πŸ“ƒ Sep 19, 2024 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Up

The cryptocurrency market has been showing a neutral trend with a slight upward movement in the last 8 hours. The evidence for this analysis is based on the positive keywords mentioned in the news, the increasing market capitalizations and volumes, and the growing interest in Bitcoin and other cryptocurrencies. However, it is important to note that market trends can change rapidly, and investors should remain cautious. The confidence level in this analysis is moderate, as it is supported by current market data and sentiment analysis.

One of the key factors driving the neutral/trending up trend is the positive news surrounding Bitcoin. The BlackRock CEO’s endorsement of Bitcoin as an opportunity and the acceptance of Bitcoin Lightning as a payment method by the Louisiana state government have contributed to the positive sentiment. Additionally, Tron’s sustainable business model and the prediction of fiat currencies becoming irrelevant in the future have reinforced the positive outlook for cryptocurrencies.

In terms of market dynamics, the market capitalizations and volumes of major cryptocurrencies have shown steady growth. Bitcoin, Ethereum, and Binance Coin have experienced moderate price increases, indicating a positive sentiment among investors. The mining sector has also seen stable difficulty levels and consistent block rewards.

However, it is important to remain cautious of negative sentiment keywords mentioned in the news. Bitcoin and the cryptocurrency market are still subject to regulatory concerns, as indicated by mentions of the SEC and bankruptcy. Additionally, the Federal Reserve’s influence and the impact of Rari Capital have been topics of discussion, which could potentially affect market sentiment in the future.

In conclusion, the cryptocurrency market is currently trending neutrally with a slight upward movement. Positive news, increasing market capitalizations, and steady mining indicators contribute to the overall positive sentiment. However, regulatory concerns and negative keywords should be monitored closely. Investors should conduct thorough research and stay informed to make well-informed decisions in this evolving market.

What is important

Key points to understand the current state of the cryptocurrency market include:
– Positive sentiment keywords dominate the news, reflecting optimism towards Bitcoin and the broader cryptocurrency market.
– Market capitalizations and volumes of major cryptocurrencies have been steadily increasing, indicating growing interest and investment.
– Bitcoin remains a significant driver of market movements, with endorsements from influential figures and increased adoption as a payment method.
– The mining sector, marked by consistent difficulty levels and block rewards, contributes to the overall stability of the market.
– Regulatory concerns and negative sentiment keywords serve as cautionary factors that investors should consider.

Overall, the cryptocurrency market exhibits a neutral trend with a slight upward movement, supported by positive market indicators and sentiment.

Top 5 – Latest Headlines & Cryptocurrency News

  1. BlackRock CEO says Bitcoin is an opportunity: Bullish for Bitcoin Dogs?– BlackRock CEO sees bitcoin as an opportunity, bullish for bitcoin dogs.
  2. Louisiana State Government Now Accepts Bitcoin Lightning As Payment– Louisiana state government now accepts Bitcoin Lightning as payment.
  3. Louisiana takes first crypto payment over Bitcoin Lightning– Louisiana accepts its first crypto payment through Bitcoin Lightning.
  4. Analyst: Tron Has A More Sustainable Business Model Than Solana, HereΒ΄s Why– Tron has a more sustainable business model than Solana in the cryptocurrency market.
  5. Fiat Currencies Will Be Irrelevant Within a Decade– The article predicts that fiat currencies will become irrelevant within a decade.

Factors DrivingΒ the Growth – Market Sentiment

The ‘Positive Keywords’ table provides insights into the most mentioned positive sentiment keywords in the news in the last 24 hours. These keywords include Bitcoin, crypto, cryptocurrencies, Ethereum, Solana, and more. The frequent mentions of these positive keywords indicate a general optimistic sentiment towards the cryptocurrency market and its potential for growth and innovation.

Positive Terms – Sentiment Analysis

OccurrencesKeyword
32bitcoin
7crypto
7cryptocurrencies
7ethereum
7solana
6cryptocurrency market
5dogecoin
5stablecoin
4binance
4bitcoin price

Negative Terms – Sentiment Analysis

OccurrencesKeyword
9bitcoin
5cryptocurrency market
5ethereum
5sec
3cryptocurrency
3federal reserve
3rari capital
2$75m
2arthur hayes
2bankruptcy

Crypto Investor Fear & Greed Index

The ‘Fear and Greed Indicators’ table shows indicators of fear and greed in the cryptocurrency market. Based on the provided dataset, the fear and greed indicators suggest a range of fear to greed sentiment, with values falling mostly within the greed range. It is worth noting that extreme values in either direction, either extreme fear or extreme greed, can indicate potential market sentiment shifts.

