Chainlink Forms Crucial Ascending Triangle as Analysts Eye Move to $15

All eyes are on Chainlink (LINK) as the altcoin market resumes its recovery. The price of the leading cryptocurrency has gained 25% in the past week, reclaiming the $13 support as buyers have flooded back in. Chainlink is primed to move higher in the weeks ahead, analysts say. They cite positive fundamental trends and technical formations on the chart. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Chainlink Forms Bullish Pattern Analysts are optimistic about Chainlink as the cryptocurrency forms a short-term uptrend after plunging last…

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Chainlink is an Inch Away from Breaking a Key Resistance Level: Analyst

Chainlink has firmly broken above the $13.00 level that has been suppressing its price action for the past few weeks. This is a notable breakout and suggests that the crypto may be on the cusp of seeing significantly further upside. Its price has been stuck below this level for the past several weeks, and breaking above it today was a major step towards it revisiting its previous all-time highs in the weeks ahead. Analysts are now widely flipping long on the cryptocurrency, with its ongoing upswing being bolstered by a…

Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract

Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up. Bitcoin (BTC) trading around $15,694 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the previous 24 hours. Bitcoin’s 24-hour range: $15,293-$15,973 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Nov. 9.Source: TradingView Bitcoin’s price was back on a bullish run Wednesday, heading as high as $15,973 around 18:00 UTC (2 p.m. ET) before slipping somewhat, at $15,694 as of press time.  Constantin Kogan, managing partner at…

VeChain charts 23% weekly growth as Chinese officials talk usage post-epidemic

The price of VeChain (VET) extended its rally on Wednesday, building off a solid week of gains following discussions with Chinese government officials centered on a post-epidemic health response.  VeChain rose 2% on Wednesday to reach $0.011669, according to CoinMarketCap. Over the past seven days, the supply-chain management cryptocurrency is up over 23%. Only two other top-30 coins — NEM (XEM) and Chainlink (LINK) — have outperformed VET over the past seven days. Source: CoinMarketCap At current values, VeChain has a market capitalization of $751 million. The cryptocurrency’s uptrend appears…

MicroStrategy CEO: Bitcoin Is "a Million Times Better" Than Gold as a Store of Value

Michael Saylor, Chief Executive Officer of MicroStrategy, said in an interview with CoinDesk yesterday that holding gold is an archaic way of storing value. Saylor adds that Bitcoin leads all other kinds of assets, even going as far as to say that it is a “million times better” than gold as a store of value. Fiat and Gold’s Value Is Depreciating The statement follows MicroStrategy’s decision to pour its investments into Bitcoin after buying $425 million worth of the digital currency. According to Saylor, the current set-up of the financial…

OCC is too caught up in crypto under former Coinbase exec, congresspeople say

Brian Brooks, the former Coinbase executive turned leader of the U.S. Office of the Comptroller of the Currency, or OCC, recently received a letter from multiple members of Congress expressing concerns over his crypto-heavy leadership. The letter, from Stephen Lynch and Rashida Tlaib, two congresspeople for Massachusetts and Michigan respectively, also holds signatures from Jesús García, Deb Haaland, Barbara Lee and Ayanna Pressley — representatives from Illinois, New Mexico, California and Massachusetts.  The letter references the OCC's "recent unilateral actions in the digital financial activities space, including interpretive letters on cryptocurrency custody,…