Bitcoin | ForkLog

ForkLog 18 07.02.2024

Crypto Investors See Average Profit of $888 in 2023

The average realised profit for digital asset holders in 2023 was $887.6, compared to a loss of $7102 in the previous 12 months, according to estimates by CoinLedger, reports Cointelegraph. The cryptocurrency tax calculation platform analysed data from 500,000 clients, 80% of whom are residents of the United States, with the remainder from Australia, Canada, […]

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ForkLog 19 06.02.2024

Bitcoin Miners’ Reserves Decline to July 2021 Levels

Bitcoin reserves held by miners have fallen to levels last seen in July 2021, according to observations shared by CryptoQuant analysts.

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ForkLog 62 06.02.2024

Cathie Wood: ETFs Shift Investor Focus from Gold to Bitcoin

Bitcoin is increasingly replacing gold as a capital preservation asset, a trend likely to continue with the advent of exchange-traded funds (ETFs). This was stated by ARK Invest CEO Cathie Wood. To support her claim, Wood presented a chart comparing bitcoin to gold. Data: ARK Invest. According to the ARK Invest CEO, an exchange-traded fund […]

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ForkLog 11 05.02.2024

Cryptocurrency Inflows Surpass $1.5 Billion Since Start of Year

Inflows into cryptocurrency investment products amounted to $708 million from January 27 to February 2, bringing the total since the start of the year to $1.58 billion, according to a report by CoinShares. A week earlier, analysts recorded an outflow of $499.7 million. Assets under management increased to $53 billion. Data: CoinShares. Net inflows into […]

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ForkLog 40 05.02.2024

Bitcoin Advocate Nayib Bukele Re-elected as President of El Salvador

Nayib Bukele has been re-elected as President of El Salvador. The country’s Vice President Felix Ulloa affirmed commitment to the Bitcoin strategy. Experts anticipate an influx of specialists and capital into the country. Bitcoin supporter Nayib Bukele has secured another five-year term as President of El Salvador. He garnered the support of 83% of voters […]

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ForkLog 35 05.02.2024

Charles Hoskinson Criticizes Bitcoin’s L2 Development

Charles Hoskinson, the founder of Cardano, has expressed skepticism regarding the development of second-layer solutions on the blockchain of the first cryptocurrency. Having been around for more than ten years, I have seen this narrative thrice. It follows the halving. Every L2 venture will learn that it’s impossible because Bitcoin cannot change enough to support […]

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ForkLog 83 01.02.2024

ARK Invest Analysts Predict Bitcoin Could Reach $2.3 Million

By 2030, Bitcoin could rise to $120,000-$2,300,000. Smart contract platforms could achieve an annual fee level of $450 billion. The convergence of hardware and software could reduce AI training costs by 75% CAGR by 2030. If Bitcoin’s share in global investment portfolios rises to 1%, its price could increase to $120,000, and with an optimal […]

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ForkLog 34 01.02.2024

El Salvador’s President to Maintain Bitcoin Strategy Following Re-election

The first cryptocurrency will remain legal tender in El Salvador during Nayib Bukele’s second presidential term, according to Vice President Felix Ulloa in an interview with Reuters. The vice president stated that the decision was made despite the International Monetary Fund’s (IMF) demand to “review” monetary policy. The organization had expressed concerns over El Salvador’s […]

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ForkLog 23 31.01.2024

Marathon CEO Predicts Bitcoin at $125,000 by 2025

By the end of 2025, the leading cryptocurrency could reach a new high of $125,000, with its price fluctuations becoming “more stable.” This was stated by Marathon Digital CEO Fred Thiel in a podcast with Anthony Pompliano. “The only unique thing about bitcoin that stocks don’t have is the limited number of coins,” he added. […]

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ForkLog 9 31.01.2024

Bitcoin’s Resilience Amid GBTC Sell-Off Highlighted by Experts

Net capital flows into spot Bitcoin ETFs have strengthened, despite the supply overhang caused by exits from the GBTC by Grayscale. This conclusion was reached by Glassnode. The Bitcoin market continues to show resilience, recovering from the initial sell-the-news drawdown following ETF approvals. In particular, the market is working through the significant supply overhead created […]

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ForkLog 15 30.01.2024

Bitcoin-Based DEX Portal Secures $34 Million with Coinbase Participation

The decentralized exchange Portal, built on the Bitcoin blockchain, has concluded a seed funding round, raising $34 million, according to The Block. The startup received backing from Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io. The funding was structured as a combination of a simple agreement for future equity and convertible bonds. Portal is a […]

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ForkLog 11 29.01.2024

Bitcoin’s Volatility Reaches 12-Year Low

The 12-month volatility of the leading cryptocurrency has reached its lowest level in 12 years, noted Charlie Bilello, senior market strategist at Creative Planning. Bitcoin’s 12-month annualized volatility…Jan 2012: 179%Jan 2013: 68%Jan 2014: 140%Jan 2015: 81%Jan 2016: 61%Jan 2017: 49%Jan 2018: 102%Jan 2019: 85%Jan 2020: 65%Jan 2021: 85%Jan 2022: 73%Jan 2023: 63%Jan 2024: 45%$BTC pic.twitter.com/Z2ZEeew1Yx […]

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