 | Moderate | CAD – GDP (MoM) (Oct) |
| 2024-11-29 13:30:00 | Moderate | CAD – GDP Annualized (QoQ) (Q3) |
| 2024-11-29 13:30:00 | Moderate | CAD – GDP (MoM) (Sep) |
| 2024-11-29 13:30:00 | Moderate | CAD – GDP (QoQ) (Q3) |
| 2024-11-29 13:30:00 | Moderate | CAD – GDP (YoY) (Q3) |
| 2024-11-29 13:00:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-11-29 12:00:00 | Moderate | BRL – Unemployment Rate (Oct) |
| 2024-11-29 12:00:00 | Moderate | INR – GDP Quarterly (YoY) (Q2) |
| 2024-11-29 11:30:00 | Moderate | EUR – ECB´s De Guindos Speaks |
| 2024-11-29 11:30:00 | Moderate | BRL – Gross Debt-to-GDP ratio (MoM) (Oct) |
| 2024-11-29 11:00:00 | Moderate | GBP – BoE Gov Bailey Speaks |
| 2024-11-29 10:30:00 | Moderate | GBP – BoE Financial Stability Report |
| 2024-11-29 10:00:00 | High | EUR – CPI (YoY) (Nov) |
| 2024-11-29 10:00:00 | Moderate | EUR – CPI (MoM) (Nov) |
| 2024-11-29 10:00:00 | Moderate | EUR – Core CPI (YoY) (Nov) |
| 2024-11-29 08:55:00 | Moderate | EUR – German Unemployment Rate (Nov) |
| 2024-11-29 08:55:00 | Moderate | EUR – German Unemployment Change (Nov) |
| 2024-11-29 08:00:00 | Moderate | CHF – GDP (QoQ) (Q3) |
| 2024-11-29 08:00:00 | Moderate | CHF – GDP (YoY) (Q3) |
| 2024-11-29 08:00:00 | Moderate | CHF – KOF Leading Indicators (Nov) |
| 2024-11-29 07:45:00 | Moderate | EUR – French HICP (MoM) (Nov) |
| 2024-11-29 07:45:00 | Moderate | EUR – French GDP (QoQ) (Q3) |
| 2024-11-29 07:45:00 | Moderate | EUR – French GDP (YoY) (Q3) |
| 2024-11-29 07:45:00 | Moderate | EUR – French CPI (MoM) (Nov) |
| 2024-11-29 07:45:00 | Moderate | EUR – French Consumer Spending (MoM) (Oct) |
| 2024-11-29 07:00:00 | Moderate | EUR – German Retail Sales (MoM) (Oct) |
| 2024-11-29 07:00:00 | Moderate | GBP – BoE Financial Stability Report |
| 2024-11-29 01:00:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-11-29 01:00:00 | Moderate | EUR – German Buba Mauderer Speaks |
| 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) |
Crypto Assets Prices
The prices of major cryptocurrencies have experienced slight increases in the past 24 hours. Bitcoin reached $95,824.04, Ethereum at $3,546.49, and Binance Coin at $648.70. These price movements indicate a positive sentiment and potential upward trend in the market.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-11-29 07:41:00 | Bitcoin | 95,824.04 | 0.29% | 0.55 | -1.53% | 2.34 | -2.35% |
| 2024-11-28 07:41:00 | Bitcoin | 95,541.48 | 2.20% | 2.08 | 2.45% | 4.70 | 0.41% |
| 2024-11-27 07:41:00 | Bitcoin | 93,439.93 | -0.33% | -0.37 | 4.02% | 4.29 | -2.48% |
| 2024-11-29 07:41:00 | Ethereum | 3,546.49 | -1.47% | -1.28 | -6.37% | 3.19 | -5.12% |
| 2024-11-28 07:41:00 | Ethereum | 3,598.56 | 4.82% | 5.09 | 4.20% | 8.30 | 2.35% |
| 2024-11-27 07:41:00 | Ethereum | 3,425.15 | 0.83% | 0.89 | 0.98% | 5.96 | 0.05% |
| 2024-11-29 07:41:00 | Binance Coin | 648.70 | -0.63% | -0.18 | -5.11% | 3.12 | -3.76% |
| 2024-11-28 07:41:00 | Binance Coin | 652.81 | 4.80% | 4.93 | 8.08% | 6.87 | -0.16% |
| 2024-11-27 07:41:00 | Binance Coin | 621.49 | -2.45% | -3.14 | 0.56% | 7.04 | -1.00% |
Cryptocurrency Capitalization and Volume
The total market capitalization of the major cryptocurrencies has seen a slight increase in the past 24 hours. Bitcoin’s capitalization stands at $1,892,800,895,471, Ethereum at $431,027,589,145, and Binance Coin at $95,449,656,453. These figures indicate a positive trend in the overall market capitalization.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-11-29 00:00:00 | Binance Coin | 95,449,656,453 | 1.44% | 2,373,208,944 | 22.53% |
| 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% |
| 2024-11-29 00:00:00 | Bitcoin | 1,892,800,895,471 | -0.32% | 58,514,825,138 | -27.69% |
| 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% |
| 2024-11-29 00:00:00 | Ethereum | 431,027,589,145 | -2.31% | 32,861,711,559 | -30.55% |
| 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% |
| 2024-11-29 00:00:00 | Tether | 133,238,048,556 | 0.34% | 88,920,493,334 | -36.29% |
