Market Analysis | ForkLog

ForkLog 17 04.05.2023

Trust Wallet Adds Support for Sui Network

The cryptocurrency wallet Trust Wallet integrated the Layer 1 blockchain Sui Network.

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ForkLog 7 02.05.2023

As the Fed meeting nears, bearish sentiment weighs on crypto funds

Net outflows from cryptocurrency investment products from 22 to 28 April amounted to $72.1m, compared with $30.4m a week earlier. CoinShares analysts provided the assessment.

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ForkLog 9 02.05.2023

Analysts dispute the influence of ‘old whales’ on Bitcoin’s price

Sell orders by 'new investors' at around the $30,000 level became the main factor in halting Bitcoin's rally. Rumors about Mt.Gox clients' sales, US government actions, and the revival of the 'ancient' 3,200 BTC led only to volatility, Glassnode said.

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ForkLog 7 01.05.2023

PEPE ranks third by market capitalization among meme tokens

In the last 24 hours, the Pepe (PEPE) token rose by 126%, taking third place by market capitalization among meme coins.

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ForkLog 10 25.04.2023

Glassnode: The $30,000 test undermined Bitcoin bulls’ confidence

The shift into 'profit' positions among Bitcoin speculators has made the picture of accumulation and distribution less straightforward. This has prevented the price from holding above $30,000, Glassnode noted.

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ForkLog 10 19.04.2023

PEPE meme token jumps 217% in 24 hours

Launched on April 14, the Pepe (PEPE) meme token surged more than 217% in the past 24 hours, yet users cannot sell the coin due to a liquidity crunch.

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ForkLog 8 19.04.2023

Bitcoin price sinks below $30,000; Ethereum trades under $2,000

On Wednesday, March 19, Bitcoin's price fell 3.1% in an hour to $29,000. Ethereum and other cryptocurrencies also showed sharp declines.

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ForkLog 9 18.04.2023

Experts forecast Bitcoin to reach $45,000 by May 20

If the bear-market pattern of the 2018-2019 bear market repeats in duration and trajectory, Bitcoin could reach $45,000 by May 20.

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ForkLog 9 18.04.2023

Analysts say the bear market in Bitcoin has ended

Bitcoin price sits above an accumulation cluster of $16,000–$25,000, where most coins have moved to buyers. On-chain indicators show the bear phase in Bitcoin's market has ended, according to Glassnode.

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ForkLog 6 17.04.2023

Crypto fund inflows extend fourth consecutive week.

Net inflows to crypto investment products from April 8–14 reached $114 million, up from $57 million a week earlier, according to CoinShares.

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ForkLog 9 11.04.2023

Inflows into crypto funds resume

Inflows into cryptocurrency investment products for 1–7 April totaled $57 million, up from $2.5 million the previous week. Such assessment was provided by CoinShares analysts.

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ForkLog 9 04.04.2023

Analysts assess Binance’s market share after CFTC claims

The cessation of zero-fee trading on a range of instruments and the CFTC lawsuit in Q1 contributed to Binance's decline in the spot market share from 70% to 54%, Kaiko analysts say.

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