As Bitcoin price slowly regains momentum, many altcoins have been rewarding traders by rallying to new all-time highs. On August 11 MicroStrategy, the world’s largest publicly traded business intelligence company, announced that it had ditched fiat currency and built its primary treasury reserve with Bitcoin (BTC). The company’s CEO Michael J. Saylor believes that the…
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Strong growth in the DeFi sector led Band Protocol (BAND) and Chainlink (LINK) to gain more than 100% over the past few weeks. This week Bitcoin (BTC) price is making waves as the digital asset finally pushed above the $12K mark, but prior to this move, altcoins have been strongly outpeforming BTC for weeks. Two…
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Bitcoin price continues to decline at $12,000, but altcoins have taken advantage of the range bound action by rallying higher. Traders prefer to trade a trending market as it generally moves in one direction and the retracements offer low-risk entry opportunities. This is because a trade that follows the major trend carries a greater possibility…
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A massive short squeeze in the futures market is the likely reason behind Chainlink (LINK) price surging by 52% on Saturday. Chainlink (LINK) price continues to set new records as the DeFi-related token surged 52% to reach a new all-time high at $13.8799 today. Over the last 24-hours, LINK has surged by 52%, rallying from…
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Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside. The U.S. Federal Reserve has been contemplating a change in the way it responds to a possible increase in inflation. Previously, the Fed would kickstart tightening if its models forecast a 2% inflation increase. However, this…
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Chainlink rival BAND, the native token of Band Protocol, has soared by 65% in one day after Coinbase announced its listing among other factors. Band Protocol (BAND), a rival blockchain network to Chainlink (LINK) — which is also at an all-time high — surged by 65%. Within 24 hours, BAND rose from $4.825 to $8,…
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The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip. August 2 the total crypto market capitalization dropped from about $359 billion to $310 billion within a few minutes of Bitcoin (BTC) price surging above the $12K mark. A fall of such magnitude usually drives…
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Bitcoin price corrected sharply after reaching $12,000 but the strong bounce from BTC and altcoins shows bulls are intent on pushing prices higher. Bitcoin’s (BTC) rally above the $10,000–$10,400 zone has attracted several traders who had been waiting for a trending move to start. Yusuke Otsuka, the co-founder of Japanese crypto exchange Coincheck, said that…
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Chainlink, one of the best-performing altcoins in 2020, is seeing consistent improvement in cryptocurrency community sentiment and social media presence. Chainlink (LINK), one of the best-performing alternative cryptocurrencies (altcoins) in 2020, saw another statistic reach a record high, namely the number of Twitter followers. According to market data and research firm CryptoCompare, social media followers…
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Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600. Bitcoin (BTC) has covered a considerable amount of ground over the past few years. Initially considered as an asset mostly used for unlawful activities, it has finally received the approval of the Office of the Comptroller…
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