Market Analysis | ForkLog

ForkLog 26 14.03.2023

Glassnode: US bank collapse rekindles demand for Bitcoin

The shutdowns of Silvergate Bank, SVB, and SBNY triggered temporary turbulence in stablecoins and underscored the significance of Satoshi Nakamoto's creation of Bitcoin. Glassnode reports.

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ForkLog 10 13.03.2023

Crypto funds post record outflow

The outflow from cryptocurrency investment products from March 4 to 10 reached a record $255 million, compared with $17 million a week earlier. Analysts at CoinShares said.

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ForkLog 10 06.03.2023

Crypto funds post outflows amid regulatory uncertainty

Outflows from cryptocurrency investment products from February 25 to March 3 totaled $17 million, vs $1.9 million a week earlier. CoinShares analysts provided these estimates.

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ForkLog 9 03.03.2023

Market capitalization of the BUSD stablecoin falls below $10 billion

The market capitalization of the Binance USD (BUSD) stablecoin fell below $10 billion for the first time since late June 2021, according to CoinGecko.

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ForkLog 11 28.02.2023

NFT trading volumes hit May levels last year

Trading activity in the Ethereum-based NFT segment reached a level last seen in May of last year.

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ForkLog 24 28.02.2023

Bernstein analysts flag decline in cryptocurrencies’ correlation with the US stock market

The correlation of cryptocurrencies with US equities and macroeconomic events is weakening amid bitcoin's current flat price action.

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ForkLog 10 21.02.2023

Opinion: Bitcoin’s next target is $30,000

Bitcoin price reached the 200 WMA (near $25,100); breaking above it could open the path to $30,000. The last time this level was seen was shortly before the Terra collapse, according to LookIntoBitcoin.

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ForkLog 9 21.02.2023

Glassnode flags changes in Bitcoin investor behaviour

Bitcoin's price stays near the $25,000 psychological level despite U.S. regulatory pressure, with Glassnode analysts attributing this to a notable shift in market participant behavior.

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ForkLog 29 21.02.2023

Blur NFT marketplace leads NFT trading volume

Over the last seven days, Blur's NFT trading volume rose by 445%, to $519.17 million. The marketplace overtook OpenSea on this metric, according to DappRadar.

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ForkLog 6 20.02.2023

Investors trim exposure to crypto funds amid regulatory pressure

Net outflows from cryptocurrency investment products from February 11–17 totaled $31.7 million, the largest since December 2022, according to CoinShares.

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ForkLog 5 16.02.2023

Analysts record $1.6 billion USDC conversion into cryptocurrencies

The rise of Bitcoin and Ethereum was in part enabled by the conversion of $1.6 billion USDC into cryptocurrencies from February 10, according to Lookonchain.

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ForkLog 16 14.02.2023

Glassnode links Bitcoin network congestion to NFT emergence

The Ordinals phenomenon — a protocol for creating the first NFTs on the Bitcoin blockchain — has generated increased load on the network. Analysts at Glassnode highlighted this trend.

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