bitcoin price | ForkLog

ForkLog 17 23.01.2024

FTX Offloads $908 Million in GBTC Shares Amid Bankruptcy Proceedings

FTX sold $908 million worth of GBTC shares. Outflows from GBTC have surged to $3.45 billion. Panic selling has emerged, yet the market remains relatively balanced. Amid bankruptcy proceedings, FTX has offloaded 22.3 million shares of GBTC valued at approximately $908 million as of January 11. This was reported by CoinDesk, citing informed sources. FTX’s […]

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ForkLog 8 23.01.2024

Bitcoin Tests $40,000 Support Level

The price of the leading cryptocurrency continued its correction, falling to early December levels.

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ForkLog 8 22.01.2024

Arthur Hayes Predicts Bitcoin’s Fall Below $40,000

The leading cryptocurrency is expected to drop below $40,000, with the decline continuing until January 31, when the US Treasury announces its quarterly borrowing plan. This forecast was made by former BitMEX CEO Arthur Hayes. $BTC looks mad heavy. I think we break $40k. I went long some 29Mar $35k strike puts. I think we […]

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ForkLog 16 13.01.2024

Bitcoin Dips Below $43,000 Amid ETF Criticism

In the early hours of January 13, Bitcoin’s price momentarily fell below $42,000. At the time of writing, the cryptocurrency is trading at $43,100. Hourly BTC/USDT chart on Binance. Data: TradingView. Top-10 digital assets by market capitalization followed Bitcoin’s lead. Avalanche and Solana saw the largest declines over the past day, losing 7.1% and 5.8% […]

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ForkLog 21 11.01.2024

Bitcoin Price Surpasses $48,000 Amid ETF Launch

Amid the launch of spot Bitcoin ETFs on US stock exchanges, the price of the leading cryptocurrency has surpassed the $48,000 mark.

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ForkLog 8 11.01.2024

Bitcoin’s Price Trajectory Post-Spot ETF Launch: Expert Insights

The muted response of Bitcoin to the SEC’s approval of spot exchange-traded funds (ETFs) based on the leading cryptocurrency was anticipated. However, in the long run, this development is expected to attract substantial institutional investments and significantly impact the coin’s valuation, experts consulted by ForkLog have stated. The Significance of Bitcoin ETFs and Their Impact […]

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ForkLog 27 09.01.2024

Bitcoin Price Tests $47,000 Level

On the evening of January 8, the leading cryptocurrency reached a new local high, with its price exceeding $47,000 for the first time since April 2022.

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ForkLog 15 08.01.2024

Arthur Hayes Predicts Potential 30% Bitcoin Correction

In the coming months, Bitcoin’s price may face a 20-30% correction due to reduced dollar liquidity, warned former BitMEX CEO Arthur Hayes in a statement. In a Substack article, he outlined potential risks for American banks and markets that could emerge in early spring. According to Hayes, by early March, the balance of the Federal […]

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ForkLog 8 04.01.2024

CryptoQuant Analysts Warn of Potential Bitcoin Price Correction

Bitcoin’s price has partially recovered after a brief dip below $41,000 on January 3. Despite this, risks of a new correction remain due to a potential wave of unrealized profit-taking, reports The Block, citing a CryptoQuant report. The resurgence of the leading cryptocurrency is fueled by ongoing anticipation of the U.S. SEC’s approval of spot […]

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ForkLog 7 02.01.2024

Bitcoin Surpasses $45,000 Mark

The leading cryptocurrency has stabilized above the $45,000 level, with the price increase accompanied by a surge in trading volumes. Hourly chart of BTC/USDT on Binance. Data: TradingView. The last time digital gold traded at such high levels was in early April 2022, before the Terra collapse and the subsequent contagion in the crypto industry. […]

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ForkLog 13 20.12.2023

Bitcoin tests the $44,000 level

On December 20, Bitcoin briefly traded at $44,200. The asset's market capitalization stands at $862 billion.

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ForkLog 7 13.12.2023

Fed holds key rate. Bitcoin barely moved.

On December 13, the U.S. Federal Reserve (Fed) held the target range for the federal funds rate at 5.25–5.5%.

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