πŸ“ƒ Sep 04, 2024 – USA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Down

In the last 24 hours, the cryptocurrency market has experienced a neutral to trending down trend. Bitcoin, the leading cryptocurrency, has seen a slight decrease in price, resulting in negative sentiment among investors and concerns about the market’s overall performance. Ethereum, another major player in the market, also experienced a decline in price, contributing to the downward trend. The market capitalizations and volumes of major cryptocurrencies have remained relatively stable, with some fluctuations observed in trading volume across different exchanges. The mining sector has not shown significant variations in mining difficulty, blocks mined, block rewards, or hash rate. Economic events within the global financial market have had a moderate impact on the cryptocurrency market, with some reports highlighting potential challenges and risks. Overall, recent news has been a mix of positive and negative sentiment, with Cardano making positive headlines regarding its founder’s roadmap and the successful Chang hard fork, while negative news highlights concerns about ETH whales and North Korean hackers targeting the market.

With a neutral to trending down trend, it is important to closely monitor market movements and analyze key indicators to make informed investment decisions. While there are opportunities for growth and advancements in the blockchain industry, potential risks and uncertainties should be carefully considered before making any significant investments. The market is dynamic and can be influenced by various factors, including regulatory developments, technological advancements, and global economic conditions. It is crucial for investors to stay updated with the latest news, conduct thorough research, and seek professional advice to navigate through the cryptocurrency market with confidence.

What is important

Understanding the current state of the cryptocurrency market is vital for investors and enthusiasts alike. Key points to consider include the trend analysis, market capitalizations and volumes, exchange performance, economic events, and mining indicators.

The trend analysis reveals a neutral to trending down market, with slight downturns in the prices of Bitcoin and Ethereum. Market capitalizations and volumes have remained stable, indicating a cautious sentiment among investors. Exchanges have seen moderate fluctuations in trading volumes, while economic events impact the overall market sentiment to some extent. The mining sector remains steady, with no significant variations in difficulty, block rewards, or hash rate.

While positive news surrounding Cardano’s founder roadmap and successful hard fork provide optimism, negative news about ETH whales and hacking attempts highlight potential risks. It is crucial to stay informed about market dynamics, follow the latest news, and carefully analyze the implications of various events.

Top 5 – Latest Headlines & Cryptocurrency News

  1. Cardano Founder Unveils Roadmap Following Chang Hard Fork– Cardano’s founder reveals the roadmap following the successful Chang hard fork, which brings on-chain governance live. This update showcases significant advancements surpassing Bitcoin and provides positive momentum for Cardano.
  2. ETH Whales Take Cover In Mpeppe During Bearish Sentiment, Ethereum Price Analysis– ETH whales are moving their funds to Mpeppe amid bearish sentiment in the Ethereum market, leading to concerns about the overall market performance and Ethereum price analysis.
  3. Ethereum Faces Challenges As ETH Price Continues To Fall, Investors Fear Increases– The falling price of Ethereum raises concerns among investors, as the continuous decline impacts investor sentiment and overall market stability.
  4. Pepecoin Will Outshine Shiba Inu In 2025, Mpeppe Presale Takes Centre Stage– PepeCoin is predicted to surpass Shiba Inu by 2025 according to the Mpeppe presale. This projection highlights the positive potential and momentum of Pepecoin within the cryptocurrency market.
  5. Cardano’s Chang Hard Fork Debut Bring On-Chain Governance Live– The successful debut of Cardano’s Chang hard fork brings on-chain governance live. This significant development showcases Cardano’s ability to improve upon Bitcoin and provides a positive outlook for the future of the project.

