Market Analysis | ForkLog

ForkLog 17 17.06.2024

Crypto Startups Surpass $100 Billion in Funding

Since late May 2014, cryptocurrency startups have attracted $101.4 billion, according to data from DeFi Llama. Data: DeFi Llama. For comparison, by the end of May 2014, the figure stood at $17.1 million. At that time, five years had passed since the creation of Bitcoin and one year since the launch of Ethereum. A decade […]

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ForkLog 7 14.06.2024

Ethereum Holders Accumulate Near-Record Amount of Coins Post-Fed Meeting

On June 12, Ethereum holders added 298,000 ETH (~$1.34 billion) to accumulating addresses, marking the second-highest daily amount in history, according to CryptoQuant. Ethereum demand has spiked. Buying by permanent holders was the second highest on record yesterday: 298K ETH. The record daily buying was last September 11: 317K ETH. pic.twitter.com/0qMVpNU8ht — Julio Moreno (@jjcmoreno) […]

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ForkLog 27 14.06.2024

Bernstein Predicts Bitcoin to Reach $200,000 by End of 2025

Analysts at Bernstein have raised the target price for the leading cryptocurrency to $200,000 by the end of 2025, up from $150,000. This was reported by The Block. The forecast is driven by expectations of “unprecedented demand from bitcoin-based spot exchange-traded funds” managed by BlackRock, Fidelity, Franklin Templeton, and others. “We believe that ETFs have […]

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ForkLog 14 13.06.2024

Analyst: Bitcoin Halving Triggers Miner Capitulation

On-chain analyst Ali Martinez is convinced that the reduction in Bitcoin mining profitability following the April halving has triggered a “wave of capitulations” among miners.

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ForkLog 11 13.06.2024

Renewed Interest in Spot Bitcoin ETFs Following Two-Day Outflows

On June 12, inflows into spot Bitcoin ETFs amounted to $100.9 million. Over the previous two days, investors had withdrawn $265 million from these products, according to SoSoValue. This followed a series of inflows during which approximately $4 billion entered these instruments, including $1.8 billion in the last five days. Data: SoSoValue. On June 12, […]

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ForkLog 11 13.06.2024

Crypto Airdrops Distribute Over $4 Billion in Tokens This Year

Since the beginning of the year, participants in the crypto industry have received approximately $4 billion in various tokens through airdrops, according to an assessment by The Block. The top three airdrops were Jupiter, StarkNet, and Notcoin. Each project distributed around $1 billion based on the number of tokens issued and average prices in the […]

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ForkLog 25 12.06.2024

Arbitrage Strategies Curb Bitcoin Growth Amid ETF Inflows

Despite significant inflows into BTC-ETFs, arbitrage strategies between spot and derivative markets are restraining buyer pressure, according to Glassnode. To substantiate and assess ETF demand, analysts compared the balance of product issuers (862,000 BTC) with other major exchange structures: Mt.Gox trustee = 141,000 BTC; US government = 207,000 BTC; all exchanges = 2.3 million BTC; […]

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ForkLog 18 11.06.2024

Bitcoin’s Correlation with Stock Market Strengthens Amid Macro Data Anticipation

The performance of the leading cryptocurrency has become more closely aligned with the stock market as traders maintain a cautious stance ahead of the release of the US Consumer Price Index (CPI) and the Federal Reserve’s Fed rate decision. According to the CME FedWatch Tool, 99.4% believe the agency will not change the key rate […]

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ForkLog 14 11.06.2024

Record Inflows into Spot Bitcoin ETFs Come to an End

On June 10, investors withdrew $64.9 million from spot Bitcoin exchange-traded funds (ETFs), halting a positive trend that had persisted for 19 days, according to SoSoValue. In total, the longest wave of inflows into BTC-ETFs amounted to approximately $4 billion, with $15.62 billion since the approval of these instruments in January. Data: SoSoValue. Clients of […]

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ForkLog 13 10.06.2024

Investors Inject $2 Billion into Bitcoin Products

From June 1 to June 7, cryptocurrency investment products saw an inflow of $2.04 billion, with Bitcoin-based products accounting for $1.973 billion, according to calculations by CoinShares. In both cases, the weekly figures matched the totals for the entire previous month. Data: CoinShares. Analysts attributed the accelerated pace to expectations of a monetary policy easing […]

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ForkLog 11 10.06.2024

Weekly Inflows into Spot Bitcoin ETFs Surpass $1.8 Billion

During the trading week from June 3 to June 7, U.S. spot Bitcoin ETFs acquired 25,729 BTC (approximately $1.8 billion at the average rate), while only 3,150 BTC were mined in the same period. This data comes from HODL15Capital. U.S. Bitcoin ETFs bought 2 month’s supply this week ? pic.twitter.com/eNwBmShWpX — HODL15Capital ?? (@HODL15Capital) June […]

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ForkLog 12 05.06.2024

K33 Research Predicts Up to $4.8 Billion Inflows into ETH ETFs Within Five Months

In the initial five months following the commencement of trading, net inflows into spot Ethereum-based ETFs are projected to range from $3.1 billion to $4.8 billion, according to calculations by K33 Research. Markets remain rangebound with low volatility, but moderate ETH ETF excitement is reflected in trader positioning. A relatively quiet week, but we expect […]

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