Market Analysis | ForkLog

ForkLog 10 04.06.2024

Hash Ribbons Indicator Signals Bitcoin Buying Opportunity

The Hash Ribbons indicator is issuing an “optimal signal” for purchasing digital gold in the coming weeks, suggesting a renewal of the asset’s rally, according to Charles Edwards, founder of Capriole Investments. Hash Ribbons is back. Perhaps the best long-term Bitcoin buy signal there is, Hash Ribbons is now tempting us with a new Miner […]

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ForkLog 11 04.06.2024

Bitcoin Spot ETFs See Inflows for 15 Consecutive Days

On June 3, inflows into 11 approved spot Bitcoin ETFs amounted to $105.1 million. This positive trend has continued for 15 consecutive days, according to SoSoValue. During this period, the segment attracted $2.28 billion. Since the registration of these products, the total has reached $13.96 billion. Data: Farside. A longer trend of 17 trading days […]

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ForkLog 8 04.06.2024

Analyst Predicts Reduced Volatility for Bitcoin and Ethereum

The current implied volatility values for Bitcoin and Ethereum options suggest a calm outlook for the cryptocurrency market in the coming weeks, according to Deribit’s Chief Commercial Officer Luuk Strijers, as reported by The Block. This metric for the leading cryptocurrency has significantly decreased since mid-May. Source: The Block. Analysts at QCP Capital also noted […]

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ForkLog 5 03.06.2024

Cryptocurrency Inflows Reach $2 Billion in May

Inflows into cryptocurrency investment products amounted to $185 million from May 25 to 31, with a total of nearly $2 billion for the entire month, according to calculations by CoinShares. This positive trend has continued for the fourth consecutive week. Year-to-date inflows have exceeded $15 billion. Data: CoinShares. Trading volumes for ETP fell from $13 […]

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ForkLog 256 03.06.2024

FDV explained: what it is and how it moves crypto prices

We explain FDV: why it matters to investors and how it affects crypto-asset prices.

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ForkLog 6 03.06.2024

USDe Stablecoin Capitalisation Surpasses $3 Billion

The total market value of USDe, issued by Ethena Labs, has exceeded $3 billion just four months after the launch of the “synthetic dollar.” Data: CoinGecko. The “stablecoin” reached this milestone faster than its competitors, according to The Block. USDe climbed to $2 billion on April 5. Over the past 30 days, the metric has […]

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ForkLog 10 30.05.2024

Ethereum Options Traders Show Renewed Optimism

Despite a pause in the rally, options traders remain optimistic about the price prospects of the second-largest cryptocurrency by market capitalization. This was reported by CoinDesk analyst Omkar Godbole, citing Glassnode. According to data from the derivatives exchange Deribit, the put/call ratio for Ethereum options across all expiration dates has reached 0.61. This, according to […]

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ForkLog 25 30.05.2024

Notcoin Surges 30% in a Day as Trading Volume Exceeds Market Cap

On May 30, the gaming token Notcoin (NOT) surged by 30% to reach $0.012. Its market capitalization hit $1.22 billion with a trading volume of $1.29 billion, according to CoinGecko. 15-minute chart of NOT/USDT on Binance. Data: TradingView. The weekly gain of the asset was nearly 130%. At the time of writing, the project ranks […]

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ForkLog 8 28.05.2024

Investors Pour Over $1 Billion into Crypto Products in a Week

From May 18 to 24, inflows into cryptocurrency investment products reached $1.05 billion, marking a positive trend for the third consecutive week. This is according to a report by CoinShares. Data: CoinShares. Since the beginning of the year, inflows have totaled $14.9 billion. The weekly trading volume of ETP increased by 28% to $13.6 billion. […]

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ForkLog 7 28.05.2024

Market Optimism Grows as Call Options on Ethereum Dominate

Market participants are showing optimism towards Ethereum, as indicated by the rise in open interest for call options on the digital asset, according to analysts at QCP Capital. Experts observed that on May 27, ETH “rose from $3810 to $3940, likely due to comments from [presidential candidate] Donald Trump in support of cryptocurrencies.” At the […]

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ForkLog 6 24.05.2024

Ethereum Dips Below $3700 Following ETF Approval: Analysts Weigh In

Following the approval by the SEC of Form 19b-4 applications for launching spot Ethereum ETFs, the underlying asset fell by 7.5%—from $3950 to $3650. 15-minute ETH/USDT chart on Binance. Data: TradingView. Briefly, the cryptocurrency dipped below $3500. At the time of writing, ETH had recovered to $3710. Julio Moreno, Head of Research at CryptoQuant, noted […]

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ForkLog 10 21.05.2024

Analysts Predict Ethereum Volatility Amid ETF Hype

The narrative surrounding the launch of spot Ethereum ETFs could increase the volatility of the second-largest cryptocurrency by market capitalization, according to several industry analysts. On May 20, media reported that the SEC requested companies to update form 19b-4 in their applications for the launch of the instrument. Following the news, ETH’s price exceeded $3600. […]

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