bitcoin price | ForkLog

ForkLog 16 16.10.2024

Bitcoin Surpasses $68,000

On Wednesday, October 16, the price of the leading cryptocurrency surpassed the $68,000 mark, marking a 4% increase over the past 24 hours, according to CoinGecko. Hourly chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $68,200 for the first time since July. All digital assets in the top […]

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ForkLog 9 15.10.2024

Bitcoin Approaches $68,000

On October 15, Bitcoin surged past $67,000, momentarily reaching $67,950. Hourly BTC/USDT chart on Binance. Data: TradingView. October 15, 2024 | 17:43Update: after reaching $67,950, Bitcoin began to decline, falling below $66,000. At one point, the cryptocurrency dropped to $65,150. 15-minute BTC/USDT chart on Binance. Data: TradingView. The price increase was accompanied by a rise […]

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ForkLog 6 14.10.2024

Bitcoin Tests $66,000 Amid Anticipation of Chinese Stimulus

On the morning of October 14, the price of the leading cryptocurrency surpassed $64,000. This was prompted by positive trends in Asian stock markets, driven by expectations of expanded stimulus measures from Chinese authorities. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $64,100, having gained 2.1% over […]

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ForkLog 7 12.10.2024

Bitcoin Tests $63,000 Level

In the early hours of Saturday, October 12, the price of the leading cryptocurrency briefly surpassed the $63,000 mark. Hourly chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, digital gold had corrected to $62,700, marking a 3.5% increase over the past 24 hours, according to CoinGecko. Most digital assets in the […]

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ForkLog 29 11.10.2024

Bitcoin Tests $60,000 Amid Weak Macro Data and SEC Lawsuit Against Cumberland

On the evening of October 10, the price of the leading cryptocurrency fell below $59,000 before rebounding above $60,000. The selling pressure was triggered by disappointing macroeconomic data from the US and a lawsuit from the SEC against market maker Cumberland. The regulator accused the firm of operating as an “unregistered dealer” in cryptocurrency transactions. […]

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ForkLog 10 10.10.2024

US Inflation Surpasses Expectations, Bitcoin Falls Below $61,000

In September, annual inflation in the US reached 2.4%, compared to 2.5% the previous month. This figure exceeded market expectations of 2.3%. On a monthly basis, the consumer price index rose by 0.2%, the same as in August. The consensus forecast had predicted an increase of 0.1%. Excluding food and energy prices, the index rose […]

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ForkLog 7 07.10.2024

JPMorgan Analysts Identify Key Drivers for Bitcoin and Ethereum Growth

JPMorgan experts have pinpointed several “critically important” factors that could influence the cryptocurrency market in the coming months, reports The Block. The report examines technical, geopolitical, and structural aspects, as well as seasonal trends—particularly the Uptober effect. Special attention is given to the reduction of the Fed’s interest rate, Bitcoin-based exchange-traded funds (ETFs), and the […]

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ForkLog 5 27.09.2024

Bitcoin Surpasses $66,000 as Coinbase Premium Signals Retail Demand

On September 26, the Coinbase premium reached a two-week high, indicating bullish sentiment. This was noted by CryptoQuant’s Head of Research, Julio Moreno. Higher demand in the US made Bitcoin rallied today towards $65K. The Coinbase premium increased to the highest level in two weeks. pic.twitter.com/YhJItIGNvY — Julio Moreno (@jjcmoreno) September 27, 2024 This metric […]

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ForkLog 10 26.09.2024

Bitcoin Surpasses $65,000 Mark

Bitcoin has continued its upward trajectory, with the asset’s price exceeding $65,000 for the first time since early August.

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ForkLog 8 24.09.2024

Analysts Anticipate Bitcoin Rally in Coming Months

Institutional adoption and a range of macroeconomic factors are expected to fuel a bitcoin rally in the fourth quarter, according to The Block, citing several analysts.

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ForkLog 13 19.09.2024

Bitcoin Surpasses $63,000 Mark

The leading cryptocurrency has continued its upward trajectory, surpassing the $63,000 mark. The four-hour chart below shows that the upward movement is occurring amid declining trading volumes; the RSI indicator has already entered the overbought zone. This may indicate risks of a short-term correction. Four-hour BTC/USDT chart on Binance. Data: TradingView. As is often the […]

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ForkLog 69 18.09.2024

Bitcoin Tests $61,000 Amid Fed Rate Cut

On September 18, the United States Federal Reserve lowered the target range for the federal funds rate to 4.75–5% per annum. This marks the first reduction since March 2020. The decision aligned with market expectations. “Recent indicators suggest that economic activity continues to expand at a solid pace. Job gains have slowed, and the unemployment […]

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