DateValueVariationSource
2024-09-19 00:00:0049pt4ptAlternative.me
2024-09-18 00:00:0033pt0ptAlternative.me
2024-09-18 00:00:0045pt12ptAlternative.me
2024-09-17 00:00:0033pt0ptAlternative.me
2024-09-19 00:00:0045pt0ptBinance.com
2024-09-19 00:00:0049pt4ptBinance.com
2024-09-18 00:00:0033pt0ptBinance.com
2024-09-18 00:00:0045pt12ptBinance.com
2024-09-17 00:00:0033pt0ptBinance.com
2024-09-19 00:00:0049pt4ptBitDegree.org
2024-09-18 10:00:0045pt12ptBitDegree.org
2024-09-18 00:00:0033pt0ptBitDegree.org
2024-09-17 00:00:0033pt0ptBitDegree.org
2024-09-19 08:00:0073pt1ptBtcTools.io
2024-09-19 00:00:0072pt3ptBtcTools.io
2024-09-18 08:00:0069pt1ptBtcTools.io
2024-09-18 00:00:0068pt-1ptBtcTools.io
2024-09-17 16:00:0069pt4ptBtcTools.io
2024-09-17 08:00:0065pt2ptBtcTools.io
2024-09-17 00:00:0063pt1ptBtcTools.io
2024-09-16 16:00:0062pt0ptBtcTools.io
2024-09-19 00:00:0049pt4ptCoinstats.app
2024-09-18 00:00:0045pt12ptCoinstats.app
2024-09-17 00:00:0033pt0ptCoinstats.app

Bitcoin: Active Addresses

The ‘Bitcoin Address Indicators’ table provides insights into active addresses, quantities of wallet addresses, and balance values. The dataset suggests that the number of active addresses and wallet addresses with positive balances has been consistent. This stability in address indicators can reflect a stable user base and ongoing interest in Bitcoin.

DateAddressesVariationIndicatorSource
2024-09-19 08:00:001,325,769,2500.00%Total Addressesbitaps.com
2024-09-19 08:00:001,273,263,0840.00%Zero Balance Addressesbitaps.com
2024-09-19 08:00:00720,0210.18%Bitcoin Active Addressesbtc.com
2024-09-19 08:00:00540,5640.00%Addresses with over 0bitaps.com
2024-09-19 08:00:00219,3850.00%Addresses with over 0.0000001bitaps.com
2024-09-19 08:00:003,775,6500.00%Addresses with over 0.000001bitaps.com
2024-09-19 08:00:0010,631,2460.00%Addresses with over 0.00001bitaps.com
2024-09-19 08:00:0013,002,9590.01%Addresses with over 0.0001bitaps.com
2024-09-19 08:00:0011,646,8100.00%Addresses with over 0.001bitaps.com
2024-09-19 08:00:008,103,744-0.01%Addresses with over 0.01bitaps.com
2024-09-19 08:00:003,571,019-0.02%Addresses with over 0.1bitaps.com
2024-09-19 08:00:00861,4800.00%Addresses with over 1bitaps.com
2024-09-19 08:00:00137,1820.00%Addresses with over 10bitaps.com
2024-09-19 08:00:0014,0510.04%Addresses with over 100bitaps.com
2024-09-19 08:00:001,9730.00%Addresses with over 1,000bitaps.com
2024-09-19 08:00:00990.00%Addresses with over 10,000bitaps.com
2024-09-19 08:00:0040.00%Addresses with over 100,000bitaps.com

Economic events to move the cryptocurrency market

The ‘Economic Events’ table highlights important economic events related to the cryptocurrency market. While the dataset provided lacks detailed information on the impact of these events, it is important to note that economic events can influence market sentiments and investor behavior. Monitoring these events can provide valuable insights into the overall market dynamics.

