bitcoin price | ForkLog

ForkLog 7 05.08.2024

Bitcoin Not to Blame for Market Downturn, Say Experts

“This time, Bitcoin is not to blame,” as the downturn resulted from recession fears in the US and market instability. This was stated by Bernstein analysts, according to The Block. The price of the leading cryptocurrency briefly fell below $50,000, while Ethereum dropped below $2,200. “The initial reaction of Bitcoin as a risk asset is […]

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ForkLog 4 05.08.2024

Experts Identify Bitcoin Support Levels and Growth Conditions

The cryptocurrency market downturn that began on Saturday, August 3, continued into Monday, August 5. At the time of writing, Bitcoin’s price stands at $52,475, having dropped more than 24% in a day, according to CoinGecko. Ethereum lost 20% over the same period, trading at $2310. ForkLog consulted experts to discuss the reasons behind the […]

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ForkLog 18 05.08.2024

Bitcoin Falls Below $50,000 as Ethereum Dips Under $2,200

Overnight on August 5, the leading cryptocurrency plummeted nearly 13%. Briefly, the coin dropped to $49,000. 15-minute BTC/USDT chart from Binance. Data: TradingView. At the time of writing, digital gold has slightly recovered and is trading at $52,700. According to CoinGecko, its market capitalization is approximately $1 trillion. The total cryptocurrency market cap has fallen […]

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ForkLog 6 03.08.2024

Bitcoin Falls Below $62,000; Ethereum Dips Under $3,000

In the early hours of Saturday, August 3, the price of the leading cryptocurrency fell below $62,000, losing 4.2% over the past 24 hours. Daily chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $61,750. The second-largest cryptocurrency by market capitalization fell below the psychological threshold of $3,000 […]

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ForkLog 7 01.08.2024

Bitcoin Price Dips Below $63,000

The leading cryptocurrency continued its correction, with its rate momentarily dropping to $62,666 on Binance in the USDT pair.

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ForkLog 9 31.07.2024

Federal Reserve Maintains Key Rate; Bitcoin Dips to $66,400

On July 31, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. On July 11, the U.S. Bureau of Labor Statistics released a report on consumer prices, revealing an index value below the forecast—3% compared to the anticipated 3.1%. The cryptocurrency market reacted […]

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ForkLog 9 27.07.2024

Bitcoin Price Climbs Back to $68,000

On the evening of Friday, July 26, the price of the leading cryptocurrency rebounded to the $68,000 level. Over the past 24 hours, the asset has gained 2%. Daily BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $68,200. Most digital assets in the top 10 by market capitalization […]

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ForkLog 8 25.07.2024

Ethereum Falls Below $3200 Amid ETF Outflows

Outflows from Grayscale’s Ethereum Trust exceeded inflows into ETH-ETF. Investors shifted focus from the debut of spot Ethereum-ETFs to Mt.Gox coin movements and macroeconomics. On July 24, Ethereum’s daily decline reached 7.9%, while Bitcoin’s was 2.7%, according to CoinGecko. According to SoSoValue, the net outflow from spot Ethereum-ETFs amounted to $133.2 million. At the time […]

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ForkLog 9 18.07.2024

CryptoQuant: Bitcoin Hits Local Bottom Amid Positive Indicators

The price of the leading cryptocurrency has seemingly reached a local bottom before rebounding to nearly $66,000 earlier this week, reports The Block, citing a report from CryptoQuant. According to analysts, the recent drop in Bitcoin’s price to around $55,000 resulted in the largest realized losses for asset holders in 2024. “Hodlers of digital gold […]

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ForkLog 10 15.07.2024

Bitcoin’s Ascent Predicted Amid Federal Reserve’s Influence

Experts noted traders shifting focus from Mt.Gox and German government sales to the incident involving US presidential candidate Donald Trump and macroeconomic statistics. On-chain analysts observed bitcoin whales accumulating coins. With the conclusion of sales by German authorities and the Mt.Gox factor largely priced in, bitcoin is poised to reclaim lost ground in the coming […]

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ForkLog 8 10.07.2024

Bitcoin Rallies Following Fed Chair’s Remarks

The price of the leading cryptocurrency climbed back above $59,000 following a speech by Federal Reserve Chair Jerome Powell in the Senate. Bitcoin’s value rose by 3.3% over the past day. The market capitalization increased by 2.5%, reaching $2.23 billion. Data: CoinGecko. Ethereum’s price exceeded $3100. Despite a 7.6% decline over the past week, it […]

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ForkLog 33 06.07.2024

Bitcoin Price Rebounds Above $56,000

On the evening of Friday, July 5, the price of the leading cryptocurrency returned to the $56,000 mark, gaining 4% over the past 24 hours. Hourly BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $56,600. All digital assets in the top 10 by market capitalization have turned “green.” […]

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