Market Analysis | ForkLog

ForkLog 10 25.10.2023

Galaxy Digital analysts forecast inflows into the spot Bitcoin ETF

Galaxy Digital: in the first year after launch inflows into the spot Bitcoin ETF will be $14 billion, in the second year $27 billion, and in the third year $39 billion.

AI translated

ForkLog 12 25.10.2023

CoinGecko report: decline in NFT trading volume and interest

From July through September, the crypto market's capitalisation fell by 10%, but year to date it rose 35%. NFT trading volume declined by 55.6%, as did overall interest in the segment.

AI translated

ForkLog 18 24.10.2023

Open interest in CME Bitcoin futures hits a new high

Open interest in CME Bitcoin futures first surpassed 100,000 BTC. This drew the attention of K33 Research analyst Vetle Lunde.

AI translated

ForkLog 23 24.10.2023

Glassnode: Bitcoin clears a string of key resistance levels

Glassnode: Bitcoin hit a new high since the start of the year, breaking through key barriers near $28,000 as technical (200D MA, 200W MA) and on-chain in nature.

AI translated

ForkLog 16 23.10.2023

Altcoin favourites. What explains the SOL and LINK rally?

As a rule, together with the rise of Bitcoin the rest of the market follows with a small lag. However two altcoins — Solana (SOL) and Chainlink (LINK) — managed to outpace the leading cryptocurrency over the past week.

AI translated

ForkLog 8 23.10.2023

Bitcoin-ETF approval expectations support inflows into crypto funds

CoinShares: inflows into cryptocurrency investment products from October 14 to 20 totaled $66 million, versus $15.2 million a week earlier.

AI translated

ForkLog 20 23.10.2023

Bitcoin dominance reaches two-year high

On October 21, the Bitcoin dominance index reached 52.76% — the highest reading since April 2021.

AI translated

ForkLog 18 20.10.2023

Decline in market capitalisation and L1 activity — Binance Q3 report

Binance released a report on the state of the crypto market for Q3. According to the document, the three months proved difficult — overall industry capitalisation fell by 8.6%.

AI translated

ForkLog 19 19.10.2023

Matrixport: ETF approval could push Bitcoin to $56,000

Approval by the SEC to launch a spot Bitcoin ETF will lay the groundwork for Bitcoin's price to rise to $42,000–$56,000, according to Matrixport analysts.

AI translated

ForkLog 22 19.10.2023

Analysts outline features of Bitcoin price recovery

The current Bitcoin market structure shows similarities to the recovery phase after bear-dominated periods in 2016 and 2019, according to Glassnode experts.

AI translated

ForkLog 18 19.10.2023

QCP Capital: Bitcoin poised for decline despite hopes of ETF approval

Experts at QCP Capital questioned the SEC's readiness to approve the spot Bitcoin ETF by year-end, leaving BTC at the mercy of macro factors. The latest data point to downside risks.

AI translated

ForkLog 21 17.10.2023

CryptoQuant: Spot Bitcoin ETF approval would push Bitcoin to $50,000–73,000

The cryptocurrency market’s capitalization would rise by $1 trillion if a spot Bitcoin-ETF is approved in the United States. Analysts at CryptoQuant have provided such estimates.

AI translated

#Market Analysis