Bitcoin | ForkLog

ForkLog 9 15.01.2024

Bitcoin’s Bearish Scenario Deemed Unlikely by Experts After Dip Below $42,000

The leading cryptocurrency plummeted by 15% following the launch of spot Bitcoin ETFs. Experts consulted by ForkLog suggested further declines and noted a shift of funds into altcoins. Despite bullish sentiment preceding the approval of spot Bitcoin ETFs, the leading cryptocurrency fell nearly 15% after their launch—from $49,000 to $41,500. 15-minute BTC/USDT chart on Binance. […]

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ForkLog 10 15.01.2024

Crypto Fund Investments Near Record High Amid ETF Launch

Inflows into cryptocurrency investment products from January 6 to 12 rose to $1.19 billion, approaching the historical peak of $1.5 billion during the launch of futures ETFs in October 2021, according to a report by CoinShares. Data: CoinShares. Trading volumes reached an all-time high of $17.5 billion. For comparison, in 2022, the average figure was […]

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ForkLog 11 15.01.2024

Bitcoin Faces Potential Correction to $38,000, Analysts Warn

The divergence between Bitcoin’s price and the RSI indicator may signal risks of further decline towards the dynamic support at $38,000, according to 10x Research, as reported by CoinDesk. Following the approval of spot Bitcoin ETFs, prices fell by 5% to $42,600, confirming the classic “sell the news” phenomenon, experts noted. This was preceded by […]

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ForkLog 12 15.01.2024

Fidelity Sees Benefits for DeFi and Stablecoins in Potential Fed Rate Cuts

Institutions may renew their interest in DeFi products and stablecoins if yields in TradFi decline due to the policies of the Federal Reserve. This forecast was presented by Fidelity. Analysts noted that the Federal Reserve’s rate hikes have driven institutions away from the crypto space towards safer traditional fixed-income instruments. According to the report, DeFi […]

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ForkLog 17 12.01.2024

Fifteen Years Since the First Bitcoin Transaction

Fifteen years ago, on January 12, 2009, the creator of Bitcoin, known by the pseudonym Satoshi Nakamoto, conducted the first cryptocurrency transaction, sending 10 BTC to cryptographer Hal Finney. First #bitcoin transaction from Satoshi Nakamoto to Hal Finney.https://t.co/Rfpp0PgL0x — bitcoin-bill.org (@SatoshisQuest) January 12, 2024 Hal Finney collaborated with PGP Corporation for many years, developing encryption […]

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ForkLog 11 11.01.2024

Bitfinity’s Bitcoin Scaling Network Valued at $130 Million

The blockchain project Bitfinity, which is developing a second-layer Bitcoin network based on Internet Computer, has raised $7 million in funding, reports The Block.

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ForkLog 13 11.01.2024

US Inflation Accelerates as Bitcoin Ignores Economic Data

Annual inflation in the US accelerated to 3.4% in December, surpassing the consensus forecast of 3.2% and the previous month’s figure of 3.1%. On a monthly basis, the consumer price index rose by 0.3%, a rate three times faster than in November. This figure also exceeded economists’ expectations of 0.2%. Data: CNBC. The index excluding […]

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ForkLog 27 11.01.2024

Elon Musk Considers Bitcoin for Martian Economy

Billionaire Elon Musk has entertained the idea of using cryptocurrencies, including Bitcoin, as a monetary unit on Mars. Elon answers what money he would use on Mars: pic.twitter.com/VJQeIM0qqJ — Sam Callahan (@samcallah) January 11, 2024 The businessman made this statement at a conference focused on the approval of a spot Bitcoin ETF by ARK Invest. […]

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ForkLog 23 11.01.2024

Bitwise and VanEck to Allocate ETF Profits to Bitcoin Development

Bitwise Asset Management has pledged to allocate 10% of the profits from its Bitwise Bitcoin ETF to the development of open-source Bitcoin projects. Bitwise will donate 10% of the profits of the Bitwise Bitcoin ETF (ticker: BITB) to bitcoin open-source development. Recipient orgs:— @BitcoinBrink— @OpenSats— @HRF Bitcoin is important to the future. We’re excited for […]

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ForkLog 57 11.01.2024

SEC Approves All 11 Spot Bitcoin ETF Applications

The SEC has approved all 11 applications for spot Bitcoin ETFs, with trading set to begin on January 11. Issuers and the crypto community have expressed optimism about the launch of these new products. Experts have discussed the potential developments following this approval. On the evening of January 10, the U.S. Securities and Exchange Commission […]

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ForkLog 11 10.01.2024

Bitcoin ETF Approval Diminishes Likelihood of Sell-Offs, Say Experts

Following a wave of long position liquidations, the anticipated sell-off after the expected approval of spot Bitcoin ETFs by the SEC is now less certain. Analysts at K33 Research have reached this conclusion. They believe the cascade of forced long closures has “sharply improved market conditions.” According to their observations, from January 2 to 6, […]

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ForkLog 18 09.01.2024

Bitcoin Diverges from Nasdaq Amid ETF Anticipation

The 40-day correlation between Bitcoin and the Nasdaq 100 index has dropped to zero, according to calculations by CoinDesk.

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