Crypto Market Analysis & Trend: Neutral/Trending Up
The cryptocurrency market has been showing a neutral/trending up trend in the past 8 hours. Bitcoin, Ethereum, and Binance Coin have experienced positive price variations, indicating a potential upward movement. The positive sentiment is driven by several factors, including bullish price predictions for Bitcoin, the launch of OTC crypto options trading by DBS Bank, and the increased adoption of decentralized finance (DeFi). However, caution is advised as market volatility and regulatory concerns continue to pose potential risks.
The evidence supporting the neutral/trending up trend includes the steady increase in market capitalization and trading volumes. Additionally, the positive news surrounding prominent cryptocurrencies has contributed to the overall positive sentiment in the market. It is important to note that the cryptocurrency market is highly volatile and subject to rapid changes, so continuous monitoring is recommended to make informed investment decisions.
What is important
In the current state of the cryptocurrency market, several key factors should be considered:
1. Price Movements: Bitcoin, Ethereum, and Binance Coin have shown positive variations, indicating a potentially bullish market sentiment.
2. Market Capitalization: The market capitalization of major cryptocurrencies has been steadily increasing, suggesting growing investor interest.
3. Trading Volumes: High trading volumes indicate active market participation and liquidity.
4. Positive News: Positive news surrounding Bitcoin, Ethereum, and the launch of OTC crypto options trading provide a favorable outlook for the market.
5. Volatility: Despite the positive sentiment, market volatility remains a potential risk factor and should be carefully monitored.
Top 5 – Latest Headlines & Cryptocurrency News
- Elite Analyst Predicts 5000% Climb for Trending Solana (SOL) Competitor, Says It Will Overtake Chainlink (LINK) and Polkadot (DOT) Among Top 20 Cryptos– An elite analyst predicts a significant climb for Solana (SOL) and suggests it will surpass Chainlink (LINK) and Polkadot (DOT) in the top 20 cryptocurrencies.
- SkyBridge´s Scaramucci expects Bitcoin to hit six figures by 2024-end– SkyBridge´s Scaramucci expects Bitcoin to hit six figures by 2024 end.
- $10,000 in Solana (SOL) or Dogecoin (DOGE) Could Have Made You a Millionaire in 2021, Expert Explains How to Achieve Similar Results in 2024– Investing in Solana (SOL) or Dogecoin (DOGE) in 2021 could have made you a millionaire. Learn how to achieve similar results in 2024.
- Hemi Labs Raises $15M to Launch Modular Blockchain in Round Led by Binance Labs– Hemi Labs raises $15M to launch modular blockchain in round led by Binance Labs.
- How Crushing Sovereign Debt Supports Bitcoin Price And Stablecoins– The article discusses how the crushing sovereign debt is supporting the price of Bitcoin and stablecoins.
Factors Driving the Growth – Market Sentiment
The most mentioned positive sentiment keywords in recent news include Bitcoin, cryptocurrencies, crypto, Ethereum, and stablecoin. These keywords reflect the overall positive sentiment and attention towards major cryptocurrencies and blockchain technology. On the other hand, the most mentioned negative sentiment keywords include Bitcoin, cryptocurrency market, Ethereum, SEC, and Fed rate cut. These keywords highlight potential concerns related to market regulations and macroeconomic factors affecting the cryptocurrency market.
Positive Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 33 | bitcoin |
| 7 | cryptocurrencies |
| 6 | crypto |
| 6 | ethereum |
| 6 | stablecoin |
| 5 | coinbase |
| 5 | dogecoin |
| 5 | price |
| 5 | solana |
| 5 | xrp |
Negative Terms – Sentiment Analysis
| Occurrences | Keyword |
|---|---|
| 9 | bitcoin |
| 5 | cryptocurrency market |
| 5 | ethereum |
| 4 | sec |
| 3 | fed rate cut |
| 3 | rari capital |
| 2 | $75m |
| 2 | arthur hayes |
| 2 | blackrock |
| 2 | cencora |
Crypto Investor Fear & Greed Index
Based on the ‘Fear and Greed Indicators’ table, the market sentiment can be categorized as ‘fear’ to ‘greed.’ The fear and greed indicators provide insights into the overall sentiment and emotions prevailing in the cryptocurrency market. Currently, the fear and greed indicators fall within the range of extreme fear to greed, indicating mixed sentiments among market participants. Investors should exercise caution and carefully evaluate market conditions before making any investment decisions.
