Demand for Chainlink skyrocketed following the weekly candlestick open. As buy orders began to pile up, the decentralized oracles token saw its price rise by 38.5%. LINK surged from $4.75 to reach a new all-time high of $6.60. Despite the substantial upswing, investors seem to have taken advantage of the price action to take profits.…
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Bitcoin faced a grim rejection at $9,500 earlier this week that has caused its price to flash some notable signs of weakness. This rejection has now caused the crypto to set another “lower high” – further bolstering the bear case and causing BTC to be prone to seeing further near-term downside. One analyst is now…
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The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month. Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher. It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down. Ethereum has set a…
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Over the past few weeks, many analysts have questioned if Bitcoin is really on the verge of a bull market. After a strong rally in March, April, and May, the cryptocurrency sustained a heavy rejection at $10,500 at the start of June. Bitcoin’s inability to cross $10,500 has been seen as a strong blow to…
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Ethereum started a downside correction from the $248-$250 resistance zone against the US Dollar. ETH could extend its decline, but it must stay above $230 for hopes of a fresh increase. Ethereum is correcting lower and trading near the $235 support zone. The price is now trading below the $242 pivot level and the 100…
DetailsOKEx is known for its constant innovation and introduction of new features. One of the latest developments is the listing of the Compound project’s COMP token which is also available for Spot trading, Margin Trading and Savings and Perpetual Swap Trading. In a recent interview, CEO of OKEx Jay Hao explained how the Compound protocol…
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Ripple traded to a new monthly high at $0.2118 against the US Dollar. XRP price is currently correcting lower, but dips remain well supported near $0.1980 and the 100 hourly SMA. Ripple started a downside correction after trading as high as $0.2118 against the US dollar. The price is currently testing the $0.2000 support and…
DetailsAltcoins have been all the rage over recent weeks, rallying dozens of percent as Bitcoin has stalled in the $9,000s. No better has this been exemplified than in BTC dominance — the percentage of the cryptocurrency market made up by BTC. The metric was recently rejected at an important trendline, analysts say, signaling an impending…
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Bitcoin started a downside correction after it was rejected near $9,500 against the US Dollar. BTC is now trading near the main $9,200 support and it could either start a fresh increase or dive to $9,000. Bitcoin is correcting lower and approaching the $9,200 and $9,180 support levels. The price is currently trading below the…
DetailsA new report from Reuters is claiming that the crypto trading platform Coinbase is in the process of filing for a direct listing in the U.S. markets. The potential listing remains in its early stages, and the company has yet to be approved by the Securities and Exchange Commission for a public listing. If this…
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