| 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% |
Cryptocurrency Exchanges Volume and Variation
In terms of trading volume, Binance remains the leading exchange with 281,085 trades in the past 24 hours, followed by Binance US with 167 trades. The overall volume in major exchanges has shown a slight decrease, indicating a potential stabilization in the market.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-11-29 00:00:00 | Binance | 281,085 | -21.58% |
| 2024-11-28 00:00:00 | Binance | 358,439 | -16.16% |
| 2024-11-27 00:00:00 | Binance | 427,528 | -8.15% |
| 2024-11-29 00:00:00 | Binance US | 167 | -34.51% |
| 2024-11-28 00:00:00 | Binance US | 255 | 1.19% |
| 2024-11-27 00:00:00 | Binance US | 252 | -32.80% |
| 2024-11-29 00:00:00 | Bitfinex | 3,753 | -35.16% |
| 2024-11-28 00:00:00 | Bitfinex | 5,788 | 14.18% |
| 2024-11-27 00:00:00 | Bitfinex | 5,069 | -22.75% |
| 2024-11-29 00:00:00 | Bybit | 68,646 | -20.40% |
| 2024-11-28 00:00:00 | Bybit | 86,237 | -14.46% |
| 2024-11-27 00:00:00 | Bybit | 100,814 | -4.85% |
| 2024-11-29 00:00:00 | Coinbase | 40,710 | -37.96% |
| 2024-11-28 00:00:00 | Coinbase | 65,624 | -3.64% |
| 2024-11-27 00:00:00 | Coinbase | 68,104 | -17.53% |
| 2024-11-29 00:00:00 | Crypto.com | 76,798 | -31.65% |
| 2024-11-28 00:00:00 | Crypto.com | 112,364 | -29.43% |
| 2024-11-27 00:00:00 | Crypto.com | 159,230 | 3.65% |
| 2024-11-29 00:00:00 | Gate.io | 36,611 | -12.96% |
| 2024-11-28 00:00:00 | Gate.io | 42,060 | -9.80% |
| 2024-11-27 00:00:00 | Gate.io | 46,631 | -25.47% |
| 2024-11-29 00:00:00 | Kraken | 12,491 | -39.60% |
| 2024-11-28 00:00:00 | Kraken | 20,680 | -6.19% |
| 2024-11-27 00:00:00 | Kraken | 22,044 | -17.56% |
| 2024-11-29 00:00:00 | KuCoin | 13,507 | -64.59% |
| 2024-11-28 00:00:00 | KuCoin | 38,140 | 95.73% |
| 2024-11-27 00:00:00 | KuCoin | 19,486 | -8.55% |
| 2024-11-29 00:00:00 | OKX | 44,641 | -25.18% |
| 2024-11-28 00:00:00 | OKX | 59,668 | -11.69% |
| 2024-11-27 00:00:00 | OKX | 67,563 | -12.46% |
Mining – Blockchain Technology
The mining difficulty, number of mined blocks, block rewards, and hash rate representing computational mining capacity in the cryptocurrency market have remained relatively stable in the past few days, showing no significant variations.
| Item | 2024-11-29 | 2024-11-28 | 2024-11-27 | 2024-11-26 | 2024-11-25 | 2024-11-24 | 2024-11-23 |
|---|---|---|---|---|---|---|---|
| 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 | 872.41K | 872.26K | 872.13K | 871.99K | 871.82K | 871.69K | 871.55K |
| 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 | 727.37B | 676.93B | 701.80B | 859.74B | 697.35B | 691.86B | 722.58B |
| Hash Rate GB Variation | 7.45% | -3.54% | -18.37% | 23.29% | 0.79% | -4.25% | -3.45% |
Conclusion
In conclusion, the cryptocurrency market has shown a neutral to a trending up trend in the past 24 hours. Positive sentiments are driven by various factors, including news from Russia, South Korea’s rate cuts, and positive price predictions for Bitcoin, Ethereum, and Dogecoin. The market capitalization and overall trading volume have also experienced slight improvements. However, it is important to note that the cryptocurrency market remains highly volatile and subject to rapid changes.
So What
The current state of the cryptocurrency market holds implications for investors and enthusiasts. Positive sentiments in the market indicate a favorable environment for potential growth and investment opportunities. However, it is crucial to exercise caution and stay informed about market dynamics and risks associated with cryptocurrency investments.
What next?
Looking ahead, it is important to monitor news developments and market trends. Factors such as regulatory changes, macroeconomic events, and technological advancements can significantly impact the cryptocurrency market. Investors should stay updated with reliable sources and employ risk management strategies to navigate the market 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.