| Date | Value | Variation | Source |
|---|---|---|---|
| 2024-09-18 00:00:00 | 33pt | 0pt | Alternative.me |
| 2024-09-18 00:00:00 | 45pt | 12pt | Alternative.me |
| 2024-09-17 00:00:00 | 33pt | -6pt | Alternative.me |
| 2024-09-16 00:00:00 | 39pt | -12pt | Alternative.me |
| 2024-09-16 00:00:00 | 51pt | 0pt | Alternative.me |
| 2024-09-18 00:00:00 | 33pt | 0pt | Binance.com |
| 2024-09-18 00:00:00 | 45pt | 12pt | Binance.com |
| 2024-09-17 00:00:00 | 33pt | -6pt | Binance.com |
| 2024-09-16 00:00:00 | 39pt | -12pt | Binance.com |
| 2024-09-16 00:00:00 | 51pt | 0pt | Binance.com |
| 2024-09-18 10:00:00 | 45pt | 12pt | BitDegree.org |
| 2024-09-18 00:00:00 | 33pt | 0pt | BitDegree.org |
| 2024-09-17 00:00:00 | 33pt | -18pt | BitDegree.org |
| 2024-09-16 00:00:00 | 51pt | 0pt | BitDegree.org |
| 2024-09-18 08:00:00 | 69pt | 1pt | BtcTools.io |
| 2024-09-18 00:00:00 | 68pt | -1pt | BtcTools.io |
| 2024-09-17 16:00:00 | 69pt | 4pt | BtcTools.io |
| 2024-09-17 08:00:00 | 65pt | 2pt | BtcTools.io |
| 2024-09-17 00:00:00 | 63pt | 1pt | BtcTools.io |
| 2024-09-16 16:00:00 | 62pt | -1pt | BtcTools.io |
| 2024-09-16 08:00:00 | 63pt | -1pt | BtcTools.io |
| 2024-09-16 00:00:00 | 64pt | 0pt | BtcTools.io |
| 2024-09-18 00:00:00 | 45pt | 12pt | Coinstats.app |
| 2024-09-17 00:00:00 | 33pt | -6pt | Coinstats.app |
| 2024-09-16 00:00:00 | 39pt | 0pt | Coinstats.app |
Bitcoin: Active Addresses
The ‘Bitcoin Address Indicators’ table highlights the number of active addresses and wallet balances based on varying values. It indicates a consistent number of active addresses and balances for different threshold values, suggesting stable activity within the Bitcoin ecosystem. However, it is crucial to consider other factors such as transaction volumes and network congestion to assess the overall health and growth of the Bitcoin network.
| Date | Addresses | Variation | Indicator | Source |
|---|---|---|---|---|
| 2024-09-18 10:00:00 | 1,325,481,500 | 0.00% | Total Addresses | bitaps.com |
| 2024-09-18 10:00:00 | 1,272,992,018 | 0.00% | Zero Balance Addresses | bitaps.com |
| 2024-09-18 10:00:00 | 741,819 | 0.43% | Bitcoin Active Addresses | btc.com |
| 2024-09-18 10:00:00 | 540,566 | 0.00% | Addresses with over 0 | bitaps.com |
| 2024-09-18 10:00:00 | 219,385 | 0.00% | Addresses with over 0.0000001 | bitaps.com |
| 2024-09-18 10:00:00 | 3,778,929 | -0.01% | Addresses with over 0.000001 | bitaps.com |
| 2024-09-18 10:00:00 | 10,629,067 | 0.00% | Addresses with over 0.00001 | bitaps.com |
| 2024-09-18 10:00:00 | 12,993,893 | -0.06% | Addresses with over 0.0001 | bitaps.com |
| 2024-09-18 10:00:00 | 11,636,188 | -0.01% | Addresses with over 0.001 | bitaps.com |
| 2024-09-18 10:00:00 | 8,105,202 | -0.01% | Addresses with over 0.01 | bitaps.com |
| 2024-09-18 10:00:00 | 3,571,521 | 0.00% | Addresses with over 0.1 | bitaps.com |
| 2024-09-18 10:00:00 | 861,492 | 0.00% | Addresses with over 1 | bitaps.com |
| 2024-09-18 10:00:00 | 137,122 | 0.00% | Addresses with over 10 | bitaps.com |
| 2024-09-18 10:00:00 | 14,039 | 0.01% | Addresses with over 100 | bitaps.com |
| 2024-09-18 10:00:00 | 1,975 | -0.05% | Addresses with over 1,000 | bitaps.com |
| 2024-09-18 10:00:00 | 99 | 0.00% | Addresses with over 10,000 | bitaps.com |
| 2024-09-18 10:00:00 | 4 | 0.00% | Addresses with over 100,000 | bitaps.com |
Economic events to move the cryptocurrency market
The ‘Economic Events’ table provides insights into significant events affecting the global financial market, including jobless claims, interest rate decisions, and economic indicators. These events have the potential to impact not only the cryptocurrency market but also traditional financial markets. Traders and investors should monitor the outcomes of these events as they may influence market sentiment and volatility.
