bitcoin price | ForkLog

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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ForkLog 9 05.07.2024

Bitcoin Dips Below $54,000 Amid Mt. Gox Movements, Experts Warn of Further Decline

On the morning of July 5, the price of the leading cryptocurrency fell below $54,000 following reports of Mt. Gox coin movements. Hourly chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, the price is attempting to hold this level after a slight rebound. Nobuaki Kobayashi, the trustee of the bankrupt exchange […]

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ForkLog 7 04.07.2024

Bitcoin Dips Below $57,000 as Experts Warn of Further Decline

On the morning of July 4, the price of the leading cryptocurrency briefly fell below $58,000, a level last seen in February. Within an hour, prices dropped by 3.8% on increased volumes due to $69 million in liquidations, according to Coinglass. 15-minute BTC/USDT chart on Binance. Data: TradingView. Update: As of 12:25 (Kyiv/Moscow), the price […]

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ForkLog 6 03.07.2024

QCP Analysts Foresee Potential Bitcoin Rally Resurgence

Despite the price correction of leading cryptocurrencies, the options market remains heavily skewed towards growth. This suggests the possibility of a rally restart by the end of the year, noted analysts at QCP Capital.

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ForkLog 7 03.07.2024

Bitcoin Falls Below $61,000 Again

On the morning of July 3, the leading cryptocurrency dropped from $62,100 to $60,900. Following the release of macroeconomic data, the coin fell by 3% over the day. 15-minute BTC/USDT chart on Binance. Data: TradingView. The market reacted negatively to the release of information on job openings and labour turnover in the US for May. […]

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ForkLog 14 24.06.2024

Bitcoin Dips Below $62,000 Amid Mt.Gox Payout News

The trustee of the defunct Mt.Gox exchange, which went bankrupt in 2014, announced plans to begin compensation payments in Bitcoin, Bitcoin Cash, and cash at the start of July. This decision follows the completion of preparatory processes, including technical support, compliance with regulations in each country, and coordination of transfers with each cryptocurrency exchange. Payments […]

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ForkLog 7 21.06.2024

Bitcoin Dips Below $64,000 Mark

On Friday, June 21, the leading cryptocurrency hit a new local low as its price fell below $64,000. June 21, 2024 | 12:55Update: Bitcoin has rebounded to levels above $64,000. The current price is $64,206. 15-minute BTC/USDT chart from Binance. Data: TradingView. 15-minute BTC/USDT chart from Binance. Data: TradingView. Over the past 24 hours, the […]

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ForkLog 7 18.06.2024

Binance CEO Predicts Bitcoin Surpassing $80,000 by Year-End

Richard Teng, CEO of the leading cryptocurrency exchange Binance, shared his belief during a conversation with Bankless that the price of the leading cryptocurrency will surpass $80,000 by the end of the year.

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ForkLog 13 12.06.2024

Federal Reserve Holds Key Rate Steady as Bitcoin Dips Below $69,000

On June 12, the U.S. Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. On the same day, the U.S. Bureau of Labor Statistics released its consumer price report. The index value was below the forecast—3.3% compared to 3.4%. The cryptocurrency market reacted negatively to the […]

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ForkLog 7 12.06.2024

Bitcoin Eyes Return to $70,000 as Inflation Slows

In May, annual inflation in the United States slowed from 3.4% to 3.3%, falling short of the consensus forecast of 3.4%. This marks the lowest rate since April 2021. On a monthly basis, the consumer price index remained unchanged, defying expectations of a 0.3% increase and matching April’s figure. Excluding food and energy prices, the […]

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ForkLog 10 11.06.2024

Record Inflows into Spot Bitcoin ETFs Come to an End

On June 10, investors withdrew $64.9 million from spot Bitcoin exchange-traded funds (ETFs), halting a positive trend that had persisted for 19 days, according to SoSoValue. In total, the longest wave of inflows into BTC-ETFs amounted to approximately $4 billion, with $15.62 billion since the approval of these instruments in January. Data: SoSoValue. Clients of […]

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ForkLog 10 08.06.2024

Bitcoin Price Dips Below $69,000 Amid US Unemployment Data

On Friday, June 7, the price of the leading cryptocurrency fell below $69,000 following the release of US unemployment data. Hourly BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $69,500. Following Bitcoin’s decline, other top-10 cryptocurrencies by market capitalization also fell. Dogecoin and Solana were the hardest hit, […]

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