Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K
Chainlink and Aave soared to a new all-time high as Bitcoin bulls struggle to hold BTC price above $32,000. Bitcoin (BTC) price opened the weekend trapped within the $33,500 to $32,000 range but at the time of writing the digital asset is struggling to hold above $32,000. A few analysts have warned that the recent price loss of momentum may be a sign of ‘institutional exhaustion’ as selling pressure from Asia has increased since Jan. 19. Despite Bitcoin’s current downtrend, some institutional investors are sticking to their prediction that BTC price will reach $100,000 before the end of....
Related News
Decentralized finance (DeFi) tokens, including Chainlink (LINK), Yearn.finance (YFI), and Aave (LEND) strongly recovered after a prolonged slump. At its monthly low, YFI declined by nearly 64% in the past 11 days. Similarly, DeFi giants like Chainlink declined by 45% at the monthly low since mid-September. But following Bitcoin’s lead, Chainlink, YFI, and LEND are […]
Chainlink (LINK) is showing positive signs above the $13.00 support, similar to bitcoin. The price is likely to accelerate towards $15.00 or higher in the near term. Chainlink token price is trading nicely above the $13.00 level against the US dollar. The price is now facing hurdles near $14.00 and the 100 simple moving average […]
GoodFi, a not-for-profit organization created by Radix with the mission of getting 100 million people into DeFi by 2025, announced today the addition of 22 executives to its advisory board from DeFi industry leaders such as Chainlink, Aave, Sushiswap, Avalanche and mStable. The addition of the Board of Advisors, who meet monthly to tackle the […]
As Ethereum (ETH) experiences increasing volatility and mixed market sentiment, many of its largest investors are looking for new ways to maximize their portfolios. Ethereum (ETH) whales, who hold significant amounts of Ethereum, have been diversifying their holdings, shifting their attention to promising altcoins like Mpeppe (MPEPE), Quant (QNT), and Aave (AAVE). These tokens have […]
Chainlink and other altcoins have been severely underperforming Bitcoin throughout the past few days, as BTC has pushed to fresh yearly highs while most altcoins remain down 50% or more from their highs that were set just a few days ago. The immense selling pressure that has been placed on altcoins as a result of […]