Market Analysis | ForkLog

ForkLog 7 22.04.2024

Fed’s Rate Decision Delay Triggers Fresh Outflows from Crypto Funds

Outflows from cryptocurrency investment products amounted to $206 million from April 13 to 19, following $126 million the previous week, according to analysts at CoinShares. Source: CoinShares. Experts attributed the continued negative trend to concerns regarding the policy of the Fed. “The data indicates a decline in investor appetite for ETP/ETF amid expectations that the […]

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ForkLog 13 18.04.2024

The Crucial Role of the $60,000 Threshold for Bitcoin’s Price Stability

Should Bitcoin fail to maintain the $60,000 level, it risks a decline to $52,000 before resuming its upward trajectory, according to CryptoQuant. Experts noted that a pessimistic outcome is not inevitable, thanks to the dominance of ETF purchases. Institutional clients could absorb the excess supply resulting from liquidations triggered by a breach of $60,000. Analysts […]

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ForkLog 47 17.04.2024

CoinGecko Identifies Seven Key Metrics of the Crypto Market in Q1

Following a robust fourth quarter in 2023, the total market capitalization of the cryptocurrency sector continued its upward trajectory, reaching a peak of $2.9 trillion on March 13. CoinGecko analyzed the trends of the past three months and highlighted seven key points reflecting the industry’s state. Bitcoin Surge From January to March, the leading cryptocurrency […]

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ForkLog 40 17.04.2024

Trader Loses $529,000 as USDP Stablecoin Surges Above $1.18

On April 16, the price of Paxos’ stablecoin USDP soared past $1.18. This deviation from its peg resulted in the liquidation of $529,000 USDC for one trader, according to PeckShield. #PeckShieldAlert #Liquidation An address (0x09a5…a87f) was liquidated ~529K $USDC after $USDP (Pax Dollar) surged to $1.18 pic.twitter.com/UbWxx8kZU4 — PeckShieldAlert (@PeckShieldAlert) April 17, 2024 The anomaly […]

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ForkLog 17 17.04.2024

Bernstein Sets Bitcoin Target Post-Halving

By the end of the year, Bitcoin is expected to rise to $80,000-$90,000, reaching $150,000 at its peak in 2025. The demand for ETFs from institutional investors will drive the new all-time high. The halving will lead to a 7% reduction in hash rate. Following the upcoming halving, Bitcoin is anticipated to resume its rally […]

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ForkLog 5 17.04.2024

Analysts Highlight Potential for Significant Ethereum Correction

The Ethereum derivatives market has developed pessimistic expectations regarding the near-term price outlook, according to The Block. “Near-term options indicate risks of sharp movement in either direction,” stated QCP Capital. Cryptocurrency derivatives trader Gordon Grant reached similar conclusions. “You can see a significant divergence in Ethereum options compared to digital gold. The term structure remains […]

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ForkLog 16 16.04.2024

Bitfinex Identifies a ‘2020 Pattern’ Preceding Bitcoin Surge

A significant reduction in the inactive supply of the leading cryptocurrency, which has been changing for over a year, suggests asset withdrawal from exchanges or sales by long-term holders, according to a report by Bitfinex. Volume of Bitcoin held by long-term holders. Source: Bitfinex. Current actions by bitcoin investors mirror the pattern observed in December […]

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ForkLog 8 16.04.2024

10x Research Founder Warns of Impending Market Correction

Markets for risk assets, including cryptocurrencies, are approaching a “critical turning point” that could lead to a significant correction, according to Markus Thielen, head of 10x Research. We Sold Everything Last Night -> ?1-11) Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction (see […]

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ForkLog 21 16.04.2024

Analysts Examine USDe Stablecoin Vulnerabilities Amid Market Volatility

In a bear market, rewards from shorts on derivatives may be insufficient to maintain USDe’s stability. Concerns arise over the diversification of centralized partners. The growth of the “synthetic dollar” could limit the capacity of the crypto derivatives market. To gain trust, USDe from Ethena Labs must demonstrate resilience in adverse market conditions. Experts outlined […]

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ForkLog 9 15.04.2024

Analyst Predicts Bear Market if Bitcoin Falls Below $59,000

Should the price of the leading cryptocurrency drop below the short-term holders’ support level of $58,900, the market risks entering a bearish phase, according to analyst and CMCC Crest co-founder Willy Woo. Here’s how the markets look to me. $58.9k STH support, if this breaks we move to a bear market. CVD selloff has peaked, […]

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ForkLog 8 15.04.2024

Ethereum Funds Experience Fifth Consecutive Week of Outflows

Cryptocurrency investment products saw an outflow of $126 million from April 6 to April 12, including $28.7 million from Ethereum funds, according to analysts at CoinShares. In the previous two weeks, there was a combined inflow of $646 million and $862 million. Experts attributed the trend reversal to “market participants’ uncertainty” amid a pause in […]

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ForkLog 17 15.04.2024

Ethereum Lending Protocol Liquidations Surpass $127 Million

In the first two weeks of April, the volume of liquidated positions in Ethereum’s lending markets reached $127.8 million, exceeding monthly figures not seen since at least June 2022, according to The Block. The dramatic events of summer 2022 were driven by investors’ reactions to the collapse of Terra. The publication noted that the surge […]

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