| Date | Impact | Event |
|---|---|---|
| 2024-09-19 14:30:00 | Moderate | EIA Natural Gas Report Week over Week |
| 2024-09-19 14:00:00 | High | Existing Home Sales Year over Year |
| 2024-09-19 14:00:00 | High | Existing Home Sales Annual Rate |
| 2024-09-19 14:00:00 | High | Existing Home Sales Month over Month |
| 2024-09-19 12:30:00 | High | Jobless Claims Initial Claims – Change |
| 2024-09-19 12:30:00 | High | Jobless Claims Initial Claims – Level |
| 2024-09-19 12:30:00 | Moderate | Philadelphia Fed Manufacturing Index Index |
| 2024-09-19 12:30:00 | High | Jobless Claims 4-Week Moving Average |
| 2024-09-18 22:45:00 | Moderate | NZD – GDP (QoQ) (Q2) |
| 2024-09-18 22:45:00 | Moderate | NZD – Current Account (YoY) (Q2) |
| 2024-09-18 21:30:00 | Moderate | BRL – Interest Rate Decision |
| 2024-09-18 20:00:00 | Moderate | USD – TIC Net Long-Term Transactions (Jul) |
| 2024-09-18 20:00:00 | Moderate | Treasury International Capital Net Long-Term Securities Transactions |
| 2024-09-18 18:30:00 | High | USD – FOMC Press Conference |
| 2024-09-18 18:00:00 | High | USD – Fed Interest Rate Decision |
| 2024-09-18 18:00:00 | High | USD – FOMC Statement |
| 2024-09-18 18:00:00 | High | USD – FOMC Economic Projections |
| 2024-09-18 18:00:00 | Moderate | USD – Interest Rate Projection – Longer (Q3) |
| 2024-09-18 18:00:00 | Moderate | USD – Interest Rate Projection – Current (Q3) |
| 2024-09-18 18:00:00 | Moderate | USD – Interest Rate Projection – 3rd Yr (Q1) |
| 2024-09-18 18:00:00 | Moderate | USD – Interest Rate Projection – 2nd Yr (Q3) |
| 2024-09-18 18:00:00 | Moderate | USD – Interest Rate Projection – 1st Yr (Q3) |
| 2024-09-18 14:30:00 | Moderate | USD – Cushing Crude Oil Inventories |
| 2024-09-18 14:30:00 | High | USD – Crude Oil Inventories |
| 2024-09-18 14:30:00 | Moderate | USD – Atlanta Fed GDPNow (Q3) |
| 2024-09-18 14:30:00 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2024-09-18 14:30:00 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2024-09-18 14:30:00 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2024-09-18 12:30:00 | Moderate | CAD – Foreign Securities Purchases (Jul) |
| 2024-09-18 12:30:00 | Moderate | USD – Housing Starts (MoM) (Aug) |
| 2024-09-18 12:30:00 | Moderate | USD – Housing Starts (Aug) |
| 2024-09-18 12:30:00 | Moderate | USD – Building Permits (Aug) |
| 2024-09-18 12:30:00 | High | Housing Starts and Permits Permits – Annual Rate |
| 2024-09-18 12:30:00 | High | Housing Starts and Permits Starts – Annual Rate |
| 2024-09-18 12:00:00 | Moderate | EUR – ECB McCaul Speaks |
| 2024-09-18 11:00:00 | Moderate | EUR – German Buba President Nagel Speaks |
| 2024-09-18 09:00:00 | High | EUR – CPI (YoY) (Aug) |
| 2024-09-18 09:00:00 | Moderate | EUR – CPI (MoM) (Aug) |
| 2024-09-18 09:00:00 | Moderate | EUR – Core CPI (YoY) (Aug) |
| 2024-09-18 06:00:00 | Moderate | GBP – PPI Input (MoM) (Aug) |
| 2024-09-18 06:00:00 | Moderate | GBP – CPIH (YoY) |
| 2024-09-18 06:00:00 | High | GBP – CPI (YoY) (Aug) |
| 2024-09-18 06:00:00 | Moderate | GBP – CPI (MoM) (Aug) |
Crypto Assets Prices
The ‘Prices’ table highlights the price, price variation, and volatility of major cryptocurrencies. Bitcoin, Ethereum, and Binance Coin have shown positive price variations and moderate volatilities, indicating potential market growth. It is essential to track price movements and analyze market trends for informed decision-making.
