Chainlink Hits All-Time Highs, LINK Bulls Enter Price Discovery

Key Takeaways Chainlink’s native token has seen its price surge by more than 55% in the past three days. LINK’s impressive rally has pushed it to new all-time highs, and bulls may ride the momentum further. If buy orders continue to pile up, LINK could rise to $25 or higher.  Share this article Chainlink has just hit all-time highs and entered price discovery mode. Despite the bullish move, a particular technical indicator suggests that LINK’s new uptrend has just begun. Chainlink Rises to New All-Time Highs Chainlink made headlines following…

Canada’s first public Bitcoin fund hits $1 billion

Canadian regulated digital asset manager 3iQ has recorded another massive milestone of its public Bitcoin (BTC) fund. On Jan. 14, 3iQ’s Bitcoin Fund (QBTC) hit the $1 billion mark, the company announced on Twitter. The new milestone demonstrates QBTC’s parabolic growth after 3iQ launched the fund in April 2020. QBTC is now up 900% from its previous milestone of $100,000 recorded in October 2020. As previously reported, 3iQ’s QBTC is Canada’s first public Bitcoin fund listed on a major stock exchange, the Toronto Stock Exchange. Cameron and Tyler Winklevoss’ Gemini…

Zcash (ZEC), Kusama (KSM) and Hedget (HGET) soar as Bitcoin hits $40K

The sharp correction in Bitcoin (BTC) may have shaken out many leveraged traders, but the data shows whales and institutions aggressively purchased the dip and now bulls have shown they are determined to push Bitcoin price back above $40,000. The total crypto market capitalization has also recovered and surged back above $1 trillion.  Crypto market data daily view. Source: Coin360 Pantera Capital founder and CEO Dan Morehead said he stands by his earlier prediction of $115,000 for Bitcoin by August of this year. Morehead believes China’s digital yuan developments may boost…

Bitcoin refuses to ‘die’ as BTC price hits $40K just three days after crash

Bitcoin (BTC) surged higher on Jan. 14, reaching $40,000 on Coinbase amid fresh evidence of new large buys on exchanges. BTC/USD weekly price candles (Coinbase). Source: Tradingview BTC price adds $10,000 in three days Data from Cointelegraph Markets and TradingView tracked BTC/USD as the pair delivered even more bullish surprises during Thursday trading, adding over 17% in 24 hours. The uptick is the latest bullish sign to come from Bitcoin price action, which just days ago focused on levels not much above $30,000. The revisiting of $40,000 came hours after BTC/USD entered…

Crypto Trading on PayPal Hits All-Time High as Retail Returns

Key Takeaways itBit saw $242 million in daily volume yesterday, its highest ever. The exchange processes PayPal’s crypto transactions. The crypto market suffered a sharp downturn yesterday, with Bitcoin and Ether plummeting over 20%. Several indicators suggest that retail investors are contributing to the recent surge. Share this article PayPal’s exchange service itBit registered $242 million in daily volume yesterday, its highest ever by a significant margin.  PayPal’s Crypto Offering in Demand  PayPal’s crypto service is experiencing its highest usage ever.  According to data from crypto analytics site Nomics, itBit…

Bitcoin price hits $40,000 less than three weeks after shattering $20K

Bitcoin (BTC) hit $40,000 on Jan. 7 in the latest psychologically significant milestone for cryptocurrency bulls. BTC price crushes the $30,000 corridor in record time Data from Cointelegraph Markets and TradingView confirmed BTC/USD officially hitting dizzying new highs during trading on Thursday, bringing weekly gains to more than 40%. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView In just one of various achievements for Bitcoin this year, the largest cryptocurrency conquered bearish prognoses of a retraction after rising rapidly throughout the past 24 hours. As Cointelegraph reported, Bitcoin’s NVT ratio led signals…

As BTC price gets close to $36K, Bitcoin network hash rate hits new high

The Bitcoin (BTC) price is not the only metric seeing record numbers as the network hash rate has set a new all-time high. According to data from Blockchain.com, the estimated seven-day average Bitcoin hash rate is now at about 148 exahashes per second, or EH/s. This figure represents the amount of computing power expended by miners to secure the network every second. Bitcoin hash rate. Source: Blockchain.com  Tweeting on Jan. 1, on-chain analytics data provider Glassnode revealed that Bitcoin recorded its largest average monthly hash rate of 136 EH/s in…

Mark Cuban says he’ll run for president if BTC hits $1M

Responding to a tweet from billionaire Chamath Palihapitiya, Mark Cuban said he would run as a U.S. presidential candidate, under a specific set of circumstances.  “I’ll run if BTC gets to $1m AND we can get commitments to donate 350 BTC to the Treasury each of the 4 yrs so that we can give 1 satoshi to every citizen each yr, that they must hold for 10 years,” the Shark Tank star tweeted on Tuesday. Cuban’s response came after Palihapitiya said the present political framework needs fixing, forecasting “a viable…

DeFi value locked hits $18B amid Ether rally and SushiSwap gains

The total value locked in decentralized finance, a measure that tracks the amount of assets committed to the DeFi ecosystem, has soared to $18 billion according to DeFi Pulse. TVL chart by DeFi Pulse While the chart may suggest that DeFi adoption is growing, it requires some interpretation to be properly understood. Total value locked is often an imperfect metric in these scenarios. Differences in how it’s counted, protocols adopting measures to artificially boost it or just price rallies of the underlying assets can create the appearance of growth where…

Bitcoin volume on CME, LMAX hits new records

The daily volume of the CME Bitcoin (BTC) futures market and LMAX achieved a new all-time high on Jan. 4. The data show that the institutional demand for BTC is rapidly surging as major public funds continue to accumulate. Institutional appetite for Bitcoin is accelerating According to analysts at Arcane Research, the daily volume of LMAX Digital reached a record-high at $2.62 billion. Bitcoin daily volume on LMAX Digital. Source: Arcane Research LMAX is a trading platform that tailors to institutional and accredited investors, unlike retail-focused platforms such as Coinbase…