Market Analysis | ForkLog

ForkLog 26 15.01.2025

CoinGecko sets out seven key takeaways from 2024

The crypto-data aggregator CoinGecko has published seven key takeaways from the past year, rendered in charts and numbers. Crypto-market capitalisation Total crypto-market capitalisation rose 97.7% in 2024, peaking at $3.91 trillion in mid-December before consolidating around $3.4 trillion. Data: CoinGecko. In the fourth quarter, market cap added 45.7% ($1.07 trillion). Average trading volume over the […]

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ForkLog 17 15.01.2025

Bitcoin jumps above $99,000 as US inflation ticks up

In December 2024, US inflation rose by 0.4%. Year on year, the CPI increased by 2.9%. Core inflation excluding food and energy rose 3.2% year on year and 0.2% month on month. Services prices excluding shelter and energy increased by 0.3%. The data published by the US Bureau of Labor Statistics (BLS) matched analysts’ expectations. […]

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ForkLog 10 14.01.2025

Analysts foresee a ‘powerful rebound’ for bitcoin

The current correction is nearing its end, signalled by a potential 14 January close for the leading cryptocurrency above $91,000, according to trader Rekt Capital. #BTC Bitcoin is in its first Price Discovery Correction Here is a look at historical first Price Discovery Corrections: 2013: -75% in 13 weeks 2017: -34% in 3 weeks 2021: […]

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ForkLog 7 14.01.2025

Outflows from spot bitcoin ETFs top $1bn in three days

On 13 January, spot bitcoin ETFs saw $284.2m in outflows. Over the past three days, investors have withdrawn a total of $1.02bn. Data: SoSoValue. Cumulative inflows since the approval of BTC ETFs in January have fallen to $35.93bn. AUM across the products fell to $105.1bn. IBIT accounts for 48.9% ($51.5bn) of that total. Together with […]

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ForkLog 71 13.01.2025

CEX spot volumes surged 139% in 2024

Spot trading volumes on centralized exchanges (CEXs) rose 139% in 2024 from the previous year, WuBlockchain said in its annual report. Totals were about $7.68 trillion in 2023 and $18.38 trillion in 2024. Spot trading volumes on centralized exchanges, 2023–2024. Source: WuBlockchain. Crypto.com led growth with a 960% increase. Bybit ranked second at 392%, Gate […]

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ForkLog 63 13.01.2025

Laser Digital sees a strong 2025 for crypto ETFs

Analysts at Laser Digital expect 2025 to be a strong year for crypto ETFs worldwide. In its January Laser Focus report, the firm highlighted 12 applications from crypto exchange-traded fund issuers already awaiting review by the SEC. Among the anticipated launches are a ProShares ETF, as well as derivatives based on Litecoin, Hedera, XRP and […]

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ForkLog 25 13.01.2025

US labour data all but erased inflows into crypto funds

From 4 to 10 January, digital-asset investment funds took in $44.2m. Macro data from the United States set a muted tone for the new year, according to CoinShares. Data: CoinShares. By the firm’s calculations, until the publication of the “hawkish” minutes from the latest the Fed meeting (8 January), inflows totalled roughly $1bn. The US […]

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ForkLog 10 11.01.2025

Glassnode: long-term holders keep selling bitcoin, but at a slower pace

Even with prices about 12% below ATH, long-term holders of the first cryptocurrency (LTHs) are still distributing, but at a slower pace, Glassnode analysts wrote. Even at prices about 12% below ATH, #Bitcoin Long-Term Holders (LTHs) are still distributing, but at a slower rate. Yet, the 30-day percent change in LTH supply suggests that the […]

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ForkLog 25 09.01.2025

CryptoQuant names the key metric for a bull-run revival

Sustained trading of Bitcoin below $90,000 would shake investor confidence and spur selling, according to a report by CryptoQuant. Analysts noted mounting doubts after a failed attempt to break the all-time high at $108,000. Fading optimism is reflected in a marked decline in perpetual funding rates. The lack of a rebound to previous levels has […]

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ForkLog 70 09.01.2025

Spot bitcoin ETFs see the largest outflow in three weeks

On January 8, outflows from spot bitcoin exchange-traded funds totaled $582.9 million. Over the preceding four days, investors had put $1.95 billion into the products. Data: SoSoValue. The largest outflow was from Fidelity’s FBTC ($285.7 million) — the biggest on record. Cumulative inflows since the approval of BTC ETFs in January reached $36.37 billion. AUM […]

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ForkLog 12 09.01.2025

US bitcoin holdings exceed overseas by 65%

Private and government organisations in the US control 65% more bitcoin than all comparable foreign entities combined, said CryptoQuant chief Ki Young Ju. Researchers compared the aggregate bitcoin holdings of miners, exchanges, ETFs, companies such as MicroStrategy, government bodies and other organisations inside and outside the US. According to CryptoQuant, the US total overtook the […]

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ForkLog 19 09.01.2025

A decisive close above $100,000 would avert a slide to $78,000, says analyst

A decisive close for the leading cryptocurrency above $100,000 would neutralise the bearish scenario of a drop to $78,000, according to analyst Ali Martinez. Yesterday, #Bitcoin breached the right shoulder of a head-and-shoulders pattern, invalidating the bearish setup. However, today’s reversal erased those gains, dragging $BTC back below the right shoulder and reigniting bearish concerns.https://t.co/B6bPCfLNjy […]

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