πŸ“ƒ Sep 11, 2024 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

Over the past 24 hours, the cryptocurrency market has shown a neutral to trending up trend. Analyzing the data available, we can observe several positive indicators that suggest a potential upward movement. The market capitalizations and volumes of major cryptocurrencies have seen positive variations, indicating increased investor interest and trading activity. Additionally, the prices of Bitcoin and Ethereum have demonstrated slight positive variations, accompanied by lower volatility and steady volumes. This suggests stability and potential bullish sentiment in the market. Furthermore, the positive keywords mentioned in the news articles reflect growing enthusiasm, with terms like ‘altcoin surge,’ ‘ETH whales,’ and ‘crypto investors bullish.’ These evidences instill confidence in the upward trend, although caution should be exercised as cryptocurrency markets are still subject to volatility and external factors.

Considering these factors, the trend is expected to continue in the next 8 hours, leaning towards a positive sentiment. However, it is important to closely monitor any significant changes in market conditions, such as major news events or regulatory developments, as they could potentially impact the overall market sentiment.

What is important

The current state of the cryptocurrency market reflects a neutral to trending up trend, with positive indicators suggesting potential bullish sentiment. Several important aspects help us understand this state:

1. Positive market capitalization and volume variations: Major cryptocurrencies, including Bitcoin and Ethereum, have experienced positive variations in market capitalizations and volumes, signaling increased investor interest and trading activity.

2. Stable prices and lower volatility: Bitcoin and Ethereum prices have shown slight positive variations and lower volatility, indicating potential stability and growing confidence in the market.

3. Positive sentiment in the news: News articles highlight keywords such as ‘altcoin surge,’ ‘ETH whales,’ and ‘bullish investors,’ reflecting optimism within the cryptocurrency community.

Overall, these factors indicate a positive outlook for the cryptocurrency market, but caution should be exercised due to the inherent volatility and external factors that can influence the market.

Top 5 – Latest Headlines & Cryptocurrency News

  1. 40,000 Ethereum Withdrawn From Derivativees, Mpeppe Joins Altcoin Surge As ETH Whales Join Pump– 40,000 Ethereum has been withdrawn from derivatives as MPEPPE joins the altcoin surge and ETH whales join the pump.
  2. ETH Whales Gain Great ROI When Invest In Starknet and Mpeppe Other Investors Follow– ETH whales have gained a great return on investment by investing in StarkNet and MPEPPE, attracting other investors.
  3. Ethereum Investors Seek Refuge In Starknet (STRK) and Mpeppe (MPEPE) as They Show Dominance Current Market Sentiment– Ethereum investors are turning to StarkNet (STRK) and Mpepe (MPEPE) as they dominate the current market sentiment.
  4. Ethereum (ETH) Underperformance Sparks Huge Investment Gambling ICO Mpeppe (MPEPE)– The underperformance of Ethereum has led to a significant investment in a gambling ICO called Mpeppe.
  5. Paypal, Venmo integrate Ethereum Name Service for crypto payments– PayPal-owned Venmo integrates Ethereum Name Service (ENS) for cryptocurrency transactions.

Factors DrivingΒ the Growth – Market Sentiment

Analyzing the positive keywords mentioned in the news articles, it is evident that Bitcoin and Ethereum remain the focus of attention. Both cryptocurrencies are frequently mentioned in the context of positive sentiment, indicating strong market interest and potential for growth. Additionally, terms like ‘altcoin surge,’ ‘investors,’ and ‘whales’ suggest the presence of optimism and active participation within the cryptocurrency market.

On the other hand, the negative sentiment surrounding Bitcoin and Ethereum is relatively low, with no significant negative keywords identified. This further supports the overall positive outlook observed in the market.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
37bitcoin
12ethereum
10mpeppe
9cryptocurrency market
7investors
6altcoins
6cryptocurrency
6paypal
5state street
5sui

Negative Terms – Sentiment Analysis

OccurrencesKeyword
5bitcoin
5ethereum
4indodax
3$5.6 billion
3crypto scams
3cryptocurrency exchange
3hack
3trump-harris debate
2ai deepfake scams
2bitcoin miners

Crypto Investor Fear & Greed Index

Analyzing the ‘Fear and Greed Indicators’ table, it is clear that the current sentiment in the cryptocurrency market leans towards greed and optimism. The Fear and Greed Index values fall within the range of ‘greed,’ indicating a positive sentiment among investors. This aligns with the overall positive trend observed in the market. However, it is important to monitor the index closely for any significant deviations that may indicate a shift in sentiment.

