Chainlink has been severely underperforming Bitcoin throughout the past few weeks, with the crypto remaining well below its 2020 highs despite Bitcoin’s strength Many altcoins have seen similar performance, as the proverbial ‘altseason’ that investors are watching for remains elusive The crypto has seen a notable rebound throughout the past …
Read More »Trader Goes “Heavily Long” on Ethereum as It Posts “Perfect” Support-Resistance Flip
Ethereum has been flashing some signs of strength throughout the past few days, with bulls being in full control of its price action as they aim at pushing the cryptocurrency above the key $600 level. This price has long been a pivotal level for the crypto, with each break above …
Read More »Chainlink Posts “First Death Cross” Seen Since 2018 Against Bitcoin Pair
Chainlink has seen some mixed price action as of late, with bulls unable to gain a decisive edge over bears as the entire market turns lower. LINK isn’t the only cryptocurrency that has been struggling to gain any bull-favoring momentum, as most other cryptocurrencies have also seen some intense selling …
Read More »Crypto-Friendly Travel Site Travala Posts 503% Revenue Increase, 72% of Bookings Paid With Cryptocurrencies
Travel booking website Travala saw an increase in revenue of over 503% in November compared to the previous year. Out of all bookings, 72% were paid with cryptocurrencies, with bitcoin being the most popular choice. A Record Month for Travala The up and coming crypto-friendly travel booking website Travala.com released …
Read More »Bitcoin Posts “V-Shaped Recovery” as Bulls Erase Overnight Losses: What’s Next
Bitcoin just posted another shocking price movement, with the cryptocurrency’s latest rejection at $19,800 sending it as low as $18,300 this morning before bulls stepped up and reversed its downwards momentum. This caused the cryptocurrency to erase nearly all of the losses that came about due to this recent movement, …
Read More »Analyst: XRP Posts Failed Breakout as It Loses Its “Coil Power”
XRP has been caught in the throes of volatility as of late, with much of this greatly favoring bulls The crypto saw a parabolic upswing earlier this week that caused its price to multiply over the past few days This intense upswing has slowed down, and the lack of any …
Read More »Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls …
Read More »Yearn.finance (YFI) Posts Massive Short Squeeze; Sparks DeFi Trend Reversal
The DeFi sector is rallying today, with Yearn.finance’s YFI governance token leading this move with a massive rally that first came about yesterday after the crypto nosedived to lows of $7,500. The support at this level was significant. After tapping this liquidity region, the rally seen catalyzed a cascade of …
Read More »Yearn.finance (YFI) Posts Massive Short Squeeze Following Surge in Open Interest
Yearn.finance (YFI) has been facing heightened volatility as of late, with bears attempting to capitalize on recent drama surrounding one of the projects that Yearn’s founder is working on. However, the cryptocurrency’s descent now appears to be slowing slightly, with bulls posting an ardent defense of $22,000 – a price …
Read More »Chainlink Posts Relief Rally, But One Analyst is Still Expecting $5.00; Here’s Why
Chainlink saw a massive decline earlier this week that sent its price plunging to lows within the sub-$10.00 region. The cryptocurrency is beginning to show some signs of strength as it rebounds from these lows, with its recent lows starting to look increasingly like a long-term bottom. That being said, …
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