Market Analysis | ForkLog

ForkLog 4 11.04.2024

Ethereum Faces High Volatility Amid ETF Decision Deadlines, Expert Warns

The implied volatility of Ethereum options expiring at the end of May indicates significant price fluctuations due to uncertainties surrounding the approval of a spot ETF. This was reported by Ruslan Lienkha, Head of Markets at YouHodler, to The Block. The publication noted that May 23 marks the final deadline for the SEC to decide […]

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ForkLog 1 11.04.2024

Expert Sees No Signs of Bull Market Ending

The continued rise in the price of the leading cryptocurrency in 2024 is predetermined by additional inflows into American spot bitcoin ETFs, according to CryptoQuant. Analysts explained that even from a conservative perspective, new ATH levels should be expected. Experts noted that only three months have passed since the formation of a large wave of […]

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ForkLog 3 08.04.2024

Crypto Funds Experience Record Inflows in 2023, Analysts Report

Between March 30 and April 5, cryptocurrency investment products saw inflows of $646 million, bringing total inflows for the year to a record $13.8 billion, according to analysts at CoinShares. Data: CoinShares. Investors allocated $663 million to bitcoin-related instruments, compared to the previous figure of $865 million. For the third consecutive week, clients have been […]

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ForkLog 17 05.04.2024

Bitcoin Resilience, Uniswap’s $2 Trillion Milestone, and Solana’s Ongoing Woes: A Market Overview

Bitcoin shows resilience amid bearish selling, while Solana faces transaction processing difficulties. ForkLog compiles the latest news and expert opinions on the market situation. Bitcoin’s Strength The leading cryptocurrency holds steady at $66,000-$67,000 despite trader pressure. Sellers have failed to trigger a classic bull market correction in this cycle, according to analyst Checkmate. Still my […]

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ForkLog 2 03.04.2024

Bitcoin’s Post-Halving Performance Analysed by Experts

The value of the leading cryptocurrency increased by an average of 3230% in the 12 months following a halving, according to estimates from CoinGecko. How has Bitcoin price performed after each halving? Our latest study shows that, on average, #Bitcoin price returned 3,230% gains within one year after each halving event. Read the full study: […]

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ForkLog 16 03.04.2024

Bitcoin Sales from Silk Road and Ethereum’s Quarterly Earnings: A Crypto Market Analysis

Following a correction, Bitcoin regained some ground, and other digital assets also showed positive trends. The current market is highly sensitive to news, prompting ForkLog to analyze recent events and gather expert opinions on the industry’s state. Sales and Purchases On April 2, a U.S. government-controlled wallet initiated a transfer of approximately 2,000 BTC (~$131 […]

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ForkLog 9 03.04.2024

KuCoin’s Market Share Halves Following US Regulatory Scrutiny

KuCoin’s market share fell from 6.5% to less than 3%. The platform’s client asset coverage level was 112%, with a 20% drop in deposited assets. KuCoin’s market share has more than halved, dropping from 6.5% to less than 3%, while daily trading volume decreased from $2 billion to $520 million, according to Kaiko analysts. Kucoin’s […]

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ForkLog 13 02.04.2024

Bitcoin ETF Outflows Resume: IBIT and FBTC Inflows Fail to Counter GBTC Impact

On April 1, net outflows from spot Bitcoin ETFs reached $85.8 million. The trend turned negative again on the fifth trading day due to Grayscale’s GBTC, which saw $302.6 million in client funds withdrawn, according to SoSoValue. Data: SoSoValue. Inflows into BlackRock’s IBIT amounted to $165.85 million, while Fidelity’s FBTC saw $44 million. This was […]

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ForkLog 3 01.04.2024

Interest in Crypto Funds Revives After Record $942 Million Outflow

Cryptocurrency investment products saw inflows of $862 million from March 23 to March 29, following a $942 million outflow the previous week, according to CoinShares analysts. A recovery for Bitcoin ETFs, with US$862m inflows last week pic.twitter.com/D1OWUSdGIU — James Butterfill (@jbutterfill) April 1, 2024 Amid Bitcoin’s recovery to $70,000, assets under management increased from $88.2 […]

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ForkLog 17 28.03.2024

BlackRock’s Bitcoin Holdings Surpass $17 Billion

The volume of bitcoins acquired by BlackRock’s Shares Bitcoin Trust (IBIT) has increased to 245,951 BTC (~$17.47 billion) after 11 weeks of trading, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) holds 143,720 BTC ($10.21 billion), according to data from BuyBitcoinWorldwide. In third place among competitors, the GBTC — ARK 21Shares Bitcoin ETF (ARKB) — has […]

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ForkLog 11 28.03.2024

Bitcoin Options Open Interest for March Expiry Reaches Record High

The open interest (OI) for bitcoin options expiring on March 29 has surged to an unprecedented $9.5 billion, according to The Block, citing Deribit. Contracts expiring on Friday account for 40% of the total OI, noted representatives of the crypto derivatives platform. Data: Deribit. According to The Block, open interest for bitcoin options expiring in […]

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ForkLog 16 26.03.2024

Bitcoin Surges Past $71,000 Amid Rising Investment Demand

On March 26, the price of the leading cryptocurrency once again surpassed $71,000, gaining 6% in a day. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the coin is trading at $71,260. Its market capitalization stands at $1.4 trillion with a trading volume of $45 billion, according to CoinGecko. Following Bitcoin, […]

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