Bitcoin | ForkLog

ForkLog 19 16.04.2024

Analyst Questions Prospects for Spot Bitcoin ETFs in Hong Kong

Cryptocurrency ETFs listed in Hong Kong would be “lucky” to attract a total of $500 million, according to Bloomberg analyst Eric Balchunas. Latest on HK spot Bitcoin ETFs: They have been approved to exist but not launch (yet). Rumor has it launching next wk so to not compete w Dubai conf. Don’t expect a lot […]

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ForkLog 10 15.04.2024

Analyst Predicts Bear Market if Bitcoin Falls Below $59,000

Should the price of the leading cryptocurrency drop below the short-term holders’ support level of $58,900, the market risks entering a bearish phase, according to analyst and CMCC Crest co-founder Willy Woo. Here’s how the markets look to me. $58.9k STH support, if this breaks we move to a bear market. CVD selloff has peaked, […]

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ForkLog 13 15.04.2024

Miners Pursue First ‘Epic’ Satoshi Post-Halving

Bitcoin mining companies are vying to mine the first block post-halving to obtain an ‘epic’ satoshi, potentially valued at several million dollars, according to CoinDesk. What is the value? Approximately two years ago, Casey Rodarmor, creator of the Ordinals protocol on the blockchain of the first cryptocurrency, developed a system for classifying the rarity of […]

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ForkLog 20 15.04.2024

Dormant Miner Moves $3.3 Million in Bitcoin After Nearly 14 Years

A miner has moved 50 BTC (~$3.3 million) for the first time, which were earned as a reward for mining a block on April 23, 2010. This activity was highlighted by Lookonchain. A miner wallet woke up after being dormant for nearly 14 years and deposited 50 $BTC($3.28M) to #Coinbase 5 mins ago. The miner […]

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ForkLog 25 15.04.2024

Hong Kong Regulator Approves Bitcoin and Ethereum Spot ETFs

The Hong Kong Securities and Futures Commission (SFC) has approved applications from Boshi International, HashKey Capital, China Asset Management, and Harvest Investment to launch spot Bitcoin and Ethereum ETFs. Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong […]

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ForkLog 26 12.04.2024

Arkham Unveils Cryptocurrency Holdings of Various Nations

The United States government ranks among the largest holders of cryptocurrency, alongside the United Kingdom and Germany, according to data from Arkham Intelligence. Our team created a dashboard featuring the Governments with the largest crypto holdings. For each country, you can see their current BTC balance, balance history in USD, and a real-time feed of […]

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ForkLog 11 12.04.2024

Bitcoin Halving: Historical Impact on the Industry

Bitcoin halving reduces issuance rates and attracts new market participants. The upcoming event will occur after reaching a historical high. Halving will take place amid a steady inflow of funds into ETFs and a surge in L2 and DeFi activity. The forthcoming halving in April 2024 will occur under unprecedented conditions. Analysts at Binance have […]

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ForkLog 62 11.04.2024

Tim Draper Predicts Bitcoin to Reach $250,000 by Year-End

Investor and billionaire Tim Draper anticipates that the price of the leading cryptocurrency will triple to $250,000 by the end of the year. “If I had to predict, perhaps by the end of the year we would see $250,000 [per bitcoin]. I mean, everything looks pretty good,” he noted. According to the businessman, the current […]

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ForkLog 28 11.04.2024

Experts Note a Slowdown in Bitcoin Profit-Taking

In recent weeks, the pace of profit-taking by hodlers has decelerated. The market has reached a balance between long-term holders and the influx of fresh demand, according to Glassnode. Discover more in the latest Week On-Chain below?https://t.co/a0VGutY5x2 pic.twitter.com/hJceAii1T5 — glassnode (@glassnode) April 10, 2024 Experts illustrated the situation with a chart showing the average share […]

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ForkLog 4 10.04.2024

Spot Bitcoin ETF Trading Volume Surpasses $200 Billion

In the three months following their launch, the cumulative trading volume of spot exchange-traded funds (ETFs) based on the leading cryptocurrency has exceeded $200 billion, according to data from The Block Data. The figure for March nearly doubled, setting a record at $111 billion for the month. According to SoSoValue, on April 9, the trading […]

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ForkLog 9 10.04.2024

Marathon CEO: Bitcoin Halving Already Priced In

The upcoming halving of the reward for Bitcoin miners is to some extent already factored into the current bullish cycle, according to Marathon CEO Fred Thiel in an interview with Bloomberg. In his view, the approval of spot ETFs based on the leading cryptocurrency has been “hugely successful” and has attracted capital to the market. […]

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ForkLog 21 09.04.2024

Metaplanet Shares Soar 90% Following Bitcoin Reserve Acquisition

The shares of Japanese public company Metaplanet surged nearly 90% following the announcement of a new strategy involving the acquisition of bitcoins worth 1 billion yen (~$6.6 million) for its balance sheet. Today, we’re thrilled to announce a groundbreaking shift in our financial strategy, as we embrace Bitcoin as the core treasury asset of the […]

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