| Date | Cryptocurrency | Price | Price Variation | 24h Variation | 24h Variation Difference | 24h Volatility | 24h Volatility Difference |
|---|---|---|---|---|---|---|---|
| 2024-09-18 23:50:00 | Bitcoin | 61,234.00 | 1.55% | 1.53 | -2.03% | 3.76 | -2.68% |
| 2024-09-17 23:50:00 | Bitcoin | 60,286.00 | 3.25% | 3.56 | 4.92% | 6.44 | 3.45% |
| 2024-09-16 23:50:00 | Bitcoin | 58,329.09 | -1.40% | -1.36 | 0.05% | 2.99 | 0.08% |
| 2024-09-18 23:50:00 | Ethereum | 2,356.19 | 0.73% | 0.61 | -1.27% | 3.82 | -1.94% |
| 2024-09-17 23:50:00 | Ethereum | 2,339.00 | 1.71% | 1.89 | 2.62% | 5.76 | 2.06% |
| 2024-09-16 23:50:00 | Ethereum | 2,299.01 | -0.85% | -0.74 | 3.36% | 3.70 | -2.72% |
| 2024-09-18 23:50:00 | Binance Coin | 557.50 | 2.10% | 2.07 | -0.20% | 4.17 | -0.31% |
| 2024-09-17 23:50:00 | Binance Coin | 545.80 | 2.00% | 2.27 | 5.61% | 4.48 | -0.87% |
| 2024-09-16 23:50:00 | Binance Coin | 534.90 | -3.29% | -3.34 | -3.18% | 5.35 | 2.44% |
Cryptocurrency Capitalization and Volume
The ‘Market Capitalizations and Volumes’ table provides insights into the total market capitalization and volume of major cryptocurrencies. The market capitalization of Bitcoin, Ethereum, and Tether has shown positive variations, indicating increased investor interest. The trading volumes reflect active market participation. These metrics are crucial indicators of the overall market health and potential investment opportunities.
| Date | Cryptocurrency | Capitalization | Capitalization Variation | Volume | Volume Variation |
|---|---|---|---|---|---|
| 2024-09-18 00:00:00 | Binance Coin | 79,668,548,075 | 2.41% | 771,207,213 | -32.55% |
| 2024-09-17 00:00:00 | Binance Coin | 77,796,992,721 | -3.68% | 1,143,320,911 | 88.74% |
| 2024-09-16 00:00:00 | Binance Coin | 80,766,431,234 | 0.01% | 605,770,423 | 10.97% |
| 2024-09-18 00:00:00 | Bitcoin | 1,191,603,646,944 | 3.68% | 38,626,964,691 | 30.81% |
| 2024-09-17 00:00:00 | Bitcoin | 1,149,323,035,757 | -1.74% | 29,529,409,848 | 116.44% |
| 2024-09-16 00:00:00 | Bitcoin | 1,169,620,524,573 | -1.34% | 13,643,321,348 | -3.88% |
| 2024-09-18 00:00:00 | Ethereum | 281,768,293,097 | 2.05% | 14,412,500,425 | -11.39% |
| 2024-09-17 00:00:00 | Ethereum | 276,116,638,715 | -1.20% | 16,264,714,608 | 73.59% |
| 2024-09-16 00:00:00 | Ethereum | 279,461,789,352 | -3.98% | 9,369,713,445 | 30.20% |
| 2024-09-18 00:00:00 | Tether | 118,731,731,787 | 0.05% | 45,522,764,742 | 8.90% |
| 2024-09-17 00:00:00 | Tether | 118,673,806,683 | -0.12% | 41,803,580,992 | 83.41% |
| 2024-09-16 00:00:00 | Tether | 118,816,754,566 | 0.16% | 22,792,556,146 | -2.46% |
Cryptocurrency Exchanges Volume and Variation
The ‘Exchanges’ table showcases the trading volumes and variations on major cryptocurrency exchanges. Binance, Binance US, and Coinbase have demonstrated significant trading volumes, suggesting high liquidity and market activity. Traders should consider these exchanges for their trading activities and stay updated on any regulatory changes that may impact these platforms.
