Market Analysis | ForkLog

ForkLog 18 26.01.2021

Glassnode experts identify signs that Bitcoin’s correction is ending

Glassnode analysts, based on two on-chain metrics, forecast the end of the correction and the formation of a new bullish price impulse for Bitcoin.

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ForkLog 7 26.01.2021

CoinShares: crypto investment products pull in a record $1.31 billion in a week

Net inflows into cryptocurrency-based investment products last week amounted to a record $1.31 billion. Data from digital asset management firm CoinShares.

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ForkLog 13 21.01.2021

Bitcoin price falls below $33,000; market capitalization slides to $972 billion

Bitcoin continued to slide, breaking below the $33,000 level. In the last 24 hours, Bitcoin fell 6.4%, according to CoinGecko.

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ForkLog 34 18.01.2021

CoinGecko: Top-30 cryptocurrencies rose on average by 308% in 2020

The year 2020 proved far better for long-term investors than the previous one. The market capitalization of the top-30 cryptocurrencies rose by 308%, according to a CoinGecko report. The performance of the 30 most capitalised cryptocurrencies over the year was five times higher than in 2019 (308% vs 62%). Portfolios containing DeFi protocol tokens gained an average of 718%. The combined market capitalization of top-30 crypto assets rose by $552 billion. Bitcoin led gains among the top five coins; Ethereum surged 472%. Source: CoinGecko.

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ForkLog 23 18.01.2021

DEX trading volume tops $30 billion since the start of January

In January, trading volume on decentralized exchanges (DEX) reached $33.5 billion, surpassing the record set in September 2020 ($26.6 billion). The data come from Dune Analytics.

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ForkLog 19 18.01.2021

FTX reports record growth in trading volumes, users and markets in 2020

Last year, trading volume on the crypto-derivative exchange FTX rose by more than 1,000%, and total traded volume exceeded $385 billion. This is according to the FTX 2020 Year-End Review.

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ForkLog 11 18.01.2021

Bloomberg: Bitcoin volatility spooked major companies

Many Wall Street financial managers have reconsidered investing in Bitcoin after its price fell more than 25% last week, according to Bloomberg.

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ForkLog 33 17.01.2021

Report: Over $17.5 billion moved out of China via cryptocurrencies in 2020

Unregulated capital outflow from China via cryptocurrencies in 2020 reached $17.5 billion, according to 8btc citing a PeckShield report.

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ForkLog 18 16.01.2021

Polkadot becomes the fourth-largest crypto asset by market capitalisation, overtaking XRP

The DOT token price rose 58.4% over seven days and 175% over the last month, allowing the coin to displace XRP from the fourth spot in the crypto-asset market-cap rankings.

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ForkLog 9 12.01.2021

CoinShares: Inflows into crypto-based products fall to $29 million

Net inflows into cryptocurrency-based investment products last week amounted to $29 million, well below the record $1.09 billion in the first week of January. CoinShares reported.

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ForkLog 13 12.01.2021

Active addresses and Bitcoin trading volumes hit record highs

Trading volumes on exchanges and the number of active Bitcoin addresses surpassed the peak levels seen in 2017. CoinDesk analysts polled see this as a precursor to a continued bull market.

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ForkLog 9 09.01.2021

Bitcoin’s market cap hits 7% of gold’s total market value

The price rise to $40,000 and above significantly increased Bitcoin's market capitalization, bringing the figure a little closer to gold's market value.

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