Bitcoin fell below the psychologically important level of USD 10,000 on February 15. This has dragged down cryptocurrency markets, whose market capitalization has fallen below USD 300 billion. Although Bitcoin has declined, its market dominance has risen from less than 61% on February 15 to 62.5%. This shows that altcoins have fallen more than Bitcoin.

Chainlink

During the week, Link announced new partnerships with Swipe, 0x and Offchain laboratories. Can altcoin extend its stellar recovery for a few more days or is it showing signs of overcoming? Let's analyze your chart.

The LINK / USD pair has reached a new historical peak, which is a positive signal. This shows that the bulls are eager to buy at higher levels. If the price can be maintained above USD 4.5826, a rebound to USD 5.6843 is possible.

Although the relative strength index (RSI) has entered the overbought territory, history suggests that it can reach very deep overbought readings before reversing direction.

Contrary to our assumption, if the bulls fail to keep the price above USD 4.5826, it is likely that there will be some consolidation days or a smaller setback. The first support to see the downside is near USD 3.50 and below this level, at USD 3.0.

The QuadrigaCX case: the cryptocurrency paradox?

The death of Gerald Cotten, executive president of QuadrigaCX, shows a serious weakness that was one of the reasons why cryptocurrencies were born. Cotten took the passwords and recovery keys of digital currencies to the grave for an amount of about US $ 145 million. The analysis with Pedro Durá, Professor of Monetary and Financial Economics, in the Department of Applied Economics, of the Complutense University of Madrid.

What is going on with cryptocurrencies?

Cryptocurrency advocates had a week full of setbacks. Three events marked the bad streak of digital currencies

I have realized that the world of cryptocurrencies faces a great challenge worldwide, some news tries to discredit the good faith of cryptocurrencies they want to demonize them for things that a few people do as in the economy, and which they are used in the same way in the traditional part, news gentlemen, investigate and be impartial, please, cryptocurrencies are not bad, people are and clear, I do not say that they are all but if there are many but good we are more