Cryptocurrency Market Forecasts

ForkLog 10 06.08.2024

Expert Warns of Heightened Volatility in Cryptocurrency Market

Implied volatility will remain high until the macroeconomic situation stabilises. The market still considers the possibility of an emergency Federal Reserve meeting, with the chances of a 50 basis point rate cut in September soaring to 78.5%. The cryptocurrency market is set to face increased volatility as the VIX index reaches its highest level since […]

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ForkLog 6 05.08.2024

Experts Identify Bitcoin Support Levels and Growth Conditions

The cryptocurrency market downturn that began on Saturday, August 3, continued into Monday, August 5. At the time of writing, Bitcoin’s price stands at $52,475, having dropped more than 24% in a day, according to CoinGecko. Ethereum lost 20% over the same period, trading at $2310. ForkLog consulted experts to discuss the reasons behind the […]

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ForkLog 8 03.08.2024

Coinbase Analysts Attribute Bitcoin’s Decline to Seasonal Trends

The cryptocurrency market has encountered a typical August downturn, according to analysts from the bitcoin exchange Coinbase, reports The Block. “In August, seasonality usually does not favour cryptocurrencies,” stated analysts David Duong and David Han in a note. They noted that historically, this month has seen a decline in market activity. In August 2023, the […]

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ForkLog 48 02.08.2024

Former Uphold CEO Backs Kamala Harris’s Presidential Aspirations

Board member and former CEO of the bitcoin exchange Uphold, J.P. Thieriot, has expressed support for U.S. Vice President Kamala Harris in her bid for the presidency, according to CoinDesk. Thieriot plans to raise funds and secure industry endorsement for her candidacy. This initiative aims to counteract the impact of recent positive comments about the […]

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ForkLog 10 01.08.2024

Bitcoin’s Resilience Forecast Amid Rising Hashrate

The surge in Bitcoin’s hashrate to record levels is expected to contribute to the stability of its price, according to CryptoQuant. “The metric’s drop from its historical maximum is only 3% compared to 8% as of July 9, and the recovery of the hashrate is usually associated with a sustained rally,” explained the specialists. Data: […]

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ForkLog 91 28.07.2024

Michael Saylor Predicts Bitcoin to Reach $13 Million by 2045

The price of the leading cryptocurrency is projected to hit $13 million by 2045, according to MicroStrategy founder Michael Saylor during his speech at the annual Bitcoin 2024 conference in Nashville, reports Cointelegraph. He noted that with Bitcoin’s current price around $65,000, its market capitalization stands at $1.3 trillion—merely 0.1% of global wealth. With an […]

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ForkLog 12 25.07.2024

VanEck Predicts Bitcoin Could Reach $2.9 Million by 2050

According to VanEck’s “base scenario,” the price of the leading cryptocurrency could reach $2.9 million by 2050, driven by its adoption as a global medium of exchange and reserve currency. We outline the scenarios and assumptions for 7-figure #Bitcoin driven by its role as a global medium of exchange and reserve currency supported by Bitcoin […]

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ForkLog 14 25.07.2024

10x Research Identifies Emerging Issues Following Ethereum Sell-off

The sharp decline in Ethereum following the launch of spot ETFs signals emerging issues, according to 10x Research. #Ethereum Crashing -> what’s going on? https://t.co/ciaqYVYuZh pic.twitter.com/czrg8YRwW6 — 10x Research (@10x_Research) July 25, 2024 According to analysts, the sell-off largely mirrors the familiar pattern observed during the launch of exchange-traded funds based on digital gold. Experts […]

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ForkLog 11 23.07.2024

Crypto Firms Pin Hopes on a Second Trump Presidency

Bitcoin miners and cryptocurrency companies, previously hindered from going public in the US, stand to benefit from a second term of Donald Trump. This is according to Bloomberg. “Almost everyone in America will benefit if they choose to operate under new rules after their implementation,” says Christian Catalini, founder of the MIT Cryptoeconomics Lab. In […]

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ForkLog 9 22.07.2024

Bernstein Highlights Bitcoin’s Undervaluation Amid Potential Trump Victory

Bitcoin has yet to fully appreciate the potential positive shift in the regulatory landscape should Republican candidate Donald Trump win the U.S. presidential election, according to Bernstein, as reported by The Block. “We see significant growth potential for digital assets through institutional investments,” the experts wrote. Analysts noted the “return of BTC-ETF momentum”—inflows into products […]

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ForkLog 8 22.07.2024

Expert Warns of Ethereum Pullback Risks Following ETF Launch

Ethereum options have seen a sharp rise in implied volatility (IV). According to Valentin Fournier from BRN, this suggests a risk of a sell-off wave following the ETF launch, with a gradual recovery thereafter, reports The Block. The SEC approved July 23 as the start date for trading spot exchange-traded funds based on the second-largest […]

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ForkLog 8 22.07.2024

JPMorgan Questions Bitcoin’s Sustained Growth

The recent rise in cryptocurrency prices is likely tactical and not the start of a prolonged upward trend, according to conclusions drawn by JPMorgan, as reported by The Block. Experts noted that the current bitcoin price significantly exceeds its mining cost (~$43,000) and appears inflated compared to the “fair” price adjusted for volatility relative to […]

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