bitcoin price | ForkLog

ForkLog 36 11.10.2024

Bitcoin Tests $60,000 Amid Weak Macro Data and SEC Lawsuit Against Cumberland

On the evening of October 10, the price of the leading cryptocurrency fell below $59,000 before rebounding above $60,000. The selling pressure was triggered by disappointing macroeconomic data from the US and a lawsuit from the SEC against market maker Cumberland. The regulator accused the firm of operating as an “unregistered dealer” in cryptocurrency transactions. […]

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ForkLog 11 10.10.2024

US Inflation Surpasses Expectations, Bitcoin Falls Below $61,000

In September, annual inflation in the US reached 2.4%, compared to 2.5% the previous month. This figure exceeded market expectations of 2.3%. On a monthly basis, the consumer price index rose by 0.2%, the same as in August. The consensus forecast had predicted an increase of 0.1%. Excluding food and energy prices, the index rose […]

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ForkLog 8 07.10.2024

JPMorgan Analysts Identify Key Drivers for Bitcoin and Ethereum Growth

JPMorgan experts have pinpointed several “critically important” factors that could influence the cryptocurrency market in the coming months, reports The Block. The report examines technical, geopolitical, and structural aspects, as well as seasonal trends—particularly the Uptober effect. Special attention is given to the reduction of the Fed’s interest rate, Bitcoin-based exchange-traded funds (ETFs), and the […]

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ForkLog 6 27.09.2024

Bitcoin Surpasses $66,000 as Coinbase Premium Signals Retail Demand

On September 26, the Coinbase premium reached a two-week high, indicating bullish sentiment. This was noted by CryptoQuant’s Head of Research, Julio Moreno. Higher demand in the US made Bitcoin rallied today towards $65K. The Coinbase premium increased to the highest level in two weeks. pic.twitter.com/YhJItIGNvY — Julio Moreno (@jjcmoreno) September 27, 2024 This metric […]

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ForkLog 11 26.09.2024

Bitcoin Surpasses $65,000 Mark

Bitcoin has continued its upward trajectory, with the asset’s price exceeding $65,000 for the first time since early August.

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ForkLog 9 24.09.2024

Analysts Anticipate Bitcoin Rally in Coming Months

Institutional adoption and a range of macroeconomic factors are expected to fuel a bitcoin rally in the fourth quarter, according to The Block, citing several analysts.

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ForkLog 13 19.09.2024

Bitcoin Surpasses $63,000 Mark

The leading cryptocurrency has continued its upward trajectory, surpassing the $63,000 mark. The four-hour chart below shows that the upward movement is occurring amid declining trading volumes; the RSI indicator has already entered the overbought zone. This may indicate risks of a short-term correction. Four-hour BTC/USDT chart on Binance. Data: TradingView. As is often the […]

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ForkLog 71 18.09.2024

Bitcoin Tests $61,000 Amid Fed Rate Cut

On September 18, the United States Federal Reserve lowered the target range for the federal funds rate to 4.75–5% per annum. This marks the first reduction since March 2020. The decision aligned with market expectations. “Recent indicators suggest that economic activity continues to expand at a solid pace. Job gains have slowed, and the unemployment […]

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ForkLog 11 17.09.2024

Bitcoin Tests the $61,000 Level

The leading cryptocurrency has resumed its upward trajectory, reaching levels last seen at the end of August. The digital gold has risen by 5.6% over the past 24 hours, according to CoinGecko. At the time of writing, the asset is attempting to consolidate at the $61,000 level. Four-hour BTC/USDT chart on Binance. Data: TradingView. Alongside […]

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ForkLog 10 13.09.2024

Bitcoin Nears $60,000 Amid Market Rally

Around 18:00 (Kyiv/MSK), the leading cryptocurrency experienced a rapid surge, approaching $60,000. Over the past 24 hours, the asset appreciated by 3.2%. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading around $59,600 with a market capitalization of $1.17 trillion. These figures have returned to levels seen at the […]

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ForkLog 61 11.09.2024

US Inflation Slows as Bitcoin Struggles to Hold $56,500

In August, the annual inflation rate in the US stood at 2.5%, down from 2.9% the previous month. This figure matched market expectations. On a monthly basis, the consumer price index rose by 0.2%, consistent with July’s increase. The result aligns with the consensus forecast. Excluding food and energy prices, the index increased by 0.3% […]

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ForkLog 7 07.09.2024

Bitcoin Dips Below $53,000 Amid Market Volatility

In the early hours of Saturday, September 7, the price of the leading cryptocurrency briefly fell below the $53,000 mark. Hourly chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, the digital asset had recovered to $54,300, marking a 3.8% loss over the past 24 hours. Most digital assets in the top 10 […]

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