Market Analysis | ForkLog

ForkLog 6 13.08.2024

Expert Warns of Bitcoin Correction Risks Amid ‘Death Cross’ Formation

A bearish ‘death cross’ has formed on the Bitcoin chart. The launch of BTC-ETF has increased the risk of heightened volatility over the weekend. Outflows from Grayscale’s ETHE have paused. The formation of a ‘death cross’ on the Bitcoin chart signals a potential new wave of sell-offs, despite the current rebound. This was highlighted by […]

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ForkLog 6 12.08.2024

Ethereum ETFs See Positive Inflows for the First Time Since Launch

Between August 5 and 9, spot Ethereum ETFs saw inflows of $104.8 million, according to SoSoValue. This marks the first positive movement since the instruments were approved. The net outflow for the entire period decreased to $405.9 million. Data: SoSoValue. The total withdrawal from Grayscale Ethereum Trust (ETHE) increased to $2.3 billion, with a $41.7 […]

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ForkLog 5 12.08.2024

Stock Market Rebound Revives Demand for Crypto Funds

Inflows into cryptocurrency investment funds amounted to $176 million from August 4 to August 10, following an outflow of $528 million the previous week, according to data from CoinShares. Data: CoinShares. Analysts attributed the recovery in positive dynamics to a resurgence in demand after prices fell to attractive buying levels. The volume of assets under […]

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ForkLog 8 09.08.2024

Analysts Predict Bitcoin Surge as ‘Inevitable’

A rally in the leading cryptocurrency is deemed ‘inevitable’ as Bitcoin awaits U.S. inflation data next week, according to analysts at Matrixport. #MatrixportOnTarget Report?-Aug 9: #Bitcoin is Oversold — A Relief Rally May Be Imminent?#Matrixport #cryptocurrency #Crypto #BTC #RSI #MarketWatch pic.twitter.com/HPaNNp2CzG — Matrixport Official English (the only official X) (@Matrixport_EN) August 9, 2024 “Bitcoin is […]

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ForkLog 7 09.08.2024

Bitcoin Surpasses $60,000 Mark

On the night of August 9, the leading cryptocurrency broke through the $60,000 mark. The asset climbed to $62,000 but quickly corrected. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading around $60,800, having risen 6.5% in 24 hours. Its market capitalization stands at $1.2 trillion. Following the digital […]

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ForkLog 10 08.08.2024

JPMorgan Highlights Institutional Investors’ Role in Bitcoin’s Resilience

Institutional investors have largely maintained their positions in the leading cryptocurrency despite market turbulence, aiding in the rebound of its price, according to JPMorgan, as reported by The Block.

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ForkLog 9 08.08.2024

Significant Purchases of December Call Options Observed by Experts

The bullish outlook for Bitcoin persists due to substantial purchases of call options with expirations in December and March, according to QCP Capital. 3/ We remain bullish on #BTC as we see significant call buying in the Dec and March expiries. Major funds also continue to roll their Sep long call positions. — QCP (@QCPgroup) […]

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ForkLog 12 07.08.2024

Solana Meme Coins Surge Amid SOL-ETF Optimism

The “cat” meme token POPCAT increased in value by 35%, while the “dog” token WIF rose by 26%, according to CoinGecko. The sharp rise of such Solana-based assets contrasts with competitors on other blockchains, which have not shown such positive dynamics. This divergence may be explained by Solana’s sharp rebound, recovering losses from Friday to […]

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ForkLog 9 07.08.2024

Bitcoin’s Uncertain Path: Analysts Weigh Future Prospects

Following a significant correction, the leading cryptocurrency shows no clear signs of a definitive trend. Experts and market participants are divided on Bitcoin’s future trajectory. Technical analyst and head of Factor LLC, Peter Brandt, believes that digital gold is poised for a major breakthrough. He observes that the coin may be repeating the post-halving pattern […]

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ForkLog 13 06.08.2024

USDe Redemptions Surpass $100 Million Amid Market Downturn

Since August 5, the issuer of the collateralized stablecoin USDe, Ethena Labs, has redeemed approximately $100 million. This was spurred by a general downturn in the cryptocurrency market. Data: Parsec Finance. The token maintained its peg to the US dollar, slightly dipping to $0.997 before recovering to its target level of $1. According to Parsec […]

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ForkLog 10 06.08.2024

Expert Warns of Heightened Volatility in Cryptocurrency Market

Implied volatility will remain high until the macroeconomic situation stabilises. The market still considers the possibility of an emergency Federal Reserve meeting, with the chances of a 50 basis point rate cut in September soaring to 78.5%. The cryptocurrency market is set to face increased volatility as the VIX index reaches its highest level since […]

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ForkLog 9 06.08.2024

Investors Increase Ethereum ETF Holdings Amid Crypto Market Downturn

On August 5, total inflows into ETH-ETF reached $48.7 million, marking the second-highest result since the products were approved. This data is provided by SoSoValue. The net outflow for the entire period decreased to $462 million. Data: SoSoValue. Total withdrawals from the Grayscale Ethereum Trust (ETHE) increased to $2.16 billion. On August 5, the figure […]

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