Market Analysis | ForkLog

ForkLog 15 05.06.2023

Bitcoin volatility slips below Meta and Amazon shares

The 30D-MA bitcoin volatility on a yearly basis fell from the asset's long-run average of about 71% to 32%. By this measure, digital gold proved more resilient than Meta and Amazon shares.

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ForkLog 10 02.06.2023

Mike Novogratz says the crypto market is apathetic as institutions retreat

There has recently been a lack of interest among institutional investors in buying cryptocurrencies, which has affected overall enthusiasm. Galaxy Digital CEO Mike Novogratz said so in an interview with CNBC.

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ForkLog 7 01.06.2023

Activity on cryptocurrency exchanges falls to the lowest since October 2020

Trading volumes on centralized cryptocurrency exchanges in May fell to the lowest level since October 2020, around $424 billion.

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ForkLog 8 30.05.2023

Analysts forecast Bitcoin breakout from its current trading range

Glassnode: given extremely low volatility and narrow trading ranges, the Bitcoin market's current balance is likely to be breached soon.

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ForkLog 12 26.05.2023

JPMorgan flags $45,000 as a guide for Bitcoin’s rally

A price of $2,000 per troy ounce of gold is equivalent to about $45,000 in Bitcoin, as the two assets typically move in tandem and are seen as alternatives. JPMorgan analysts arrived at this conclusion.

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ForkLog 5 25.05.2023

Expert points to prospects for Bitcoin rally resuming

LookIntoBitcoin: Bitcoin's price fell to a ten-week low, but the technical setup still signals an uptrend.

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ForkLog 10 23.05.2023

Glassnode: Hodlers Await Bitcoin Rally Before Selling

Glassnode: tight BTC range coincided with extremely low on-chain value transfer. Most coins are dormant, waiting for higher prices.

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ForkLog 6 22.05.2023

Crypto fund outflows continue for a fifth week in a row

Outflows from cryptocurrency investment products from May 6 to May 12 totalled $32.1 million, compared with $53.8 million a week earlier.

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ForkLog 9 15.05.2023

Outflows from crypto funds extend for the fourth week in a row

Outflows from cryptocurrency investment products for the week of 29 April to 5 May totalled $53.8 million, compared with $72.1 million a week earlier. Analysts at CoinShares estimated the figure.

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ForkLog 15 15.05.2023

Analysts flag weakening of the Bitcoin–Ethereum correlation

The 30-day moving average of the correlation coefficient between Bitcoin and Ethereum slipped below 0.8 — to 0.78. A similar situation has not been seen since November 2021, according to Kaiko.

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ForkLog 4 15.05.2023

Glassnode: Bitcoin addresses holding at least 1 BTC exceed one million

The number of Bitcoin addresses containing at least 1 BTC has surpassed 1 million, according to Glassnode.

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ForkLog 6 04.05.2023

Report: Shapella activation spurs growth in the DeFi segment

Against the backdrop of the activation of Shapella in the Ethereum network, the TVL in smart contracts of decentralized applications rose above $90 billion in April.

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