bitcoin price | ForkLog

ForkLog 10 01.02.2024

Analyst Predicts Bitcoin Rally Duration Post-Halving

Should historical trends hold true for the upcoming halving, Bitcoin is expected to reach a new ATH between April and October 2025, according to an analyst known as Ali. As we approach the #BitcoinHalving in April 2024, here are four key points to consider: 1⃣Post-halving corrections: After the 2016 and 2020 halvings, #BTC experienced corrections […]

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ForkLog 13 31.01.2024

Federal Reserve Maintains Key Rate; Bitcoin Price Remains Stable

On January 31, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. According to the Fed, inflation has decreased over the past year but remains elevated. The agency also noted the low unemployment rate. In the long term, the Fed aims for 2% […]

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ForkLog 17 29.01.2024

Bitcoin’s Potential Retreat to $20,000: An Expert’s View

The price of Bitcoin is expected to drop to a range of $30,000-$36,000 before potentially reaching a local bottom around $20,000, according to Placeholder partner Chris Burniske. Continue to think we go lower to consolidate than most people expect due to variables that are too many to explain in detail via tweet (eg, crypto-market specific, […]

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ForkLog 12 27.01.2024

Bitcoin Tests $42,000 Level

In the early hours of Saturday, January 27, the price of the leading cryptocurrency surpassed the $42,000 mark but failed to maintain it. At the time of writing, Bitcoin is trading at $41,700. Hourly chart of BTC/USDT on Binance. Data: TradingView. The market capitalization of digital gold stands at $818 billion. The total cryptocurrency market […]

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ForkLog 7 26.01.2024

JPMorgan Foresees Bitcoin Stabilization as GBTC Sales Dwindle

The downward trend of Bitcoin appears limited as profit-taking in GBTC has largely concluded, according to JPMorgan analysts, reports The Block. This assessment is based on the $4.3 billion outflow from the product since its conversion from a trust to an ETF, surpassing the bank’s forecast of $3 billion. Inflows and outflows dynamics in spot […]

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ForkLog 10 24.01.2024

CoinShares Analysts Predict Bitcoin Surge to $58,700

Approval of a spot Bitcoin ETF and the anticipated easing of the Fed’s monetary policy in the first half of 2024 will drive the price of digital gold to approximately $58,700, according to CoinShares analysts in their annual report. The experts presented a matrix showing the correlation between inflows as a percentage of AUM for […]

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ForkLog 22 23.01.2024

Rival Bitcoin ETFs Attract Over 100,000 BTC

Nine “new” spot Bitcoin ETFs have attracted 109,221 BTC. Due to GBTC sales, net outflows from instruments on January 22 reached 4,537 BTC ($179.6 million). Traders do not rule out a decline in Bitcoin to $36,000. The volume of coins held by spot Bitcoin ETFs, excluding the Grayscale Bitcoin Trust (GBTC), has reached 109,221 BTC […]

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ForkLog 10 23.01.2024

Bitfinex Analysts Warn of Bitcoin’s Potential Decline to $36,000

The breach of the $39,000 level has increased pressure on Bitcoin’s price from speculators, according to analysts at the cryptocurrency exchange Bitfinex.

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ForkLog 27 23.01.2024

FTX Offloads $908 Million in GBTC Shares Amid Bankruptcy Proceedings

FTX sold $908 million worth of GBTC shares. Outflows from GBTC have surged to $3.45 billion. Panic selling has emerged, yet the market remains relatively balanced. Amid bankruptcy proceedings, FTX has offloaded 22.3 million shares of GBTC valued at approximately $908 million as of January 11. This was reported by CoinDesk, citing informed sources. FTX’s […]

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ForkLog 16 23.01.2024

Bitcoin Tests $40,000 Support Level

The price of the leading cryptocurrency continued its correction, falling to early December levels.

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ForkLog 9 22.01.2024

Arthur Hayes Predicts Bitcoin’s Fall Below $40,000

The leading cryptocurrency is expected to drop below $40,000, with the decline continuing until January 31, when the US Treasury announces its quarterly borrowing plan. This forecast was made by former BitMEX CEO Arthur Hayes. $BTC looks mad heavy. I think we break $40k. I went long some 29Mar $35k strike puts. I think we […]

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ForkLog 25 13.01.2024

Bitcoin Dips Below $43,000 Amid ETF Criticism

In the early hours of January 13, Bitcoin’s price momentarily fell below $42,000. At the time of writing, the cryptocurrency is trading at $43,100. Hourly BTC/USDT chart on Binance. Data: TradingView. Top-10 digital assets by market capitalization followed Bitcoin’s lead. Avalanche and Solana saw the largest declines over the past day, losing 7.1% and 5.8% […]

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