Market Analysis | ForkLog

ForkLog 10 12.06.2023

Glassnode: Bitcoin miners sent $70m to exchanges over the week

From June 5 to 11, miners sent to exchanges digital gold worth $70.8 million.

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ForkLog 11 06.06.2023

Glassnode: SEC filing spurred 10,500 BTC outflow from Binance balances

Since the SEC filed charges against Binance, the exchange's Bitcoin balances have fallen by 10,500 BTC. Across the platform's history, there have been only 11 days when this figure was higher, according to Glassnode.

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ForkLog 15 06.06.2023

Analysts record a decline in risk appetite in the crypto market

Glassnode: low exchange volumes, the dominance of algorithmic trading in DeFi, and rising demand for USDT and BTC point to a preference for 'capital parking'.

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ForkLog 9 05.06.2023

Outflows from crypto funds continued for the seventh week in a row

Outflows from cryptocurrency investment products from May 27 to June 2 totalled $61.5 million, up from $39.3 million a week earlier. This assessment was provided by CoinShares analysts.

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ForkLog 13 05.06.2023

VanEck forecast Ethereum to reach $11,800 by 2030

The fair price of Ethereum is $5,300, and by 2030 the asset could rise to $11,800. These estimates were made by VanEck after incorporating into the scenario model the use of cryptocurrency as an alternative to U.S. government bonds.

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ForkLog 17 05.06.2023

Bitcoin volatility slips below Meta and Amazon shares

The 30D-MA bitcoin volatility on a yearly basis fell from the asset's long-run average of about 71% to 32%. By this measure, digital gold proved more resilient than Meta and Amazon shares.

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ForkLog 11 02.06.2023

Mike Novogratz says the crypto market is apathetic as institutions retreat

There has recently been a lack of interest among institutional investors in buying cryptocurrencies, which has affected overall enthusiasm. Galaxy Digital CEO Mike Novogratz said so in an interview with CNBC.

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ForkLog 14 01.06.2023

Activity on cryptocurrency exchanges falls to the lowest since October 2020

Trading volumes on centralized cryptocurrency exchanges in May fell to the lowest level since October 2020, around $424 billion.

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ForkLog 9 30.05.2023

Analysts forecast Bitcoin breakout from its current trading range

Glassnode: given extremely low volatility and narrow trading ranges, the Bitcoin market's current balance is likely to be breached soon.

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ForkLog 15 26.05.2023

JPMorgan flags $45,000 as a guide for Bitcoin’s rally

A price of $2,000 per troy ounce of gold is equivalent to about $45,000 in Bitcoin, as the two assets typically move in tandem and are seen as alternatives. JPMorgan analysts arrived at this conclusion.

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ForkLog 5 25.05.2023

Expert points to prospects for Bitcoin rally resuming

LookIntoBitcoin: Bitcoin's price fell to a ten-week low, but the technical setup still signals an uptrend.

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ForkLog 13 23.05.2023

Glassnode: Hodlers Await Bitcoin Rally Before Selling

Glassnode: tight BTC range coincided with extremely low on-chain value transfer. Most coins are dormant, waiting for higher prices.

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