Market Analysis | ForkLog

ForkLog 9 21.07.2024

Analyst Reports ‘Exhaustion’ Among Major Bitcoin Sellers

The market is witnessing a decline in selling pressure from major investors as the price of the leading cryptocurrency stabilizes around $67,000, according to Julio Moreno, Head of Research at CryptoQuant. #Bitcoin large Sellers are exhausted and valuation metrics suggest positive momentum. We published our weekly report on Wednesday, see link in the below post […]

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ForkLog 9 20.07.2024

ETH-ETF Launch Boosts Market Sentiment

Bitcoin surpassed $66,000, while Ethereum reached $3,500 following the announcement of the start date for trading spot ETH-ETFs. Despite positive factors, the second-largest cryptocurrency by market capitalization faces a potential supply crisis. Following the confirmation of the start date for trading spot Ethereum-ETFs on the CBOE, digital gold held steady above $66,000. According to the […]

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ForkLog 9 18.07.2024

CryptoQuant: Bitcoin Hits Local Bottom Amid Positive Indicators

The price of the leading cryptocurrency has seemingly reached a local bottom before rebounding to nearly $66,000 earlier this week, reports The Block, citing a report from CryptoQuant. According to analysts, the recent drop in Bitcoin’s price to around $55,000 resulted in the largest realized losses for asset holders in 2024. “Hodlers of digital gold […]

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ForkLog 9 18.07.2024

BTC-ETF Inflows Continue for Ninth Consecutive Day

On July 17, inflows into spot Bitcoin ETFs reached $53.35 million, marking the ninth consecutive day of positive momentum, according to SoSoValue. During this period, investors poured $1.97 billion into these instruments. Data: SoSoValue. Inflows into BlackRock’s IBIT amounted to $110.37 million, while Fidelity’s FBTC saw $2.83 million. Clients withdrew $5.99 million from Bitwise’s BITB. […]

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ForkLog 7 16.07.2024

Bitcoin Spot ETF Inflows Surpass $300 Million for Second Consecutive Day

On July 15, inflows into spot Bitcoin ETFs reached $301.4 million, marking a positive trend for the seventh consecutive day, according to SoSoValue. During this period, investors poured $1.49 billion into these instruments. Data: SoSoValue. On July 15, the leaders in dynamics were: IBIT by BlackRock ($117.25 million); ARKB by ARK Invest ($117.19 million); FBTC […]

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ForkLog 3 15.07.2024

June Sees 17% Decline in CEX Trading Volume

Spot trading volumes on cryptocurrency exchanges fell by 17%, derivatives by 19.2%, and website traffic by 1%, according to journalist Colin Wu. Binance remained the leader in spot trading, although its volume decreased by 22.6%. Competitors Bybit, Gate, and HTX narrowed the gap with changes of -1.6%, -4.3%, and 6.7% respectively. Notable declines were observed […]

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ForkLog 5 15.07.2024

Cryptocurrency Inflows Surge Significantly

Inflows into cryptocurrency investment products surged from $441 million to $1.44 billion between July 6 and July 12. This figure marks the fifth-largest in history, according to CoinShares. Since the beginning of the year, a record $17.8 billion has flowed into these instruments. For comparison, in 2021 this figure was $10.6 billion. Data: CoinShares. “Price […]

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ForkLog 10 15.07.2024

Bitcoin’s Ascent Predicted Amid Federal Reserve’s Influence

Experts noted traders shifting focus from Mt.Gox and German government sales to the incident involving US presidential candidate Donald Trump and macroeconomic statistics. On-chain analysts observed bitcoin whales accumulating coins. With the conclusion of sales by German authorities and the Mt.Gox factor largely priced in, bitcoin is poised to reclaim lost ground in the coming […]

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ForkLog 7 14.07.2024

Analyst Identifies the Onset of Bitcoin’s ‘New Cycle’

As the leading cryptocurrency surged to $60,000, analyst and MN Trading founder Michaël van de Poppe declared the beginning of a ‘new cycle’. #Bitcoin just started a new cycle. BlackRock already mentioned that ‘Bitcoin is a hedge against global uncertainty’. Similar to what Gold was in the 1930’s. The assassination attempt on Trump confirms this. […]

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ForkLog 26 11.07.2024

Cross purposes: which on‑chain indicators work—and which do not

On-chain analysis is what sets the cryptocurrency market apart from traditional finance, which does not allow vast, shifting datasets to be tracked in real time. A range of indicators offers structured blockchain data presented as charts. It can feel like a qualitatively new kind of analytics. But is it really? Oleg Cash Coin shares his […]

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ForkLog 26 11.07.2024

Bitcoin ETF Inflows Persist for Fourth Consecutive Day

On July 10, inflows into spot Bitcoin ETFs amounted to $147.4 million, marking a positive trend for the fourth consecutive day, according to SoSoValue. During this period, investors poured $801.7 million into these instruments. Data: SoSoValue. On July 10, the leaders in dynamics were: FBTC from Fidelity ($57.79 million); EZBC from Franklin Templeton ($31.66 million); […]

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ForkLog 13 09.07.2024

PYUSD Market Capitalisation Surpasses $500 Million Following Solana Integration

The total market capitalisation of PayPal USD (PYUSD) stablecoins has exceeded $500 million, according to DeFi Llama. This milestone was achieved following the addition of support for Solana. Over the past month, the figure has risen from $270 million to over $531.9 million. The increase in PYUSD supply followed its expansion to the Solana network […]

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