Market Analysis | ForkLog

ForkLog 13 23.12.2024

Bitcoin’s Return to Peak Predicted Amid Rising FUD Sentiment

The sentiment index among Bitcoin traders has plummeted to its lowest point in a year, potentially signaling a recovery of the asset above $100,000, according to Santiment. ? BREAKING: Crypto’s further flush has sent Bitcoin’s crowd sentiment down to its most negative statistical point of the year. Vocal traders are now showing severe FUD, and […]

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ForkLog 8 20.12.2024

Beyond the Wild West: why VCs are leaving crypto—and crypto is leaving VCs

In the year now ending, analysts observed a marked rollback in venture funding for cryptocurrency projects to levels reminiscent of 2017. There is, however, a silver lining: some initiatives are trying to revive a spirit of independence from VC—at least in their declarations. Oleg Cash Coin explains why for ForkLog readers. Not so long ago […]

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ForkLog 42 20.12.2024

SEC Approves First Hybrid Bitcoin and Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has approved the first spot exchange-traded funds (ETFs) combining Bitcoin and Ethereum. The issuers are Hashdex and Franklin Templeton. “The asset allocation will be based on free-float market capitalisation,” the document states. In June, the Nasdaq exchange, on behalf of Hashdex, submitted an application to the regulator to […]

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ForkLog 8 20.12.2024

Bitcoin’s Failure to Reach $100,000 Triggers $1 Billion in Liquidations

On December 19, the volume of forced liquidations in the cryptocurrency market reached $1.01 billion, including $844 million in long positions, according to Coinglass. The current figures were surpassed by events on December 5 ($1.1 billion) and December 10 ($1.7 billion). Data: Coinglass. Altcoins accounted for three-quarters of all liquidations. Data: Coinglass. In a conversation […]

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ForkLog 14 19.12.2024

Bitcoin ETF Assets Surpass Gold Funds

The assets under management (AUM) of all American Bitcoin ETFs have exceeded $129 billion, surpassing the equivalent figure for gold exchange-traded funds. This was reported by Vetle Lunde, Head of Research at K33 Research. In the United States, Bitcoin ETF AUM has surpassed gold ETF AUM. Gold, with a 20-year head start, has been flipped. […]

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ForkLog 37 19.12.2024

Solana Dapps Revenue Hits Record $365 Million in November

The total fees generated by Solana applications in November reached a historic high of $365 million, with $106 million attributed to the “meme token factory” Pump.fun, according to data from Syndica. Data: Syndica. Pump.fun became the first in Solana to achieve a nine-figure income in a month. The figure could have been even higher if […]

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ForkLog 9 19.12.2024

Ethereum ETF Inflows Continue for 18 Consecutive Days

On December 18, inflows into spot exchange-traded funds based on Ethereum amounted to $2.45 million. Over the past 18 days, investors have poured $2.45 billion into these products. Data: SoSoValue. Since their launch, these instruments have attracted $2.46 billion. AUM has grown to $14.3 billion. The leaders are Grayscale’s ETHE ($5.31 billion) and BlackRock’s ETHA […]

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ForkLog 24 18.12.2024

Bitcoin Dips Below $104,000 Following Fed Rate Cut

On December 18, the United States Federal Reserve reduced the target range for the key interest rate by 25 basis points to 4.25-4.5% per annum. This marks the third consecutive cut since September. The decision aligned with market expectations and the consensus forecast of analysts. “Recent indicators suggest that economic activity continues to expand at […]

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ForkLog 10 17.12.2024

Santiment Reports on Ethereum Whales Holding Over 100,000 ETH

Currently, 104 wallets each hold at least 100,000 ETH (~$400 million). Their combined balance of 83.81 million ETH (~$333.1 billion) represents a record 57.35% of the Ethereum supply, according to Santiment. ? There are currently 104 whale wallets holding at least 100K Ethereum. Their combined holdings currently sit at 57.35% of all existing ETH tokens, […]

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ForkLog 9 17.12.2024

Bitcoin Options Market Loses Optimism Ahead of Fed Meeting

Participants in the bitcoin options market are taking measured positions ahead of the upcoming December 18 meeting of the Fed and the largest expiration in history. This is reported by CoinDesk. On December 16, the price of the leading cryptocurrency broke through the $107,000 mark. The following day, it approached $107,800 and at the time […]

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ForkLog 5 17.12.2024

Ethereum ETF Inflows Continue Unabated for 16 Days

On December 16, inflows into spot exchange-traded funds based on Ethereum amounted to $51.1 million. Over the past 16 days, investors have poured $2.3 billion into these products. Data: SoSoValue. Since the launch, these instruments have attracted $2.32 billion. Assets Under Management have grown to $14.3 billion. The leaders are Grayscale’s ETHE ($5.87 billion) and […]

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ForkLog 5 16.12.2024

Crypto Funds See Tenth Consecutive Week of Inflows

Between December 8 and 14, cryptocurrency investment funds attracted $3.2 billion, following a record $3.85 billion the previous week, according to CoinShares. Data: CoinShares. Year-to-date inflows have reached a record $44.5 billion. Assets under management also hit an all-time high of $167.4 billion. Over the past week, investors added $2 billion to instruments based on […]

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