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The Chainlink (LINK) cryptocurrency has seen solid growth in the past month after a slow start to the year. The altcoin is up 7% since the beginning of April, joining other popular cryptocurrencies in the green during the same period. Chainlink is flashing strong signals of a further climb coming, with analysts suggesting LINK could eye a return to $45. Recent analyses show that LINK is forming bullish structures on various timeframes. Analysts suggest that important resistance levels may soon be tested, with upside targets being set at higher ranges, such as $40 and $45. LINK’s all-time high price is $52.88, a price not seen since 2021. Not only is a surge to $45 good for Chainlink investors, but it also opens the door to reclaiming that ATH price and even surpassing it. Chainlink’s price chart is showing a cup and handle pattern, a pattern commonly cited by analysts as a bullish signal. A cup and handle pattern appears mainly in market consolidation periods and projects fo...

Explore the dynamics behind Bitcoin’s bullish run and the growing anticipation around a U.S.-based Bitcoin ETF. A deep dive into market trends and predictions. Over the past few days, Bitcoin (BTC) has demonstrated significant resilience and growth, marking a noteworthy trend in the cryptocurrency market. Amid a surge in trading volume, BTC price reached its fresh 52-week high of $37,926 on Nov.9. However, amid the volatility, the price retraced and trading at $37,100 as of Nov. 10. BTC price chart | Source: CoinMarketCap This recent rise is partly attributed to a “short squeeze” – a market phenomenon where the price of an asset jumps higher than expected, forcing short sellers to cover their positions, further driving the price upward.  The ripple effects of Bitcoin’s surge were also felt in the U.S. stock market, particularly among crypto-centric companies. Shares of prominent firms such as Coinbase and MicroStrategy showed notable increases, w...

1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back. Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “ million s.” Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over one million addresses which hold at least 1 BTC. Back: Adoption trend lays path to "hyperbitcoinization" It was a long time coming and received much attention on social media, and the time is finally here — there are one million entities which own a whole bitcoin . These “wholecoiners” have been steadily accruing since mid-2021, Glassnode shows, and the upward trend in 1 BTC wallets has seen almost no reversal since. In 2022, however, the trend accelerated, having started the year with 814,000 wholesalers and finishing it with 978,000 — an increase of 20%. Reacting, Adam Back, CEO and co-founder of Bitcoin firm Blockstream, made the case for “hype...