Welcome to my crypto market report for August 3, 2022. 

On this site, I review the trend and performance of the crypto market on a 7-day and 30-day basis. 

This report provides a color chart to help readers quickly get a sense of market direction for the short and intermediate time frames.  

I also provide other analyses to add context to current market conditions.  

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COLOR LEGEND 

GREEN = BULLISH. For trend analysis, the metric is higher both on a 7/14/30 day and 2-day basis. This is a bullish indication, as the metric has displayed sustained upward movement.  

YELLOW = MILDLY BULLISH. For trend analysis, the metric is higher on a 7/14/30 day basis but lower on a 2-day basis. This is a mildly bullish indication, as the metric has been in an upward trend but is showing signs of weakness. 

BLUE = MILDLY BEARISH. For trend analysis, the metric is lower on a 7/14/30 day basis but higher on a 2-day basis. This is a slightly bearish indication, as the metric has been in a downward trend but is showing signs of strength. 

RED = BEARISH. For trend analysis, the metric is lower both on a 7/14/30 day and 2-day basis. This is a bearish indication, as the metric has displayed sustained downward movement.  

 

MARKET REPORT 

 

TREND OF TOTAL CRYPTO MARKET CAP  

  • Short term (7-day) trend: BEARISH
  • Intermediate term (30-day) trend: MILDLY BULLISH

 

TOTAL CRYPTO MARKET PERCENT CHANGES 

These metrics measure market performance by calculating the percent change of total cryptocurrency market cap over a 7-day and 30-day period.  

Short term (7-day) percent change: -3.17% 

  • Best trend score: BEARISH

Intermediate term (30-day) percent change: +17.90%

  • Best trend score: MILDLY BEARISH

 

BITCOIN AND ETHEREUM 

Bitcoin and Ethereum are the two largest cryptocurrencies by market cap, so they have a major influence on the direction of the cryptocurrency market. In addition, it is a widely held notion that any consideration of other cryptocurrencies should come with the expectation that they outperform Bitcoin, Ethereum or the total cryptocurrency market. Hence, I also provide analysis on Bitcoin and Ethereum in this report.  

 

TREND OF BITCOIN AND ETHEREUM 

Bitcoin 

  • Short term (7-day) trend: BEARISH
  • Intermediate term (30-day) trend: MILDLY BULLISH

Ethereum 

  • Short term (7-day) trend: BEARISH
  • Intermediate term (30-day) trend: MILDLY BULLISH

 

BITCOIN PERCENT CHANGES (ROI) 

Short term (7-day) percent change: -4.18% 

  • Best trend score: BEARISH
  • Status: underperforming total crypto market, outperforming Ethereum 

Intermediate term (30-day) percent change: +13.16% 

  • Best trend score: BEARISH
  • Status: underperforming total crypto market, underperforming Ethereum 

 

ETHEREUM PERCENT CHANGES (ROI) 

Short term (7-day) percent change: -6.18% 

  • Best trend score: BEARISH
  • Status:  underperforming total crypto market, underperforming Bitcoin

Intermediate term (30-day) percent change: +42.69% 

  • Best trend score: MILDLY BEARISH
  • Status: outperforming total crypto market, outperforming Bitcoin