Bitcoin | ForkLog

ForkLog 20 08.01.2024

Bitcoin Faces Correction Risks Ahead of Halving, Experts Warn

In March, a sell-off in Bitcoin may occur ahead of the halving. This conclusion was reached by analysts at Matrixport. According to the experts’ calculations, the average return of digital gold in years when miner rewards are halved (2012, 2016, and 2020) is 17%. This supports their target of $50,000 for January 2024: $42,265 on […]

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ForkLog 21 08.01.2024

Bitcoin Set for a “Truly Explosive” Year, Predicts Expert

In 2024, macro strategist Henrik Zeberg anticipates a “fantastic” bull run in the crypto market, during which the price of digital gold could reach $150,000. Meanwhile, the expert believes traditional markets face the “worst crash since 1929,” when the Great Depression began in the United States. According to Zeberg, the influx of new players will […]

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ForkLog 13 08.01.2024

Crypto ETF Providers Begin 2024 on a Positive Note

From January 1 to January 5, inflows into cryptocurrency investment products amounted to $151 million, according to a report by CoinShares. Throughout 2023, the total reached $2.23 billion. Data: CoinShares. Investors allocated $112.6 million to bitcoin-related instruments. Inflows over the past nine weeks equate to 3.2% of AUM. After three weeks of outflows, structures allowing […]

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ForkLog 8 08.01.2024

Anticipation Builds for Bitcoin ETF: Insights and Predictions from the Crypto Community

This week, the SEC is set to hold a crucial vote on applications for launching spot Bitcoin ETFs. Updated documents were required to be submitted by the morning of January 8 in Washington, according to Bloomberg. Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, Invesco Galaxy, Fidelity, Franklin Templeton, VanEck, WisdomTree, and ARK Invest with 21Shares have met […]

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ForkLog 64 08.01.2024

Bitcoin Acceptance by Merchants Surges 174% in 2023

Over the past year, the number of organizations accepting the leading cryptocurrency as payment increased from 2,207 to 6,126, marking a 174% rise. Shadowy Suppertaggers ftw. ? https://t.co/TO0prl431n — ⚡ BTC Map ⚡ (@btcmap) January 7, 2024 This information was provided by the tracker BTC Map, which uses open-source data from OpenStreetMap. The service allows […]

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ForkLog 36 08.01.2024

Bitcoin Recognised as a Unit of Account in Honduras

The Próspera economic zone in Honduras has officially recognised bitcoin as a unit of account. This means businesses and residents can set prices for goods and services in the digital currency. En @ProsperaZEDE creemos en el derecho a la libertad financiera y la libertad monetaria. Las personas deben ser libres de realizar transacciones, llevar su […]

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ForkLog 20 06.01.2024

Bitcoin Mining Difficulty Reaches New Peak

Following the latest recalibration, the difficulty of mining the leading cryptocurrency has risen by 1.6%, setting a new high at 73.2 T. Data: BTC.com. The average hash rate since the previous adjustment was 524.18 EH/s, with the interval between blocks being less than 10 minutes. According to Glassnode, on January 5, the smoothed 7-day moving […]

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ForkLog 10 05.01.2024

Cryptocurrency Fund Inflows Reach $2.2 Billion in 2023

Throughout the past year, inflows into cryptocurrency investment products totaled $2.2 billion, marking a 2.7-fold increase compared to 2022, according to a report by CoinShares. “Most of the recovery occurred in the last quarter, as it became increasingly evident that the SEC was preparing for the launch of spot Bitcoin ETFs in the United States,” […]

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ForkLog 17 04.01.2024

US Government’s Bitcoin Holdings Surpass $8 Billion

The US government holds approximately 200,000 BTC, valued at $8.4 billion, according to Blockworks.

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ForkLog 24 03.01.2024

Bitcoin’s Genesis Block: A 15-Year Retrospective

On January 3, 2009, an individual or group operating under the pseudonym Satoshi Nakamoto launched the Bitcoin mainnet, mining the genesis block containing 50 BTC. Embedded in its hash is the headline from The Times: “Chancellor on brink of second bailout for banks.” Shortly before the network’s launch, on October 31, 2008, the Bitcoin white […]

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ForkLog 9 28.12.2023

Analyst Warns That Launch of Spot Bitcoin ETF Threatens Bitcoin

The launch of a spot Bitcoin ETF contradicts the idea of non-custodial storage and could pose fundamental problems for the asset.

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ForkLog 9 28.12.2023

Opinion: Ethereum Could Flip Bitcoin in 2024

In 2024, Ethereum could surpass Bitcoin in price growth, according to ETC Group's head of research André Dragoš.

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