DateImpactEvent
2024-09-19 23:30:00ModerateJPY – National CPI (MoM) (Aug)
2024-09-19 23:30:00ModerateJPY – National Core CPI (YoY) (Aug)
2024-09-19 20:30:00ModerateUSD – FedΒ΄s Balance Sheet
2024-09-19 17:00:00ModerateUSD – 10-Year TIPS Auction
2024-09-19 14:40:00ModerateEUR – ECBΒ΄s Schnabel Speaks
2024-09-19 14:30:00ModerateEIA Natural Gas Report Week over Week
2024-09-19 14:00:00ModerateUSD – US Leading Index (MoM) (Aug)
2024-09-19 14:00:00ModerateUSD – Existing Home Sales (MoM) (Aug)
2024-09-19 14:00:00HighUSD – Existing Home Sales (Aug)
2024-09-19 14:00:00HighExisting Home Sales Year over Year
2024-09-19 14:00:00HighExisting Home Sales Annual Rate
2024-09-19 14:00:00HighExisting Home Sales Month over Month
2024-09-19 13:00:00ModerateZAR – Interest Rate Decision (Sep)
2024-09-19 12:30:00ModerateUSD – Philly Fed Employment (Sep)
2024-09-19 12:30:00HighUSD – Philadelphia Fed Manufacturing Index (Sep)
2024-09-19 12:30:00HighUSD – Initial Jobless Claims
2024-09-19 12:30:00ModerateUSD – Current Account (Q2)
2024-09-19 12:30:00ModerateUSD – Continuing Jobless Claims
2024-09-19 12:30:00HighJobless Claims Initial Claims – Change
2024-09-19 12:30:00HighJobless Claims Initial Claims – Level
2024-09-19 12:30:00ModeratePhiladelphia Fed Manufacturing Index Index
2024-09-19 12:30:00HighJobless Claims 4-Week Moving Average
2024-09-19 11:30:00ModerateEUR – German Buba President Nagel Speaks
2024-09-19 11:30:00ModerateGBP – BOE Inflation Letter
2024-09-19 11:00:00ModerateGBP – BoE MPC Meeting Minutes
2024-09-19 11:00:00HighGBP – BoE Interest Rate Decision (Sep)
2024-09-19 11:00:00ModerateGBP – BoE MPC vote unchanged (Sep)
2024-09-19 11:00:00ModerateGBP – BoE MPC vote hike (Sep)
2024-09-19 11:00:00ModerateGBP – BoE MPC vote cut (Sep)
2024-09-19 09:00:00ModerateEUR – ECBΒ΄s Schnabel Speaks
2024-09-19 07:30:00ModerateEUR – German Buba Balz Speaks
2024-09-19 01:30:00ModerateAUD – Unemployment Rate (Aug)
2024-09-19 01:30:00ModerateAUD – Full Employment Change (Aug)
2024-09-19 01:30:00ModerateAUD – Employment Change (Aug)
2024-09-18 22:45:00ModerateNZD – GDP (QoQ) (Q2)
2024-09-18 22:45:00ModerateNZD – Current Account (YoY) (Q2)
2024-09-18 21:30:00ModerateBRL – Interest Rate Decision
2024-09-18 20:00:00ModerateUSD – TIC Net Long-Term Transactions (Jul)
2024-09-18 20:00:00ModerateTreasury International Capital Net Long-Term Securities Transactions
2024-09-18 18:30:00HighUSD – FOMC Press Conference
2024-09-18 18:00:00HighUSD – Fed Interest Rate Decision
2024-09-18 18:00:00HighUSD – FOMC Statement
2024-09-18 18:00:00HighUSD – FOMC Economic Projections
2024-09-18 18:00:00ModerateUSD – Interest Rate Projection – Longer (Q3)
2024-09-18 18:00:00ModerateUSD – Interest Rate Projection – Current (Q3)
2024-09-18 18:00:00ModerateUSD – Interest Rate Projection – 3rd Yr (Q1)
2024-09-18 18:00:00ModerateUSD – Interest Rate Projection – 2nd Yr (Q3)
2024-09-18 18:00:00ModerateUSD – Interest Rate Projection – 1st Yr (Q3)
2024-09-18 14:30:00ModerateUSD – Cushing Crude Oil Inventories
2024-09-18 14:30:00HighUSD – Crude Oil Inventories
2024-09-18 14:30:00ModerateUSD – Atlanta Fed GDPNow (Q3)
2024-09-18 14:30:00HighEIA Petroleum Status Report Gasoline Inventories – W/W
2024-09-18 14:30:00HighEIA Petroleum Status Report Crude Oil Inventories – W/W
2024-09-18 14:30:00HighEIA Petroleum Status Report Distillate Inventories – W/W
2024-09-18 12:30:00ModerateCAD – Foreign Securities Purchases (Jul)
2024-09-18 12:30:00ModerateUSD – Housing Starts (MoM) (Aug)
2024-09-18 12:30:00ModerateUSD – Housing Starts (Aug)
2024-09-18 12:30:00ModerateUSD – Building Permits (Aug)
2024-09-18 12:30:00HighHousing Starts and Permits Permits – Annual Rate
2024-09-18 12:30:00HighHousing Starts and Permits Starts – Annual Rate
2024-09-18 12:00:00ModerateEUR – ECB McCaul Speaks
2024-09-18 11:00:00ModerateEUR – German Buba President Nagel Speaks
2024-09-18 09:00:00HighEUR – CPI (YoY) (Aug)
2024-09-18 09:00:00ModerateEUR – CPI (MoM) (Aug)
2024-09-18 09:00:00ModerateEUR – Core CPI (YoY) (Aug)

