Macroeconomics | ForkLog

ForkLog 6 08.10.2024

Bitfinex Highlights Reduced Risk of Bitcoin’s “Sudden Drop”

The decline of Bitcoin from $66,500 to $60,000 last week is seen as a “healthy pullback” that reduces the risk of a “sudden drop” in the coming days and weeks, according to Bitfinex. Experts observed a 10% drop as a sign of “cautious sentiment” among investors. They believe buyers may still seek opportunities to consolidate […]

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ForkLog 7 07.10.2024

Fed Rate Uncertainty Triggers Crypto Fund Outflows

From September 29 to October 5, cryptocurrency investment funds experienced outflows totaling $147 million, following an inflow of $1.29 billion the previous week, according to CoinShares. Data: CoinShares. This negative trend emerged after three weeks of inflows. Experts noted that stronger-than-expected macroeconomic data reduced the likelihood of significant monetary policy easing, leading to deteriorating investor […]

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ForkLog 8 07.10.2024

QCP Capital Highlights Inflation Data’s Impact on Bitcoin’s Trajectory

Consumer inflation data in the United States on October 10 will determine the Federal Reserve’s next move following its November meeting, according to QCP Capital. 5/ Read more about the week ahead here: https://t.co/EnPoo2suiA — QCP (@QCPgroup) October 7, 2024 Experts noted that a strong employment report on October 4 led to a reduction in […]

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ForkLog 8 07.10.2024

US Labour Market Report Boosts Bitcoin Towards $64,000

On the night of October 7, Bitcoin approached the $64,000 mark. The drivers were positive data from the US labour market last Friday and expectations of a Federal Reserve rate cut in November, writes The Block. Experts noted that ongoing geopolitical tensions in the Middle East pose a risk to the rally of the leading […]

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ForkLog 60 04.10.2024

Expert Advocates Buying Bitcoin Amidst Decline

The current correction in Bitcoin is “insubstantial” compared to previous price pullbacks and should be seen as an opportunity to increase long positions, according to Quinn Thompson, CEO of Lekker Capital. I don’t usually give very short-term views, but seems like a no-brainer to be bidding this area with clear invalidation on the back of […]

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ForkLog 5 03.10.2024

QCP Capital Predicts Bitcoin May Drop to $55,000 Amid Geopolitical Tensions

Despite escalating geopolitical tensions in the Middle East, investor sentiment remains positive, according to QCP Capital. “Geopolitics […] may capture attention, but the shallow sell-off following the conflict’s escalation suggests the market still favours risk assets. This minor setback should not distract from the bigger picture,” the experts noted. Analysts warned that further deterioration in […]

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ForkLog 9 01.10.2024

QCP Capital Anticipates Continued Bitcoin Growth in October

Stimulus measures from China’s central bank and a rate cut by the Fed are expected to maintain optimism towards risk assets, including stocks and bitcoin, in October, according to QCP Capital, reports The Block. Analysts noted a 7.3% increase in the price of digital gold in September, defying seasonal trends. Data: Coinglass. This performance was […]

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ForkLog 10 01.10.2024

CryptoQuant Identifies Factors Behind Bitcoin’s Retreat from $66,000

The decline of the leading cryptocurrency by over 3% on September 30 is attributed to a long squeeze in the perpetual contracts market. This view is held by CryptoQuant, reports The Block. The surge in liquidations of long positions coincided with a wave of caution in stock markets due to rising expectations of a key […]

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ForkLog 8 30.09.2024

Fed Chair’s Speech and US Employment Data to Influence Bitcoin’s Trajectory

The upcoming speech by Federal Reserve Chair Jerome Powell on September 30 and the US employment report at the end of the week are poised to be pivotal factors for the cryptocurrency market in the coming days, according to The Block. Rachel Lucas from BTC Markets attributed the retreat from the $66,500 mark reached on […]

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ForkLog 8 26.09.2024

Standard Chartered Highlights Bullish Signals for Bitcoin

The reduction in the inversion of the US Treasury yield curve is creating conditions for strengthening positions in risk assets, including bitcoin. This conclusion was reached by Standard Chartered, reports The Block. The optimism was spurred by the Federal Reserve’s decision to cut the key rate by 50 basis points following the meeting on September […]

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ForkLog 32 25.09.2024

QCP Capital Sees Potential Cryptocurrency Surge Amid Chinese Stimulus

China is poised to introduce additional stimulus measures, which could bolster the growth of risk assets, including cryptocurrencies, according to QCP Capital. On September 24, the People’s Bank of China (PBOC) announced monetary policy easing, including rate cuts on several instruments and a reduction in reserve requirements. This latest move has freed up approximately 1 […]

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ForkLog 8 24.09.2024

Analysts Note Shift Towards Ethereum Calls Amid Chinese Central Bank Stimulus

The ETH/BTC exchange rate has risen from Friday’s 0.038 to the current 0.0415, with market interest shifting from puts to calls, according to QCP Capital. Experts highlighted that the implied volatility in contracts for the second-largest cryptocurrency by market capitalization exceeds that of Bitcoin by 9%. In their view, this indicates improved sentiment and potentially […]

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