Market Analysis | ForkLog

ForkLog 12 09.12.2024

CryptoQuant Warns of Potential Bitcoin Rally Halt

The surge of Bitcoin towards $100,000 has triggered sales by hodlers, potentially steering the trajectory into bearish territory as retail investor demand wanes, according to CryptoQuant. ?Long-Term Holders sold 827,783 BTC in 30 days. This is one of the bearish on-chain signals behind this BOLT statement. A thread on more key signals behind this claim?? […]

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ForkLog 8 09.12.2024

Crypto Funds Inflow Reaches Record $3.85 Billion

Between December 1 and 7, cryptocurrency investment funds received $3.85 billion, marking a historic peak. This positive trend has continued for the ninth consecutive week, according to CoinShares. Data: Coinshares. The previous week, the figure stood at $270 million. The inflow since the beginning of the year has reached a record $41.1 billion. The volume […]

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ForkLog 8 08.12.2024

Venture Capitalist Declares End of Altcoin Season

Felix Hartmann, managing partner of investment firm Hartmann Capital, is convinced that the altcoin season has “already run its course.” He warned traders of a sharp correction. Considering alt season tapped out for now. Most alts now have funding rates north of 100% annualized. Last moves purely perp driven, spot volumes declining. Leg down will […]

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ForkLog 5 06.12.2024

Analyst Warns of Potential ‘Bloodbath’ for XRP Amid Bitcoin’s Dominance

Traders’ hopes for XRP to return to its ATH may be in vain if Bitcoin’s dominance continues to rise, according to leading Swyftx analyst Pav Hundal, as reported by Cointelegraph. “The real danger for highly leveraged bulls lies in the relative strengthening of Bitcoin. Capital rotation into digital gold could trigger a ‘bloodbath’ of liquidations,” […]

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ForkLog 13 06.12.2024

Bitcoin Dips Below $100,000 Amidst Extreme Volatility

Between December 5 and 6, Bitcoin’s decline exceeded 13% at its lowest points, with the price plummeting from an ATH above $104,000 to $90,500, before rebounding to $98,000. Hourly BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the daily rate of decline had reduced to 3.8%. Rachel Lucas from BTC Markets explained […]

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ForkLog 29 05.12.2024

YouTube Views of Crypto Influencers Reach Annual Peak

In the week starting November 25, views of cryptocurrency influencer content on YouTube reached 4.72 million, marking the highest level in the past 12 months, according to The Block. Data: YouTube. The ATH for this metric stands at 9.3 million, indicating potential for increased engagement from retail investors in the digital asset market. Leading the […]

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ForkLog 4 05.12.2024

Bitcoin Spot ETFs Attract Over $2 Billion in Five Days

On December 4, inflows into spot Bitcoin ETFs amounted to $556.82 million. Over the past five days, investors have directed $2.01 billion into these products. Data: SoSoValue. Of the total amount, $571.7 million was attributed to BlackRock’s IBIT. Previously, the number of coins on the entity’s balance exceeded 500,000 BTC. The cumulative inflow since the […]

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ForkLog 21 05.12.2024

Experts Weigh in on the Slowdown of the Meme Coin Bull Run

The trajectory of meme coins is closely tied to the overall state of the global market, reflecting macroeconomic trends with significantly higher volatility. This perspective was shared with Cointelegraph by Murad Mahmudov, a former Bitcoin maximalist and expert in the “funny money” niche. According to him, “meme” crypto projects cannot be assessed using traditional fundamental […]

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ForkLog 13 04.12.2024

Coinbase Whales Propel XRP to New Heights

On December 3, XRP reached a multi-year high of $2.909, marking a 478.4% increase over the month. The ATH stands at $3.3. Hourly chart of XRP/USDT on Binance. Data: TradingView. At the time of writing, the asset shows near-zero daily growth. The price is $2.622. The cryptocurrency has secured the third position by market capitalization […]

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ForkLog 19 04.12.2024

TRON Reaches New All-Time High After Doubling in Value

On December 3, TRON (TRX) surged by 103.4%, reaching a new all-time high of $0.45. Hourly TRX/USDT chart on Binance. Data: TradingView. At the time of writing, daily gains eased to 63.6%. The price stands at $0.381. The cryptocurrency fell to 11th place by market capitalization ($32.5 billion) after a brief stint in the top […]

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ForkLog 8 03.12.2024

Bitfinex Predicts Bitcoin Surge Beyond $100,000 by Year-End

Bitcoin concluded November with a 37.3% increase and is poised to reach six-figure levels in December due to favourable seasonality, according to Bitfinex. Analysts’ calculations show that historically, in halving years, the asset appreciated by an average of 38.9% in this month. Data: Bitfinex. Experts cautioned that the growth will be volatile, linked to profit-taking […]

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ForkLog 4 02.12.2024

Ethereum Funds See Record Inflows of $2.2 Billion This Year

Between November 24 and 30, cryptocurrency investment funds saw inflows of $270 million. This positive trend continued for the eighth consecutive week, although it weakened significantly compared to the previous reporting period, according to CoinShares. Data: CoinShares. Year-to-date inflows reached a record $37.3 billion. In the past week, investors withdrew $457 million from instruments based […]

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