Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week. The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs, making… Source link

Ethereum Ethereum rallied by 11.07% on Friday. Partially reversing Thursday’s 19.35% slump, Ethereum ended the day at $1,233.60. A bearish start to the day saw Ethereum slide to an early morning intraday low $1,039.62 before making a move. Steering clear of the first major support level at $998, Ethereum rallied to a late intraday high $1,275.99. While coming up short of the first major resistance level at $1,307, Ethereum broke through the 23.6% FIB of $1,119. A bearish end to the day saw… Source link

Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is rallying hard in 2021 so far. Bitcoin (BTC) trading around $33,608 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours. Bitcoin’s 24-hour range: $28,845-$33,873 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 19.Source: TradingView

The recent surge in popular cryptocurrency Bitcoin (CCC:BTC-USD) has sparked an increase in other cryptocurrencies’ prices. Right now, Ethereum’s (CCC:ETH-USD) Ether is the second most valuable altcoin and is up roughly 100% in the past month. Source: Shutterstock As such, institutional investors should start looking at Ethereum with similar engrossment as they do Bitcoin — the cryptocurrency should grow substantially following a constriction in supply as well as with the… Source link

Bitcoin has had a volatile couple of weeks after hitting a record high of close to $42,000 R.Tsubin/Getty Images The bitcoin price was set for its biggest one-week fall since September on Friday morning, having slipped around 9% since Monday. Bitcoin – which hit an all-time high of close to $42,000 on January 8 – tumbled to around $28,000 in early Asia trading. But it then recovered to around $32,537 by Friday morning. That means it is down about 9.2% since Monday, putting it… Source link

Bitcoin has lost a tenth of its value this week, putting it on course for its worst run since a steep sell-off in September, as global regulators turn their gaze towards the controversial cryptocurrency. Despite a mini-rally on Friday, bitcoin was trading around $32,000 by late afternoon in London — on track for a second consecutive weekly drop after a dramatic rally through the turn of the year. The move lower had been stoked by industry reports that the same token had… Source link

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s fall on the price charts had a lasting impact on many of the market’s altcoins. Privacy coin Monero saw its price drop dramatically, with XMR registering losses to the tune of close to 20 percent. In the coming days, it will be interesting to see if Monero is able to recover its sudden losses. Interestingly, despite the substantial drop in price… Source link

Bitcoin (BTC) appeared to stabilize above $31,000 after Thursday’s plunge, the biggest since March.  “A break of $30,000 could have been bad news but it managed to turn things round,” Craig Erlam, senior market analyst for the London-based foreign-exchange brokerage Oanda, told clients early Friday in an email. “We may see a small rebound now, just as we did earlier this month. But the price action we’ve seen this month suggests there’s some nervousness around these levels.”

Back in the Picture Photographer: Jack Taylor/Getty Images  Investors let out a $58 billion sigh of relief after Alibaba Group founder Jack Ma appeared in public for the first time in months.  His brief comments on philanthropy at a live-streamed event to honor rural teachers sparked an 8.5% share-price rally in the e-commerce giant. Ma had not been seen since late last year when… Source link

Bitcoin’s shorter-term price woes are likely not over yet, analysts say, with one predicting a decline to $26,000. The cryptocurrency fell by 13% on Thursday in a spot market sell-off, hitting a low of $28,845 earlier on Friday, the lowest level since Jan. 4. In the hours since, the cryptocurrency has regained some poise to trade back above $31,000. “I’m not sure the low of $28,000 seen early Friday is the bottom,” Ki-Young Ju, CEO of blockchain analytics firm CryptoQuant, told… Source link