Market Analysis | ForkLog

ForkLog 29 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 11 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 6 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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ForkLog 14 02.12.2024

XRP Reaches $2.5, Enters Top Three by Market Capitalisation Amid High Leverage Concerns

On the morning of December 2, XRP’s price hit a seven-year high at $2.498, displacing the stablecoin USDT from the third position in market capitalisation ($136.2 billion). The day before, the asset surpassed Solana. Hourly chart of XRP/USDT on Binance. Data: TradingView. XRP’s daily growth reached 27.8%. Over the past 14 days, the asset has […]

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ForkLog 33 01.12.2024

Ethereum’s ‘Cup and Handle’ Pattern Suggests Potential Surge to $7,200

An analyst known as VentureFounder has identified a ‘cup and handle’ pattern on Ethereum’s bi-weekly chart, indicating a potential rise in the asset over the next four months. $ETH has a 3-year cup and handle in the making, it is about to be completed now if #Ethereum confirms $3.8k as support. First target: $5,349Second target: […]

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ForkLog 12 29.11.2024

Market Shifts Focus from Meme Coins to DeFi Tokens

Leading meme coins have lost their growth momentum, while DeFi tokens are showing stronger gains. This is reflected in the dynamics of the respective indices, reports The Block. Weekly dynamics of The Block indices. Data: The Block. Over the past week, the GMMEME indicator, which tracks the top 30 meme coins, decreased by 0.95%. For […]

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ForkLog 15 29.11.2024

Bitcoin Futures Open Interest Surpasses $60 Billion

On November 29, the total open interest (OI) in bitcoin futures reached approximately $61 billion, down from a record ~$64 billion the previous week. This is according to data from Coinglass. Data: Coinglass. Over five weeks, the metric has grown by more than half. Bitfinex stated that this does not pose an imminent risk of […]

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ForkLog 9 28.11.2024

Stablecoin Market Capitalisation Reaches Record $191.5 Billion

The combined market value of stablecoins has reached $191.5 billion, setting a new ATH following the collapse of Terra’s UST in May 2022. This was highlighted by Bloomberg. Since the beginning of the year, the figure has increased by 46%. Data: DeFi Llama, Bloomberg. The agency noted the growing role of stablecoins in global trade […]

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ForkLog 15 28.11.2024

Ethereum Nears $3700 Amid Capital Shift from Bitcoin

On the night of November 28, Ethereum’s price rose above $3680, outpacing Bitcoin in growth rate. QCP Capital observed signs of capital flowing into altcoins, reports The Block. According to CoinGecko, over the past 24 hours, the leading cryptocurrency increased by 2.5%, while Ethereum rose by 5.1%, XRP by 7.6%, BNB by 5.1%, Cardano by […]

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ForkLog 6 27.11.2024

Bitcoin’s Current Dip Seen as Prelude to $100,000 Surge

The recent decline of Bitcoin to $93,000 is expected to be short-lived, with prices still on track to reach six figures by the year’s end, according to trader Bluntz Capital. likely thats the pullback done on #btc here, i think up from here and its aint going as low as ppl think pic.twitter.com/pVeiFZzVC4 — Bluntz […]

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ForkLog 10 25.11.2024

Crypto Fund Inflows Surge to a Record $3.12 Billion

Between November 17 and 23, cryptocurrency investment funds received $3.12 billion. This positive trend continued for the seventh consecutive week, according to CoinShares. Data: CoinShares. Year-to-date inflows have increased to a new record of $37 billion. In the latest reporting week, $3.08 billion flowed into bitcoin instruments. Clients directed $10.4 million into structures that allow […]

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ForkLog 11 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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