Bybit Cryptocurrency Exchange
- Offers leverage and derivative trading
- Supports EUR, GBP and CHF
- Licensed to operate in all European countries
Temperature reflects the price change, it has dropped over the last 24 hours and is indicative of a bull market.
Prices have changed by 1.66% on average over the period.
Conditions describe the trend in trading volume and price.
The trading volume over the last 24 hours was 212% of the average over the previous 7 days.
Wind speed reflects the market’s volatility.
The volatility of the top 200 coins over the last 24 hours was 1%.
Finder’s Cryptocurrency Weather Report describes the daily health of the global cryptocurrency market. Changes in the price, trading volume and volatility of the top 200 coins determine the current temperature, conditions and wind speed.
Today’s report describes the conditions over the previous 24 hours and is updated daily at 6pm AEST. Here’s what the figures mean.
Finder conducts regular industry survey to understand how cryptocurrency prices will change in the future. These price predictions are available for bitcoin, ethereum, litecoin, dogecoin, ripple and solana.
Finder’s algorithm analyses the behaviour of the top 200 cryptocurrencies over a 24-hour period and converts that data into a global cryptocurrency weather report. The report translates various aspects of the crypto market as described below.
Temperature relates to the change in the price of the top 200 coins over the last 24 hours, weighted by market share (see below). The temperature will usually range from 32°F to 104°F, with 68°F being the mid-point – but can exceed these boundaries in exceptional circumstances. An increase in the weighted average price will result in a temperature above 20°F, while a decrease will result in a temperature below 68°F. This metric changes in relation to price as follows:
Conditions in this report describe the level of cloud cover and rain. This metric is based on the change in trading volume of the top 200 coins over the last 24-hour period. This trading volume, as weighted by market share, is compared to the rolling average of the previous 7 days. An 80% trading volume, for example, means that the market is trading at 80% of the previous 7-day average.
A positive or negative element is then applied depending on whether the market is gaining (prices are increasing) or losing (prices are decreasing) value. Increasing prices result in sunny, clear conditions. Decreasing prices result in cloudy, rainy conditions.
|Icon||Condition||Average price||Trading volume trend|
|Sunny||Increased||Very high (100%+)|
|Mostly sunny||Increased||High (80%+)|
|Partial sun||Increased||Medium (60%+)|
|Overcast||Increased or decreased||Low (Under 60%)|
|Heavy rain||Decreased||High (80%+)|
|Thunder||Decreased||Very high (100%+)|
Wind speed describes the volatility of the top 200 coins over the past 24 hours, weighted by market share. Volatility, in this case, is defined as the standard deviation of the price of each individual coin over 24 measurements taken hourly. A large volume of price fluctuation will result in a higher value. This percentage change is transformed into a wind speed using an adapted version of the Beaufort scale.
|Calm||0 – 0.5%|
|Light breeze||0.5% – 1%|
|Fresh breeze||1% – 2%|
|Strong breeze||2% – 3%|
|Near gale||3% – 4%|
|Gale||4% – 5%|
The percentage of market share for an individual coin is calculated as the total market capitalization of each coin compared to the total market capitalization of the top 200 coins. The performance of larger coins such as Bitcoin and Ethereum will, therefore, have the most significant effect on this metric.
Are you visiting from outside the US?
With all this speculation surrounding the bitcoin ETF here’s the good news if we don’t get a spot bitcoin ETF soon.
Learn more about the various types of crypto assets and their functions.
Learn about some major crypto hacks and what you can do to protect yourself.
Discover more about the 31 assets in Coinbase Ventures Portfolio and its $484bn market cap.
Learn about some of the biggest crypto rug pulls and how to avoid getting “rugged”
We size up the 2 largest stablecoins on the crypto market – Tether (USDT) and USD Coin (USDC) – to see how they compare.
Layer 1 and Layer 2 blockchains must scale to onboard more users; learn more about these two technologies.
Finder’s Cryptocurrency Adoption Index measures the growth of cryptocurrencies across the US through a regular survey.
Staking is one of the most popular ways to earn an income with cryptocurrency – learn how to get started with this guide.
According to our recent survey, a whopping 92.05% of us haven’t invested in cryptocurrency yet. But with crypto in the headlines and on the lips of “experts” — why not?
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.