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As the highly anticipated Bitcoin halving event draws near, Watcher Guru’s live countdown indicates just 15 hours until the milestone.  Among the coins garnering significant attention is Chainlink (LINK), a decentralized oracle network that has become a crucial component of the decentralized finance (DeFi) ecosystem. Currently trading at $13.21, LINK has experienced a 26% decline in the last seven days, with a 24-hour trading range of $12.84 to $13.94 and a 7-day range of $12.25 to $17.75. Despite the recent downtrend, many experts and analysts are optimistic about Chainlink’s future prospects, particularly in light of the upcoming Bitcoin halving. Source: CoinGecko Also read: Cryptocurrency: Top 3 Coins That Could 10X In The Bull Run Chainlink’s Price Forecast for April 2024 According to Chainlink’s price fluctuations at the beginning of 2023, Changelly experts have provided a forecast for LINK’s performance in April 2024. They e...

ETH price continues to lose ground against Bitcoin. Cointelegraph takes a closer look at the factors behind the weakening ETH/BTC pair. The price of Ethereum’s native token, Ether (ETH) is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS). Cointelegraph takes a closer look at some of the reasons for the continuous drop of the ETH/BTC pair. Ether’s historical price action has changed In previous market cycles, Ethereum often outperformed BTC during bullish market trends, but this relationship began to change at the start of 2023. Ether and numerous altcoins struggled as the narrative around altcoins use within Web3, DeFi and NFTs came under pressure in 2022 and 2023. Stringent regulations against the crypto industry, severely muted inflows from retail and institutional investors, an uptick in investors seeking shelter in US-dollar-pegged stablecoins also impacted sentiment for Etheruem. Bitcoin dominance rises In addit...

Even if the filings for Bitcoin spot ETFs are rejected, Lee predicts Bitcoin’s halving event will still push up BTC's price — but not to six figures. The price of Bitcoin (BTC) will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds (ETFs) are approved , according to investment research boutique Fundstrat. In an Aug. 16 interview on CNBC’s Squawk Box, Fundstrat’s managing partner and head of research Tom Lee predicted that a bundle of successful Bitcoin spot ETF applications will shift Bitcoin’s supply-demand dynamics towards considerable price appreciation. When asked what the price of Bitcoin could be by the end of next year, Lee didn’t hold back: “If the spot Bitcoin (ETF) gets approved, I think the demand will be greater than the daily supply of Bitcoin, so the clearing price [...] is over $150,000, it could even be like $180,000.” Lee clarified that this could be the case so long as it is a...