Market Analysis | ForkLog

ForkLog 11 20.05.2024

Crypto Funds Attract $932 Million Following US Inflation Report

Inflows into cryptocurrency investment products from May 11 to May 17 amounted to $932 million, according to calculations by CoinShares. Data: CoinShares. Analysts noted that the inflow was an “immediate response” to the US inflation data, with the last three trading days of the week accounting for 89% of the total flows. Clients directed $942 […]

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ForkLog 39 16.05.2024

Meme Coins Outperform Broader Cryptocurrency Market

In the past 24 hours, the total capitalization of meme tokens rose by 8.1%, surpassing the broader crypto market’s growth of 5%. Meme coin capitalization. Data: CoinGecko. PEPE showed the most significant increase in the category, rising nearly 27% over the week to reach a new all-time high of $0.000011. The main meme tokens — […]

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ForkLog 73 16.05.2024

Bitcoin Surges Past $66,000: Analysis and Expert Forecasts

On May 16, following the release of macroeconomic data in the United States, the leading cryptocurrency surpassed the $66,000 mark, gaining nearly 7% in a day. ForkLog reports on the market’s condition and shares insights from consulted experts. At the time of writing, Bitcoin is trading at $66,240, with a market capitalization of $1.3 trillion […]

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ForkLog 22 16.05.2024

Institutional Interest: 937 Firms Invest $11 Billion in Bitcoin ETFs in Q1

937 institutional investors allocated $11.06 billion to spot Bitcoin ETFs in the first quarter. In July, Vanguard will be led by Salim Ramji, the creator of IBIT from BlackRock. Experts suggest the company might join the race for Bitcoin-based exchange-traded funds. As of March 31, 937 institutions had invested $11.06 billion in U.S. spot BTC-ETF […]

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ForkLog 14 15.05.2024

US Inflation Slows, Bitcoin Holds Above $64,000

Annual inflation in the United States slowed to 3.4% in April from 3.5%, aligning with consensus forecasts. On a monthly basis, the consumer price index rose by 0.3%, compared to expectations of 0.4% and the same figure for March. Excluding food and energy prices, the index increased by 0.3% from the previous month and by […]

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ForkLog 10 14.05.2024

Ethereum Options Market Sees Increased Bets on Price Surpassing $3600

The distribution of Ethereum options expiring in June indicates a rise in bets on the asset moving above $3600, according to data from Deribit. Data: The Block. The volume of open call options at the specified strike price has increased to $161.4 million, second only to the $6500 strike ($193.9 million). Overall, open interest for […]

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ForkLog 8 13.05.2024

Renewed Interest in Crypto Funds After Four Weeks of Outflows

Inflows into cryptocurrency investment products amounted to $130 million from May 4 to May 10, according to calculations by CoinShares. Data: CoinShares. Trading volumes for ETP fell from an April average of $17 billion to $8 billion. The share of crypto products in the total turnover of digital assets on reputable platforms dropped from 31% […]

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ForkLog 19 13.05.2024

Bitcoin’s Sideways Movement Predicted for May with Growth Expected Later

The current lull in Bitcoin’s activity may persist until early summer, but a return to growth is anticipated in the third and fourth quarters, according to Bitfinex, as reported by CoinDesk. “We expect the market to remain uncertain in the short term with low volatility until the actual winding down of QT in June,” the […]

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ForkLog 21 12.05.2024

Analysts Point to Signs of an Approaching Altcoin Season

The altcoin market is currently in a “disbelief stage,” which, if past cycles are any indication, will soon transition into an “explosive rally,” according to a trader known as Mikybull. #Altcoins market cap is currently at the disbelief stage, historically followed by an explosive rally. Historically, the marked-up consolidation has made huge gains (2016 &2020). […]

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ForkLog 29 09.05.2024

Cryptocurrency Exchange Volumes Decline for the First Time in Seven Months

The combined volume of spot and derivatives cryptocurrency markets fell by 43.8% in April to $6.58 trillion, following a record high in March of $9.12 trillion, according to data from CCData. This positive trend was interrupted after six months. Data: CCData. Experts attributed the trend reversal to escalating geopolitical tensions and a slowdown in inflows […]

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ForkLog 10 08.05.2024

10x Research Highlights Token Unlock Concerns and Ethereum’s Weakness

Large token unlocks could negatively impact the altcoin market, according to 10x Research. Analysts noted Ethereum’s inability to surpass the leading cryptocurrency. The current bullish cycle in the cryptocurrency market may be shorter than previous ones and is unlikely to end with a major altcoin rally, according to analysts at 10x Research. Beware of Token […]

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ForkLog 346 08.05.2024

How to apply Benner cycles to trading cryptocurrencies

Why one 19th-century American farmer’s theory still works.

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