Chainlink emerged as one of the best cryptocurrency performers on Sept. 6 as the price of its LINK token jumped 8.25% against the U.S. dollar. The LINK/USD exchange rate reached $36.35 for the first time since May 20, months after bottoming out near $13.45 — thus recovering by more than 170% altogether. At the same time, its recent bout of buying saw prices bringing in about 36% month-to-date returns. Ecosystem growth Optimism Ethereum announced on Sept. 1 that it had integrated… Source link

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin. Dado Ruvic/Reuters Ethereum recorded negative daily net issuance for the first time on Friday, The Block data shows. Analysts said a boom in NFTs was pushing up use of the network – leading to more tokens being burned. A network overhaul in August led to some of each transaction fee being “burned”, or destroyed. See more stories on Insider’s business page. More ether was burned than created on… Source link

Monero price remains buoyed above $300 as extreme greed drives the crypto market. The crypto fear and greed index is currently at $79 compared to the previous session and week’s level of $73. Notably, the bullish sentiment boosted the leading cryptocurrency to its highest level since mid-May at $52,256.12. At the same time, various altcoins, just like Monero price, have exhibited a similar trend. For instance, Ethereum Classic surged to its highest level… Source link

Bitcoin (BTC) began testing new support levels on Monday after an overnight rally paused at $52,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Bitcoin needs to keep $47,000 to avoid “breakdown” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD challenging $51,000 after breaking through the level for the first time in nearly four months. In so doing, the largest cryptocurrency was “likely” testing the staying power of support, which had acted as… Source link

Bitcoin has been touted as the digital gold in various quarters, and an investment trust now believes the cryptocurrency’s upward potential is massive. Bitcoin Still Has A Massive Upward Potential Bitcoin has been one of the leading financial assets in the world over the past decade, delivering thousands of percentages in profits to the early investors. The past few months have seen numerous hedge funds and other institutional investors enter the cryptocurrency market. Their entry marks a… Source link

advertisement The aggregated open interest of Ethereum futures reached an all-time high today, just four months after the overall crypto market’s fallback. According to data from Bybt, Ethereum’s futures open interest hit $11.68 billion for the first time, as of 10:00 UTC time. This shows a sharp resurgance after a big drop. These levels were last seen in mid-May, when the crypto markets were at their highest. When prices dropped, open interest fell too, reaching as low as $4.43 billion… Source link

Ethereum price continues to consolidate as it prepares to breach $4,000 and climb higher. ETH layer two and adoption continue to progress in the right direction after the recent London hard fork. A retest of the all-time high at $4,372 is plausible if ETH bulls remain optimistic. Ethereum price is coiling up after tagging a crucial psychological level. Investors can expect ETH to shoot higher as the overall outlook of the cryptocurrency market remains optimistic…. Source link

The Litecoin price jumped on Monday as the overall mood of cryptocurrencies improved. The LTC token jumped to $230, which was the highest level since May 14. This price was also about 120% above the lowest level since July 20th.  LTC follows BTC In an interview early this year, Litecoin’s founder, Charlie Lee made the case that Litecoin was the closest rival to Bitcoin. Besides, the two cryptocurrencies use the same technology, with the main difference… Source link

Ethereum Ethereum rose by 1.66% on Sunday. Reversing a 1.33% loss from Saturday, Ethereum ended the week up by 22.49% to $3,952.17. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,835.70 before making a move. Steering clear of the first major support level at $3,825, Ethereum rallied to a late intraday high $3,982.64. Ethereum broke through the first major resistance level at $3,960 before easing back. At the time of writing, Ethereum was down by 0.29% to $3,940.60…. Source link