Chainlink

$LINK

$BTC remained above $43k in morning trading, holding a 0.5% increase over the last day. $LINK surged to a 22-month peak, surpassing $18 and recording a nearly 30% gain over the week, outperforming most large-cap cryptos. This surge is indicative of a bullish departure from its previous three-month trading range of $13 to $17, continuing its recovery from lows near $5 in June 2023. AI-related crypto tokens surged following Meta's...

The S&P 500 is rebounding, rising 0.5% after a tough session for major stock indices triggered by the Federal Reserve's decision to maintain interest rates and hinting that a March reduction is unlikely. This recovery follows a challenging day on Wall Street, where the Dow dropped 317 points or 0.8%, marking its most significant decline since December. The S&P 500 fell 1.6% yesterday, its steepest drop since September, and the...

U.S. equity indices are declining today after retail sales data spiked (0.6% MoM vs. 0.4% exp.), and the DXY (+0.18%) continues to show strength above $103. The SPY and QQQ have fallen 0.74% and 1.02%, respectively. Crypto markets are performing similarly, with $BTC (-1.86%) trading around $42k and $ETH (-2.30%) holding near $2,500. Render ($RNDR) and Chainlink ($LINK) are two of the top performers today, potentially attributable to protocol-specific catalysts....

U.S. equity indices are showing mild losses, with both the SPY and QQQ declining about 0.20% at the time of writing. Treasury yields are continuing yesterday’s retreat, with the US10Y approaching 4.50%. Crypto markets are mixed, with $BTC (-0.19%) sitting above $35k and $ETH (+0.61%) hovering just below $1,900. Large-cap altcoins are showing strength today, with $LINK (+7.29%) and $MATIC (+6.54%) being two of the best performers in the top...

Equities have seen a modest increase, while $BTC has risen by 5% since the close of the market last Friday, reaching $31.1k amid escalating interest rates and ongoing geopolitical instability. U.S 10-year yields spiked to the highest level in sixteen years this morning, briefly rising above 5% before retracing to 4.85% at writing. Investor attention this week will be on numerous crucial central bank meetings and economic data unveilings. These...

U.S. equity indices are showing modest gains in Monday’s trading as investors remain focused on Wednesday’s FOMC meeting in which interest rates are expected to be held at current levels. Crypto markets are rallying as $BTC (+2.92%) has risen above $27k, and $ETH (+2.26%) has rallied to $1,660. Chainlink ($LINK) is outperforming today, rising 10.22% amid optimism regarding its partnership with SWIFT to scale tokenized asset adoption. Chainlink leadership spoke...

Major equity indices are sliding today, impacted by disappointing trade data from China overnight. This decline was further compounded by credit downgrades issued by Moody's for multiple regional banks, such as M&T Bank and Pinnacle Financial. These downgrades were attributed to deposit risks, looming recession concerns, and commercial real estate portfolios faltering. As a ripple effect, the DXY has surged by 50 bps in response to these negative headlines. Long-term...

Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented $QQQ is leading the decline, having fallen 1.52% at the time of writing, while the $SPY has fallen 0.36%. The $DXY (+0.65%) and U.S. Treasury yields are rising today as the market is repricing the odds of an additional rate hike as the labor market continues to show its resilience. Crypto...

Crypto markets sharply continued their move higher today, with $BTC and $ETH rising 4.23% and 2.32%, respectively, at the time of writing. Bitcoin continues to lead the market, evidenced by it breaking its yearly highs and Bitcoin's Dominance Ratio rising 0.86% to 51.84%, its highest level since April of 2021. This ratio measures Bitcoin's market cap relative to the rest of the crypto market, and its rising means that Bitcoin...

At the time of writing, crypto markets have continued to lag behind other asset classes today - with $BTC and $ETH down 0.34% and 0.17%, respectively. Traditional markets continue to move higher, with SPX up 0.18% and NDQ up 0.08%. Gold has also risen 0.10%. The majority of altcoins continue to underperform Bitcoin and Ethereum. $OP is down 1.44%, $SOL is down 0.95%, and $LINK is down 1.83%. Chainlink's price...

THE ORACLE PROBLEM One of the major issues with blockchain technology and smart contracts is the inability to naturally connect to external data sources. As most world data remains off-chain, blockchain networks are facing an uphill battle in generating real-world applications. The second part of the problem is blockchains need to be able to trust the validity of off-chain data and know it hasn’t been tampered with. _Source: Chainlink_ Oracles...