The Chainlink’s crypto token hit a new record on Wednesday even as its top rivals continued to underperform amidst a gloomy market outlook.Dubbed as LINK, the eleventh-largest cryptocurrency climbed 27 percent this week to establish an all-time high of $4.92. It performed similarly well against bitcoin, rising by more than 22 percent to 55,683 sats…
Bitcoin plunged on Tuesday, dropping by $157, to circa $8,757. But there could be profits as more traders view the benchmark cryptocurrency as safety against ultralow interest rates, according to popular market analyst Ivan Liljeqvist.The Stockholm-based blockchain influencer said the central banks are blowing the global economy unsustainably via artificial money printing and unnecessary rate cut programs.…
A Coronavirus-induced sell-off led Bitcoin SV down by 46 percent in February, but the cryptocurrency is showing signs of healthy upside retracement heading into March.The controversial cryptocurrency surged by more than 14 percent on a month-to-date basis as buying sentiments erupted across the crypto market. The move led the BSV-to-dollar exchange rate to its new…
Yesterday, it was revealed that an activist hedge fund has intentions to remove Twitter’s CEO, Jack Dorsey. Crypto, interestingly enough, could be negatively affected by this move.Hedge Fund Seeks To Oust Twitter CEO, Jack DorseyWhile Jack Dorsey has made his love for Bitcoin and crypto a big part of his personal brand over the past…
Chainlink’s native token LINK was among the biggest gainers as a majority of assets in the crypto market plunged deeply earlier this week.The eleventh-largest cryptocurrency beat the bearish odds to grow by more than 40 percent since February 26. It established a week-to-day high at $4.38 in early Saturday trading, hinting its inclination to behave…
Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover.The bitcoin-to-dollar exchange rate slipped below both the 50- and 200-DMA earlier this week,…
Bitcoin and the crypto market haven’t been the only assets falling over the past week or two.This week marked one of the stock markets and commodity market’s worst performances in history, with the S&P 500 and Dow Jones falling by around 12% from their all-time highs established just earlier this month. It was so bad…
Litecoin will be coming thousands of regular cash machines in South Korea. The Litecoin Foundation has just partnered with MeconCash, allowing ATM users to convert LTC to fiat at real world locations.The partnership may serve to drive adoption of a crypto asset for which staying relevant seems a particular struggle.New Partnership Enables LTC to Fiat…
A technical correction lately drove the XRP price lower by circa 36 percent. And there is a strong likelihood that it will fall further.That is according to Ripple Labs, a San Francisco-based blockchain payment firm, that holds about 60 percent of total XRP supply. The company uttered the bearish scenario about the cryptocurrency as it…
Bitcoin fell to its three-week low as investors’ concerns about the fast-spreading Coronavirus continued to hurt global market sentiment.The benchmark cryptocurrency was trading at $9,081 during the early morning trade in Europe, down by up to 2.41 percent. The move downside extended bitcoin’s weekly losses to 8.87 percent, confirming that its medium-term bullish sentiment took…