Today news
About the same in other media
The how, when, why of Chainlink hitching a ride with Bitcoin, to get to $40
Reading now: 206
Ever since 2018, Chainlink has shared quite a good bond with Bitcoin. Whenever the king coin pumped, so did LINK. Similarly, whenever BTC lost value, LINK followed in its footsteps.
Over the long term, having a strong correlation with Bitcoin is undeniably healthy. But, in the short term, especially during periods of downtrends, this factor has acted like a major spoilsport for LINK.
Bitcoin-Chainlink correlation || Source: CoinMetrics
LINK witnessed quite a good rally in the period between 22 September to 10 November. In the aforementioned timeframe, the alt’s value witnessed a massive jump from $21 to $38.
Nevertheless, as BTC started going south, LINK was forced to deviate from its uptrend. And in effect, the alt was back to square one, at
Read more on ambcrypto.comAbout this in other media
Bitcoin Capital launches actively managed Bitcoin, Ether ETPs on SIX Swiss Exchange ambcrypto.com /3 years ago
Expert calls El Salvador’s Bitcoin volcano bonds, ‘Michael Saylor playbook for a country’ ambcrypto.com /3 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