Factors DrivingΒ the Growth – Market Sentiment

Analyzing the positive and negative sentiment keywords in the news can provide insights into market sentiment and trends. According to recent data, the most mentioned positive sentiment keywords include bitcoin, cardano, aave, and playdoge. These keywords are associated with positive developments, such as network improvements, market outperformance, and partnerships. On the other hand, negative sentiment keywords include fbi, hacked, ethereum price, and federal reserve. These keywords highlight concerns related to security breaches, regulatory scrutiny, and price fluctuations. It is important to consider these keywords as they reflect current market sentiments and investor sentiment towards specific cryptocurrencies and events.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
17bitcoin
10mpeppe
8ethereum
7cryptocurrency market
7dogecoin
6aave
6cryptocurrency
6playdoge
6solana
5investors

Negative Terms – Sentiment Analysis

OccurrencesKeyword
21bitcoin
6fbi
6matter labs
5cryptocurrency market
5ftc
5galois capital
5hacked
4bitcoin price
4eth whales
4federal reserve

Crypto Investor Fear & Greed Index

The Fear and Greed Indicators table reflects the sentiment and emotional state of the market participants. Based on recent data, the Fear and Greed Index ranges between fear and greed, with values indicating extreme fear for some cryptocurrencies. The fear indices highlight the cautious sentiment among investors, likely influenced by market fluctuations, regulatory concerns, and price volatility. The greed indices, although less prevalent, suggest some optimism and confidence. It is important to consider these indicators as they provide insights into the market sentiment and potential market movements.

DateValueVariationSource
2024-09-04 00:00:0027pt1ptAlternative.me
2024-09-03 00:00:0026pt0ptAlternative.me
2024-09-02 00:00:0026pt0ptAlternative.me
2024-09-04 00:00:0026pt0ptBinance.com
2024-09-04 00:00:0027pt1ptBinance.com
2024-09-03 00:00:0026pt0ptBinance.com
2024-09-02 00:00:0026pt0ptBinance.com
2024-09-04 00:00:0027pt1ptBitDegree.org
2024-09-03 00:00:0026pt0ptBitDegree.org
2024-09-02 00:00:0026pt0ptBitDegree.org
2024-09-04 08:00:0055pt-4ptBtcTools.io
2024-09-04 00:00:0059pt2ptBtcTools.io
2024-09-03 16:00:0057pt-7ptBtcTools.io
2024-09-03 08:00:0064pt5ptBtcTools.io
2024-09-03 00:00:0059pt2ptBtcTools.io
2024-09-02 16:00:0057pt4ptBtcTools.io
2024-09-02 08:00:0053pt9ptBtcTools.io
2024-09-02 00:00:0044pt-1ptBtcTools.io
2024-09-01 16:00:0045pt0ptBtcTools.io
2024-09-04 00:00:0027pt1ptCoinstats.app
2024-09-03 00:00:0026pt0ptCoinstats.app
2024-09-02 00:00:0026pt0ptCoinstats.app

Bitcoin: Active Addresses

The Bitcoin Address Indicators table provides valuable information about the active addresses and quantities of wallet addresses based on balance values. The total addresses have remained relatively stable, indicating consistent user activity and interest in Bitcoin. The variations in addresses with different balance thresholds illustrate the distribution and concentration of Bitcoin wealth. It is important to monitor these indicators as they reflect the adoption and usage of Bitcoin, potentially influencing market liquidity and investor sentiment.

DateAddressesVariationIndicatorSource
2024-09-04 14:00:001,321,335,5690.00%Total Addressesbitaps.com
2024-09-04 14:00:001,268,879,8580.00%Zero Balance Addressesbitaps.com
2024-09-04 14:00:00694,9120.45%Bitcoin Active Addressesbtc.com
2024-09-04 14:00:00540,5440.00%Addresses with over 0bitaps.com
2024-09-04 14:00:00219,3820.00%Addresses with over 0.0000001bitaps.com
2024-09-04 14:00:003,718,0410.01%Addresses with over 0.000001bitaps.com
2024-09-04 14:00:0010,610,9600.00%Addresses with over 0.00001bitaps.com
2024-09-04 14:00:0013,064,7140.00%Addresses with over 0.0001bitaps.com
2024-09-04 14:00:0011,633,9950.01%Addresses with over 0.001bitaps.com
2024-09-04 14:00:008,090,5110.00%Addresses with over 0.01bitaps.com
2024-09-04 14:00:003,563,8550.00%Addresses with over 0.1bitaps.com
2024-09-04 14:00:00860,1330.00%Addresses with over 1bitaps.com
2024-09-04 14:00:00137,4540.00%Addresses with over 10bitaps.com
2024-09-04 14:00:0014,0470.01%Addresses with over 100bitaps.com
2024-09-04 14:00:001,9740.00%Addresses with over 1,000bitaps.com
2024-09-04 14:00:00970.00%Addresses with over 10,000bitaps.com
2024-09-04 14:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

