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Chainlink plunged during the Thursday trading session in what appears to be a sell-off caused by profit-takers. The latest decline appeared as a part of a downside correction that started a day after Chainlink set an all-time high at $8.93. Meanwhile, favorable fundamentals in the form of new strategic partnerships kept the
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Bitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals.Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms in over a year, according to Glassnode data.The bulk
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In summary:In the last 24 hours, Bitcoin has fallen from around $9,700 to a local bottom of $9,281.The team at Glassnode observed that June 23rd saw the largest flow of Bitcoin from miners to exchanges in over a year.2,650 BTC was transferred to Bitfinex during that time. Bitcoin’s journey to $10,000
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Decentralized finance has been branded as one of Ethereum’s — and crypto’s — killer use cases over recent months. But from a dollar perspective, this market segment has not seen as much market penetration as its proponents would believe is “fair.”Yet while DeFi continues to gain steam as other blockchains
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A glance at “Crypto Twitter” shows that the blockchain industry is oversaturated by speculators that lack financial literacy. This is the main reason why different communities surrounding a particular cryptocurrency, such as the “XRP army,” will do everything in their power to defend their views even when there is undeniable
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Bitcoin (BTC) price dropped from $10,000 to $8,100 within just over a day, as it plunged by 9% in a single hour. It liquidated $200 million worth of shorts, obliterating the futures market.The three key reasons that triggered the immense Bitcoin correction were: strong multi-year resistance area above $10,000, whales
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Bitcoin is down more than 10% from the $10,090 high against the US Dollar. BTC found support near the 100-day simple moving average and it could start a fresh increase.Bitcoin climbed to a new monthly high at $10,097 before starting a downside correction.The recent pre-halving dump found support near the
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In brief: The price of US Crude oil fell hard to $0 with its futures contracts going as far down as $-40. The once in a lifetime event, shook the crypto markets with Bitcoin (BTC) going back below $7,000. At the time of writing this, the price of Ethereum (ETH) is holding the
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The recent COVID-19 market crash has reduced the risk of a halving price dump and could have set up a Bitcoin bullrun, some cryptocurrency experts believe.Earlier today Chainalysis brought together a group of industry experts for an online panel to discuss the impact of COVID-19 on Bitcoin and what
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The number of wallet addresses with small Bitcoin (BTC) holdings has increased significantly since the crash of March 12, 2020 — ‘Black Thursday,’ when the price of BTC fell to $3,800. Retail Traders Bought the Dip During the Last Bitcoin Crash According to Coin Metric’s “State of the Network” report published on
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