Market Analysis | ForkLog

ForkLog 3 11.11.2024

Trump’s Victory Fuels Continued Inflows into Crypto Funds

Inflows into cryptocurrency investment funds from November 3 to 9 amounted to $1.98 billion, following $2.18 billion the previous week, according to CoinShares. The year-to-date inflow increased to a new record of $31.3 billion. The volume of assets under management also reached a historic high of $115.7 billion. Data: CoinShares. Product turnover rose to $20 […]

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ForkLog 8 11.11.2024

Bitcoin Surpasses $84,000, Sparking Concerns of a Sell-Off

On the morning of Monday, November 11, the first cryptocurrency reached a new all-time high of $81,800. At the time of writing, Bitcoin is trading near $81,000. 15-minute BTC/USDT chart on Binance. Data: TradingView. November 11, 2024 | 13:14Update: Bitcoin briefly reached $82,000. 15-minute BTC/USDT chart on Binance. Data: TradingView. November 11, 2024 | 18:39Update: The leading […]

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ForkLog 7 08.11.2024

Bitcoin Shows No Signs of Overheating, Says Expert

From a fundamental perspective, bitcoin does not exhibit “signs of overheating,” according to a report by Galaxy Digital, as reported by Cointelegraph. The expert noted the absence of a spike in funding rates for perpetual contracts and a moderate increase in OI across crypto derivatives. Data: Coinglass. According to Galaxy Digital, bitcoin and other cryptocurrencies […]

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ForkLog 4 08.11.2024

Solana Tests $200 Mark Following Trump’s Victory

In the early hours of November 8, Solana’s price reached the $200 mark, a level last seen in April 2024. The all-time high near $260 was recorded in November 2021. Hourly chart of SOL/USDT on Binance. Data: TradingView. Over the past 24 hours, the asset’s price increased by 6.9%, second only to Cardano (+19.2%) among the […]

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ForkLog 7 07.11.2024

Bitcoin ETF Trading Volume Surges Past $6 Billion Following Trump’s Victory

On November 6, the trading volume of BTC-ETF reached a peak of $6.1 billion, the highest since March 15, with BlackRock’s IBIT hitting a record $4.14 billion. According to Bloomberg analyst Eric Balchunas, this figure surpassed the trading volume of companies like Berkshire, Netflix, or Visa. The expert anticipates that this high level of activity […]

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ForkLog 5 06.11.2024

Trump’s Victory Spurs Over 10% Surge in Cryptocurrency Company Stocks

The market capitalisation of companies linked to the digital asset industry rose by more than 10% in pre-market trading following Bitcoin’s ascent to a new ATH above $75,000. The catalyst was Donald Trump’s victory in the US presidential election. At the time of writing, shares of MicroStrategy had increased by 13.1%, while Coinbase saw a […]

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ForkLog 5 06.11.2024

Ethereum’s Market Cap Share Relative to Bitcoin Hits 3.5-Year Low

The market capitalization ratio of Ethereum to Bitcoin has fallen to 24.52%, the lowest level since April 2021. At the beginning of 2024, the metric stood at 32.7%, reports The Block. This indicator reflects investor preferences and capital flows between the two largest assets by market value in the cryptocurrency market. The growing dominance of […]

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ForkLog 3 04.11.2024

Trump’s Prospects Boost Crypto Fund Inflows to $2.18 Billion

Inflows into cryptocurrency investment funds from October 27 to November 2 reached $2.18 billion, up from $901 million the previous week, according to CoinShares. This result nearly matched the $2.2 billion observed in the second decade of October, the highest since July. Year-to-date inflows have risen to a new record of $29.2 billion. Data: CoinShares. […]

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ForkLog 4 04.11.2024

Bitcoin’s Potential Local Bottoms Ahead of US Elections

The options market anticipates a new all-time high for Bitcoin by the end of November and increased volatility post-US elections. Traders have noted the possibility of Bitcoin’s price retreating to $65,000 before a rebound. The price of Bitcoin is expected to hit $66,200 before a rebound ahead of the US presidential elections, according to trader […]

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ForkLog 12 01.11.2024

US Employment Data Boosts Bitcoin to $71,000

By the evening of November 1, the leading cryptocurrency rebounded from lows near $69,000 to $71,100, marking a 3% increase. The primary price surge occurred following the release of US employment data. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin’s price had adjusted back to $70,000. October’s non-farm employment figures […]

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ForkLog 5 28.10.2024

US Presidential Election Boosts Inflows to Crypto Funds

Inflows into cryptocurrency investment funds from October 20 to 26 amounted to $901 million, following a peak of $2.2 billion the previous week, the highest since July. These figures were reported by CoinShares. Data: CoinShares. Since the beginning of the year, total inflows into these products have exceeded $27 billion, nearly three times the record […]

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ForkLog 7 28.10.2024

Bitcoin ETF Holdings Near 1 Million Coins

Issuers of spot Bitcoin ETFs have acquired 976,873 BTC ($66.2 billion), equivalent to nearly 5% of the available supply. This was highlighted by Nate Geraci, president of The ETF Store. Spot bitcoin ETFs now about 23,000 away from holding 1,000,000 btc… Or almost 5% of btc final total supply. via @apollosats pic.twitter.com/QnrOPr6vPX — Nate Geraci […]

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