New Delhi: Major altcoins outperformed crypto majors despite a hawkish commentary from Jerome Powell. Barring stablecoins, all top digital tokens were trading higher on Tuesday. XRP zoomed 7 per cent, followed by a 6 per cent rise in Cardano. Avalanche jumped 5 per cent, whereas Ethereum and Shiba Inu added 4 per cent each.
The global cryptocurrency market cap advanced to $1.9 trillion mark, gaining more than 3 per cent in the last 24 hours. Total cryptocurrency trading volume rallied a ..
Bitcoin and Ethereum are trading higher even after hawkish comments from the US central bank. Top cryptos are also running in green, said Edul Patel, CEO and Co-founder of Mudrex.
“Bitcoin has been trading flat for the past two days. The pullbacks could be limited towards strong support zone at $37,000, which can keep buyers active in the market,” he added.
The regulator of the Abu Dhabi Global Market (ADGM), a financial hub and free zone in the emirate, released guidance on non-fungible tokens (NFT) in a consultation paper as it tries to bring the digital assets into its regulatory ecosystem.
cryptocurrency funds saw outflows for a second straight week as investors reacted to the Federal Reserve’s first interest rate hike since 2018 and to the uncertainty over the potential ramifications of the Ukraine-Russia war.
Tech View by Giottus Crypto Exchange
Chainlink (LINK) is a decentralized oracle platform that enables smart contracts on blockchains to connect with each other and with external data feeds. The result is a system that brings real world, real-time data to the blockchain.
LINK token had a mixed 2021, losing most of its gains after a dip from its high of over $53 to $20. Today, it trades a tad above $15 level. LINK has recently overcome a trendline resistance at $13.3 a ..
It has come up at a local resistance of the 0.236 retracement of its drop at $15.5. Once this is flipped into support, bulls will be eyeing resistances at $18 and $20 next. Since it seems to be forming a tiny parallel channel within its current price action, upwards movement from here may be slow and within a tight range.
On the lower side, LINK should hold support levels at $14 and $13.5. If these fail, a double bottom formation at the $11.5 level is likely to hold.