Market Analysis | ForkLog

ForkLog 17 06.10.2020

Researcher: Bitcoin–S&P 500 correlation strengthens in falling markets

Bitcoin is fairly closely correlated with American stocks. The statistical relationship is strongest during periods of turbulence in global financial markets and is almost absent during periods of price stability. This observation was shared by The Block researcher Larry Chermak.

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ForkLog 9 05.10.2020

Bitcoin-exchange trading volumes in September exceeded $169 billion

The Block's Real Volume index recorded a total trading turnover of more than $169 billion in September, the edition reported.

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ForkLog 14 03.10.2020

DEX trading volumes in September topped $23 billion

DEX trading volumes for September totaled about $23.5 billion, according to The Block.

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ForkLog 9 01.10.2020

Analyst suspects Ethereum miners of manipulating block contents

Development of decentralised finance could push Ethereum miners toward dishonest play. An analyst and cryptocurrency researcher using the pseudonym Frank Topbottom noticed suspicious arrangement of transactions in blocks.

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ForkLog 6 30.09.2020

Coin Metrics: 93% of the top 250 cryptocurrencies have fallen since the start of September

September proved not to be a particularly good month for cryptocurrencies — many popular coins fell in value. The correction also touched DeFi tokens, despite their robust growth over the past months.

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ForkLog 6 27.09.2020

Analysis of futures reports: the $10,000 and $11,000 levels will determine Bitcoin’s next move

Futures reports are a useful tool for traders to capture sentiment among major players and complement the view of the market. On the mood among Bitcoin whales, ForkLog spoke with analyst Dmitry Perepelkin.

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ForkLog 10 25.09.2020

Stablecoins’ aggregate value tops $20 billion

Over the last 12 months, the aggregate market capitalization of stablecoins rose by 300%, topping $20 billion.

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ForkLog 10 24.09.2020

Opinion: Bitcoin could fall below $9,000 if the stock market crashes

BTC's correlation with U.S. stocks threatens to push the first cryptocurrency below $9,000. The view was voiced by Ronnie Moas, founder of Standpoint Research.

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ForkLog 18 24.09.2020

Bitcoin’s realized market capitalization hits an all-time high

The realized market cap of Bitcoin, which accounts for the price at the last activity, rose by $43 billion (+60%) from the 2017-2018 levels. According to Glassnode, the current value of the metric stands at $115 billion.

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ForkLog 11 24.09.2020

Bitcoin exchange balances fell to end-2018 levels

Since March 13, the total amount of deposits in the leading cryptocurrency on major exchanges has fallen by 372,700 coins to 2.59 million BTC. The last time such low readings were observed was in November 2018.

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ForkLog 13 24.09.2020

Bloomberg analyst: Bitcoin’s fair value is $15,000

Bloomberg Intelligence's chief commodities strategist Mike McGlone believes Bitcoin should be valued at $15,000. He arrived at this conclusion by examining the growth in active addresses since 2017, according to Cointelegraph.

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ForkLog 8 23.09.2020

Binance Futures trading volume since the start of the year reaches $1 trillion

Trading volume on the Binance Futures derivatives platform since the start of 2020 has reached $1 trillion.

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