Chainlink Price Analysis: Why it is so important to hear what Lagarde and the ECB have to say
Chainlink (LINK) price is not on the right spot of the chart after the Fed rate decision from Wednesday. A break of the triple top would have been ideal as now bulls seem to have lost interest and morale, and a decline in search of support could be at hand. Expect the ECB to be the catalyst and push price action back to $6.50.
Why Bitcoin bulls are poised to win Friday’s $1 billion options expiry
Bitcoin options market data reveals an underlying bullish bias. There is a higher demand for calls versus puts, this can be interpreted as a positive sign for BTC price. Market participants expect a continuation of Bitcoin’s uptrend in February 2023.
Shiba Inu Price Analysis: SHIB traders have nothing to show after last night
Shiba Inu (SHIB) price is set to take a step back after bulls were not keen to trade the Fed rate decision. Markets were stoked with a bullish outcome in favor of risk assets, and the self-fulfilling prophecy did occur in equities and some cryptocurrencies. With SHIB not being one of those cryptocurrencies, however, expect traders to search for better assets to place their money in.
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Ethereum has lost its “ultra” sound money status, faces key rectangle resistance hurdle
Ethereum is up 0.5% on Thursday following a recent analysis showing that the top altcoin lost its "ultra" sound money narrative. Meanwhile, ETH ETFs recorded net inflows for the first time after nine days of consecutive outflows.
Solana bears dominate market as SunPump has potentially led to less demand for SOL
Solana is down 2.5% on Thursday following bearish signals across its funding rate and total fees captured. SOL's weak performance could also be linked to the declining traction seen in its meme coin generation platform Pump.fun.
AI tokens see narrow gains as Wall Street banks raise price targets on NVDA
AI tokens NEAR, ICP, RENDER and TAO briefly traded in the green on Thursday following Wall Street banks' positivity toward Nvidia's earnings report. While a correction followed, these tokens could rally if NVDA meets expectations.
XRP back above $0.57 even as Ripple traders take $8 million in profits
Ripple (XRP) traders have consistently taken profits on their holdings in the last two weeks, per Santiment data. Once again, traders have grabbed $8.36 million in profit so far on Thursday. Typically, profit-taking negatively influences the asset as it increases the selling pressure.
Bitcoin: Will BTC continue its ongoing decline?
Bitcoin (BTC) trades above $59,000 on Friday, but it has lost 7.5% this week so far after being rejected around the daily resistance of $65,000. The decline is supported by lower demand from the US spot Bitcoin ETFs, which registered a net outflow of $103.8 million, falling Bitcoin's Coinbase Premium Index, and a spike in Network Realized Profit/Loss. However, some investors seem to be taking the chance to buy BTC amid this price dip, as shown by the Exchange Netflow data.
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