Market Analysis | ForkLog

ForkLog 9 10.06.2021

Raymond James assigns Coinbase stock an underperform rating

Coinbase stock is expected to underperform the market amid rising competition, according to Raymond James analysts via CNBC.

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ForkLog 8 09.06.2021

Coin Metrics co-founder outlines key directions for the industry

Coin Metrics co-founder Nick Carter was among the participants at the Bitcoin conference in Miami held during the first weekend of June. After speaking with like-minded colleagues, he presented his view of the industry's future.

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ForkLog 11 08.06.2021

Glassnode: Bitcoin and Ethereum on-chain activity falls to 2018 levels

Metrics for active users, on-chain value transferred, and transaction fees in the Bitcoin network for the prior week fell to levels seen at the end of 2020 and the start of 2021. These observations were shared by Glassnode analysts.

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ForkLog 10 08.06.2021

Experts identify the key level below which Bitcoin’s bear market would begin

The current correction in Bitcoin is linked to the alleged tightening of cryptocurrency regulation in the United States relating to the de-anonymisation of transactions. However, there is no talk yet of a sustained bear trend. This is according to experts surveyed by ForkLog.

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ForkLog 2 05.06.2021

Cryptocurrencies, equities and commodities: weekly analysis from Currency.com

Currency.com analyst Mikhail Karhalev explained who sold Bitcoin at the end of May, which stocks could rise in June, and what traders can expect from the upcoming OPEC+ meeting.

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ForkLog 7 01.06.2021

Active Bitcoin addresses fall to a six-month low

Events in May 2021 led to a reduction in Bitcoin's on-chain activity. The seven-day moving average of active addresses fell to its lowest since November 2020, according to Arcane Research.

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ForkLog 14 01.06.2021

Bitcoin linked to 2012 Bitfloor hack moves.

BTCparser.com recorded the withdrawal of 900 BTC from a 'sleeping' wallet that had received them on 16 August 2012 from the Bitfloor exchange, which was hacked later.

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ForkLog 19 01.06.2021

Only twice was it worse: Bitcoin fell 34.5% in May

May 2021 proved to be the third-largest percentage drop in Bitcoin's price in the history of the premier cryptocurrency. BTC closed the past month down 34.5% at $37,340. In November 2018 the price of digital gold fell 37%, and in September 2011 by 40%.

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ForkLog 13 27.05.2021

Glassnode: DeFi sector resists panic on May 19

The DeFi sector showed resilience during the May 19 crash and extreme gas prices. This manifested in high activity on the DEX, robustness of liquidation and arbitrage mechanisms, and the pegging of stablecoins, according to Glassnode analysts.

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ForkLog 11 26.05.2021

DBS finds bitcoin volatility affecting the stock market

The correlation between bitcoin and S&P 500 futures widens as price swings in the first cryptocurrency intensify. Analysts at DBS, Singapore's largest bank, пришли to that conclusion.

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ForkLog 11 25.05.2021

Bitcoin holders register unprecedented losses as market rout deepens

From May 17 to 23, the volume of losses recorded by Bitcoin holders reached a historic high of $14.2 billion. The scale of capitulation surpassed previous records in March 2020 and in January–February 2018, according to Glassnode.

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ForkLog 11 20.05.2021

Guggenheim Partners call cryptocurrencies a bubble amid market rout

Investment director Scott Minerd of Guggenheim Partners called cryptocurrencies a bubble, likening the market situation to 'tulipmania'.

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