This Chainlink (LINK) Fractal Predicts the 50% Correction Is Over

Chainlink has experienced a strong correction over the past few days as Bitcoin and Ethereum has dropped. The leading cryptocurrency dropped over 50% from its all-time high around $20 to local lows around $9 in the span of a few weeks. The cryptocurrency has since bounced. According to CoinGecko data, LINK now trades for $11.50, bouncing in tandem with Bitcoin, Ethereum, and other top cryptocurrencies. Although BTC remains on thin ice due to its inability to reclaim $10,500 as support, an analyst is optimistic that LINK has room to rally…

Bitcoin Tapping This Key Trendline Could Spark an Explosive Move Higher

Bitcoin has been seeing some rocky price action throughout the past couple of days. There has been an err of caution amongst investors in recent days, with Bitcoin’s position around $10,000 suggesting that its price action in the coming few days and weeks will be pivotal for understanding where it will trend in the days, weeks, and months ahead. Earlier today, bears did try to break the support that sits at $10,000, and they were almost successful. After pushing BTC as low as $9,900, the cryptocurrency’s price saw a massive…

Schiff buys more Bitcoin: But there’s a twist

The vast majority of Twitter users trust 18-year-old Spencer Schiff’s investment advice over that of his father, Peter Schiff — a renowned gold bug and Bitcoin critic. “Against my advice my son just bought even more Bitcoin,” said Schiff. “Whose advice do you want to follow?” Against my advice my son @SchiffSpencer just bought even more #Bitcoin. Whose advice do you want to follow? A 57-year-old experienced investor/business owner who’s been an investment professional for over 30 years or an 18-year-old college freshman who’s never even had a job. —…

XRP’s 30% Decline Falls To Bottom Of Cloud, Stormy Days Ahead If Support Fails

XRP, like other major crypto assets Bitcoin and Ethereum, suffered a powerful collapse this week that turned sentiment from extreme greed to fear in a snap. The altcoin called Ripple fell by over 30% from the 2020 high to the local low before rebounding. The fall also took the price per token to the very bottom of weekly Kumo support on the Ichimoku indicator – a potentially bullish signal that in the past led to all-time highs. Losing the cloud, however, could signal stormy days ahead for Ripple price. XRP…

‘Exclusive mining’ could have negative implications for the Blockchain industry, say experts

Dr. Elias Strehle of the Blockchain Research Lab and Lennar Ante of the University of Hamburg recently warned that blockchain nodes engaging in exclusive mining “have no incentive to forward new transactions to their peers.” They speculated that crypto miners may instead be incentivized to keep transactions confidential “in the hope of being the only one who can earn the associated transaction fees.” Exclusive mining, which is a type of collusion between a transaction initiator and a single miner or pool, uses private channels to confirm transactions rather than broadcasting…

Low Ethereum Gas Fees Suggest Investors are Holding Strong Despite Turbulence

Ethereum and the entire crypto market have been battered by Bitcoin’s weakness, with the benchmark cryptocurrency’s decline creating headwinds that have caused most digital assets to post serious losses. Some believe that this recent downtrend has marked an end to the bull run that many digital assets have been seeing as of late, with tokens within the Ethereum-based DeFi sector being particularly hard hit by this recent downturn. That being said, one analyst is noting that there are some signs that the market – and the DeFi sector in particular…

DeFi boom leaves former altcoin darlings in the dust — But for how long?

The rapid popularity and investment growth observed in the Decentralized Finance (DeFi) sector has reflected heavily on the price charts with DeFi and yield-related tokens like Yearn.finance (YFI), Aave (LEND), and others rallying to their all-time highs in 2020. YFI alone has surged 10x since listing. In fact, most high-profile DeFi-related tokens have outperformed Bitcoin (BTC) and other altcoins by a long stretch. Even governance and infrastructure projects like Chainlink (LINK) and UMA, the latter of which became one of the largest DeFi protocols in September, were eclipsed by DeFi…

Ransomware hackers shut down Argentina’s borders, demand $4M BTC

Government officials in Argentina are refusing to negotiate with a ransomware group that forced them to briefly close all immigration checkpoints on Aug. 27. According to a Sept. 6 report on Bleeping Computer, a group of Netwalker ransomware hackers breached Argentina’s immigration agency, Dirección Nacional de Migraciones, on Aug. 27 and initially demanded a $2 million payment to restore its servers.  “Your files are encrypted,” stated a ransom note on a Tor payment page sent to the immigration agency. “Only way to decrypt your files is [sic] buy the decrypter…

Bitcoin Is Sandwiched Between Two Important Short-Term Targets

As tempting as a Bitcoin sandwich may sound, its a stressful moment for investors who find the cryptocurrency at a pivotal level. The asset is currently holding at $10,000, but two targets Bitcoin is sandwiched between mean this level won’t last long – one way or the other. But which way will it be? CME Bitcoin Futures Gap Could Act As Reversal Target Bitcoin price fell last week by over $2,000 in 48 hours – wiping out billions from the crypto market cap. A market filled with extreme greed quickly…

This Simple Price Level Is Crucial to the Bitcoin Bull Case After 20% Drop

Bitcoin has faced a strong 20% correction over the past five or six days. This drop has brought the leading cryptocurrency from the local highs near $12,100 to a low of $9,800, marking the most notable retracement in months. Analysts remain long-term optimistic about BTC’s bull case. However, the severity of the recent correction has made analysts cautious as to what will happen to Bitcoin’s price in the coming weeks. There is a price level, though, that if retaken, will convince a number of analysts that Bitcoin’s bull trend remains…