bitcoin price | ForkLog

ForkLog 15 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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ForkLog 6 04.06.2024

Bitcoin Nears $71,000 Mark

The leading cryptocurrency has resumed its upward trajectory, with the price of digital gold nearing the $71,000 mark. This upward movement was accompanied by a surge in trading volumes. Hourly chart of BTC/USDT on Binance. Data: TradingView. The rise in Bitcoin’s price to around $70,990 has positively impacted the broader market, with blue-chip cryptocurrencies by […]

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ForkLog 19 21.05.2024

Bitcoin Surpasses $70,000 as Ethereum Nears $3,800

During the night of May 20-21, the cryptocurrency market resumed its vigorous recovery. Digital gold increased by more than 6% in a day, while Ether surged by 17%.

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ForkLog 5 04.05.2024

Bitcoin Rebounds to $63,000 Mark

In the early hours of Saturday, May 4, the price of the leading cryptocurrency recovered to $63,000 following a correction to $57,000. Ethereum rose to $3,100. At the time of writing, Bitcoin is trading at $63,000. Over the past 24 hours, the asset has appreciated by 6.5%, according to CoinGecko. Hourly chart of BTC/USDT on […]

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ForkLog 7 03.05.2024

Bitcoin Surges Past $60,000 Following U.S. Labour Market Report

The price of Bitcoin has solidified above the psychological threshold of $60,000. The catalyst for this rise was a U.S. employment report, which shifted expectations for a Federal Reserve rate cut from November to September, according to Bloomberg. According to the Labour Department report, April saw the addition of 175,000 new jobs in the non-farm […]

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ForkLog 29 01.05.2024

Federal Reserve Maintains Key Rate as Bitcoin Climbs to $58,000

On May 1, 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 April 10, the U.S. Bureau of Labor Statistics released a report on consumer prices, showing an index value higher than forecasted—3.5% compared to 3.4%. The cryptocurrency market reacted positively to […]

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ForkLog 13 01.05.2024

Experts See Potential for Cryptocurrency Market Recovery

The primary factors behind the current decline in cryptocurrency prices are stock market sell-offs and a strong dollar index. However, Bitcoin’s brief dip below $57,000 is seen more as a local correction than the onset of a bear phase, according to experts consulted by ForkLog. This analysis explores whether the market still holds potential for […]

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ForkLog 12 01.05.2024

Bitcoin Price Dips Below $57,000

On the morning of Wednesday, May 1, the price of the leading cryptocurrency fell below $60,000. May 1, 2024 | 11:29Update: At one point, digital gold plunged below the $57,000 mark. 5-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the price had dropped to $59,700. Over the past 24 hours, the […]

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ForkLog 10 25.04.2024

AI Predicts Bitcoin’s Potential Surge to $100,000 in 2024

Using Google Cloud’s Vertex AI platform, analysts at Spot On Chain developed forecasts for Bitcoin’s price in 2024-2025. In the context of short-term prospects, experts anticipate that between May and July, the price of the leading cryptocurrency will remain in the range of $56,000-$70,000. This period is expected to be marked by increased volatility, with […]

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ForkLog 20 23.04.2024

QCP Predicts Delayed Post-Halving Impact on Bitcoin

Bitcoin optimists will need to wait at least two months to assess the impact of the reduced reward for miners per block. This was reported by analysts at QCP Capital.

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ForkLog 8 19.04.2024

Bitcoin Rebounds to $64,000 Following Sharp Correction

On the morning of Friday, April 19, the price of the leading cryptocurrency plummeted to $60,000 amid escalating conflict in the Middle East. Within a few hours, the asset’s value recovered to $64,000. At the time of writing, bitcoin is trading at $64,800. 15-minute BTC/USDT chart on Binance. Data: TradingView. The total cryptocurrency market capitalization […]

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ForkLog 12 14.04.2024

Bitcoin Rebounds to $64,000 Following Cryptocurrency Market Crash

On the evening of Saturday, April 13, the price of the leading cryptocurrency fell below $61,000 amid escalating tensions in the Middle East. The following day, digital gold recovered to levels above $64,000. At the time of writing, Bitcoin is trading at $64,600. 5-minute BTC/USDT chart on Binance. Data: TradingView. The total cryptocurrency market capitalization […]

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