Market Analysis | ForkLog

ForkLog 7 29.08.2023

Bloomberg Analyst Says a Drop to $10,000 Would Not Hurt Bitcoin

The senior Bloomberg analyst Mike McGlone compared Bitcoin's metrics with those of the stock market and concluded that even a drop to $10,000 would not significantly shake the coin's position.

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ForkLog 10 29.08.2023

Bitcoin trading volume falls to five-year lows

On August 12, Bitcoin trading volume on spot and derivative exchanges fell to 112,317 BTC — the lowest since November 10, 2018, according to CryptoQuant.

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ForkLog 14 22.08.2023

RSI indicator signals Bitcoin’s most oversold level since 2020

The Relative Strength Index (RSI) on Bitcoin's chart fell below 20 for the first time since March 2020. Back then, the price plunged below $4,000 amid COVID-19.

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ForkLog 13 22.08.2023

Glassnode: Bitcoin crash leaves only 12% of coins in profit for speculators

The largest BTC drop of the year (7.2%) increased the share of loss-making coins among short-term investors to 88.3%. Glassnode provided such assessments.

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ForkLog 16 22.08.2023

Analysts quantify the ‘X’ multiples of Binance Launchpad’s most successful projects

Since Binance Launchpad began in December 2017, the value of the ten tokens from the most successful Binance Launchpad projects has risen by 113x to 1,649x, according to CoinGecko.

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ForkLog 16 21.08.2023

Delay in SEC decision on Bitcoin ETF triggers outflows from Bitcoin funds

CoinShares: outflows from cryptocurrency investment products from August 12 to 18 totaled $55.4 million.

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ForkLog 17 18.08.2023

Experts Identify Possible Causes of Bitcoin’s Decline

In the evening of August 17, Bitcoin's price fell sharply from $28,000 to $25,000, with a slight rebound by then. Community members tried to explain the situation.

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ForkLog 25 15.08.2023

Analysts detect extreme apathy in Bitcoin market

The market for digital gold has reached a stage of extreme apathy and depletion, and volatility indicators have reached record-low levels. Analysts at Glassnode reached this conclusion.

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ForkLog 18 15.08.2023

Portrait of a Russian crypto investor — KuCoin study

KuCoin has identified what the average Russian crypto investor looks like. We compare these data with Germany and Japan.

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ForkLog 16 15.08.2023

Bitcoin volatility falls to a record low as volumes slump

The 30-day Bitcoin volatility on an annualized basis fell to 15.5% — the lowest on record. The Block reports.

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ForkLog 9 11.08.2023

Genesis Trading identifies potential drivers for the crypto industry

The market for crypto derivatives is poised for a significant rise in volumes amid liquidity problems in the spot trading sector and a shift toward derivative instruments. This conclusion was reached by Genesis Trading analysts.

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ForkLog 8 08.08.2023

P2E token trading volumes slump by 98%

Trading volumes of top Play-to-Earn (P2E) tokens fell by 98% from the market peak in November 2021, according to Kaiko Research.

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