Chainlink Has Unlocked A Total Of 127 Million LINK

Despite the stock market reaching new highs, Bitcoin and Ether have both declined over 10% from their yearly peaks.

Bitcoin and Ether both declined over 10% from their yearly peaks on Friday, as traders assessed the latest U.S. economic data and the Federal Reserve’s plans for further interest rate hikes.

Bitcoin fell more than 13% from a high of $24,294 on March 21, and was last trading down 1.3% at $21,013. Ether dropped 11.5% from a peak of $1,758 on March 22, and was last down 1.7% at $1,552.

Both cryptocurrencies reached their highest levels since mid-June 2023 earlier this week, as a broader market recovery from last year’s sell-off gained steam.

Bitcoin rose nearly 50% year-to-date, while Ether climbed over 40%. However, the recent declines come as markets消化new U.S. economic data and the Federal Reserve’s plans for further interest rate hikes.

Markets opened the week with anticipation of the Federal Reserve’s preferred inflation gauge, the core personal consumption expenditures price index, showing a slowdown in price increases.

However, Thursday’s jobless claims data pointed to a tightening labor market, putting pressure on the central bank to continue raising interest rates aggressively.

Among other major cryptocurrencies, Solana fell 2.8% in the past 24 hours to $34.47, while Cardano dropped 2.3% to $1.33 and Chainlink lost 2.4% to $14.32.

Bitcoin price analysis: BTC/USD stalls after $21K rejectionBitcoin price analysis: BTC/USD stalls after $21K rejection

Bitcoin price analysis: BTC/USD stalls after $21K rejection. Bitcoin began the week with a strong bullish momentum that carried the price to highs of $21,000. However, the bulls faced strong resistance at this level, which triggered a sell-off that saw BTC price drop to lows of $20,780. From the lows, BTC price recovered slightly and was trading above $20,800 at the time of writing.

Bitcoin price analysis: BTC/USD stalls after $21K rejection. Bitcoin began the week with a strong bullish momentum that carried the price to highs of $21,000. However, the bulls faced strong resistance at this level, which triggered a sell-off that saw BTC price drop to lows of $20,780. From the lows, BTC price recovered slightly and was trading above $20,800 at the time of writing.

Bitcoin price analysis: BTC/USD stalls after $21K rejection. Bitcoin began the week with a strong bullish momentum that carried the price to highs of $21,000. However, the bulls faced strong resistance at this level, which triggered a sell-off that saw BTC price drop to lows of $20,780. From the lows, BTC price recovered slightly and was trading above $20,800 at the time of writing.Bitcoin began the week with a strong bullish momentum that carried the price to highs of $21,000. However, the bulls faced strong resistance at this level, which triggered a sell-off that saw BTC price drop to lows of $20,780. From the lows, BTC price recovered slightly and was trading above $20,800 at the time of writing.

Bitcoin price analysis: BTC/USD stalls after $21K rejection. Bitcoin began the week with a strong bullish momentum that carried the price to highs of $21,000. However, the bulls faced strong resistance at this level, which triggered a sell-off that saw BTC price drop to lows of $20,780. From the lows, BTC price recovered slightly and was trading above $20,800 at the time of writing.Bitcoin price analysis: BTC/USD stalls after $21K rejection. Bitcoin began the week with a strong bullish momentum that carried the price to highs of $21,000. However, the bulls faced strong resistance at this level, which triggered a sell-off that saw BTC price drop to lows of $20,780. From the lows, BTC price recovered slightly and was trading above $20,800 at the time of writing.Bitcoin price analysis: BTC/USD stalls after $21K rejection. Bitcoin began the week with a strong bullish momentum that carried the price to highs of $21,000. However, the bulls faced strong resistance at this level, which triggered a sell-off that saw BTC price drop to lows of $20,780. From the lows, BTC price recovered slightly and was trading above $