Chainlink (LINK) is exploding higher once again. In the past 24 hours, the leading altcoin has surged 12.33% against the U.S. dollar, outperforming Bitcoin’s 0.5% performance. At the $19.00 price that LINK is trading at, the cryptocurrency is at an all-time high. This is the latest high in series of higher highs set over recent…
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Bitcoin’s multi-week consolidation phase comes close on the heels of the strong uptrend that the cryptocurrency was able to post late last month. Despite its macro outlook remaining incredibly strong, it appears that Bitcoin’s short-term outlook is being impeded by the heavy resistance at $12,000. Buyers attempted to shatter this level yesterday, although the selling…
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Another week, another round of Crypto Tidbits. It’s been another volatile week for the Bitcoin market. In the past seven days, the leading cryptocurrency has traded at both $11,100 and $12,000, whipsawing between the levels as the price enters a consolidation. Ethereum, on the other hand, has been surging higher; ETH now trades for $440 as…
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As Bitcoin continues establishing its position as a major asset on the global stage, its correlation to other markets has been shifting. Although it was strikingly correlated to the stock market in late-February and early-March, its price action has since broken this, now becoming more closely tied to gold and other precious metals. An interesting…
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Ethereum has a transaction fee problem, similar to the one it and Bitcoin faced in 2017 and early 2018. On August 12th, the cost of Ethereum “gas,” how transaction fees are calculated, hit 277 Gwei. By this writer’s estimates, that means that sending ETH was $2.25, sending ERC-20 was around $5, and trading on Uniswap…
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Tezos has seen some relatively strong price action over the past couple of weeks, but the uptrend it incurred around this time last week is starting to stall. It appears that the resistance laced throughout the mid-$4.00 region is quite intense, which has been stopping it from posting any further gains as of late. Analysts…
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Stellar Lumens (XLM) has retraced against Bitcoin over recent days, failing to follow other leading altcoins higher. Indicators suggest the altcoin may soon outperform Bitcoin — a sentiment in line with those shared by crypto traders. Related Reading: “Rich Dad Poor Dad” Author: Bitcoin Could Soon Become the “Fastest Horse” Stellar Lumens Could Bounce Against Bitcoin…
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Bitcoin and major altcoins have been breaking out all across the crypto space. Several other top altcoins across the top 100 by market cap also saw strong rallies, but a handful of top altcoins like Tron and Litecoin have lagged behind. Chart patterns had shown similar price action as other alts ahead of major breakouts,…
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XRP’s recent rally has taken a pause, leaving crypto investors scratching their heads wondering which way the altcoin will turn next. Will it fall deeper into the throes of the bear market, or will the asset finally repeat the performance that took it to over $3.50 per token? If a strength measuring tool is any…
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It’s been an explosive past few days for Ethereum. After consolidating under $400 for a number of days, the leading cryptocurrency shot higher on Thursday and then continued its ascent into Friday. As of this article’s writing, ETH is up 12% in the past 24 hours. It trades at $444, surging decisively past the previous…
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