Market Analysis | ForkLog

ForkLog 8 14.07.2024

Analyst Identifies the Onset of Bitcoin’s ‘New Cycle’

As the leading cryptocurrency surged to $60,000, analyst and MN Trading founder Michaël van de Poppe declared the beginning of a ‘new cycle’. #Bitcoin just started a new cycle. BlackRock already mentioned that ‘Bitcoin is a hedge against global uncertainty’. Similar to what Gold was in the 1930’s. The assassination attempt on Trump confirms this. […]

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ForkLog 35 11.07.2024

Cross purposes: which on‑chain indicators work—and which do not

On-chain analysis is what sets the cryptocurrency market apart from traditional finance, which does not allow vast, shifting datasets to be tracked in real time. A range of indicators offers structured blockchain data presented as charts. It can feel like a qualitatively new kind of analytics. But is it really? Oleg Cash Coin shares his […]

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ForkLog 35 11.07.2024

Bitcoin ETF Inflows Persist for Fourth Consecutive Day

On July 10, inflows into spot Bitcoin ETFs amounted to $147.4 million, marking a positive trend for the fourth consecutive day, according to SoSoValue. During this period, investors poured $801.7 million into these instruments. Data: SoSoValue. On July 10, the leaders in dynamics were: FBTC from Fidelity ($57.79 million); EZBC from Franklin Templeton ($31.66 million); […]

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ForkLog 22 09.07.2024

PYUSD Market Capitalisation Surpasses $500 Million Following Solana Integration

The total market capitalisation of PayPal USD (PYUSD) stablecoins has exceeded $500 million, according to DeFi Llama. This milestone was achieved following the addition of support for Solana. Over the past month, the figure has risen from $270 million to over $531.9 million. The increase in PYUSD supply followed its expansion to the Solana network […]

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ForkLog 9 09.07.2024

Bitcoin ETF Inflows Surge to Nearly $295 Million, a Monthly High

On July 8, net inflows into spot Bitcoin ETFs reached $294.9 million, up from $143.1 million on the previous trading day, according to SoSoValue. Data: SoSoValue. This figure marks a 21-day high. Total inflows across all BTC-ETFs exceeded $15 billion. Investors allocated $187.21 million to BlackRock’s IBIT, $61.54 million to Fidelity’s FBTC, $25.08 million to […]

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ForkLog 10 08.07.2024

Peter Brandt Predicts Bitcoin Could Fall to $44,000

Peter Brandt identified a bearish “double top” pattern in Bitcoin’s chart, suggesting a potential drop to $44,000 if it materializes. Bitfinex observed signs of a potential end to the market correction. The correction of the leading cryptocurrency might extend to the $44,000 mark, according to technical analyst and Factor LLC head Peter Brandt. Has Bitcoin […]

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ForkLog 8 08.07.2024

Investors Capitalize on Market Correction to Strengthen Positions in Crypto Funds

Inflows into cryptocurrency investment products amounted to $441 million from June 29 to July 5, following an outflow of $30 million the previous week, according to calculations by CoinShares. Data: CoinShares. Analysts noted a resurgence in buying activity, triggered by weak prices amid concerns over coin sales by German authorities and the commencement of bitcoin […]

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ForkLog 12 05.07.2024

Bitcoin Dips Below $54,000 Amid Mt. Gox Movements, Experts Warn of Further Decline

On the morning of July 5, the price of the leading cryptocurrency fell below $54,000 following reports of Mt. Gox coin movements. Hourly chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, the price is attempting to hold this level after a slight rebound. Nobuaki Kobayashi, the trustee of the bankrupt exchange […]

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ForkLog 13 04.07.2024

Bitcoin’s Potential Drop to $50,000 Raises Concerns

A “double top” reversal pattern is forming on the Bitcoin chart. Miners, ETF buyers, and hodlers are selling, with a reversal possible if stablecoin supply increases. Investors continue to bet on ETH-ETF approval by purchasing call options for September-December. A sharp decline in Bitcoin may not stop at $57,000 and could push the price down […]

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ForkLog 15 04.07.2024

Bitcoin’s Decline Dampens Market Sentiment

As digital gold fell below $57,000, the cryptocurrency fear and greed index dropped to 44 points, confirming bearish market sentiment. #crypto market sentiment has turned into fear! pic.twitter.com/HdRK0j52E8 — Ali (@ali_charts) July 4, 2024 At the time of writing, the leading cryptocurrency is trading at $57,800, having fallen 5.5% over the week. 15-minute BTC/USDT chart […]

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ForkLog 7 03.07.2024

QCP Analysts Foresee Potential Bitcoin Rally Resurgence

Despite the price correction of leading cryptocurrencies, the options market remains heavily skewed towards growth. This suggests the possibility of a rally restart by the end of the year, noted analysts at QCP Capital.

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ForkLog 8 03.07.2024

Bitcoin Falls Below $61,000 Again

On the morning of July 3, the leading cryptocurrency dropped from $62,100 to $60,900. Following the release of macroeconomic data, the coin fell by 3% over the day. 15-minute BTC/USDT chart on Binance. Data: TradingView. The market reacted negatively to the release of information on job openings and labour turnover in the US for May. […]

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