bitcoin price | ForkLog

ForkLog 31 01.05.2024

Federal Reserve Maintains Key Rate as Bitcoin Climbs to $58,000

On May 1, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. On April 10, the U.S. Bureau of Labor Statistics released a report on consumer prices, showing an index value higher than forecasted—3.5% compared to 3.4%. The cryptocurrency market reacted positively to […]

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ForkLog 14 01.05.2024

Experts See Potential for Cryptocurrency Market Recovery

The primary factors behind the current decline in cryptocurrency prices are stock market sell-offs and a strong dollar index. However, Bitcoin’s brief dip below $57,000 is seen more as a local correction than the onset of a bear phase, according to experts consulted by ForkLog. This analysis explores whether the market still holds potential for […]

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ForkLog 15 01.05.2024

Bitcoin Price Dips Below $57,000

On the morning of Wednesday, May 1, the price of the leading cryptocurrency fell below $60,000. May 1, 2024 | 11:29Update: At one point, digital gold plunged below the $57,000 mark. 5-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the price had dropped to $59,700. Over the past 24 hours, the […]

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ForkLog 12 25.04.2024

AI Predicts Bitcoin’s Potential Surge to $100,000 in 2024

Using Google Cloud’s Vertex AI platform, analysts at Spot On Chain developed forecasts for Bitcoin’s price in 2024-2025. In the context of short-term prospects, experts anticipate that between May and July, the price of the leading cryptocurrency will remain in the range of $56,000-$70,000. This period is expected to be marked by increased volatility, with […]

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ForkLog 24 23.04.2024

QCP Predicts Delayed Post-Halving Impact on Bitcoin

Bitcoin optimists will need to wait at least two months to assess the impact of the reduced reward for miners per block. This was reported by analysts at QCP Capital.

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ForkLog 9 19.04.2024

Bitcoin Rebounds to $64,000 Following Sharp Correction

On the morning of Friday, April 19, the price of the leading cryptocurrency plummeted to $60,000 amid escalating conflict in the Middle East. Within a few hours, the asset’s value recovered to $64,000. At the time of writing, bitcoin is trading at $64,800. 15-minute BTC/USDT chart on Binance. Data: TradingView. The total cryptocurrency market capitalization […]

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ForkLog 13 14.04.2024

Bitcoin Rebounds to $64,000 Following Cryptocurrency Market Crash

On the evening of Saturday, April 13, the price of the leading cryptocurrency fell below $61,000 amid escalating tensions in the Middle East. The following day, digital gold recovered to levels above $64,000. At the time of writing, Bitcoin is trading at $64,600. 5-minute BTC/USDT chart on Binance. Data: TradingView. The total cryptocurrency market capitalization […]

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ForkLog 11 13.04.2024

Bitcoin Rebounds Above $67,000 Following Mass Liquidation of Long Positions

On the evening of Friday, April 12, the price of the leading cryptocurrency fell to $65,000. The following day, digital gold recovered to levels above $67,000. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $67,400. The total cryptocurrency market capitalization is below $2.6 trillion. Following Bitcoin, other […]

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ForkLog 15 10.04.2024

Bitcoin Falls Below $68,000 Amid Rising US Inflation

In March, annual inflation in the US accelerated to 3.5%, surpassing the forecast of 3.4% and the previous month’s figure of 3.2%. Excluding food and energy prices, the CPI reached 3.8%. On a monthly basis, consumer inflation increased by 0.4%, mirroring the previous month’s rise. Matthew Miskin of John Hancock Investment Management noted that premature […]

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ForkLog 11 02.04.2024

Bitcoin Falls Below $65,000 Amid Mass Long Liquidations

On the night of April 2, the price of the leading cryptocurrency plummeted from $69,500 to $66,000, marking a 5% drop within 24 hours. 15-minute BTC/USDT chart from Binance. Data: TradingView. April 2, 2024 | 16:44Update: Bitcoin has dropped below $65,000 and is trading around $64,800 at the time of writing. 15-minute BTC/USDT chart from […]

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ForkLog 25 26.03.2024

Bitcoin Surges Past $71,000 Amid Rising Investment Demand

On March 26, the price of the leading cryptocurrency once again surpassed $71,000, gaining 6% in a day. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the coin is trading at $71,260. Its market capitalization stands at $1.4 trillion with a trading volume of $45 billion, according to CoinGecko. Following Bitcoin, […]

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ForkLog 13 21.03.2024

Bernstein Analysts Raise Bitcoin Price Forecast to $90,000

Amid improving market dynamics, Bernstein analysts have revised their Bitcoin forecast from $80,000 to $90,000 by the end of the year, reports The Block. Experts also anticipate the leading cryptocurrency reaching $150,000 at the peak of the 2024-2025 bull rally. They believe the upcoming halving will not impact miners as significantly as in previous years. […]

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