Crypto Assets Prices

The ‘Prices’ table showcases the prices, price variations, and price volatilities of major cryptocurrencies. Based on the provided dataset, the prices have shown positive variations and moderate volatilities. It is essential to consider these price movements in conjunction with other market indicators to gain a comprehensive understanding of cryptocurrency market dynamics.

DateCryptocurrencyPricePrice Variation24h Variation24h Variation Difference24h Volatility24h Volatility Difference
2024-09-19 08:26:00Bitcoin62,082.002.99%3.130.69%5.771.31%
2024-09-18 08:26:00Bitcoin60,228.022.56%2.442.85%4.461.78%
2024-09-17 08:26:00Bitcoin58,683.99-0.67%-0.411.25%2.68-1.25%
2024-09-18 08:26:00Ethereum2,322.600.63%0.560.89%3.961.46%
2024-09-17 08:26:00Ethereum2,308.03-1.06%-0.343.10%2.50-4.88%
2024-09-19 08:26:00Binance Coin555.502.00%2.231.24%4.812.05%
2024-09-18 08:26:00Binance Coin544.401.05%0.982.89%2.75-1.71%
2024-09-17 08:26:00Binance Coin538.70-2.49%-1.91-1.59%4.460.50%

CryptocurrencyΒ Capitalization and Volume

The ‘Market Capitalizations and Volumes’ table provides information on the total market capitalization and volume of major cryptocurrencies. The dataset indicates an overall upward trend in market capitalizations and volumes, suggesting increased investor participation and interest in the cryptocurrency market.

DateCryptocurrencyCapitalizationCapitalization VariationVolumeVolume Variation
2024-09-19 00:00:00Binance Coin81,871,618,3312.77%662,269,034-14.13%
2024-09-18 00:00:00Binance Coin79,668,548,0752.41%771,207,213-32.55%
2024-09-17 00:00:00Binance Coin77,796,992,721-3.68%1,143,320,91188.74%
2024-09-19 00:00:00Bitcoin1,223,444,213,6922.67%36,625,331,745-5.18%
2024-09-18 00:00:00Bitcoin1,191,603,646,9443.68%38,626,964,69130.81%
2024-09-17 00:00:00Bitcoin1,149,323,035,757-1.74%29,529,409,848116.44%
2024-09-19 00:00:00Ethereum285,924,881,2081.48%14,911,727,2023.46%
2024-09-18 00:00:00Ethereum281,768,293,0972.05%14,412,500,425-11.39%
2024-09-17 00:00:00Ethereum276,116,638,715-1.20%16,264,714,60873.59%
2024-09-19 00:00:00Tether119,156,735,0600.36%50,106,785,07410.07%
2024-09-18 00:00:00Tether118,731,731,7870.05%45,522,764,7428.90%
2024-09-17 00:00:00Tether118,673,806,683-0.12%41,803,580,99283.41%

Cryptocurrency Exchanges Volume and Variation

The ‘Exchanges’ table offers insights into the total capitalization and volume of major cryptocurrency exchanges. The dataset shows varying volumes and capitalizations across exchanges, indicating differences in user activity and trading preferences. Monitoring exchange data provides valuable information about market dynamics and liquidity.

