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ForkLog 10 19.02.2024

Five Catalysts That Could Propel Bitcoin Beyond $70,000

The leading cryptocurrency has an 85% chance of reaching a new all-time high within the next six months, driven by several factors. This was stated by Lucas Outumuro, head of research at IntoTheBlock. “Given the recent momentum, market participants are wondering when the ATH will be reached. […] There are five main catalysts that could […]

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ForkLog 44 16.02.2024

AlphaQuest Reports on the Surge of ‘Dead’ Cryptocurrencies

The year 2023 has proven to be the most challenging for crypto projects in the latest four-year cycle, with developers abandoning 59.35% of tokens tracked on CoinMarketCap. This is according to research by AlphaQuest. Percentage of ‘dead’ coins from 2020 to 2023. Data: AlphaQuest. High Mortality Rate Analysts examined over 12,000 projects, identifying ‘dead’ ones […]

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ForkLog 36 16.02.2024

CoinMetrics Assesses the Cost of a 51% Attack on Bitcoin and Ethereum

States can no longer destroy Bitcoin and Ethereum networks through a 51% attack due to the “astronomical” costs involved, according to CoinMetrics experts. How much does it cost to 51% attack Bitcoin and Ethereum? To find out, we simulated what an attack would look like. Our paper, Breaking BFT, was published today with some interesting […]

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ForkLog 11 15.02.2024

CoinGecko: US Commands 83% of Global Spot Bitcoin ETF Market

The United States holds a commanding 83.3% share of the global spot Bitcoin ETF market, valued at $41.74 billion, according to CoinGecko experts. Curious about the countries with spot Bitcoin ETFs? Spot #Bitcoin ETFs are now incorporated in 11 countries worldwide and traded in just 6 geographical markets. The leading spot Bitcoin ETF markets are […]

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ForkLog 18 15.02.2024

Starknet Foundation to Unlock 1.3 Billion STRK for Developers and Investors

On April 15, 1.314 billion STRK will be distributed among investors and developers—nearly double the amount of the airdrop. The community has labeled the actions as fraudulent. The fully diluted market value of StarkNet could exceed $16 billion. The Starknet Foundation will unlock 1.314 billion native tokens of the Ethereum-based StarkNet Layer 2 network, valued […]

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ForkLog 15 14.02.2024

Daily Inflows to Bitcoin ETFs Return to Record Levels

On February 13, the net inflow of assets into spot Bitcoin ETFs reached $631.2 million, second only to the first day of trading for these products, which saw $655.2 million. Same data in BTC terms. +12,736 BTC flow on 13th Feb 2024 pic.twitter.com/ogUVHjVDbZ — BitMEX Research (@BitMEXResearch) February 14, 2024 In terms of Bitcoin, the […]

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ForkLog 42 14.02.2024

Forbes Recognizes Three Crypto Firms Among Top 50 Fintech Companies

Chainalysis, Fireblocks, and Gauntlet have been included in Forbes’ list of the top 50 fintech companies for 2024. “Only three [firms] from the blockchain sector, recovering from major scandals and bankruptcies, were included. These are startups aimed at building a more reliable and secure infrastructure for the future,” the publication noted. Journalists highlighted that overall […]

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ForkLog 15 14.02.2024

Experts Revise Bitcoin Forecasts for 2024

Former BitMEX CEO Arthur Hayes closed March bitcoin puts with a strike of $35,000 and anticipates a new ATH. CryptoQuant pointed to $104,000–112,000 as a target, with $55,000–59,000 in a pessimistic scenario. SkyBridge Capital founder Anthony Scaramucci urged buying digital gold at current levels without hesitation. Former BitMEX CEO Arthur Hayes has abandoned his previous […]

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ForkLog 15 13.02.2024

Whale Bitcoin Movements Detected by Experts

Since November 2023, long-term investors have withdrawn approximately 148,000 BTC from wallets. According to Glassnode, this trend indicates the start of profit-taking by this market segment. #Bitcoin investors have been rewarded for their patience and conviction, with BTC prices rallying to multi-year highs above $50k. The volume of supply held at a loss is also […]

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ForkLog 14 13.02.2024

Bitcoin Options Traders Bet on Rally to $65,000

Market participants are forming positions on call options for digital gold in the $65,000-$75,000 range, with execution in the second quarter. Over the past three days, net inflow into spot Bitcoin ETFs has exceeded $1.5 billion. In recent days, the volume of open positions on call options expiring in April-June with strike prices of $65,000, […]

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ForkLog 16 12.02.2024

Grayscale Anticipates Positive Bitcoin Market Structure Post-Halving

Fundamental shifts in supply and demand dynamics, alongside other factors, are likely to positively influence Bitcoin prices following the halving, according to Grayscale. NEW REPORT: fundamental onchain activity and positive market structure updates could make the spring 2024 $BTC halving fundamentally different from the ones that came before. pic.twitter.com/SIjBg11cpV — Grayscale (@Grayscale) February 9, 2024 […]

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ForkLog 14 12.02.2024

Bitcoin Enters ‘High Risk’ Mode, Experts Warn

Glassnode identified a “risk zone” in the on-chain indicators system. Increased net inflow into spot Bitcoin ETFs has underpinned market recovery. Technical analysts warned of strong resistance at $50,000. Several on-chain indicators have entered what is termed a “risk zone,” potentially signaling the early stages of a bull market, according to Glassnode. Discover more in […]

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