Market Analysis | ForkLog

ForkLog 4 17.12.2024

Ethereum ETF Inflows Continue Unabated for 16 Days

On December 16, inflows into spot exchange-traded funds based on Ethereum amounted to $51.1 million. Over the past 16 days, investors have poured $2.3 billion into these products. Data: SoSoValue. Since the launch, these instruments have attracted $2.32 billion. Assets Under Management have grown to $14.3 billion. The leaders are Grayscale’s ETHE ($5.87 billion) and […]

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ForkLog 3 16.12.2024

Crypto Funds See Tenth Consecutive Week of Inflows

Between December 8 and 14, cryptocurrency investment funds attracted $3.2 billion, following a record $3.85 billion the previous week, according to CoinShares. Data: CoinShares. Year-to-date inflows have reached a record $44.5 billion. Assets under management also hit an all-time high of $167.4 billion. Over the past week, investors added $2 billion to instruments based on […]

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ForkLog 7 13.12.2024

Binance Projects Significant Fund Inflows for 2024

Since the beginning of the year, fund inflows to Binance have reached $21.7 billion—nearly 40% more than the $15.9 billion combined total of the next 10 exchanges in the ranking. This is according to a report from the platform. Source: Binance. Binance’s global customer base has grown to 250 million users. According to CryptoQuant, the […]

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ForkLog 6 12.12.2024

Net Inflows to Spot Bitcoin ETFs Surpass 500,000 BTC

Since their launch in January, net inflows into U.S. exchange-traded funds based on the spot price of Bitcoin have exceeded 500,000 BTC. Year-to-date flows to spot ETFs have surpassed 500,000 BTC! U.S. ETFs have absorbed more than 2.5% of the circulating supply since their launch in January. pic.twitter.com/y5yNz7ksG1 — Vetle Lunde (@VetleLunde) December 12, 2024 […]

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ForkLog 12 12.12.2024

Citi Analysts: Stablecoins Could Bolster Dollar’s Dominance

Cryptocurrencies do not threaten the dollar’s hegemony in the global market; rather, stablecoins make the American currency more accessible. This perspective was outlined by Citi Wealth analysts in their report Market Outlook 2025. “Initially, crypto assets like Bitcoin were conceived as competitors to fiat currencies. […] However, stablecoins, which account for over 80% of cryptocurrency […]

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ForkLog 8 12.12.2024

BlackRock and Fidelity Acquire $500 Million in Ethereum for ETFs Over Two Days

BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) purchased $500 million worth of Ethereum between December 10 and 11, according to data from Arkham. PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH pic.twitter.com/44N5mRAT5O — Arkham (@arkham) December 11, 2024 BlackRock and Fidelity acquired the coins through Coinbase […]

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ForkLog 5 11.12.2024

US Inflation Accelerates as Bitcoin Surges Past $100,000

In November, annual inflation in the United States reached 2.7%, up from 2.6% the previous month, aligning with market expectations of 2.7%. On a monthly basis, the consumer price index rose by 0.3%, compared to 0.2% in October. The consensus forecast had anticipated a 0.3% increase. Excluding food and energy prices, the index rose by […]

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ForkLog 16 11.12.2024

Altcoin Liquidations Reach Highest Level Since 2021

On December 10, altcoin liquidations amounted to $1.75 billion, marking the largest since May 19, 2021. In the crypto derivatives market, liquidations reached a record $12.8 billion, according to a review by K33 Research. Experts noted that cascading liquidations were a feature of the 2021 bull run and appear to be repeating this pattern now. […]

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ForkLog 5 10.12.2024

Expert Predicts Sustained Bitcoin Buying on Dips

Amid ongoing volatility, the strategy of buying on dips will remain relevant “far longer than everyone expects,” according to Daniel Cheung, co-founder of Syncracy Capital. Market participant psychology has drastically shifted in crypto this cycle. In prior cycles, participants largely engaged in a HODL and buy the dip mentality. This cycle, participants are mostly in […]

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ForkLog 60 10.12.2024

Tether Reveals USDT Holder Statistics

As of the start of the fourth quarter of 2024, there were 109 million USDT holders, more than double the number of Bitcoin holders and close to Ethereum’s 128 million. These figures were reported by Tether. The company noted that these numbers make USDT one of the most widespread digital assets. For their analysis, specialists […]

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ForkLog 18 10.12.2024

Stablecoin Market Capitalization Surpasses $200 Billion

The combined market capitalization of stablecoins has reached $204 billion, marking a 3% increase over the past seven days. Coinbase attributed this trend to a sharp rise in on-chain lending rates. USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion). Data: CoinGecko. “[The increase in […]

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ForkLog 8 10.12.2024

Cryptocurrency Market Sees $1.75 Billion in Liquidations

Between December 9 and 10, the cryptocurrency market experienced $1.75 billion in forced position closures, including $1.57 billion in longs, according to Coinglass. Data: Coinglass. The procedure affected 582,003 traders. Liquidations were concentrated in altcoins — of the $1.75 billion, only $189.2 billion was attributed to Bitcoin. The current figures surpassed the scale of events […]

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