Chainlink (LINK) Defies Market Sentiment, Bitcoin (BTC) Stalls at $26.5K (Weekend Watch)

by ChainChirp
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Bitcoin did not reclaim the $27,000 stage yesterday and has stalled at round $26,500 as of now.

The altcoins are in no higher form, with minor losses coming from most larger-cap ones. Chainlink is the one one with a notable worth improve.

BTC Again at $26.5K

Final week was expectedly much less unstable, other than a short spike on Saturday that pushed bitcoin to a then-multi-day peak of $26,400. After failing to proceed upwards, BTC retraced to $26,000 and spent the remainder of the weekend there.

Monday didn’t begin all that positively both, however completed that means. Bitcoin went on the offensive and soared above $27,000 for the primary time in weeks. It dumped shortly after, however the bulls stored the strain on and pushed the cryptocurrency to a brand new 20-day peak at $27,500 on Tuesday.

The following few days had been somewhat calm, with BTC sustaining the $27,000 even after the US Federal Reserve’s resolution to cease elevating the rates of interest. But, bitcoin’s momentum disappeared by Friday, and it fell right down to $26,400.

It tried to bounce off by the tip of the day however failed and at the moment stands at $26,500. Its market cap is south of $520 billion, whereas its dominance over the alts remains to be simply inches above 49%.

BTCUSD. Supply: TradingView

LINK in Inexperienced

Most altcoins are additionally calmer on a every day scale. On the one hand, ETH, BNB, DOGE, ADA, DOT, MATIC, and LTC have charted minor losses, whereas on the opposite, XRP, TRX, TON, and SHIB are barely within the inexperienced.

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Solana has retraced probably the most from the larger-cap alts, having misplaced over 1%. Consequently, SOL struggles at slightly below $20.

In distinction, Chainlink’s native token has soared by about 5% and trades above $7. THETA is the opposite notable gainer from the highest 100 alts, having surged by 8%.

Total, although, the full crypto market cap has remained comparatively nonetheless at simply over $1.060 trillion on CMC.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Supply: Quantify Crypto

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Cryptocurrency charts by TradingView.

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