Market Analysis | ForkLog

ForkLog 25 23.07.2024

Ethereum ETF Trading Commences Amid Moderate Pressure on Price

On July 23, trading of spot Ethereum ETFs began. Within 20 minutes, the price of the second-largest cryptocurrency fell by 1.7% on increased volumes, nearing intraday lows. 15-minute ETH/USDT chart on Binance. Data: TradingView. In the last 24 hours, Ethereum has decreased by 1.1%, outperforming other top-10 digital assets by market capitalization, excluding stablecoins. Data: […]

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ForkLog 10 23.07.2024

Ethereum Options Market Shows Low Reversal Odds Post-ETF Launch

Ethereum options on the Deribit platform anticipate a positive response in the spot price following the commencement of trading in exchange-traded funds based on the second-largest cryptocurrency by market capitalization, reports CoinDesk. The day before, the SEC registered S-1 applications for spot Ethereum ETFs. Access to these products will be available from July 23. According […]

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ForkLog 7 23.07.2024

BlackRock’s Bitcoin ETF Inflows Reach $534 Million in a Day

On July 22, inflows into spot Bitcoin ETFs amounted to $533.57 million. Such high levels were last observed on June 4, according to SoSoValue. This positive trend continued for the thirteenth consecutive trading day. Inflows into BlackRock’s IBIT reached $527.7 million, the highest since March 13. Investors added $23.72 million to Fidelity’s FBTC, $13.65 million […]

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ForkLog 9 22.07.2024

Crypto Investment Inflows Surpass $3 Billion Since July

Inflows into cryptocurrency investment products from July 13 to 19 amounted to $1.35 billion, compared to $1.44 billion the previous week. Since the beginning of July, the figure has reached $3.24 billion, according to CoinShares. Data: CoinShares. Trading volume for ETP surged by 45% to $12.9 billion. Clients added $1.27 billion to bitcoin-related products, compared […]

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ForkLog 10 21.07.2024

Analyst Reports ‘Exhaustion’ Among Major Bitcoin Sellers

The market is witnessing a decline in selling pressure from major investors as the price of the leading cryptocurrency stabilizes around $67,000, according to Julio Moreno, Head of Research at CryptoQuant. #Bitcoin large Sellers are exhausted and valuation metrics suggest positive momentum. We published our weekly report on Wednesday, see link in the below post […]

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ForkLog 11 20.07.2024

ETH-ETF Launch Boosts Market Sentiment

Bitcoin surpassed $66,000, while Ethereum reached $3,500 following the announcement of the start date for trading spot ETH-ETFs. Despite positive factors, the second-largest cryptocurrency by market capitalization faces a potential supply crisis. Following the confirmation of the start date for trading spot Ethereum-ETFs on the CBOE, digital gold held steady above $66,000. According to the […]

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ForkLog 10 18.07.2024

CryptoQuant: Bitcoin Hits Local Bottom Amid Positive Indicators

The price of the leading cryptocurrency has seemingly reached a local bottom before rebounding to nearly $66,000 earlier this week, reports The Block, citing a report from CryptoQuant. According to analysts, the recent drop in Bitcoin’s price to around $55,000 resulted in the largest realized losses for asset holders in 2024. “Hodlers of digital gold […]

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ForkLog 10 18.07.2024

BTC-ETF Inflows Continue for Ninth Consecutive Day

On July 17, inflows into spot Bitcoin ETFs reached $53.35 million, marking the ninth consecutive day of positive momentum, according to SoSoValue. During this period, investors poured $1.97 billion into these instruments. Data: SoSoValue. Inflows into BlackRock’s IBIT amounted to $110.37 million, while Fidelity’s FBTC saw $2.83 million. Clients withdrew $5.99 million from Bitwise’s BITB. […]

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ForkLog 8 16.07.2024

Bitcoin Spot ETF Inflows Surpass $300 Million for Second Consecutive Day

On July 15, inflows into spot Bitcoin ETFs reached $301.4 million, marking a positive trend for the seventh consecutive day, according to SoSoValue. During this period, investors poured $1.49 billion into these instruments. Data: SoSoValue. On July 15, the leaders in dynamics were: IBIT by BlackRock ($117.25 million); ARKB by ARK Invest ($117.19 million); FBTC […]

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ForkLog 4 15.07.2024

June Sees 17% Decline in CEX Trading Volume

Spot trading volumes on cryptocurrency exchanges fell by 17%, derivatives by 19.2%, and website traffic by 1%, according to journalist Colin Wu. Binance remained the leader in spot trading, although its volume decreased by 22.6%. Competitors Bybit, Gate, and HTX narrowed the gap with changes of -1.6%, -4.3%, and 6.7% respectively. Notable declines were observed […]

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ForkLog 6 15.07.2024

Cryptocurrency Inflows Surge Significantly

Inflows into cryptocurrency investment products surged from $441 million to $1.44 billion between July 6 and July 12. This figure marks the fifth-largest in history, according to CoinShares. Since the beginning of the year, a record $17.8 billion has flowed into these instruments. For comparison, in 2021 this figure was $10.6 billion. Data: CoinShares. “Price […]

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ForkLog 14 15.07.2024

Bitcoin’s Ascent Predicted Amid Federal Reserve’s Influence

Experts noted traders shifting focus from Mt.Gox and German government sales to the incident involving US presidential candidate Donald Trump and macroeconomic statistics. On-chain analysts observed bitcoin whales accumulating coins. With the conclusion of sales by German authorities and the Mt.Gox factor largely priced in, bitcoin is poised to reclaim lost ground in the coming […]

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