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Chainlink (LINK) is picking up momentum after being a part of a sluggish month for cryptocurrency in February. The altcoin is recovering in price, with LINK up 6% on Tuesday, trading just over $13.50. The asset had previously surged after US President Donald Trump announced plans for the country’s first crypto reserve. Although LINK was not named, the president noted that it would include “other valuable cryptocurrencies” to purchase to make up the reserve. For Tuesday, LINK’s Long/Short ratio shows buyers’ dominance, indicating the bullish sentiment in the market. Bulls are sending the price up by buying supply in bulk. Their sentiment hints that bulls seem confident a deeper decline is unlikely despite a brief pullback this past weekend. This can also be observed in Chainlink LINK’s trading volume, which is up 28% in the last 24 hours to $878.52M. Long Buyers Beating Out Short Sellers for Chainlink Furthermore, according to Coinglass, the Chainlink Long/Short ratio, which measur...

Ethereum (ETH) is showing early signs of recovery as it consolidates near the $3,250 mark, reclaiming critical support levels. Despite lagging behind the broader cryptocurrency market, which has been led by Bitcoin’s (BTC) near-$100,000 rally, ETH is poised for significant momentum as altcoin season gathers steam. Ethereum key levels to watch In a recent TradingView Analysis , analyst RLinda noted that ETH is signaling an imminent breakout, with key resistance and support levels poised to determine its next direction.  Picks for you Crypto trader turns $3.3k into $2.5 million in 3 hours 2 hours ago AI predicts Stellar Lumens (XLM) price for year-end 2 hours ago ...

The Bitcoin market is currently facing uncertainty as analysts debate how interest rate reductions might influence its market trajectory. The cryptocurrency has dipped below $60,000, suggesting growing apprehension among bullish investors. Following the Federal Reserve’s interest rate announcement on September 18th, Bitcoin’s volatility is likely to increase, but a sustained price movement in either direction seems improbable. After an initial market reaction, the price may stabilize within its existing trading range of $52,500 to $73,777. Regarding the short-term impact of rate cuts, analysts hold differing perspectives. Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, predicts a potential market decline due to a narrowing interest rate gap between the US dollar and the Japanese yen. Crypto market data daily view. Source:  Coin360 In contrast, quantitative Bitcoin and digital asset fund Capriole Investments founder C...