Chainlink rally stalls as effect from “Runtime Environment” upgrade wanes
Chainlink (LINK) trades slightly down around $12 on Thursday after rallying over 5% on Wednesday following the announcement of its Chainlink Runtime Environment (CRE) upgrade, which is aimed to enhance interoperability across thousands of blockchains and addresses to meet the demand of capital markets and Web3.
Tron (TRX) announced on Thursday that Chainlink Data Feeds will become the official Oracle solution for its ecosystem. Chainlink announced on Wednesday the Chainlink Runtime Environment (CRE), a major upgrade to its platform, during the SmartCon event. This upgrade allows developers to build quicker connections to their apps across all chains connected to the Chainlink platform.
Uniswap Price Forecast: Technical outlook suggests a bullish breakout ahead
Uniswap (UNI) is trading slightly below $8 on Thursday after rejecting a key resistance level on Wednesday. A successful close above this threshold could indicate a rally for the decentralized exchange, bolstered by technical indicators showing a bullish crossover pointing to potential upward momentum.
Uniswap has struggled to break through the daily resistance level around $8.26, which roughly coincides with the 50% price retracement at $8.37. It was again rejected on Wednesday. At the time of writing on Thursday, it trades slightly down around $8.01.
MicroStrategy set to raise $42 billion over 3 years to buy Bitcoin
MicroStrategy released its third quarter (Q3) financial report on Wednesday. The report revealed its 17.8% BTC yield year-to-date and discussed the company's plan to raise $42 billion to acquire more of the top cryptocurrency.
Business intelligence firm, MicroStrategy, announced its financial report for Q3, which ended on September 30. The report indicated the company increased its Bitcoin holding by 11% in September, pushing its BTC yield year-to-date to 17.8%.
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Crypto Today: Bitcoin, XRP and Ethereum dip slightly amidst fear of market-wide correction
Bitcoin holds steady above $72,000 on Thursday, notes a slight decline on the day. Ethereum loses less than 1% of its value, trades above $2,600. XRP trades above $0.51, down less than 1% on the day.
Solana Price Forecast: SOL risks decline as volume in decentralized exchanges drops sharply
Solana price is nearly unchanged on Thursday after declining on Wednesday, putting an end to a four-day streak of gains. The altcoin rallied alongside Bitcoin (BTC) as the largest cryptocurrency chased its previous all-time high of $73,777.
Bitcoin Price Forecast: Rally stalls as traders opt to take profits
Bitcoin (BTC) trades broadly stable around $72,000 on Thursday after a four-day rally. However, institutional demand remains robust, as evidenced by the over $896 million in inflows into US spot Bitcoin ETFs on Wednesday.
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Chainlink rally stalls as effect from “Runtime Environment” upgrade wanes
Chainlink falls after a three-day rally, which was partially driven by the Chainlink Runtime Environment (CRE) at SmartCon on Wednesday. This enhancement is crucial for expanding Chainlink to thousands of blockchains and meeting the growing demand from capital markets and Web3.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
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