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ForkLog 10 24.01.2024

Arthur Hayes Predicts Bitcoin Drop Below $35,000 Amid “Excessive” Inflation

Arthur Hayes has forecasted a decline in Bitcoin prices below $35,000, citing the Federal Reserve’s policies and Middle Eastern conflicts as key factors. Other crypto experts are divided, with expectations ranging from $20,000 to $60,000. The leading cryptocurrency faces the risk of falling below $35,000 due to global macroeconomic and political upheavals, according to former […]

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ForkLog 6 24.01.2024

CoinShares Analysts Predict Bitcoin Surge to $58,700

Approval of a spot Bitcoin ETF and the anticipated easing of the Fed’s monetary policy in the first half of 2024 will drive the price of digital gold to approximately $58,700, according to CoinShares analysts in their annual report. The experts presented a matrix showing the correlation between inflows as a percentage of AUM for […]

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ForkLog 13 24.01.2024

Tornado Cash Developers Launch Fundraising for Legal Defense

Co-founders of Tornado Cash, Roman Storm and Alexey Pertsev, have established the JusticeDAO fund to raise money for legal representation. 2024 is the year that will define the rest of my life.Honestly, I’m scared. But also hopeful that this community cares with a passion.Please donate towards my legal defense.https://t.co/dQ7SCBesIm pic.twitter.com/0jeievSUxc — Roman S (@rstormsf) January […]

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ForkLog 16 24.01.2024

Shift in Interest Towards Altcoins Following ETF Approval

The approval of spot Bitcoin ETFs has become a classic “sell the news” event, leading to a capital rotation into Ethereum, Solana, and altcoins in general. This trend was analyzed by Glassnode. Analysts noted that after the collapse of FTX, Bitcoin’s dominance increased from 38.9% to 49.8% at the expense of stablecoins (whose share fell […]

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ForkLog 16 24.01.2024

Hester Peirce Advocates for Spot Ethereum-ETF Approval Without Court Ruling

Hester Peirce believes a court ruling is unnecessary for the approval of spot Ethereum-ETFs. The chances of product approval in May are estimated at 50-70%. SEC sources suggest that Chairman Gary Gensler may eventually relent and not obstruct the instrument’s registration. Spot Ethereum-ETFs do not require a court ruling for approval, according to SEC Commissioner […]

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ForkLog 17 23.01.2024

Rival Bitcoin ETFs Attract Over 100,000 BTC

Nine “new” spot Bitcoin ETFs have attracted 109,221 BTC. Due to GBTC sales, net outflows from instruments on January 22 reached 4,537 BTC ($179.6 million). Traders do not rule out a decline in Bitcoin to $36,000. The volume of coins held by spot Bitcoin ETFs, excluding the Grayscale Bitcoin Trust (GBTC), has reached 109,221 BTC […]

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ForkLog 16 23.01.2024

Expert Affirms Theoretical Possibility of Lifting Bitcoin’s Supply Cap

Bitcoin developers could theoretically remove the 21 million coin supply cap, though miners are unlikely to accept such a change. This view was expressed by Cointelegraph analyst Trezor Josef Tetek. In recent critical remarks about digital gold, JPMorgan CEO Jamie Dimon once again questioned the asset’s supply limit. Is Increasing the Supply Cap Feasible? Casa […]

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ForkLog 15 23.01.2024

SEC and Binance Present Arguments on Digital Assets in Court

On January 22, hearings took place in the case of the SEC against the cryptocurrency exchange Binance. Both parties responded to the judge’s questions regarding the nature of digital assets. The regulator filed a lawsuit against the trading platform and its former CEO, Changpeng Zhao, on June 5, 2023, bringing 13 charges, including the sale […]

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ForkLog 9 23.01.2024

FTX Offloads $908 Million in GBTC Shares Amid Bankruptcy Proceedings

FTX sold $908 million worth of GBTC shares. Outflows from GBTC have surged to $3.45 billion. Panic selling has emerged, yet the market remains relatively balanced. Amid bankruptcy proceedings, FTX has offloaded 22.3 million shares of GBTC valued at approximately $908 million as of January 11. This was reported by CoinDesk, citing informed sources. FTX’s […]

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ForkLog 27 22.01.2024

China’s Crypto Traders Evade Ban with Innovative Tactics

Despite Beijing’s 2021 ban on cryptocurrency trading, a thriving underground market for digital assets persists in the country, reports the WSJ. According to the publication, investors are using VPN services, social networks, and in-person transactions. China’s Crypto Market Survives Crackdown Measures taken by authorities throughout 2021 to tighten policies on cryptocurrencies and mining effectively banned […]

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ForkLog 16 20.01.2024

Peter Schiff Predicts Further Bitcoin Decline

Peter Schiff, President of Euro Pacific Capital and a critic of the leading cryptocurrency, has stated that he anticipates a continued decline in the value of digital gold, citing a decrease in demand for spot bitcoin ETFs. The reason that investor buying of the new #BitcoinETFs isn’t pushing up the price of #Bitcoin is that […]

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ForkLog 10 19.01.2024

Experts Discuss the Adverse Impact of ETFs on Bitcoin’s Price

Analysts note price consolidation and liquidity redistribution in the exchange-traded funds market. However, Bitcoin may experience further correction as Grayscale’s GBTC investors take profits. Despite high trading volumes of spot Bitcoin ETFs, the asset’s price is showing a negative trend. On the evening of January 18, the price of the leading cryptocurrency fell below $42,000. […]

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