By Tolabar - 22.03.2020
Chain link bitcoin correlation
Im thinking that because chainlink is seen to be blockchain agnostic, people seek refuge in it when bitcoin crashes and subsequently shed their holdings when. The altcoin market has broken correlation with Bitcoin's price, and BTC has been rallying independently. Chainlink's price decline has moved in.
Tumblr Bitcoin has shown immense promise to the investors over the years, even though its growth may have currently chain link bitcoin correlation restricted due to a consolidating market.
Due to a strong correlation between BTC and most major alts along with other cryptocurrencies, the overall trend has remained the same in the market. However, the coins that have decoupled from the largest crypto has been witnessing more growth, chain link bitcoin correlation Chainlink [LINK].
After which chain link bitcoin correlation correlation has been gradually dropping until the sudden dip in September.
Chain link bitcoin correlation correlation has resumed its usual low witnessed chain link bitcoin correlation the beginning of the year and was t 0.
As per Santiment, the decoupling took place on 25 September. The transaction volumes of REN check this out been spiking along with LINK, indicating the interest chain link bitcoin correlation have driven in the market over the past couple of days.
Although this was a short-term trend and is subject to market risks, the decoupling chain link bitcoin correlation drive the price of the assets higher, like in the case of LINK.
With users transacting more in REN it might be the next coin to gain with hype. Recently, when Dow futures expired, BTC price swung chain link bitcoin correlation and has been trying to recover.
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