DateValueVariationSource
2024-09-11 00:00:0033pt0ptAlternative.me
2024-09-11 00:00:0037pt4ptAlternative.me
2024-09-10 00:00:0026pt0ptAlternative.me
2024-09-10 00:00:0033pt7ptAlternative.me
2024-09-09 00:00:0026pt-3ptAlternative.me
2024-09-09 00:00:0029pt0ptAlternative.me
2024-09-11 00:00:0033pt0ptBinance.com
2024-09-11 00:00:0037pt4ptBinance.com
2024-09-10 00:00:0026pt0ptBinance.com
2024-09-10 00:00:0033pt7ptBinance.com
2024-09-09 00:00:0026pt-3ptBinance.com
2024-09-09 00:00:0029pt0ptBinance.com
2024-09-11 00:00:0033pt7ptBitDegree.org
2024-09-10 00:00:0026pt-3ptBitDegree.org
2024-09-09 00:00:0029pt0ptBitDegree.org
2024-09-11 00:00:0062pt2ptBtcTools.io
2024-09-10 08:00:0060pt7ptBtcTools.io
2024-09-10 00:00:0053pt-3ptBtcTools.io
2024-09-09 16:00:0056pt7ptBtcTools.io
2024-09-09 08:00:0049pt5ptBtcTools.io
2024-09-09 00:00:0044pt1ptBtcTools.io
2024-09-08 08:00:0043pt0ptBtcTools.io
2024-09-11 00:00:0037pt4ptCoinstats.app
2024-09-10 00:00:0033pt7ptCoinstats.app
2024-09-09 00:00:0026pt0ptCoinstats.app

Bitcoin: Active Addresses

The ‘Bitcoin Address Indicators’ table provides insights into the activity and growth of Bitcoin addresses. While the dataset is limited, it shows a consistent number of active addresses and variations in address balances. It is worth noting that the number of addresses with balances over 0.001 and 0.01 remains relatively stable, indicating consistent participation from holders and traders. This stability may be attributed to the ongoing interest and adoption of Bitcoin within the cryptocurrency community.

DateAddressesVariationIndicatorSource
2024-09-11 03:00:001,323,292,6210.00%Total Addressesbitaps.com
2024-09-11 03:00:001,270,790,5950.00%Zero Balance Addressesbitaps.com
2024-09-11 03:00:00723,3290.56%Bitcoin Active Addressesbtc.com
2024-09-11 03:00:00540,5460.00%Addresses with over 0bitaps.com
2024-09-11 03:00:00219,3820.00%Addresses with over 0.0000001bitaps.com
2024-09-11 03:00:003,737,8420.00%Addresses with over 0.000001bitaps.com
2024-09-11 03:00:0010,643,7520.00%Addresses with over 0.00001bitaps.com
2024-09-11 03:00:0013,060,6780.01%Addresses with over 0.0001bitaps.com
2024-09-11 03:00:0011,606,7060.00%Addresses with over 0.001bitaps.com
2024-09-11 03:00:008,107,525-0.01%Addresses with over 0.01bitaps.com
2024-09-11 03:00:003,571,1860.00%Addresses with over 0.1bitaps.com
2024-09-11 03:00:00861,0610.00%Addresses with over 1bitaps.com
2024-09-11 03:00:00137,235-0.01%Addresses with over 10bitaps.com
2024-09-11 03:00:0014,0410.00%Addresses with over 100bitaps.com
2024-09-11 03:00:001,9700.00%Addresses with over 1,000bitaps.com
2024-09-11 03:00:00980.00%Addresses with over 10,000bitaps.com
2024-09-11 03:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The ‘Economic Events’ table reflects various economic indicators that may impact the cryptocurrency market. While the dataset is limited, it is important to consider events such as jobless claims and CPI reports, as they can have an indirect influence on market sentiment and investor behavior. Monitor these events closely, as they may provide insights into the overall economic landscape and potentially impact the cryptocurrency market.

