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ForkLog 21 15.02.2024

Bitcoin Outshines Gold: Expert Notes Capital Shift to Cryptocurrency ETFs

Since the start of 2024, gold ETFs have seen an outflow of $2.39 billion, while inflows into funds based on the leading cryptocurrency have reached $3.89 billion. These figures were presented by Bloomberg analyst Eric Balchunas. Meanwhile it’s a pretty bad scene right now in the gold ETFs category… via @SirYappityyapp in our just published […]

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ForkLog 19 15.02.2024

Bank of Russia Considers Cryptocurrency Investment Possibilities

The Bank of Russia continues to refrain from recognizing cryptocurrencies as a means of payment within the country, yet it is exploring ways for citizens to potentially use them. This was reported by TASS, citing the regulator’s deputy chair, Olga Polyakova. One possible scenario includes investment, taking into account the significant risks involved. “Investment is […]

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ForkLog 19 14.02.2024

Experts Revise Bitcoin Forecasts for 2024

Former BitMEX CEO Arthur Hayes closed March bitcoin puts with a strike of $35,000 and anticipates a new ATH. CryptoQuant pointed to $104,000–112,000 as a target, with $55,000–59,000 in a pessimistic scenario. SkyBridge Capital founder Anthony Scaramucci urged buying digital gold at current levels without hesitation. Former BitMEX CEO Arthur Hayes has abandoned his previous […]

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ForkLog 15 14.02.2024

Bitcoin Unfazed by Diminished Prospects of Fed Policy Easing

Weaker-than-expected inflation deceleration shifted expectations for a Federal Reserve rate cut from May to June, yet had limited impact on Bitcoin. In January, the annual inflation index in the US stood at 3.1%. This figure surpassed the forecast of 2.9% but was an improvement from the previous month’s 3.4%. The likelihood of a Fed rate […]

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ForkLog 18 13.02.2024

Whale Bitcoin Movements Detected by Experts

Since November 2023, long-term investors have withdrawn approximately 148,000 BTC from wallets. According to Glassnode, this trend indicates the start of profit-taking by this market segment. #Bitcoin investors have been rewarded for their patience and conviction, with BTC prices rallying to multi-year highs above $50k. The volume of supply held at a loss is also […]

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ForkLog 17 13.02.2024

Bitcoin Options Traders Bet on Rally to $65,000

Market participants are forming positions on call options for digital gold in the $65,000-$75,000 range, with execution in the second quarter. Over the past three days, net inflow into spot Bitcoin ETFs has exceeded $1.5 billion. In recent days, the volume of open positions on call options expiring in April-June with strike prices of $65,000, […]

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ForkLog 17 13.02.2024

MicroStrategy Chief Highlights Unmet Investor Demand for Bitcoin

The absence of spot Bitcoin ETFs for a decade has restrained investor demand for digital gold, stated MicroStrategy founder Michael Saylor in an interview with CNBC. He made these remarks while commenting on the surge in the company’s stock from around $500 to over $700 in February. Source: MarketWatch. In his view, this trend and […]

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ForkLog 11 13.02.2024

Expert Analysis: 375,000 Investors Acquired Bitcoin at $50,230

Approximately 375,000 market participants purchased around 119,480 BTC (about $6 billion) at an average price of $50,228. This level could become a significant resistance for Bitcoin, according to Lookonchain. The price of $BTC just rose above $49.8K! Data from @intotheblock shows that ~375K addresses bought ~119.48K $BTC($6B) at an average price of $50,227.81. These addresses […]

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ForkLog 18 12.02.2024

Grayscale Anticipates Positive Bitcoin Market Structure Post-Halving

Fundamental shifts in supply and demand dynamics, alongside other factors, are likely to positively influence Bitcoin prices following the halving, according to Grayscale. NEW REPORT: fundamental onchain activity and positive market structure updates could make the spring 2024 $BTC halving fundamentally different from the ones that came before. pic.twitter.com/SIjBg11cpV — Grayscale (@Grayscale) February 9, 2024 […]

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ForkLog 57 12.02.2024

Vitalik Buterin Offers Guidance on Detecting Deepfakes

Ethereum co-founder Vitalik Buterin has penned an article addressing the growing issue of deepfakes and explored potential methods for their detection. Initially, he pointed out the shortcomings of the cryptographic method, often suggested by the community as a secure form of authentication. According to Buterin, there is always a risk of potential interception of public […]

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ForkLog 42 12.02.2024

New Zealand’s Central Bank Chief Criticizes ‘Stablecoin’ as an Oxymoron

Adrian Orr, Governor of the Reserve Bank of New Zealand, expressed significant concerns about cryptocurrencies and stablecoins while addressing the parliamentary Finance Committee. According to him, Bitcoin is neither a medium of exchange, a store of value, nor a unit of account, despite attempts by people to use it as such. Orr added that stablecoins […]

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ForkLog 21 09.02.2024

Ripple Predicts Significant Shifts in Cryptocurrency Market Structure

The year 2024 is anticipated to be a period of potential large-scale changes in the cryptocurrency market structure, driven by institutional demand, according to Ripple’s quarterly report. Our latest XRP Markets Report is live — detailing Q4 events in crypto that brought important topics such as compliance and anti-money laundering to the forefront, key regulatory […]

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