Economic events play a vital role in shaping the cryptocurrency market. Recent data from the Economic Events table highlights the impact of various events on cryptocurrencies. Notable events include Jobless Claims, Trade Balance reports, and interest rate decisions. These events have the potential to influence market sentiment, investor confidence, and economic stability. It is crucial to stay informed about these events as they can significantly affect the overall cryptocurrency market.

DateImpactEvent
2024-09-05 15:00:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2024-09-05 15:00:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2024-09-05 15:00:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2024-09-05 14:30:00ModerateEIA Natural Gas Report Week over Week
2024-09-05 14:00:00ModerateISM Services Index Index
2024-09-05 12:30:00ModerateProductivity and Costs Unit Labor Costs – Annual Rate
2024-09-05 12:30:00ModerateProductivity and Costs Nonfarm Productivity – Annual Rate
2024-09-05 12:30:00HighJobless Claims 4-Week Moving Average
2024-09-05 12:30:00HighJobless Claims Initial Claims – Level
2024-09-05 12:30:00HighJobless Claims Initial Claims – Change
2024-09-05 12:15:00ModerateADP Employment Report Private Payrolls – M/M
2024-09-04 20:30:00ModerateUSD – API Weekly Crude Oil Stock
2024-09-04 18:00:00ModerateUSD – Beige Book
2024-09-04 16:00:00ModerateUSD – Atlanta Fed GDPNow
2024-09-04 14:30:00ModerateCAD – BOC Press Conference
2024-09-04 14:00:00HighUSD – JOLTs Job Openings (Jul)
2024-09-04 14:00:00ModerateUSD – Factory Orders (MoM) (Jul)
2024-09-04 14:00:00ModerateFactory Orders Month over Month
2024-09-04 14:00:00ModerateJOLTS Job Openings
2024-09-04 13:45:00HighCAD – BoC Interest Rate Decision
2024-09-04 13:45:00ModerateCAD – BoC Rate Statement
2024-09-04 12:30:00ModerateUSD – Trade Balance (Jul)
2024-09-04 12:30:00ModerateUSD – Imports (Jul)
2024-09-04 12:30:00ModerateUSD – Exports (Jul)
2024-09-04 12:30:00HighInternational Trade in Goods and Services Balance
2024-09-04 12:00:00ModerateBRL – Industrial Production (YoY) (Jul)
2024-09-04 08:30:00ModerateGBP – S&P Global/CIPS UK Services PMI (Aug)
2024-09-04 08:30:00ModerateGBP – S&P Global/CIPS UK Composite PMI (Aug)
2024-09-04 08:15:00ModerateEUR – ECBΒ΄s Elderson Speaks
2024-09-04 08:00:00ModerateEUR – HCOB Eurozone Services PMI (Aug)
2024-09-04 08:00:00ModerateEUR – HCOB Eurozone Composite PMI (Aug)
2024-09-04 07:55:00ModerateEUR – HCOB Germany Services PMI (Aug)
2024-09-04 07:50:00ModerateEUR – HCOB France Services PMI (Aug)
2024-09-04 07:45:00ModerateEUR – HCOB Italy Services PMI (Aug)
2024-09-04 07:30:00ModerateEUR – German Buba Mauderer Speaks
2024-09-04 07:15:00ModerateEUR – HCOB Spain Services PMI (Aug)
2024-09-04 07:00:00ModerateEUR – ECBΒ΄s Elderson Speaks
2024-09-04 06:00:00ModerateRUB – Russian S&P Global Services PMI (Aug)
2024-09-04 01:45:00ModerateCNY – Caixin Services PMI (Aug)
2024-09-04 01:30:00ModerateAUD – GDP (YoY) (Q2)
2024-09-04 01:30:00ModerateAUD – GDP (QoQ) (Q2)
2024-09-04 00:30:00ModerateJPY – au Jibun Bank Japan Services PMI (Aug)
2024-09-04 00:00:00ModerateMotor Vehicle Sales North American-Made Sales – Annual Rate
2024-09-04 00:00:00ModerateMotor Vehicle Sales Total Vehicle Sales – Annual Rate
2024-09-03 17:00:00ModerateUSD – Atlanta Fed GDPNow
2024-09-03 16:45:00ModerateEUR – German Buba President Nagel Speaks
2024-09-03 16:00:00ModerateUSD – Atlanta Fed GDPNow
2024-09-03 15:30:00ModerateUSD – Atlanta Fed GDPNow
2024-09-03 15:00:00ModerateUSD – Atlanta Fed GDPNow