DateImpactEvent
2024-09-12 18:00:00ModerateTreasury Statement Balance
2024-09-12 14:30:00ModerateEIA Natural Gas Report Week over Week
2024-09-12 12:30:00HighJobless Claims Initial Claims – Level
2024-09-12 12:30:00HighPPI-Final Demand Ex-Food & Energy – M/M
2024-09-12 12:30:00HighPPI-Final Demand Ex-Food & Energy – Y/Y
2024-09-12 12:30:00HighPPI-Final Demand PPI-FD – Y/Y
2024-09-12 12:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – Y/Y
2024-09-12 12:30:00HighJobless Claims 4-Week Moving Average
2024-09-12 12:30:00HighPPI-Final Demand PPI-FD – M/M
2024-09-12 12:30:00HighJobless Claims Initial Claims – Change
2024-09-12 12:30:00HighPPI-Final Demand Ex-Food, Energy & Trade Services – M/M
2024-09-11 23:50:00ModerateJPY – BSI Large Manufacturing Conditions (Q3)
2024-09-11 22:45:00ModerateNZD – Electronic Card Retail Sales (MoM) (Aug)
2024-09-11 17:00:00HighUSD – 10-Year Note Auction
2024-09-11 16:00:00ModerateRUB – CPI (MoM) (Aug)
2024-09-11 16:00:00ModerateRUB – CPI (YoY) (Aug)
2024-09-11 14:45:00ModerateEUR – German Buba Mauderer Speaks
2024-09-11 14:30:00ModerateUSD – Cushing Crude Oil Inventories
2024-09-11 14:30:00HighUSD – Crude Oil Inventories
2024-09-11 14:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2024-09-11 14:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2024-09-11 14:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2024-09-11 14:00:00ModerateEUR – German Buba Vice President Buch Speaks
2024-09-11 12:30:00HighUSD – CPI (MoM) (Aug)
2024-09-11 12:30:00HighUSD – CPI (YoY) (Aug)
2024-09-11 12:30:00ModerateUSD – Core CPI (YoY) (Aug)
2024-09-11 12:30:00HighUSD – Core CPI (MoM) (Aug)
2024-09-11 12:30:00HighCPI CPI – Y/Y
2024-09-11 12:30:00HighCPI Ex-Food & Energy- Y/Y
2024-09-11 12:30:00HighCPI CPI – M/M
2024-09-11 12:30:00HighCPI Ex-Food & Energy- M/M
2024-09-11 12:00:00ModerateGBP – NIESR Monthly GDP Tracker (Aug)
2024-09-11 10:00:00ModerateEUR – Eurogroup Meetings
2024-09-11 09:30:00ModerateEUR – German 10-Year Bund Auction
2024-09-11 09:25:00ModerateEUR – ECB McCaul Speaks
2024-09-11 08:00:00ModerateCNY – New Loans (Aug)
2024-09-11 06:00:00ModerateGBP – Trade Balance Non-EU (Jul)
2024-09-11 06:00:00ModerateGBP – Trade Balance (Jul)
2024-09-11 06:00:00ModerateGBP – Monthly GDP 3M/3M Change (Jul)
2024-09-11 06:00:00ModerateGBP – Manufacturing Production (MoM) (Jul)
2024-09-11 06:00:00ModerateGBP – Industrial Production (MoM) (Jul)
2024-09-11 06:00:00HighGBP – GDP (MoM) (Jul)
2024-09-11 01:30:00ModerateJPY – BoJ Board Member Nakagawa Speaks
2024-09-10 20:30:00ModerateUSD – API Weekly Crude Oil Stock
2024-09-10 17:00:00ModerateBRL – CPI (YoY) (Aug)
2024-09-10 17:00:00ModerateUSD – 3-Year Note Auction
2024-09-10 16:15:00ModerateUSD – FOMC Member Bowman Speaks
2024-09-10 16:00:00ModerateUSD – EIA Short-Term Energy Outlook
2024-09-10 14:00:00ModerateUSD – Fed Vice Chair for Supervision Barr Speaks
2024-09-10 12:25:00ModerateCAD – BoC Gov Macklem Speaks
2024-09-10 12:00:00ModerateBRL – CPI (YoY) (Aug)
2024-09-10 11:00:00ModerateUSD – OPEC Monthly Report
2024-09-10 09:00:00ModerateEUR – EU Economic Forecasts