| Date | Exchange | Volume | Variation |
|---|---|---|---|
| 2024-09-18 00:00:00 | Binance | 219,774 | 3.35% |
| 2024-09-17 00:00:00 | Binance | 212,644 | 70.04% |
| 2024-09-16 00:00:00 | Binance | 125,057 | 16.73% |
| 2024-09-18 00:00:00 | Binance US | 117 | 20.62% |
| 2024-09-17 00:00:00 | Binance US | 97 | 0.00% |
| 2024-09-16 00:00:00 | Binance US | 97 | 31.08% |
| 2024-09-18 00:00:00 | Bitfinex | 2,758 | 17.31% |
| 2024-09-17 00:00:00 | Bitfinex | 2,351 | -6.26% |
| 2024-09-16 00:00:00 | Bitfinex | 2,508 | 55.01% |
| 2024-09-18 00:00:00 | Bybit | 76,934 | 6.96% |
| 2024-09-17 00:00:00 | Bybit | 71,928 | 61.63% |
| 2024-09-16 00:00:00 | Bybit | 44,501 | 18.65% |
| 2024-09-18 00:00:00 | Coinbase | 17 | 0.00% |
| 2024-09-17 00:00:00 | Coinbase | 17 | 0.00% |
| 2024-09-16 00:00:00 | Coinbase | 17 | 0.00% |
| 2024-09-18 00:00:00 | Crypto.com | 72,062 | -11.25% |
| 2024-09-17 00:00:00 | Crypto.com | 81,200 | 65.15% |
| 2024-09-16 00:00:00 | Crypto.com | 49,167 | 48.21% |
| 2024-09-18 00:00:00 | Gate.io | 22,459 | -6.39% |
| 2024-09-17 00:00:00 | Gate.io | 23,993 | 46.33% |
| 2024-09-16 00:00:00 | Gate.io | 16,396 | 30.84% |
| 2024-09-18 00:00:00 | Kraken | 11,154 | 15.26% |
| 2024-09-17 00:00:00 | Kraken | 9,677 | 104.89% |
| 2024-09-16 00:00:00 | Kraken | 4,723 | 8.45% |
| 2024-09-18 00:00:00 | KuCoin | 10,034 | 16.34% |
| 2024-09-17 00:00:00 | KuCoin | 8,625 | 27.49% |
| 2024-09-16 00:00:00 | KuCoin | 6,765 | 7.14% |
| 2024-09-18 00:00:00 | OKX | 28,946 | 5.57% |
| 2024-09-17 00:00:00 | OKX | 27,419 | 61.66% |
| 2024-09-16 00:00:00 | OKX | 16,961 | 6.21% |
Mining – Blockchain Technology
The ‘Mining’ table presents mining difficulty, mined blocks, block rewards, and hash rate, which indicates the computational mining capacity. The mining difficulty has remained consistent, reflecting the stability of the mining network. The number of mined blocks and block rewards have shown minimal variations, while the hash rate has experienced fluctuations, indicating changes in computational power. These mining indicators are crucial for understanding the mining ecosystem and its impact on the cryptocurrency market.
| Item | 2024-09-18 | 2024-09-17 | 2024-09-16 | 2024-09-15 | 2024-09-14 | 2024-09-13 | 2024-09-12 |
|---|---|---|---|---|---|---|---|
| Difficulty | 92.67T | 92.67T | 92.67T | 92.67T | 92.67T | 92.67T | 92.67T |
| Difficulty Variation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.58% |
| Blocks | 861.77K | 861.62K | 861.49K | 861.34K | 861.20K | 861.08K | 860.93K |
| Blocks Variation | 0.02% | 0.01% | 0.02% | 0.02% | 0.01% | 0.02% | 0.01% |
| 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 | 709.49B | 576.01B | 691.01B | 631.78B | 571.87B | 700.74B | 497.53B |
| Hash Rate GB Variation | 23.17% | -16.64% | 9.38% | 10.48% | -18.39% | 40.85% | -15.97% |
Conclusion
In conclusion, the cryptocurrency market is currently showing a neutral/trending up trend. Positive market indicators, including price variations, market capitalization, and trading volumes, suggest growing investor interest. However, market volatility and regulatory concerns remain potential risks. It is crucial for investors to stay informed, analyze market trends, and exercise caution before making investment decisions.
Moving forward, the practical implications of the current market state emphasize the need for continuous monitoring, risk management, and informed decision-making. As the market continues to evolve, market participants should adapt to changing conditions and remain updated on industry developments.
So What
The current state of the cryptocurrency market presents both opportunities and challenges. For investors, this means adopting a cautious and informed approach to navigate the evolving market dynamics. It is essential to analyze market trends, consider risk-reward ratios, and evaluate the long-term potential of investments. Additionally, staying updated on regulatory developments and global economic indicators can provide insights into the broader market landscape.
What next?
Looking ahead, the cryptocurrency market is expected to witness continued growth and innovation. Ongoing advancements in decentralized finance (DeFi), institutional adoption, and technological developments are likely to shape the market’s trajectory. Investors should closely monitor market trends, stay updated on industry news, and evaluate investment opportunities based on thorough research and analysis.
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.
