While Bitcoin is struggling to break past the resistance at $11,400-11,500, Chainlink (LINK) is surging higher. In the past 24 hours as per data from Coin Market Cap, the popular altcoin has gained 12% against the U.S. dollar. Against BTC, LINK has gained closer to 9.5%. With this latest leg higher, the asset has become…
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After spending over two years running atop the worst crypto market performers list, XRP has potentially begun a long-term recovery. According to technical analysis patterns and statistics, a short-term target for XRP may be closer to 40 cents per token. After that, a far larger surge is possible. Here’s what Ripple’s long road to recovery…
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Tezos has seen some strong price action in recent weeks, with its price facing some choppy trading throughout the past couple of days. It appears that the cryptocurrency’s recent price action has become decorrelated from that seen by Bitcoin and the rest of the market, and is showing some striking similarities to that seen by…
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The growth in Ethereum’s decentralized finance space has been one of the biggest wealth-generation events in the crypto space of the past year. Coins pertaining to “DeFi,” as this part of cryptocurrency has been dubbed, have literally gone parabolic. Simultaneously, there have been extremely high yields/interest rates offered on certain DeFi products. The profits made…
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Bitcoin started a fresh increase above the $11,000 level against the US Dollar. BTC must surpass the $11,500 resistance zone to continue higher in the near term. Bitcoin is trading nicely above the $11,000 and $11,200 support levels. The price seems to be facing a major hurdle near the $11,450 and $11,500 resistance levels. There…
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Chainlink has seen some volatile price action throughout the past couple of days, with its price oscillating between lows of $7.40 and highs of $8.80. This volatility has come as it decouples from the price action seen by Bitcoin and the aggregated crypto market – which, for the time being, is a positive technical development.…
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The dollar sank in July to the lowest point in two years in response to more stimulus money being printed to inflate the economy. At the same time, Bitcoin spiked to the highest level in over a year. The dollar has since bounced, and the leading cryptocurrency by market cap experienced its first powerful pullback…
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Cardano (ADA) has been one of the strongest major cryptocurrencies throughout the past year. The token has been posting consistent gains since the start of the year, which has been driven by massive inflows of new investors as well as some positive fundamental developments. One such development would be the recent Shelley mainnet upgrade, which…
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Overnight on Saturday, in the late hours of the night, Bitcoin price flash crashed by over 10% and $1,400 in just ten minutes. But what caused such a massive crash in the cryptocurrency, and how can investors and traders prepare for such an unpredictable event? 3/10 The moment BTC hit $12,000 was right afer midnight…
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Bitcoin has been caught within the throes of a firm and unwavering bull trend throughout the past few weeks. After hovering within the lower-$9,000 region for over a month, the crypto’s breakout rally sent it as high as $12,000 this past weekend, at which point it met some insurmountable resistance. After declining back towards $11,000…
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