Market Analysis | ForkLog

ForkLog 7 27.09.2020

Analysis of futures reports: the $10,000 and $11,000 levels will determine Bitcoin’s next move

Futures reports are a useful tool for traders to capture sentiment among major players and complement the view of the market. On the mood among Bitcoin whales, ForkLog spoke with analyst Dmitry Perepelkin.

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ForkLog 16 25.09.2020

Stablecoins’ aggregate value tops $20 billion

Over the last 12 months, the aggregate market capitalization of stablecoins rose by 300%, topping $20 billion.

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ForkLog 12 24.09.2020

Opinion: Bitcoin could fall below $9,000 if the stock market crashes

BTC's correlation with U.S. stocks threatens to push the first cryptocurrency below $9,000. The view was voiced by Ronnie Moas, founder of Standpoint Research.

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ForkLog 20 24.09.2020

Bitcoin’s realized market capitalization hits an all-time high

The realized market cap of Bitcoin, which accounts for the price at the last activity, rose by $43 billion (+60%) from the 2017-2018 levels. According to Glassnode, the current value of the metric stands at $115 billion.

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ForkLog 15 24.09.2020

Bitcoin exchange balances fell to end-2018 levels

Since March 13, the total amount of deposits in the leading cryptocurrency on major exchanges has fallen by 372,700 coins to 2.59 million BTC. The last time such low readings were observed was in November 2018.

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ForkLog 22 24.09.2020

Bloomberg analyst: Bitcoin’s fair value is $15,000

Bloomberg Intelligence's chief commodities strategist Mike McGlone believes Bitcoin should be valued at $15,000. He arrived at this conclusion by examining the growth in active addresses since 2017, according to Cointelegraph.

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ForkLog 10 23.09.2020

Binance Futures trading volume since the start of the year reaches $1 trillion

Trading volume on the Binance Futures derivatives platform since the start of 2020 has reached $1 trillion.

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ForkLog 10 23.09.2020

Report: DeFi tokens fall on average by more than 40% in the last 30 days

In the last month, the median price of DeFi protocol tokens fell by 41.5%, four times the pace of Bitcoin's price decline. Over the last 90 days, the lead was also with the leading cryptocurrency—up 8.8% versus 1.0%. Messari analyst Ryan Watkins, citing these calculations, noted the end of the 'casino'.

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ForkLog 13 21.09.2020

Analyst: Miners’ Bitcoin Sales Won’t Halt Market Growth

Over the past two months, Bitcoin miners have sold a sizable amount of BTC. Many on-chain analysts are confident that these actions will not halt market growth.

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ForkLog 14 18.09.2020

Tether market capitalisation surpasses $15 billion

Market capitalisation of the dollar-pegged stablecoin Tether (USDT) reached $15.1 billion. In the last month the figure rose by more than $3 billion.

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ForkLog 23 18.09.2020

DEX trading volumes since the start of September top $15 billion

Trading on decentralized exchanges (DEX) in the first half of September reached $14.9 billion, up 30% from August's $11.6 billion.

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ForkLog 15 13.09.2020

Bitcoin whales form resistance at $10,570 and $11,288

Near the $10,570 and $11,288 marks lie large clusters of 'unspent bitcoins', held in wallets with balances above 10,000 BTC.

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