Market Analysis | ForkLog

ForkLog 8 01.06.2021

Active Bitcoin addresses fall to a six-month low

Events in May 2021 led to a reduction in Bitcoin's on-chain activity. The seven-day moving average of active addresses fell to its lowest since November 2020, according to Arcane Research.

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ForkLog 14 01.06.2021

Bitcoin linked to 2012 Bitfloor hack moves.

BTCparser.com recorded the withdrawal of 900 BTC from a 'sleeping' wallet that had received them on 16 August 2012 from the Bitfloor exchange, which was hacked later.

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ForkLog 25 01.06.2021

Only twice was it worse: Bitcoin fell 34.5% in May

May 2021 proved to be the third-largest percentage drop in Bitcoin's price in the history of the premier cryptocurrency. BTC closed the past month down 34.5% at $37,340. In November 2018 the price of digital gold fell 37%, and in September 2011 by 40%.

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ForkLog 25 27.05.2021

Glassnode: DeFi sector resists panic on May 19

The DeFi sector showed resilience during the May 19 crash and extreme gas prices. This manifested in high activity on the DEX, robustness of liquidation and arbitrage mechanisms, and the pegging of stablecoins, according to Glassnode analysts.

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ForkLog 17 26.05.2021

DBS finds bitcoin volatility affecting the stock market

The correlation between bitcoin and S&P 500 futures widens as price swings in the first cryptocurrency intensify. Analysts at DBS, Singapore's largest bank, пришли to that conclusion.

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ForkLog 20 25.05.2021

Bitcoin holders register unprecedented losses as market rout deepens

From May 17 to 23, the volume of losses recorded by Bitcoin holders reached a historic high of $14.2 billion. The scale of capitulation surpassed previous records in March 2020 and in January–February 2018, according to Glassnode.

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ForkLog 17 20.05.2021

Guggenheim Partners call cryptocurrencies a bubble amid market rout

Investment director Scott Minerd of Guggenheim Partners called cryptocurrencies a bubble, likening the market situation to 'tulipmania'.

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ForkLog 59 19.05.2021

Venus protocol on Binance Smart Chain records $200 million in liquidations.

Against the backdrop of a market correction, the liquidation volume in the Venus lending DeFi protocol on Binance Smart Chain (BSC) reached $200 million.

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ForkLog 20 15.05.2021

Cardano hits historic high above $2.19

The Cardano cryptocurrency (ADA) hit a new all-time high around $2.19. In the past week the token's price surged 30%.

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ForkLog 32 12.05.2021

Ethereum price hits all-time high at $4350

On Wednesday, May 12, Ethereum, the second-largest cryptocurrency by market cap, reached the $4350 level, setting a new all-time high.

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ForkLog 13 10.05.2021

Ethereum trades above $4,100

On Monday, May 10, the price of the second-largest cryptocurrency crossed the key $4,000 level.

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ForkLog 17 09.05.2021

Ethereum price climbs above $3,900

On Sunday, May 9, the price of the second-largest cryptocurrency by market cap breached the $3,900 level and closed in on the $4,000 mark.

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