Bitcoin | ForkLog

ForkLog 27 27.02.2024

Peter Brandt Raises Bitcoin Forecast to $200,000

Following a breakthrough past the $56,000 mark, technical analyst and head of Factor LLC, Peter Brandt, has revised his forecast for the leading cryptocurrency in 2025 from $120,000 to $200,000. Bitcoin UpdateWith the thrust above the upper boundary of the 15-month channel, the target for the current bull market cycle scheduled to end in Aug/Sep […]

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ForkLog 9 27.02.2024

Spot Bitcoin ETF Trading Volume Hits Record $2.4 Billion

Trading volume of spot ETFs based on digital gold, excluding GBTC, reached a peak of $2.4 billion. BlackRock’s IBIT surged to $1.29 billion, making it attractive to institutional investors. Experts linked activity spikes in other products to high-frequency traders. On February 26, trading turnover of GBTC’s competitors reached a peak of $2.4 billion since the […]

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ForkLog 12 26.02.2024

Weekly Inflows to Crypto Funds Decline to $598 Million

Funds flowing into cryptocurrency investment products from February 17 to 23 amounted to $598 million, following a record $2.45 billion in the previous reporting period, according to a report by CoinShares. Net inflows since the beginning of the year have reached $5.76 billion—55% of the all-time high inflows recorded in 2021. The positive trend continued […]

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ForkLog 18 26.02.2024

MicroStrategy Acquires 3,000 BTC for $155 Million

MicroStrategy has made an additional purchase of 3,000 BTC, as announced by the company’s founder, Michael Saylor. MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. […]

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ForkLog 7 26.02.2024

Bitfinex Highlights Bitcoin’s Appeal as an Inflation Hedge

Bitcoin is gaining traction as a safe-haven asset in countries experiencing persistently high inflation. This was stated by Jag Kooner, head of derivatives at The Block. The expert highlighted the macroeconomic risks this year, which make the purchase of the first cryptocurrency, gold, and silver relevant. “A sustained level of inflation, above the comfort zone […]

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ForkLog 14 23.02.2024

Trump Discusses Bitcoin’s Future in the US and Reveals His Preferred Currency

Former US President and Republican Party leader Donald Trump, in a conversation with Fox News, stated that the current development of Bitcoin will require authorities to introduce specific regulations. According to him, the first cryptocurrency has already “taken on a life of its own.” “Many people are accepting it. I see more and more people […]

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ForkLog 14 23.02.2024

Reddit’s Modest Investments in Bitcoin and Ethereum

The social network Reddit holds an “insignificant” amount of Bitcoin and Ethereum on its balance sheet, invested from surplus reserves. This is stated in the annual report to the SEC. The organization indicated that it may continue this practice. The investments did not exceed the threshold for disclosure in the document. The company also used […]

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ForkLog 12 22.02.2024

Bitcoin Options Traders Bet on Rally to $60,000

Call options on Bitcoin expiring at the end of June are concentrated above the $60,000 strike price, indicating bullish sentiment. This is evidenced by data from Deribit. June Bitcoin call options. Data: Deribit. The chart for the June 28 expiry shows a cluster of call options with strike prices ranging from $60,000 to $75,000. At […]

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ForkLog 6 21.02.2024

Bitcoin ETFs: Industry Perspectives on Competition and Adoption

Nearly a month and a half has passed since the approval of spot exchange-traded funds based on the leading cryptocurrency. ForkLog has gathered opinions from industry representatives on the benefits and risks of this new instrument. 21Shares predicts high competition in the crypto fund market. The CEO of Crystal Intelligence noted increased adoption of digital […]

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ForkLog 87 21.02.2024

Michael Saylor Rules Out Bitcoin Sales from MicroStrategy’s Holdings

Michael Saylor, the founder of MicroStrategy, stated in an interview with Bloomberg that the company has no plans to sell its bitcoin holdings in the near or long term. “There is no reason to sell winners and buy losers,” Saylor noted. In his view, spot ETFs have paved the way for institutional capital in the […]

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ForkLog 13 20.02.2024

Bitcoin Poised to Surpass Gold as a Store of Value, Expert Suggests

A significant influx of capital into exchange-traded bitcoin products poses a long-term threat to gold’s status as the primary store of value, an expert has suggested. This is reported by The Block. Andre Dragos, Head of Research at ETC Group, highlighted the growing divergence between flows related to crypto funds and gold. “This could be […]

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ForkLog 29 20.02.2024

Bitcoin Futures Open Interest Reaches November 2021 Levels

The total open interest in bitcoin futures on centralized exchanges has risen to levels not seen since early November 2021, according to data from CoinGlass.

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