Market Analysis | ForkLog

ForkLog 7 22.05.2023

Crypto fund outflows continue for a fifth week in a row

Outflows from cryptocurrency investment products from May 6 to May 12 totalled $32.1 million, compared with $53.8 million a week earlier.

AI translated

ForkLog 10 15.05.2023

Outflows from crypto funds extend for the fourth week in a row

Outflows from cryptocurrency investment products for the week of 29 April to 5 May totalled $53.8 million, compared with $72.1 million a week earlier. Analysts at CoinShares estimated the figure.

AI translated

ForkLog 19 15.05.2023

Analysts flag weakening of the Bitcoin–Ethereum correlation

The 30-day moving average of the correlation coefficient between Bitcoin and Ethereum slipped below 0.8 — to 0.78. A similar situation has not been seen since November 2021, according to Kaiko.

AI translated

ForkLog 6 15.05.2023

Glassnode: Bitcoin addresses holding at least 1 BTC exceed one million

The number of Bitcoin addresses containing at least 1 BTC has surpassed 1 million, according to Glassnode.

AI translated

ForkLog 7 04.05.2023

Report: Shapella activation spurs growth in the DeFi segment

Against the backdrop of the activation of Shapella in the Ethereum network, the TVL in smart contracts of decentralized applications rose above $90 billion in April.

AI translated

ForkLog 25 04.05.2023

Trust Wallet Adds Support for Sui Network

The cryptocurrency wallet Trust Wallet integrated the Layer 1 blockchain Sui Network.

AI translated

ForkLog 8 02.05.2023

As the Fed meeting nears, bearish sentiment weighs on crypto funds

Net outflows from cryptocurrency investment products from 22 to 28 April amounted to $72.1m, compared with $30.4m a week earlier. CoinShares analysts provided the assessment.

AI translated

ForkLog 11 02.05.2023

Analysts dispute the influence of ‘old whales’ on Bitcoin’s price

Sell orders by 'new investors' at around the $30,000 level became the main factor in halting Bitcoin's rally. Rumors about Mt.Gox clients' sales, US government actions, and the revival of the 'ancient' 3,200 BTC led only to volatility, Glassnode said.

AI translated

ForkLog 9 01.05.2023

PEPE ranks third by market capitalization among meme tokens

In the last 24 hours, the Pepe (PEPE) token rose by 126%, taking third place by market capitalization among meme coins.

AI translated

ForkLog 12 25.04.2023

Glassnode: The $30,000 test undermined Bitcoin bulls’ confidence

The shift into 'profit' positions among Bitcoin speculators has made the picture of accumulation and distribution less straightforward. This has prevented the price from holding above $30,000, Glassnode noted.

AI translated

ForkLog 15 19.04.2023

PEPE meme token jumps 217% in 24 hours

Launched on April 14, the Pepe (PEPE) meme token surged more than 217% in the past 24 hours, yet users cannot sell the coin due to a liquidity crunch.

AI translated

ForkLog 10 19.04.2023

Bitcoin price sinks below $30,000; Ethereum trades under $2,000

On Wednesday, March 19, Bitcoin's price fell 3.1% in an hour to $29,000. Ethereum and other cryptocurrencies also showed sharp declines.

AI translated

#Market Analysis