DateExchangeVolumeVariation
2024-09-19 00:00:00Binance239,5739.01%
2024-09-18 00:00:00Binance219,7743.35%
2024-09-17 00:00:00Binance212,64470.04%
2024-09-19 00:00:00Binance US12910.26%
2024-09-18 00:00:00Binance US11720.62%
2024-09-17 00:00:00Binance US970.00%
2024-09-19 00:00:00Bitfinex2,720-1.38%
2024-09-18 00:00:00Bitfinex2,75817.31%
2024-09-17 00:00:00Bitfinex2,351-6.26%
2024-09-19 00:00:00Bybit85,27310.84%
2024-09-18 00:00:00Bybit76,9346.96%
2024-09-17 00:00:00Bybit71,92861.63%
2024-09-19 00:00:00Coinbase29,553173,741.18%
2024-09-18 00:00:00Coinbase170.00%
2024-09-17 00:00:00Coinbase170.00%
2024-09-19 00:00:00Crypto.com109,61052.11%
2024-09-18 00:00:00Crypto.com72,062-11.25%
2024-09-17 00:00:00Crypto.com81,20065.15%
2024-09-19 00:00:00Gate.io28,92928.81%
2024-09-18 00:00:00Gate.io22,459-6.39%
2024-09-17 00:00:00Gate.io23,99346.33%
2024-09-19 00:00:00Kraken12,42811.42%
2024-09-18 00:00:00Kraken11,15415.26%
2024-09-17 00:00:00Kraken9,677104.89%
2024-09-19 00:00:00KuCoin11,38013.41%
2024-09-18 00:00:00KuCoin10,03416.34%
2024-09-17 00:00:00KuCoin8,62527.49%
2024-09-19 00:00:00OKX33,38115.32%
2024-09-18 00:00:00OKX28,9465.57%
2024-09-17 00:00:00OKX27,41961.66%

Mining – Blockchain Technology

The ‘Mining’ table showcases indicators related to mining difficulty, mined blocks, block rewards, and hash rate. Based on the dataset, mining difficulty levels, block rewards, and hash rates have remained relatively stable. These indicators suggest that mining activities continue to support the underlying infrastructure of cryptocurrencies.

Item2024-09-192024-09-182024-09-172024-09-162024-09-152024-09-142024-09-13
Difficulty92.67T92.67T92.67T92.67T92.67T92.67T92.67T
Difficulty Variation0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Blocks861.91K861.77K861.62K861.49K861.34K861.20K861.08K
Blocks Variation0.02%0.02%0.01%0.02%0.02%0.01%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 GB631.78B709.49B576.01B691.01B631.78B571.87B700.74B
Hash Rate GB Variation-10.95%23.17%-16.64%9.38%10.48%-18.39%40.85%

Conclusion

In conclusion, the cryptocurrency market is currently experiencing a neutral/trending up trend, with positive sentiment keywords, increasing market capitalizations, and stable mining indicators. However, regulatory concerns and negative sentiment keywords should be monitored. It is essential for investors to conduct thorough research and consider a range of factors before making investment decisions in this dynamic market.

So What

The current state of the cryptocurrency market has implications for both investors and industry participants. Positive sentiment keywords, increasing market capitalizations, and stable mining indicators may attract more investors and contribute to the overall growth of the market. However, regulatory concerns and negative sentiment keywords highlight the importance of staying informed and monitoring developments in the regulatory landscape. It is crucial to navigate the market with caution and ensure proper risk management strategies.

What next?

Looking ahead, it is important to track market developments and regulatory updates, as they can significantly impact the cryptocurrency market. Additionally, monitoring market indicators such as prices, capitalizations, volumes, and mining activities will provide insights into market trends and investor sentiment. The cryptocurrency market is highly dynamic, and participants should stay informed to make well-informed decisions.

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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