The cryptocurrency market is experiencing turbulence near the upper bounds of the recent rally. As the price descends, traders question whether the market will rebound toward higher prices or if the profitable bull run has already ended.

NFT marketplace LooksRare signs new deal to reach 10 million users; Opensea loses dominance to Blur

Non-fungible tokens (NFTs) exploded to their peak last year. Since then, they have only declined in trade volume and sales to the point that the month of December 2022 recorded less than $4 billion worth of sales. Even so, NFT marketplaces are attempting to expand their reach, an instance of which can be seen in the case of LooksRare as well.

Chainlink nears knee-jerk reaction after making new highs

Chainlink (LINK) price sees bulls being dumb, def and blind to all the dangerous market signals that have been issued this week. Instead, LINK bulls are focused on the weakness of the US Dollar that is synthetically lifting LINK/USD higher. The multi-top resistance at $7.50 has been broken, and bulls are chasing price action higher toward the R1 at $7.82, where a firm rejection is awaiting them.