Market Analysis | ForkLog

ForkLog 24 30.05.2024

Notcoin Surges 30% in a Day as Trading Volume Exceeds Market Cap

On May 30, the gaming token Notcoin (NOT) surged by 30% to reach $0.012. Its market capitalization hit $1.22 billion with a trading volume of $1.29 billion, according to CoinGecko. 15-minute chart of NOT/USDT on Binance. Data: TradingView. The weekly gain of the asset was nearly 130%. At the time of writing, the project ranks […]

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ForkLog 8 28.05.2024

Investors Pour Over $1 Billion into Crypto Products in a Week

From May 18 to 24, inflows into cryptocurrency investment products reached $1.05 billion, marking a positive trend for the third consecutive week. This is according to a report by CoinShares. Data: CoinShares. Since the beginning of the year, inflows have totaled $14.9 billion. The weekly trading volume of ETP increased by 28% to $13.6 billion. […]

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ForkLog 6 28.05.2024

Market Optimism Grows as Call Options on Ethereum Dominate

Market participants are showing optimism towards Ethereum, as indicated by the rise in open interest for call options on the digital asset, according to analysts at QCP Capital. Experts observed that on May 27, ETH “rose from $3810 to $3940, likely due to comments from [presidential candidate] Donald Trump in support of cryptocurrencies.” At the […]

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ForkLog 6 24.05.2024

Ethereum Dips Below $3700 Following ETF Approval: Analysts Weigh In

Following the approval by the SEC of Form 19b-4 applications for launching spot Ethereum ETFs, the underlying asset fell by 7.5%—from $3950 to $3650. 15-minute ETH/USDT chart on Binance. Data: TradingView. Briefly, the cryptocurrency dipped below $3500. At the time of writing, ETH had recovered to $3710. Julio Moreno, Head of Research at CryptoQuant, noted […]

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ForkLog 10 21.05.2024

Analysts Predict Ethereum Volatility Amid ETF Hype

The narrative surrounding the launch of spot Ethereum ETFs could increase the volatility of the second-largest cryptocurrency by market capitalization, according to several industry analysts. On May 20, media reported that the SEC requested companies to update form 19b-4 in their applications for the launch of the instrument. Following the news, ETH’s price exceeded $3600. […]

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ForkLog 10 20.05.2024

Crypto Funds Attract $932 Million Following US Inflation Report

Inflows into cryptocurrency investment products from May 11 to May 17 amounted to $932 million, according to calculations by CoinShares. Data: CoinShares. Analysts noted that the inflow was an “immediate response” to the US inflation data, with the last three trading days of the week accounting for 89% of the total flows. Clients directed $942 […]

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ForkLog 38 16.05.2024

Meme Coins Outperform Broader Cryptocurrency Market

In the past 24 hours, the total capitalization of meme tokens rose by 8.1%, surpassing the broader crypto market’s growth of 5%. Meme coin capitalization. Data: CoinGecko. PEPE showed the most significant increase in the category, rising nearly 27% over the week to reach a new all-time high of $0.000011. The main meme tokens — […]

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ForkLog 72 16.05.2024

Bitcoin Surges Past $66,000: Analysis and Expert Forecasts

On May 16, following the release of macroeconomic data in the United States, the leading cryptocurrency surpassed the $66,000 mark, gaining nearly 7% in a day. ForkLog reports on the market’s condition and shares insights from consulted experts. At the time of writing, Bitcoin is trading at $66,240, with a market capitalization of $1.3 trillion […]

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ForkLog 22 16.05.2024

Institutional Interest: 937 Firms Invest $11 Billion in Bitcoin ETFs in Q1

937 institutional investors allocated $11.06 billion to spot Bitcoin ETFs in the first quarter. In July, Vanguard will be led by Salim Ramji, the creator of IBIT from BlackRock. Experts suggest the company might join the race for Bitcoin-based exchange-traded funds. As of March 31, 937 institutions had invested $11.06 billion in U.S. spot BTC-ETF […]

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ForkLog 13 15.05.2024

US Inflation Slows, Bitcoin Holds Above $64,000

Annual inflation in the United States slowed to 3.4% in April from 3.5%, aligning with consensus forecasts. On a monthly basis, the consumer price index rose by 0.3%, compared to expectations of 0.4% and the same figure for March. Excluding food and energy prices, the index increased by 0.3% from the previous month and by […]

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ForkLog 10 14.05.2024

Ethereum Options Market Sees Increased Bets on Price Surpassing $3600

The distribution of Ethereum options expiring in June indicates a rise in bets on the asset moving above $3600, according to data from Deribit. Data: The Block. The volume of open call options at the specified strike price has increased to $161.4 million, second only to the $6500 strike ($193.9 million). Overall, open interest for […]

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ForkLog 8 13.05.2024

Renewed Interest in Crypto Funds After Four Weeks of Outflows

Inflows into cryptocurrency investment products amounted to $130 million from May 4 to May 10, according to calculations by CoinShares. Data: CoinShares. Trading volumes for ETP fell from an April average of $17 billion to $8 billion. The share of crypto products in the total turnover of digital assets on reputable platforms dropped from 31% […]

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