Market Analysis | ForkLog

ForkLog 9 07.11.2024

Bitcoin ETF Trading Volume Surges Past $6 Billion Following Trump’s Victory

On November 6, the trading volume of BTC-ETF reached a peak of $6.1 billion, the highest since March 15, with BlackRock’s IBIT hitting a record $4.14 billion. According to Bloomberg analyst Eric Balchunas, this figure surpassed the trading volume of companies like Berkshire, Netflix, or Visa. The expert anticipates that this high level of activity […]

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ForkLog 12 06.11.2024

Trump’s Victory Spurs Over 10% Surge in Cryptocurrency Company Stocks

The market capitalisation of companies linked to the digital asset industry rose by more than 10% in pre-market trading following Bitcoin’s ascent to a new ATH above $75,000. The catalyst was Donald Trump’s victory in the US presidential election. At the time of writing, shares of MicroStrategy had increased by 13.1%, while Coinbase saw a […]

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ForkLog 11 06.11.2024

Ethereum’s Market Cap Share Relative to Bitcoin Hits 3.5-Year Low

The market capitalization ratio of Ethereum to Bitcoin has fallen to 24.52%, the lowest level since April 2021. At the beginning of 2024, the metric stood at 32.7%, reports The Block. This indicator reflects investor preferences and capital flows between the two largest assets by market value in the cryptocurrency market. The growing dominance of […]

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ForkLog 6 04.11.2024

Trump’s Prospects Boost Crypto Fund Inflows to $2.18 Billion

Inflows into cryptocurrency investment funds from October 27 to November 2 reached $2.18 billion, up from $901 million the previous week, according to CoinShares. This result nearly matched the $2.2 billion observed in the second decade of October, the highest since July. Year-to-date inflows have risen to a new record of $29.2 billion. Data: CoinShares. […]

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ForkLog 6 04.11.2024

Bitcoin’s Potential Local Bottoms Ahead of US Elections

The options market anticipates a new all-time high for Bitcoin by the end of November and increased volatility post-US elections. Traders have noted the possibility of Bitcoin’s price retreating to $65,000 before a rebound. The price of Bitcoin is expected to hit $66,200 before a rebound ahead of the US presidential elections, according to trader […]

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ForkLog 14 01.11.2024

US Employment Data Boosts Bitcoin to $71,000

By the evening of November 1, the leading cryptocurrency rebounded from lows near $69,000 to $71,100, marking a 3% increase. The primary price surge occurred following the release of US employment data. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin’s price had adjusted back to $70,000. October’s non-farm employment figures […]

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ForkLog 5 28.10.2024

US Presidential Election Boosts Inflows to Crypto Funds

Inflows into cryptocurrency investment funds from October 20 to 26 amounted to $901 million, following a peak of $2.2 billion the previous week, the highest since July. These figures were reported by CoinShares. Data: CoinShares. Since the beginning of the year, total inflows into these products have exceeded $27 billion, nearly three times the record […]

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ForkLog 10 28.10.2024

Bitcoin ETF Holdings Near 1 Million Coins

Issuers of spot Bitcoin ETFs have acquired 976,873 BTC ($66.2 billion), equivalent to nearly 5% of the available supply. This was highlighted by Nate Geraci, president of The ETF Store. Spot bitcoin ETFs now about 23,000 away from holding 1,000,000 btc… Or almost 5% of btc final total supply. via @apollosats pic.twitter.com/QnrOPr6vPX — Nate Geraci […]

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ForkLog 10 22.10.2024

QCP Capital Predicts Ethereum Surge to $3000

During the week of October 14-20, Ethereum rose by 11%, outpacing Bitcoin’s 9.6% increase, though it lags behind in the Uptober context with 4% compared to 8%. QCP Capital noted a strong likelihood of Ethereum breaking through the $2800 resistance and reaching $3000. 4/ Read the full analysis here: https://t.co/gNhw4giQWX — QCP (@QCPgroup) October 22, […]

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ForkLog 11 22.10.2024

Bitcoin Options Traders Bet on Post-Election Surge to $80,000

Bitcoin options market participants have positioned for a bullish scenario following the U.S. presidential election and the Federal Reserve’s FOMC meeting, increasing OI in November calls with strike prices above $80,000, according to The Block. The first event is scheduled for November 5, followed by the second three days later. The probability of the Federal […]

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ForkLog 11 21.10.2024

Crypto Funds’ Assets Under Management Surge to $100 Billion Amid Trump Victory Speculation

Inflows into cryptocurrency investment funds from October 13 to 19 reached a peak of $2.2 billion, the highest since July, compared to $407 million the previous week. These figures were reported by CoinShares. Data: CoinShares. Analysts attributed the strengthening positive trend to increased expectations of a Republican victory in the upcoming US elections, along with […]

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ForkLog 8 21.10.2024

Bitcoin Futures Open Interest Reaches Record $40.6 Billion

On October 21, the total open interest (OI) in bitcoin futures reached a record $40.6 billion, surpassing the March figures at the ATH. This is according to data from Coinglass. Data: Coinglass. In terms of coins, the figure amounted to 592,000 BTC, the highest since December 2022. At that time, the leading cryptocurrency was valued […]

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