bitcoin price | ForkLog

ForkLog 8 09.02.2024

Bitcoin Surpasses $47,000

On the morning of February 9, the price of the leading cryptocurrency held above $46,000. February 9, 2024 | 14:58Update: Bitcoin’s price continued its upward trajectory, surpassing $47,000. At the time of writing, the asset is near $47,200, having gained 5.4% in the past 24 hours (CoinGecko). 15-minute BTC/USDT chart from Binance. Data: TradingView. February […]

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ForkLog 8 08.02.2024

Bitcoin Price Climbs Back to $45,000

The leading cryptocurrency has once again shown robust growth, stabilizing above the $45,000 mark.

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ForkLog 11 05.02.2024

Bitcoin to Become Scarcer Than Gold: Expert Predicts $500,000 Valuation

Following the upcoming halving, Bitcoin is expected to become scarcer than gold and real estate, potentially reaching a price of around $500,000, according to popular blogger PlanB. After April halving, bitcoin will be scarcer than gold and real estate. It would surprise me if bitcoin market cap ($10T). This implies a BTC price >$500k (>$10T/20m). […]

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ForkLog 14 05.02.2024

Bitcoin Faces Potential Correction Risks Post-Halving, Experts Warn

Bitcoin is expected to “test investors’ resolve” with a sell-off following the halving, only to reach a new ATH in the fourth quarter. This forecast was presented by analysts at DecenTrader. Experts attribute these expectations to the “classic behavior” of the leading cryptocurrency in the year when miners’ rewards are halved. They noted that the […]

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ForkLog 9 01.02.2024

Analyst Predicts Bitcoin Rally Duration Post-Halving

Should historical trends hold true for the upcoming halving, Bitcoin is expected to reach a new ATH between April and October 2025, according to an analyst known as Ali. As we approach the #BitcoinHalving in April 2024, here are four key points to consider: 1⃣Post-halving corrections: After the 2016 and 2020 halvings, #BTC experienced corrections […]

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ForkLog 11 31.01.2024

Federal Reserve Maintains Key Rate; Bitcoin Price Remains Stable

On January 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. According to the Fed, inflation has decreased over the past year but remains elevated. The agency also noted the low unemployment rate. In the long term, the Fed aims for 2% […]

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ForkLog 15 29.01.2024

Bitcoin’s Potential Retreat to $20,000: An Expert’s View

The price of Bitcoin is expected to drop to a range of $30,000-$36,000 before potentially reaching a local bottom around $20,000, according to Placeholder partner Chris Burniske. Continue to think we go lower to consolidate than most people expect due to variables that are too many to explain in detail via tweet (eg, crypto-market specific, […]

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ForkLog 9 27.01.2024

Bitcoin Tests $42,000 Level

In the early hours of Saturday, January 27, the price of the leading cryptocurrency surpassed the $42,000 mark but failed to maintain it. At the time of writing, Bitcoin is trading at $41,700. Hourly chart of BTC/USDT on Binance. Data: TradingView. The market capitalization of digital gold stands at $818 billion. The total cryptocurrency market […]

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ForkLog 6 26.01.2024

JPMorgan Foresees Bitcoin Stabilization as GBTC Sales Dwindle

The downward trend of Bitcoin appears limited as profit-taking in GBTC has largely concluded, according to JPMorgan analysts, reports The Block. This assessment is based on the $4.3 billion outflow from the product since its conversion from a trust to an ETF, surpassing the bank’s forecast of $3 billion. Inflows and outflows dynamics in spot […]

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ForkLog 7 24.01.2024

CoinShares Analysts Predict Bitcoin Surge to $58,700

Approval of a spot Bitcoin ETF and the anticipated easing of the Fed’s monetary policy in the first half of 2024 will drive the price of digital gold to approximately $58,700, according to CoinShares analysts in their annual report. The experts presented a matrix showing the correlation between inflows as a percentage of AUM for […]

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ForkLog 20 23.01.2024

Rival Bitcoin ETFs Attract Over 100,000 BTC

Nine “new” spot Bitcoin ETFs have attracted 109,221 BTC. Due to GBTC sales, net outflows from instruments on January 22 reached 4,537 BTC ($179.6 million). Traders do not rule out a decline in Bitcoin to $36,000. The volume of coins held by spot Bitcoin ETFs, excluding the Grayscale Bitcoin Trust (GBTC), has reached 109,221 BTC […]

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ForkLog 9 23.01.2024

Bitfinex Analysts Warn of Bitcoin’s Potential Decline to $36,000

The breach of the $39,000 level has increased pressure on Bitcoin’s price from speculators, according to analysts at the cryptocurrency exchange Bitfinex.

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