Market Analysis | ForkLog

ForkLog 7 24.12.2024

QCP Capital Declares Bitcoin’s Christmas Rally a Non-Starter

Outflows from ETFs and negative news have hindered Bitcoin’s Christmas rally. The situation may change after the expiration on the futures market on December 27. The transfer of $49.4 million in Bitcoin from Mt. Gox triggered a sell-off on December 23, causing the cryptocurrency’s price to drop to $92,500. QCP Capital noted that the anticipated […]

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ForkLog 39 24.12.2024

BNB Chain’s DeFi Ecosystem Expands by 58% in 2024

In 2024, the TVL of the BNB Chain ecosystem surged by 58.2% to $5.5 billion, while the number of unique addresses increased by 17.7% to 486 million, according to data released by the development team. Key achievements include: network consolidation through the merger of BNB Beacon Chain, BNB Smart Chain, and BNB Greenfield; enhancements in […]

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ForkLog 8 24.12.2024

Investors Withdraw $1.18 Billion from Bitcoin ETFs Over Three Days

On December 23, the outflow from spot Bitcoin-based exchange-traded funds amounted to $226.6 million. This negative trend continued for the third consecutive day, with a total of $1.18 billion withdrawn. Data: SoSoValue. The cumulative inflow since the approval of BTC-ETFs in January has decreased to $35.83 billion. AUM of the products stands at $105.1 billion […]

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ForkLog 12 24.12.2024

Analyst Predicts Bullish Outlook for Ethereum

Despite market corrections, Ethereum is displaying several bullish signals, indicating traders’ optimism towards the asset, writes CryptoQuant analyst EgyHash. Ethereum’s Silent Surge: Key Metrics Turn Bullish “These factors point to a persistent bullish outlook for Ethereum, as market participants appear ready to maintain, and potentially increase, their exposure to the asset.” – By @EgyHashX Link […]

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ForkLog 6 23.12.2024

Hawkish Fed Signals Dampen Inflows to Crypto Funds

Between December 15 and 21, cryptocurrency investment funds received $308 million, a sharp decline from the $3.2 billion the previous week, according to CoinShares. Data: CoinShares. The trend was overshadowed by the largest daily outflow since mid-2022, amounting to $576 million on December 19, following the Federal Reserve’s hawkish rate cut. At a press conference, […]

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ForkLog 7 23.12.2024

Expert Questions Wealth Effect of Token Purchases on Binance Alpha

Of the 29 tokens added to the Binance Alpha platform, 17 increased in price, while 12 — declined. This data was provided by user sankin_eth. 2024-12-23 #BinanceAlpha 上线资产统计基于 Binance Web3 Wallet 的 Binance Alpha 在上周 3 天的时间分别分四批上线了 29 个代币（第四批时只上线了 9 个代币），过了一个周末，看看这些代币截至目前的市值表现如何？盈亏表现29… pic.twitter.com/rgV4AZ0mva — 做表人小郭 (@sankin_eth) December 23, 2024 In the sample, the maximum capitalization […]

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ForkLog 12 23.12.2024

Bitcoin’s Return to Peak Predicted Amid Rising FUD Sentiment

The sentiment index among Bitcoin traders has plummeted to its lowest point in a year, potentially signaling a recovery of the asset above $100,000, according to Santiment. ? BREAKING: Crypto’s further flush has sent Bitcoin’s crowd sentiment down to its most negative statistical point of the year. Vocal traders are now showing severe FUD, and […]

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ForkLog 6 20.12.2024

Beyond the Wild West: why VCs are leaving crypto—and crypto is leaving VCs

In the year now ending, analysts observed a marked rollback in venture funding for cryptocurrency projects to levels reminiscent of 2017. There is, however, a silver lining: some initiatives are trying to revive a spirit of independence from VC—at least in their declarations. Oleg Cash Coin explains why for ForkLog readers. Not so long ago […]

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ForkLog 25 20.12.2024

SEC Approves First Hybrid Bitcoin and Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has approved the first spot exchange-traded funds (ETFs) combining Bitcoin and Ethereum. The issuers are Hashdex and Franklin Templeton. “The asset allocation will be based on free-float market capitalisation,” the document states. In June, the Nasdaq exchange, on behalf of Hashdex, submitted an application to the regulator to […]

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ForkLog 8 20.12.2024

Bitcoin’s Failure to Reach $100,000 Triggers $1 Billion in Liquidations

On December 19, the volume of forced liquidations in the cryptocurrency market reached $1.01 billion, including $844 million in long positions, according to Coinglass. The current figures were surpassed by events on December 5 ($1.1 billion) and December 10 ($1.7 billion). Data: Coinglass. Altcoins accounted for three-quarters of all liquidations. Data: Coinglass. In a conversation […]

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ForkLog 11 19.12.2024

Bitcoin ETF Assets Surpass Gold Funds

The assets under management (AUM) of all American Bitcoin ETFs have exceeded $129 billion, surpassing the equivalent figure for gold exchange-traded funds. This was reported by Vetle Lunde, Head of Research at K33 Research. In the United States, Bitcoin ETF AUM has surpassed gold ETF AUM. Gold, with a 20-year head start, has been flipped. […]

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ForkLog 25 19.12.2024

Solana Dapps Revenue Hits Record $365 Million in November

The total fees generated by Solana applications in November reached a historic high of $365 million, with $106 million attributed to the “meme token factory” Pump.fun, according to data from Syndica. Data: Syndica. Pump.fun became the first in Solana to achieve a nine-figure income in a month. The figure could have been even higher if […]

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