Market Analysis | ForkLog

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 9 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 8 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 11 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 10 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 14 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 10 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 19 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 11 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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ForkLog 20 06.08.2024

Fear and Greed Index Plummets to Extreme Panic Levels

On August 6, the cryptocurrency Fear and Greed Index dropped to 17 points, a level last seen in July 2022. Cryptocurrency Fear and Greed Index. Data: Alternative.me. The metric’s decline coincided with a sharp deterioration in market sentiment. On August 5, Bitcoin tested the $50,000 mark, with daily losses reaching 13%. At the time of […]

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ForkLog 7 05.08.2024

US Economic Concerns Weigh on Bitcoin, Says 10x Research

The price of the leading cryptocurrency risks remaining below the psychological threshold of $50,000 amid growing concerns about the economic stability of the United States. This is according to a report by 10x Research, as cited by Cointelegraph. Marcus Thielen, the company’s founder, noted that the manufacturing sector’s business activity index (ISM) recently showed a […]

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