Market Analysis | ForkLog

ForkLog 6 15.10.2024

Spot Bitcoin ETFs Attract Highest Inflows Since June, Reaching $556 Million

On October 14, inflows into spot Bitcoin ETFs reached $555.9 million—the highest since June 4, according to SoSoValue. Data: SoSoValue. Positive changes were recorded in 10 out of 12 products, with the remaining showing no change. The leaders were FBTC from Fidelity ($239.3 million) and BITB from Bitwise ($100 million). Inflows for other instruments were […]

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ForkLog 5 14.10.2024

Trump’s Rising Election Prospects Revitalize Crypto Fund Inflows

Inflows into cryptocurrency investment funds from October 6 to 12 amounted to $407 million, contrasting with an outflow of $147 million the previous week, according to data from CoinShares. Data: CoinShares. Experts suggest that the shift in the U.S. presidential race dynamics influenced investor decisions, rather than macroeconomic data releases or changes in the outlook […]

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ForkLog 5 14.10.2024

Bitcoin Tests $66,000 Amid Anticipation of Chinese Stimulus

On the morning of October 14, the price of the leading cryptocurrency surpassed $64,000. This was prompted by positive trends in Asian stock markets, driven by expectations of expanded stimulus measures from Chinese authorities. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $64,100, having gained 2.1% over […]

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ForkLog 32 11.10.2024

Bitwise Report: Crypto Market Leaders and Narratives in Q3

Analysts at Bitwise have released a global report on the crypto market for the third quarter of 2024, examining the performance of major blockchains, key trends, and significant events. “[During the reporting period] cryptocurrency prices remained unchanged. The Bitwise 10 Large Cap Crypto Index ended the quarter down 3.5%, marking one of the smallest price […]

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ForkLog 22 11.10.2024

Bitcoin Tests $60,000 Amid Weak Macro Data and SEC Lawsuit Against Cumberland

On the evening of October 10, the price of the leading cryptocurrency fell below $59,000 before rebounding above $60,000. The selling pressure was triggered by disappointing macroeconomic data from the US and a lawsuit from the SEC against market maker Cumberland. The regulator accused the firm of operating as an “unregistered dealer” in cryptocurrency transactions. […]

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ForkLog 6 10.10.2024

QCP Capital Warns of Increased Bitcoin Correction Risks

The rise in funding rates for perpetual contracts signals the cryptocurrency market’s vulnerability to a correction, according to QCP Capital, as reported by The Block. “The increase in metrics on Deribit and Binance […] combined with the frenzied demand for meme coins makes us wary of a downward movement. It often occurs when investors least […]

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ForkLog 6 08.10.2024

Bitfinex Highlights Reduced Risk of Bitcoin’s “Sudden Drop”

The decline of Bitcoin from $66,500 to $60,000 last week is seen as a “healthy pullback” that reduces the risk of a “sudden drop” in the coming days and weeks, according to Bitfinex. Experts observed a 10% drop as a sign of “cautious sentiment” among investors. They believe buyers may still seek opportunities to consolidate […]

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ForkLog 9 08.10.2024

Arthur Hayes on the Decline of Tokens Post-CEX Listing

Former BitMEX CEO Arthur Hayes, in a new PvP essay, described the current cryptocurrency market cycle as “player versus player,” where ordinary investors suffer losses due to the high FDV of new tokens, while venture firms and crypto exchanges profit. The expert’s team sought to address several questions: Is it worth paying exchanges for a […]

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ForkLog 7 07.10.2024

Fed Rate Uncertainty Triggers Crypto Fund Outflows

From September 29 to October 5, cryptocurrency investment funds experienced outflows totaling $147 million, following an inflow of $1.29 billion the previous week, according to CoinShares. Data: CoinShares. This negative trend emerged after three weeks of inflows. Experts noted that stronger-than-expected macroeconomic data reduced the likelihood of significant monetary policy easing, leading to deteriorating investor […]

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ForkLog 10 07.10.2024

NYDIG Identifies Factors Sustaining Bitcoin’s Rally

Since the beginning of the year, Bitcoin has appreciated by 49.2%, demonstrating the best performance among key assets. According to NYDIG, several drivers could extend this upward momentum into the fourth quarter. NYDIG: Bitcoin remains the best-performing asset so far this year with a year-to-date gain of 49.2%. The upcoming US election on Nov. 5 […]

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ForkLog 8 07.10.2024

US Labour Market Report Boosts Bitcoin Towards $64,000

On the night of October 7, Bitcoin approached the $64,000 mark. The drivers were positive data from the US labour market last Friday and expectations of a Federal Reserve rate cut in November, writes The Block. Experts noted that ongoing geopolitical tensions in the Middle East pose a risk to the rally of the leading […]

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ForkLog 31 04.10.2024

October’s Crypto Market: A Bullish or Bearish Outlook?

Optimism surrounding cryptocurrencies in October has waned following a market correction. According to Santiment, mentions of Uptober have significantly decreased since the start of the month. ? Mentions of “Uptober” have declined significantly, painting a picture that traders have become much more bearish on the idea of this month being an automatic money printer for […]

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