TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Bitcoin, Blockchains & Chainlink – American Wrap 17 May

Cryptocurrencies Price Prediction: Bitcoin, Blockchains & Chainlink – American Wrap 17 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price tests $67,000 with over $120 million in total liquidations across crypto market

Bitcoin (BTC) price continues to show strength even as the market prepares for the weekend. After the April CPI release on Wednesday, and multiple news pointing to retail and institutional interest for BTC exposure through exchange-traded funds (ETF), the pioneer cryptocurrency is closing the week with the right foot forward.
Crypto data tracker CoinGecko evaluated and ranked blockchains on the volume of transactions they can process. The crypto data aggregator identified the top 30 blockchain networks by total value of assets locked (TVL) and identified the maximum number of transactions processed by the network in the past year to rank them in the list. 
Blockchain
Chainlink (LINK) social dominance increased sharply on Friday, exceeding levels seen in the past six months, along with the token’s price rally that started on Wednesday. Despite the price increase and rising talk about the token, on-chain data suggests that LINK holders have started taking profits, a sign of possible increasing selling pressure ahead.  
Chainlink
 

Author

FXStreet Team

More from FXStreet Team
Share:

Editor's Picks

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.

PI recovers from slump as investors buy the dip

PI recovers from slump as investors buy the dip

Pi Network rebounds by 2% at press time on Tuesday, regaining strength after a three-day decline. A renewed interest among investors, evidenced by outflows from Centralized Exchanges, backs the short-term recovery.

Hedera extends losses as bearish sentiment dominates

Hedera extends losses as bearish sentiment dominates

Hedera price extends its losses after falling nearly 4% the previous day. Weakening on-chain and derivatives data support a bearish outlook alongside an unfavourable technical outlook, suggesting a deeper correction for HBAR.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Altcoins, including Bitcoin Cash, Hyperliquid, and Pump.fun, are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.