Market Analysis | ForkLog

ForkLog 15 28.02.2023

Bernstein analysts flag decline in cryptocurrencies’ correlation with the US stock market

The correlation of cryptocurrencies with US equities and macroeconomic events is weakening amid bitcoin's current flat price action.

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ForkLog 9 21.02.2023

Opinion: Bitcoin’s next target is $30,000

Bitcoin price reached the 200 WMA (near $25,100); breaking above it could open the path to $30,000. The last time this level was seen was shortly before the Terra collapse, according to LookIntoBitcoin.

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ForkLog 7 21.02.2023

Glassnode flags changes in Bitcoin investor behaviour

Bitcoin's price stays near the $25,000 psychological level despite U.S. regulatory pressure, with Glassnode analysts attributing this to a notable shift in market participant behavior.

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ForkLog 24 21.02.2023

Blur NFT marketplace leads NFT trading volume

Over the last seven days, Blur's NFT trading volume rose by 445%, to $519.17 million. The marketplace overtook OpenSea on this metric, according to DappRadar.

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ForkLog 5 20.02.2023

Investors trim exposure to crypto funds amid regulatory pressure

Net outflows from cryptocurrency investment products from February 11–17 totaled $31.7 million, the largest since December 2022, according to CoinShares.

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ForkLog 4 16.02.2023

Analysts record $1.6 billion USDC conversion into cryptocurrencies

The rise of Bitcoin and Ethereum was in part enabled by the conversion of $1.6 billion USDC into cryptocurrencies from February 10, according to Lookonchain.

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ForkLog 10 14.02.2023

Glassnode links Bitcoin network congestion to NFT emergence

The Ordinals phenomenon — a protocol for creating the first NFTs on the Bitcoin blockchain — has generated increased load on the network. Analysts at Glassnode highlighted this trend.

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ForkLog 16 07.02.2023

Glassnode notes transitional phase from bear to bull market

There is a cyclic transition in the Bitcoin market, driven by a sharp change in the balance of profits and losses. Glassnode analysts say as much.

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ForkLog 17 01.02.2023

Everscale price up 400% since the start of the year; team explains drivers

The price of Everscale (EVER) has risen by more than 400% since the start of 2023, with a 7-day gain of over 140%. In ForkLog, Broxus founder Sergey Shashev explained the reasons for the price rise.

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ForkLog 15 31.01.2023

Trading volume on the DeFi platform dYdX in 2022 reached $466 billion

Trading volume on dYdX for the full year 2022 reached $466.3 billion.

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ForkLog 8 31.01.2023

Experts link Bitcoin pullback to hedging ahead of Fed meeting

Bitcoin's price on January 30 fell by almost 4% as risk appetite waned ahead of Wednesday's Fed meeting. There was no significant activity hedging positions through options, according to Blofin Academy.

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ForkLog 12 31.01.2023

Glassnode: Bitcoin recovers from the fallout of the FTX collapse

Strong spot-market demand and January short-covering spurred Bitcoin's biggest rally since October 2021. For the first time since the FTX collapse, futures moved into contango, and exchange outflows shifted to inflows.

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