Market Analysis | ForkLog

ForkLog 10 25.11.2024

FalconX Warns of Waning Bitcoin Bull Initiative

The relative advantage of bullish bitcoin orders has weakened, allowing sellers to gain a more dominant position. This conclusion was reached by FalconX, according to CoinDesk. This indicates that the upward momentum, which drove prices to around $100,000 following the US elections, is not supported by new buying interest. The smoothed 3 DMA measure of […]

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ForkLog 5 25.11.2024

Bitcoin Dips Below $96,000 Amid Record Profit-Taking

On November 24, the price of the leading cryptocurrency fell below $96,000. This followed a surge in daily realized profits to a record $443 million, according to CryptoQuant. BTC: Realized Profit reached an ALL-TIME HIGH of $443 million (daily) ? pic.twitter.com/XXANCIogxk — Maartunn (@JA_Maartun) November 23, 2024 At the time of writing, the price had […]

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ForkLog 7 22.11.2024

Ethereum Futures Open Interest Hits Record $20.8 Billion

On November 22, open interest (OI) in Ethereum futures surged by over 12% to an ATH of $20.8 billion, indicating bullish momentum. This was reported by CryptoQuant, according to The Block. Data: Coinglass. The metric has increased by more than 40% over the past four months, surpassing the previous peak of $17 billion in May. […]

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ForkLog 17 22.11.2024

Meme Coin Index Hits Record High Amid New Listings

The GMCI Meme index, tracked by The Block, rose by 8.8% over the week, reaching a new peak of 537.99 points. The surge was driven by the inclusion of Pepe (PEPE) and Dogwifhat (WIF) in the trading tools on Coinbase and Robinhood. The listings of meme coins are unprecedented and indicate a strategic shift by […]

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ForkLog 11 21.11.2024

Expert Identifies Catalyst for Bitcoin’s Surge to $100,000

An influx of $9.7 billion into stablecoins over the past 30 days will propel the price of the leading cryptocurrency to $100,000 by the end of November, according to Leon Waidmann, head of research at The Onchain Foundation. Stablecoin inflows to exchanges hit $9.7B in 30 days! The LARGEST monthly inflow EVER. Stablecoin liquidity is […]

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ForkLog 7 20.11.2024

Bitcoin Nears Record High of $94,000 Amid BTC-ETF Options Launch

On the evening of November 19, the price of the leading cryptocurrency reached a new all-time high, surpassing $93,900. The excitement surrounding the launch of options trading on BlackRock’s spot Bitcoin ETF may have been the catalyst. Hourly chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, the asset is trading at $92,400. […]

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ForkLog 4 18.11.2024

US Elections Trigger $2.2 Billion Influx into Crypto Funds

Between November 10 and 16, cryptocurrency investment funds received $2.19 billion, up from $1.98 billion the previous week, according to CoinShares. In the first half of the week, inflows reached $3 billion. Subsequent profit-taking after bitcoin reached its ATH led to an outflow of $866 million, experts explained. Data: CoinShares. Experts linked the continued positive […]

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ForkLog 8 18.11.2024

Matrixport Reports Doubling of Fiat Inflows into Stablecoins

In the past week, the volume of fiat inflows into stablecoins has nearly doubled compared to previous periods, according to analysts at Matrixport. #Matrixport Today ? — Nov 18: Record #Stablecoin Inflows Signal Strong #Crypto Demand#cryptomarket #MarketTrends #MarketInsights #CryptoInvesting #BTC pic.twitter.com/5IBTz4HFLL — Matrixport Official (@Matrixport_EN) November 18, 2024 Experts noted the seven-day asset issuance indicator, […]

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ForkLog 28 18.11.2024

Charles Hoskinson Hints at Cardano and SpaceX Collaboration

Charles Hoskinson, the founder of Cardano, has indicated discussions with Elon Musk’s SpaceX. He refrained from providing details, citing a NDA. The initiative gained momentum following the developer’s visit to the company’s office. “Building such a company is one of the greatest achievements of the 21st century,” he shared. Hoskinson implied that talks are ongoing […]

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ForkLog 8 18.11.2024

Record Daily Fees Propel Solana to December 2021 Highs

On the morning of November 18, Solana’s price surged past $245, a level last seen in December 2021. This was driven by the network’s highest-ever fees, totaling $9.3 million. Dynamics of TVL and fees in Solana. Data: DeFi Llama. The surge in network activity was fueled by renewed interest in memecoins. On November 17, crypto […]

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ForkLog 3 15.11.2024

Bitcoin Faces Correction Risks Amid High Leverage, Warns Expert

The distribution of implied volatility in the bitcoin options market suggests a high probability of trading at lower levels, according to experts from Blofin, as reported by CoinDesk. “Traders have reached an implicit consensus that prices for the leading cryptocurrency and altcoins are still high, and a pullback is possible,” commented the specialists. Blofin noted […]

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ForkLog 17 14.11.2024

Spot Bitcoin ETFs Surpass $500 Billion in Trading Volume

Since the approval of spot Bitcoin ETFs in January, their trading volume reached $505.4 billion by November 13, according to The Block. The $100 billion mark was surpassed by March and $200 billion by April, when Bitcoin reached its ATH of $74,000 for the first time this year. Subsequently, the growth trajectory slowed somewhat as […]

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