Market Analysis
Chainlink's LINK token rises 3% on whale accumulation
Chainlink's native token LINK climbed 3% to $18.80 amid whale accumulation following the October crypto crash. Large holders withdrew nearly 10 million tokens from Binance, worth about $188 million. The price breakout above key resistance signals potential upside, though subdued volume calls for caution.
XRP price slides back into bearish territory after recovery attempt
The XRP cryptocurrency has reversed course, entering bearish territory following an earlier recovery signal. This movement has erased most recent gains, with the price potentially heading toward $1 in the next 24 hours due to a rapid retrace.
Crypto market weekly review shows mixed token performances
The cryptocurrency market rebounded moderately this week, with Bitcoin reclaiming $111,000 following softer-than-expected U.S. inflation data. Ripple led top-cap gains with over 10% rally, while capital rotated across utility assets. Humanity Protocol, Virtuals Protocol, and Zcash topped the gainers, as PancakeSwap, Story, and Mantle recorded losses.
Bitcoin records first red October in seven years
Bitcoin experienced its first negative October performance since 2018, closing the month lower after an early peak above $126,000. The decline was driven by increased selling from long-term holders and reduced buying pressure from U.S. investors. This break from historical patterns highlights vulnerabilities in the market amid profit-taking and macroeconomic strains.