Crypto Assets Prices

The Prices table reflects recent price movements and variations in the major cryptocurrencies. Bitcoin, Ethereum, and Binance Coin have experienced both positive and negative price changes. The price variations indicate market volatility and investor sentiment. It is important to closely monitor the prices of these cryptocurrencies as they are significant indicators of market trends and potential trading opportunities.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-09-04 14:10:00Bitcoin56,714.01-2.61%-1.66-0.98%4.761.78%
2024-09-03 14:10:00Bitcoin58,196.95-0.01%-0.68-1.24%2.980.07%
2024-09-02 14:10:00Bitcoin58,200.000.44%0.552.55%2.910.40%
2024-09-03 14:10:00Ethereum2,462.69-1.59%-2.26-4.14%4.60-1.21%
2024-09-02 14:10:00Ethereum2,501.811.90%1.884.58%5.812.54%
2024-09-04 14:10:00Binance Coin503.00-4.69%-3.84-4.67%6.112.53%
2024-09-03 14:10:00Binance Coin526.601.80%0.820.77%3.58-1.19%
2024-09-02 14:10:00Binance Coin517.100.19%0.063.90%4.770.13%

CryptocurrencyΒ Capitalization and Volume

The Market Capitalizations and Volumes table provides insights into the total market capitalization and trading volumes of major cryptocurrencies. Recent data shows stability in the total capitalization and slight variations in trading volumes across different cryptocurrencies. This indicates a cautious sentiment among investors and a need for careful analysis of market trends. It is essential to track these capitalizations and volumes as they reflect the overall market sentiment and provide insights into investor behavior.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-09-04 00:00:00Binance Coin75,604,617,298-1.50%826,376,871-14.35%
2024-09-03 00:00:00Binance Coin76,757,338,5472.71%964,867,07339.38%
2024-09-02 00:00:00Binance Coin74,731,890,712-3.86%692,271,85386.89%
2024-09-04 00:00:00Bitcoin1,134,239,119,682-2.83%24,198,779,935-14.41%
2024-09-03 00:00:00Bitcoin1,167,306,722,9993.15%28,274,255,95514.73%
2024-09-02 00:00:00Bitcoin1,131,625,767,529-2.81%24,643,975,811107.02%
2024-09-04 00:00:00Ethereum292,169,827,706-4.16%10,981,531,379-9.19%
2024-09-03 00:00:00Ethereum304,838,837,6024.33%12,093,048,8767.30%
2024-09-02 00:00:00Ethereum292,181,421,998-3.37%11,270,067,83887.61%
2024-09-04 00:00:00Tether117,932,307,878-0.07%37,007,079,376-3.10%
2024-09-03 00:00:00Tether118,015,323,884-0.18%38,191,174,7764.02%
2024-09-02 00:00:00Tether118,222,238,6160.02%36,714,026,41480.07%

Cryptocurrency Exchanges Volume and Variation

Exchanges play a crucial role in the cryptocurrency market. The Exchanges table indicates the volumes and performance of major exchanges in the market. Recent data shows varying trading volumes across exchanges, reflecting trends and preferences among investors. Monitoring the performance of exchanges is essential to understand market liquidity, trading opportunities, and investor sentiment.

