Market Analysis | ForkLog

ForkLog 6 21.06.2023

Nansen outlines conditions for Bitcoin’s bull rally

For a renewed Bitcoin bull market, regulatory clarity in the United States and a sustained decline in underlying inflation are required. That was the conclusion reached by analytics firm Nansen.

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ForkLog 6 20.06.2023

Analysts report continued ‘hangover’ among Bitcoin investors.

Glassnode: by most measures of market activity, excitement among Bitcoin investors gives way to apathy, hodlers continue to accumulate coins.

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ForkLog 5 19.06.2023

Crypto-fund outflows extend for the ninth consecutive week

CoinShares: outflows from cryptocurrency investment products from 10 to 16 June totalled $5.1 million, against $88 million a week earlier.

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ForkLog 10 15.06.2023

Bitcoin dominance index hits 2021 high

The Bitcoin dominance index reached 45.84% for the first time since July 2021.

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ForkLog 8 15.06.2023

Binance.US market share in the United States falls to a record low

Binance.US's share of the U.S. Bitcoin exchange market fell to 2.7%, the lowest since December 2020, according to data from analytics service Kaiko.

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ForkLog 9 14.06.2023

Analysts weigh on-chain data in wake of SEC lawsuits against Binance and Coinbase

Glassnode: relatively low realization of profits and losses, coupled with a lack of reaction from holders, suggests investors' indifference to the SEC lawsuits against Binance and Coinbase.

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ForkLog 7 12.06.2023

Binance.US market depth collapses by 78%

After the SEC filed its lawsuit, market depth for the 25 leading crypto assets on Binance.US fell by 78%, Kaiko analysts noted.

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ForkLog 9 12.06.2023

Glassnode: Bitcoin miners sent $70m to exchanges over the week

From June 5 to 11, miners sent to exchanges digital gold worth $70.8 million.

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ForkLog 7 06.06.2023

Glassnode: SEC filing spurred 10,500 BTC outflow from Binance balances

Since the SEC filed charges against Binance, the exchange's Bitcoin balances have fallen by 10,500 BTC. Across the platform's history, there have been only 11 days when this figure was higher, according to Glassnode.

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ForkLog 9 06.06.2023

Analysts record a decline in risk appetite in the crypto market

Glassnode: low exchange volumes, the dominance of algorithmic trading in DeFi, and rising demand for USDT and BTC point to a preference for 'capital parking'.

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ForkLog 8 05.06.2023

Outflows from crypto funds continued for the seventh week in a row

Outflows from cryptocurrency investment products from May 27 to June 2 totalled $61.5 million, up from $39.3 million a week earlier. This assessment was provided by CoinShares analysts.

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ForkLog 9 05.06.2023

VanEck forecast Ethereum to reach $11,800 by 2030

The fair price of Ethereum is $5,300, and by 2030 the asset could rise to $11,800. These estimates were made by VanEck after incorporating into the scenario model the use of cryptocurrency as an alternative to U.S. government bonds.

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