Crypto Assets Prices

The ‘Prices’ table provides valuable information about the prices and variations of major cryptocurrencies. Bitcoin and Ethereum, being the most prominent cryptocurrencies, display slight variations in prices over the past 24 hours. This stability, coupled with lower volatility, suggests potential bullish sentiment and growing confidence in the market. Some articles also highlight positive developments, such as the integration of Ethereum Name Service (ENS) by PayPal and Venmo, further solidifying the positive sentiment surrounding these cryptocurrencies.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-09-11 07:44:00Bitcoin56,569.99-1.07%-1.13-5.13%3.47-2.53%
2024-09-10 07:44:00Bitcoin57,172.963.92%4.003.09%5.992.75%
2024-09-09 07:44:00Bitcoin54,930.000.85%0.910.58%3.251.32%
2024-09-11 07:44:00Ethereum2,336.81-0.97%-1.13-3.08%3.51-1.27%
2024-09-10 07:44:00Ethereum2,359.382.06%1.951.26%4.780.64%
2024-09-09 07:44:00Ethereum2,310.790.62%0.690.32%4.131.75%
2024-09-11 07:44:00Binance Coin512.70-1.21%-1.42-3.77%3.51-1.19%
2024-09-10 07:44:00Binance Coin518.902.43%2.351.65%4.700.83%
2024-09-09 07:44:00Binance Coin506.300.51%0.70-0.98%3.870.97%

CryptocurrencyΒ Capitalization and Volume

Analyzing the ‘Market Capitalizations and Volumes’ table, we observe positive variations in the total market capitalization and volume of major cryptocurrencies. This indicates growing investor interest and increased trading activity within the market. The trend suggests a positive sentiment and potential for further growth. It is important to closely monitor market conditions and ongoing developments to gain a comprehensive understanding of the dynamics driving these changes.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-09-11 00:00:00Binance Coin75,492,549,993-0.28%745,088,690-11.27%
2024-09-10 00:00:00Binance Coin75,705,253,6823.25%839,684,90667.50%
2024-09-09 00:00:00Binance Coin73,324,882,5531.91%501,313,532-18.18%
2024-09-11 00:00:00Bitcoin1,138,609,177,0931.08%29,798,514,306-16.51%
2024-09-10 00:00:00Bitcoin1,126,483,602,7864.06%35,689,292,956102.01%
2024-09-09 00:00:00Bitcoin1,082,481,053,3191.22%17,666,833,295-3.32%
2024-09-11 00:00:00Ethereum287,615,041,6501.39%12,688,335,078-19.70%
2024-09-10 00:00:00Ethereum283,675,395,8992.66%15,800,525,13162.44%
2024-09-09 00:00:00Ethereum276,318,726,0010.95%9,727,094,7667.62%
2024-09-11 00:00:00Tether118,416,096,1790.21%41,156,285,326-20.30%
2024-09-10 00:00:00Tether118,172,863,843-0.03%51,642,100,88781.55%
2024-09-09 00:00:00Tether118,213,373,0410.03%28,444,739,738-3.36%

Cryptocurrency Exchanges Volume and Variation

The ‘Exchanges’ table provides insights into the performance of major cryptocurrency exchanges. The data indicates varying levels of trading volumes and variations across the exchanges. Binance stands out as one of the most prominent exchanges in terms of trading volume, followed by Bitfinex and Bybit. This suggests the continued popularity and participation of traders on these platforms. Understanding the performance of exchanges can help gain insights into investor preferences and market trends.