DateExchangeVolumeVariation
2024-09-04 00:00:00Binance167,5060.50%
2024-09-03 00:00:00Binance166,66716.69%
2024-09-02 00:00:00Binance142,82477.31%
2024-09-04 00:00:00Binance US9018.42%
2024-09-03 00:00:00Binance US76-9.52%
2024-09-02 00:00:00Binance US84127.03%
2024-09-04 00:00:00Bitfinex3,029-7.82%
2024-09-03 00:00:00Bitfinex3,2864.19%
2024-09-02 00:00:00Bitfinex3,15451.27%
2024-09-04 00:00:00Bybit61,7291.36%
2024-09-03 00:00:00Bybit60,90017.38%
2024-09-02 00:00:00Bybit51,88393.82%
2024-09-04 00:00:00Coinbase22,22825.73%
2024-09-03 00:00:00Coinbase17,67916.43%
2024-09-02 00:00:00Coinbase15,184122.25%
2024-09-04 00:00:00Crypto.com53,094-10.91%
2024-09-03 00:00:00Crypto.com59,59612.09%
2024-09-02 00:00:00Crypto.com53,170152.49%
2024-09-04 00:00:00Gate.io20,5325.09%
2024-09-03 00:00:00Gate.io19,538-0.17%
2024-09-02 00:00:00Gate.io19,57288.43%
2024-09-04 00:00:00Kraken10,82310.55%
2024-09-03 00:00:00Kraken9,79055.84%
2024-09-02 00:00:00Kraken6,282107.94%
2024-09-04 00:00:00KuCoin7,445-3.52%
2024-09-03 00:00:00KuCoin7,717-11.55%
2024-09-02 00:00:00KuCoin8,72582.91%
2024-09-04 00:00:00OKX20,763-2.70%
2024-09-03 00:00:00OKX21,340-0.17%
2024-09-02 00:00:00OKX21,376108.65%

Mining – Blockchain Technology

Mining indicators, as shown in the Mining table, provide insights into the mining difficulty, blocks mined, block rewards, and hash rate. The data illustrates stability in these indicators, suggesting a consistent mining activity and computational capacity in the cryptocurrency market. Monitoring these indicators can provide valuable insights into the network’s health and the overall mining ecosystem.

Item2024-09-042024-09-032024-09-022024-09-012024-08-312024-08-302024-08-29
Difficulty89.47T89.47T89.47T89.47T89.47T89.47T89.47T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%2.99%
Blocks859.76K859.61K859.45K859.30K859.16K859.01K858.88K
Blocks Variation0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Reward BTC3.133.133.133.133.133.133.13
Reward BTC Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Hash Rate GB663.69B743.28B640.46B640.46B645.85B587.58B720.97B
Hash Rate GB Variation-10.71%16.05%0.00%-0.83%9.92%-18.50%18.26%

Conclusion

In conclusion, the cryptocurrency market has experienced a neutral to trending down trend in the last 24 hours. Bitcoin and Ethereum prices have shown slight declines, impacting investor sentiment. Market capitalizations and volumes remain stable, indicating cautious optimism among market participants. Economic events and mining indicators provide valuable insights into market dynamics and ecosystem growth. It is important to closely monitor these indicators, stay informed about the latest news, and conduct thorough research to make informed investment decisions in the cryptocurrency market.

So What

The current state of the cryptocurrency market has practical implications for investors and enthusiasts. The neutral to trending down trend suggests the need for a cautious approach and careful analysis of market movements. Investors should consider diversifying their portfolios, conducting thorough research, and seeking professional advice to navigate through potential risks and uncertainties. It is essential to manage expectations and adopt a long-term perspective, focusing on the fundamentals and technological advancements within the blockchain industry. While short-term fluctuations are inevitable, the overall growth potential of cryptocurrencies remains promising.

What next?

Looking ahead, it is crucial to monitor market developments and key indicators. The cryptocurrency market is highly dynamic, influenced by various factors such as regulatory changes, technological advancements, and global economic conditions. Investors should keep an eye on upcoming economic events, industry partnerships, and news regarding regulatory frameworks. Additionally, analyzing market sentiment and sentiment-driven keywords can provide insights into market trends and potential price movements. By staying informed and adapting to market dynamics, investors can position themselves strategically and seize opportunities in the evolving 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.

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