bitcoin price | ForkLog

ForkLog 9 04.03.2024

Bitcoin Price Surges Past $66,000

On Monday, March 4, the price of the leading cryptocurrency surpassed $65,000. Over the past 24 hours, the asset appreciated by 5.2%, according to CoinGecko. Update: The price of the leading cryptocurrency reached $66,000, marking a 6% increase over the past 24 hours, according to CoinGecko. 15-minute BTC/USDT chart on Binance. Data: TradingView. Bitcoin’s market […]

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ForkLog 16 01.03.2024

Bitcoin’s Record Month Thwarted by Second-Largest GBTC Outflow

On February 29, outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $598.9 million, marking the second-largest in history. This development interrupted Bitcoin’s five-day growth streak, closing the month with a near-record increase of 43.6%. $600m outflow for $GBTC today. That’s a lot. Two steps forward one step back. https://t.co/eWaEPMzUIW — Eric Balchunas (@EricBalchunas) February […]

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ForkLog 30 29.02.2024

JPMorgan Analysts Predict Bitcoin Correction to $42,000 Post-Halving

The upcoming halving in April could trigger a sharp decline in the price of the leading cryptocurrency, reports The Block, citing experts from JPMorgan. The algorithmically programmed reduction in rewards from 6.25 BTC to 3.125 BTC will decrease mining profitability. The financial institution’s report notes that the cost of production influences the price of digital […]

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ForkLog 24 28.02.2024

Bitcoin Surpasses $64,000 as Ethereum Soars Above $3,500

On Wednesday, February 28, the price of the leading cryptocurrency surpassed the $58,000 mark. At the time of writing, Bitcoin is trading at $58,500, having gained 4.1% over the past 24 hours. Hourly BTC/USDT chart on Binance. Data: TradingView. February 29, 2024 | 10:43Update: On the evening of February 28, Bitcoin tested $64,000 but failed […]

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ForkLog 17 27.02.2024

Bitcoin Surpasses $57,000 Mark

On the morning of February 27, the price of the leading cryptocurrency exceeded $56,000, reaching a peak last seen in November 2021. 15-minute BTC/USDT chart on Binance. Data: TradingView. The price of Bitcoin tested the $57,000 level but had corrected to $56,429 at the time of writing. February 27, 2024 | 15:48Update: Bitcoin prices rose […]

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ForkLog 12 26.02.2024

Bitcoin Surges Past $53,000, Ethereum Exceeds $3,000

On Monday, February 26, the price of the leading cryptocurrency surpassed $53,000. Over the past 24 hours, the asset gained 3.6%, according to CoinGecko. At the time of writing, digital gold remains above $53,400. Hourly chart of BTC/USDT on Binance. Data: TradingView. The price of the second-largest cryptocurrency by market capitalization rose by 3.8% over […]

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ForkLog 16 23.02.2024

Matrixport Predicts Bitcoin Could Reach $63,000 by March

The target of $63,000 for Bitcoin by March 2024 appears attainable, according to a report by Matrixport. Matrixport released a new report stating that BTC’s goal of reaching $63,000 in March 2024 is achievable. Catalysts include: the approval of a Bitcoin spot ETF, the Bitcoin halving, expectations of an interest rate cut after the Fed’s […]

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ForkLog 57 23.02.2024

Pantera Capital Predicts Bitcoin Surge to $147,000 by 2025

Bitcoin is projected to rise to $147,000 by 2025. The DeFi ecosystem based on digital gold could reach a value of $72-450 billion. Based on previous halving cycles, Bitcoin’s price is expected to drop to $35,448 in April 2024, followed by a rise to $147,000 in 2025, according to forecasts from Pantera Capital. With all […]

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ForkLog 15 22.02.2024

JPMorgan Analysts Identify Key Drivers of Bitcoin’s Bullish Rally

The recent surge in cryptocurrency prices is primarily driven by impulsive decisions of retail traders rather than institutional investors or fundamental market factors, according to The Block, citing analysts from JPMorgan.

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ForkLog 17 19.02.2024

Five Catalysts That Could Propel Bitcoin Beyond $70,000

The leading cryptocurrency has an 85% chance of reaching a new all-time high within the next six months, driven by several factors. This was stated by Lucas Outumuro, head of research at IntoTheBlock. “Given the recent momentum, market participants are wondering when the ATH will be reached. […] There are five main catalysts that could […]

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ForkLog 8 16.02.2024

Factors Driving Bitcoin’s Surge to $52,000 Identified by Analysts

Two primary factors led to Bitcoin breaking through the key resistance level of $48,000 in February and reaching above $52,000, according to analysts at QCP Capital. One factor was the inflow of funds into spot ETFs based on the first cryptocurrency. At the end of January, the market returned to a “net inflow territory.” On […]

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ForkLog 14 14.02.2024

Bitcoin Surpasses $51,000 as Market Capitalization Exceeds $2 Trillion

On Wednesday, February 14, the price of the leading cryptocurrency exceeded $51,000 for the first time since December 2021. The asset’s capitalization reached $1 trillion, according to CoinGecko. February 14, 2024 | 19:04Update: The price of Bitcoin tested $52,000 but failed to maintain above this level. 15-minute BTC/USDT chart on Binance. Data: TradingView. The second-largest […]

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