bitcoin price | ForkLog

ForkLog 14 22.02.2024

JPMorgan Analysts Identify Key Drivers of Bitcoin’s Bullish Rally

The recent surge in cryptocurrency prices is primarily driven by impulsive decisions of retail traders rather than institutional investors or fundamental market factors, according to The Block, citing analysts from JPMorgan.

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ForkLog 10 19.02.2024

Five Catalysts That Could Propel Bitcoin Beyond $70,000

The leading cryptocurrency has an 85% chance of reaching a new all-time high within the next six months, driven by several factors. This was stated by Lucas Outumuro, head of research at IntoTheBlock. “Given the recent momentum, market participants are wondering when the ATH will be reached. […] There are five main catalysts that could […]

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ForkLog 7 16.02.2024

Factors Driving Bitcoin’s Surge to $52,000 Identified by Analysts

Two primary factors led to Bitcoin breaking through the key resistance level of $48,000 in February and reaching above $52,000, according to analysts at QCP Capital. One factor was the inflow of funds into spot ETFs based on the first cryptocurrency. At the end of January, the market returned to a “net inflow territory.” On […]

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ForkLog 14 14.02.2024

Bitcoin Surpasses $51,000 as Market Capitalization Exceeds $2 Trillion

On Wednesday, February 14, the price of the leading cryptocurrency exceeded $51,000 for the first time since December 2021. The asset’s capitalization reached $1 trillion, according to CoinGecko. February 14, 2024 | 19:04Update: The price of Bitcoin tested $52,000 but failed to maintain above this level. 15-minute BTC/USDT chart on Binance. Data: TradingView. The second-largest […]

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ForkLog 12 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 32 13.02.2024

Tuur Demeester Predicts Bitcoin Reaching $600,000 by 2026

Bitcoin early adopter Tuur Demeester has suggested that the leading cryptocurrency could reach $600,000 by 2026.

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ForkLog 16 13.02.2024

US Inflation Exceeds Forecasts, Bitcoin Declines

In January, the US inflation index reached 3.1%. This figure surpassed the forecast of 2.9% but was an improvement over the previous month’s 3.4%. Experts noted that a slower pace towards the 2% target could influence the Fed’s policy on the key interest rate. BREAKING: Prediction markets are now pricing-in just 4 rate cuts in […]

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ForkLog 58 13.02.2024

Fear and Greed Index Reaches November 2021 Levels

Amid Bitcoin’s rise to $50,000, the cryptocurrency fear and greed index reached a level of 79, marking its highest point since late autumn 2021.

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ForkLog 14 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 8 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 17 12.02.2024

Bitcoin Price Surpasses $49,000

On Monday, February 12, the price of the leading cryptocurrency exceeded $49,000. At its peak, the asset reached $49,139 on the Binance exchange. February 12, 2024 | 19:07Update: The price of Bitcoin hit $49,800, nearing the $50,000 mark. 15-minute BTC/USDT chart from Binance. Data: TradingView. The current price is $48,828. Over the past 24 hours, […]

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ForkLog 27 12.02.2024

Bitcoin after the halving: where next for the price?

In the second half of April the next halving of the first cryptocurrency will take place. Many market participants await the event with optimism, seeing it as no less significant than the launch of spot bitcoin ETFs in the United States. Halving the block reward from 6.25 BTC to 3.125 BTC will make digital gold […]

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