Bitcoin | ForkLog

ForkLog 8 21.03.2024

Bitcoin Spot ETF Outflows Persist for Third Consecutive Day

On March 20, the total net outflow from Bitcoin spot ETFs amounted to $261 million, continuing a negative trend for the third consecutive day. According to SoSoValue data, on March 20, the total net outflow of Bitcoin spot ETFs was $261 million, marking three consecutive days of net outflows. The ETF GBTC had a single-day […]

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ForkLog 8 20.03.2024

Argentine Demand for Bitcoin Reaches 20-Month High

Weekly Bitcoin purchases in Argentina on the popular local exchange Lemon have reached a 20-month peak with 35,000 transactions, doubling the average for 2023, according to Bloomberg. Source: Bloomberg. A similar trend is observed on other platforms like Ripio and Below. According to the agency, Argentines are striving to protect their personal funds from inflation, […]

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ForkLog 10 19.03.2024

Bitwise Predicts Imminent Access to Bitcoin ETFs for Major Investment Platforms

Within weeks, a leading investment platform is expected to offer access to a Bitcoin ETF. The delay in approving Ethereum ETFs is likely to result in significant inflows due to Wall Street’s better preparation for the product. In the coming weeks, a major investment platform may announce support for a spot Bitcoin ETF, according to […]

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ForkLog 11 19.03.2024

Bitcoin Price on BitMEX Dips to $8,900 Amid Large Sell-Off

The cryptocurrency exchange BitMEX experienced a sharp drop in the spot price of Bitcoin against USDT, falling below $8,900. Someone just dumped 400+ BTC over 2 hours in 10-50 BTC clips on the XBTUSDT pair on Bitmex eating 30%+ slippage. They must’ve lost $4m+ at least. pic.twitter.com/g64NRQ4h5a — syq (@syq) March 18, 2024 “Someone just […]

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ForkLog 13 19.03.2024

Bitfinex Highlights Altcoin Strength and Ethereum Weakness

Analysts noted a decline in demand for bitcoin ETFs, coinciding with the fall of the leading cryptocurrency. Altcoins show resilience, while Ethereum demonstrates “disappointing dynamics.” The ongoing decline of Bitcoin since March 14th will test “institutional appetite,” potentially leading to a period of price redistribution across the broader crypto market, according to analysts from Bitfinex […]

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ForkLog 10 19.03.2024

Japan’s $1.5 Trillion Pension Fund Explores Bitcoin Diversification

The Government Pension Investment Fund of Japan (GPIF), managing assets worth ~$1.5 trillion, is considering portfolio diversification options, including the first cryptocurrency. Breaking: Japan’s Government Pension Investment Fund, the world’s largest pension fund with $1.5 trillion under management, announced that it will seek information on business diversification, including Bitcoin, gold, forests and farmland. This announcement […]

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ForkLog 11 19.03.2024

CoinShares Predicts Imminent Demand Shock for Bitcoin

In the short term, Bitcoin is expected to experience a surge in ETF inflows from registered investment advisors (RIA). This scenario was considered by James Butterfill, Head of Research at CoinShares. “Typically, platforms used by RIAs require three months of trading data before they can include an instrument. Thus, there may be an influx of […]

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ForkLog 11 19.03.2024

Bitcoin’s Path to $200,000 Deemed Achievable by 10T Holdings CEO

Bitcoin could easily reach $200,000 due to ETF inflows and the halving event, according to a forecast by Dan Tapiero, CEO of 10T Holdings, in an interview with The Block. “I don’t think this expectation is that crazy,” he shared. The potential for a threefold increase from the current price roughly aligns with the percentage […]

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ForkLog 10 18.03.2024

Weekly Inflows to Crypto Products Reach Record $2.92 Billion

Inflows into cryptocurrency investment products from March 9 to 15 amounted to $2.92 billion, up from $2.69 billion in the previous reporting period, according to a report by CoinShares. This positive trend has continued for the seventh consecutive week. Data: CoinShares. Year-to-date inflows have reached $13.2 billion, compared to $10.6 billion for the entire year […]

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ForkLog 20 18.03.2024

Standard Chartered Raises Bitcoin and Ethereum Targets for 2024 to $150,000 and $8,000

Analysts at Standard Chartered have revised their year-end 2024 target for Bitcoin upwards from $100,000 to $150,000, with Ethereum potentially reaching $8,000 by the same time. This is according to a report cited by CoinDesk. The upgrade follows the excitement surrounding spot Bitcoin ETFs and the sharp rise in the asset’s price since January. By […]

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ForkLog 65 18.03.2024

What are Bitcoin L2 scaling solutions?

Layer-two solutions are designed to boost the digital gold network’s performance and broaden its capabilities.

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ForkLog 35 18.03.2024

Vanguard CEO Warns Against Bitcoin ETFs Citing Asset’s Speculative Nature

Tim Buckley, CEO of investment giant Vanguard, remains opposed to spot exchange-traded funds (ETFs) based on the leading cryptocurrency due to the asset’s volatile nature. He expressed this view in a video address to clients. Buckley cautioned against including Bitcoin ETFs in retirement investment portfolios, labeling the coin as “speculative.” In his view, digital gold […]

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