Market Analysis | ForkLog

ForkLog 12 05.08.2024

Aave Earns $6 Million in a Day Amid Crypto Market Downturn

On August 5, the daily fee volume of the lending platform Aave reached $6 million, driven by the liquidation of positions worth $350 million. Aave Protocol withstood market stress across 14 active markets on various L1s and L2s, securing $21B worth of value. Aave Treasury was rewarded with $6M in revenue overnight from decentralized liquidations […]

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ForkLog 31 05.08.2024

The Fed’s pivot: when to expect it and how rate cuts could affect crypto

At the end of July, the US Federal Reserve kept the key rate at a historic 5.25–5.5%. Many market participants nonetheless expect a “Fed pivot” as early as September. What it is—and why lower rates will not necessarily benefit crypto—explains Oleg Cash Coin. COVID correlation For most of the time, the crypto market correlates with […]

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ForkLog 8 05.08.2024

Crypto Funds Experience First Weekly Outflow in a Month

The outflow from cryptocurrency investment funds between July 27 and August 2 amounted to $528 million, more than double the inflows of the previous week ($245 million), according to data from CoinShares. Data: CoinShares. Analysts attributed the negative trend to recession fears in the US, escalating geopolitical tensions, and a subsequent wave of long liquidations […]

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ForkLog 24 05.08.2024

Bitcoin Falls Below $50,000 as Ethereum Dips Under $2,200

Overnight on August 5, the leading cryptocurrency plummeted nearly 13%. Briefly, the coin dropped to $49,000. 15-minute BTC/USDT chart from Binance. Data: TradingView. At the time of writing, digital gold has slightly recovered and is trading at $52,700. According to CoinGecko, its market capitalization is approximately $1 trillion. The total cryptocurrency market cap has fallen […]

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ForkLog 4 31.07.2024

Ethereum Volatility Set to Increase, Experts Predict

Ethereum is expected to experience more significant price fluctuations compared to Bitcoin, with the monthly volatility premium for the asset in “long-term” options rising from 4% to 8%, according to QCP Capital. Analysts favour accumulating the second-largest cryptocurrency by market capitalisation, citing the attractiveness of its prices given the rise in implied volatility. Experts noted […]

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ForkLog 33 30.07.2024

Bernstein Projects $20 Billion Bitcoin Mining Equipment Market in the US

Sales of equipment for mining the premier cryptocurrency in the US could reach $20 billion over the next five years, according to estimates by Bernstein. Bernstein says mining hardware is a $20 billion opportunity amid Trump’s push to ‘make bitcoin’ in the US https://t.co/vx9CfR2VID — The Block (@TheBlock__) July 30, 2024 The impetus for these […]

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ForkLog 8 30.07.2024

Ethereum ETF Outflows Slow to $98 Million

On July 29, investors withdrew $98.3 million from spot Ethereum ETFs. The previous day’s figure was $162.7 million, according to SoSoValue. Net outflows since the approval of these products have risen to $439.6 million. The reason lies in clients reducing their positions in Grayscale’s ETHE. On July 29, investors pulled $210 million from the instrument, […]

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ForkLog 13 29.07.2024

Bitcoin Miners Shift Towards Accumulation, Analyst Observes

Companies mining the leading cryptocurrency appear to have embarked on a new phase of coin accumulation, aiming to benefit from potential asset growth. This was stated by BRN analyst Valentin Fournier in a conversation with The Block. According to the expert, besides accumulating mining rewards, major players seem to be purchasing bitcoin directly from the […]

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ForkLog 5 29.07.2024

Cryptocurrency Inflows Reach $4.6 Billion Since July

Inflows into cryptocurrency investment funds from July 20 to 26 amounted to $245 million. Since the beginning of July, the figure has reached $4.56 billion, according to CoinShares. Data: CoinShares. The turnover of ETP surged to a May high of $14.5 billion. Thanks to the recovery in prices, the total volume of assets reached $99.1 […]

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ForkLog 13 29.07.2024

Grayscale’s Ethereum ETF Sees Outflows Exceeding $1.5 Billion

On July 26, investors withdrew $356.3 million from the Grayscale Ethereum Trust (ETHE), bringing the total outflow since the approval of the products to $1.51 billion, according to SoSoValue. The total outflow across all ETH-ETFs for the last reporting day was $162.67 million, with a cumulative outflow of $341.4 million. Due to improved market conditions, […]

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ForkLog 9 26.07.2024

Bitwise Promotes Ethereum ETF on New York Stock Exchange Facade

Bitwise advertised ETH-ETF on the NYSE facade. Ethereum will continue to face pressure in the coming weeks due to active withdrawals from Grayscale’s ETHE. Bitwise Asset Management displayed a banner on the facade of the NYSE to promote its newly launched spot Ethereum-ETF under the ticker ETHW. Bitwise Ethereum ETF banner going up outside the […]

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ForkLog 1 26.07.2024

Ethereum ETF Experiences $152 Million Outflow

On July 25, the net outflow from spot Ethereum ETFs amounted to $152.3 million, according to SoSoValue. Inflows into “new” Ethereum-based exchange-traded products were insufficient to offset the $346.2 million withdrawn by clients from Grayscale’s ETHE. Trading volume fell from $1.05 billion to $955.9 million. Inflows into CETH from 21 Shares and EZET from Franklin […]

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