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Showing posts with the label interest rate cut

Chainlink Rallies 17% in Two Weeks: Can LINK Hit $17 Next?

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Chainlink (LINK) is trading in the green zone across the board. The asset has rallied 0.7% in the daily charts, 14.2% in the weekly charts, 17.3% in the 14-day charts, 8.3% over the previous month, and 6.5% since April 2024. Also Read: Putin Gifts Trump Painting & Proposes Ceasefire—Could a US-Russia Axis Trigger Re-Dollarization or De-Dollarization? Source: CoinGecko Cryptocurrencies Hold Steady Amid Bullish Developments Source: Watcher Guru Chainlink’s (LINK) latest rally comes amid a larger market-wide resurgence. The cryptocurrency market faced a substantial price dip earlier this month. Bitcoin’s (BTC) price fell to below $75,000. The market has made significant gains over the last few days. BTC has reclaimed the $94,000 price point. The global crypto market cap has hit $3.06 trillion after its recent dip to $2.5 trillion. Also Read: Bullish Signal: SHIB Eyes 100% Rally to $0.00003 After Breakout, Says Analyst Other bullish developments include Arizona passing two bills...

Ethereum Foundation sells 300 ETH as price hits $2.5k

The Ethereum Foundation has sold a total of 950 ETH worth over $2.2 million in the past three weeks On September 20, the non-profit sold 300 ETH for over $760,000 as Ethereum’s price rose to above $2,500 The Ethereum Foundation has once again dumped more Ether tokens, this time offloading 300 ETH worth more than $760,000. According to on-chain data, the foundation sold the 300 ETH for an average of $2,543 – which is a level that is 5% up on intraday lows of $2,440. In recent days, the organization had stopped its selling spree. Before the brief lull, the Ethereum Foundation had become one of the top ETH holders to dump as prices stalled. But on September 20, the dump resumed. Ethereum Foundation has sold Ether every four to seven days On September 6, the Ethereum Foundation sold 100 ETH for $226,868. It’s a sale that brought the foundation’s increased selling across three weeks to 650 ETH, with these valued at about $1.5 million. Ac...