LINK Jumps 5%: BTC Awaiting Its Next Move at $19K (Market Watch)

It appears that the bitcoin price has been stuck around the $19,000 level for the past few days, and the asset is now there as well.

Most altcoins are also quieter 24 hours a day on Sunday, with Chainlink emerging as the best performer of the day.

Quiet Bitcoin at 19 thousand dollars

Although Bitcoin is now stagnating, this was not the case earlier this week. The asset jumped from $18,300 to $20,000 in one day before the latest US Federal Reserve rate hike, but when the 75 base hike became official, it dumped close to $2,000 again.

This led to a drop to $18,100 – a new three-month low for BTC. As fear settled once again in the markets, Bitcoin bulls rebounded and pushed the asset above $19,000.

The next few days saw less volatility, with a notable increase taking the cryptocurrency’s value to just over $19,500. However, it was short-lived and BTC returned to around $19,000, where it is currently suspended.

Its market capitalization is still around $365 billion, while its dominance of altcoins has returned 39%.

BTCUSD. Source: TradingView

LINK will appear

Altcoins have had their own volatile week, but most of them are significantly more stable now.

Ethereum, which shed more than 20% after the merger was completed, is now slightly in the green and above $1,300.

Cardano is also somewhat stagnant, although the Vasil upgrade launched a few days ago. Solana and Shiba Inu also had lower increases.

In contrast, minor declines were seen by Binance Coin, Ripple, Dogecoin, Polkadot, MATIC, Avalanche and Tron.

Chainlink is today’s top performer among major and mid-sized cryptocurrencies. LINK is up 5% today and is now trading at around $8.

The total cumulative market capitalization of all crypto assets is also muted and has stopped at less than $950 billion.

An overview of the cryptocurrency market.  Source: Quantify Crypto
An overview of the cryptocurrency market. Source: Quantify Crypto

Post-Link Jumps 5%: BTC Awaiting Its Next Move at $19,000 (Market Watch) First appeared on CryptoPotato.

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