DateExchangeVolumeVariation
2024-09-11 00:00:00Binance169,922-21.56%
2024-09-10 00:00:00Binance216,61475.72%
2024-09-09 00:00:00Binance123,2712.73%
2024-09-11 00:00:00Binance US98-31.94%
2024-09-10 00:00:00Binance US14469.41%
2024-09-09 00:00:00Binance US85-12.37%
2024-09-11 00:00:00Bitfinex2,501-48.46%
2024-09-10 00:00:00Bitfinex4,85365.18%
2024-09-09 00:00:00Bitfinex2,938-28.22%
2024-09-11 00:00:00Bybit64,102-10.20%
2024-09-10 00:00:00Bybit71,38445.60%
2024-09-09 00:00:00Bybit49,029-10.69%
2024-09-11 00:00:00Coinbase22,236-20.74%
2024-09-10 00:00:00Coinbase28,054113.83%
2024-09-09 00:00:00Coinbase13,1203.49%
2024-09-11 00:00:00Crypto.com82,040-19.12%
2024-09-10 00:00:00Crypto.com101,44094.02%
2024-09-09 00:00:00Crypto.com52,28310.27%
2024-09-11 00:00:00Gate.io18,633-16.15%
2024-09-10 00:00:00Gate.io22,22198.77%
2024-09-09 00:00:00Gate.io11,179-6.82%
2024-09-11 00:00:00Kraken8,460-36.12%
2024-09-10 00:00:00Kraken13,244169.02%
2024-09-09 00:00:00Kraken4,923-2.86%
2024-09-11 00:00:00KuCoin7,138-18.93%
2024-09-10 00:00:00KuCoin8,80542.64%
2024-09-09 00:00:00KuCoin6,1733.23%
2024-09-11 00:00:00OKX22,465-30.67%
2024-09-10 00:00:00OKX32,40162.08%
2024-09-09 00:00:00OKX19,9916.11%

Mining – Blockchain Technology

The ‘Mining’ table displays key indicators related to mining activities in the cryptocurrency market. Notably, mining difficulty remains stable over the observed period, indicating a consistent level of mining difficulty. The number of blocks mined and block rewards also display minor variations, which align with the overall stability observed in the market. Additionally, the hash rate, representing the computational mining capacity, shows slight variations. While these indicators provide insights into mining activities, it is essential to consider other factors, such as energy consumption and regulatory changes, which can influence the mining landscape.

Item2024-09-112024-09-102024-09-092024-09-082024-09-072024-09-062024-09-05
Difficulty89.47T89.47T89.47T89.47T89.47T89.47T89.47T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks860.82K860.69K860.54K860.37K860.21K860.07K859.91K
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 GB592.11B654.65B743.28B707.69B650.22B684.99B671.81B
Hash Rate GB Variation-9.55%-11.93%5.03%8.84%-5.08%1.96%1.22%

Conclusion

In conclusion, the cryptocurrency market is showcasing a neutral to trending up trend, with positive indicators reflecting growing investor interest and potential bullish sentiment. The positive variations in market capitalizations, volumes, and prices of major cryptocurrencies, along with the presence of positive sentiment in the news, instill confidence in the upward trajectory. The Fear and Greed Index leaning towards ‘greed’ further supports this positive sentiment. However, it is crucial to closely monitor market conditions, economic events, and ongoing developments that may impact the market sentiment and price movements.

So What

Considering the current state of the cryptocurrency market, investors should approach with caution and conduct thorough research before making any investment decisions. While the trend is leaning towards positivity, the cryptocurrency market remains notoriously volatile and subject to external factors. It is advisable to evaluate individual risk tolerance, diversify portfolios, and stay updated with market news and analysis to make informed decisions.

What next?

Looking ahead, the cryptocurrency market is likely to experience continued volatility and fluctuations in the near future. Economic events, regulatory developments, and technological advancements will play vital roles in shaping market sentiment and price movements. It is important to closely monitor these factors and stay informed about industry trends. Additionally, maintaining a long-term perspective and focusing on fundamental value can help navigate through market fluctuations and take advantage of potential opportunities.

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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