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Anndy Lian
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News: World Liberty Financial, a company backed by former President Donald Trump, has made a significant foray into the cryptocurrency market, investing $18.6 million to acquire 84.5 Wrapped Bitcoin (WBTC) and 1,911 Ethereum (ETH). The purchases, made this week, underscore growing institutional interest in digital assets. Following the announcement, Eric Trump encouraged investors to "buy the dips," a comment that could bolster positive sentiment and potentially influence market momentum for Bitcoin and Ethereum.
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$LINK Ecosystem Expansion & Institutional Support The Chainlink Reserve added 44,110 LINK ($1.08M) on August 14, funded by enterprise revenue. This brings the total reserve holdings to 109,661 LINK, effectively removing these tokens from circulation and reducing sell-side pressure. Meanwhile, strategic partnerships are expanding Chainlink’s real-world utility. Notably, Intercontinental Exchange (ICE) has integrated forex and precious metals data into Chainlink’s oracle network—a move that strengthens its role as a bridge between traditional finance (TradFi) and decentralized finance (DeFi). ⚠️ Caveat: While positive, the long-term impact hinges on consistent conversion of revenue into LINK and continued adoption by institutional players. 📊 Key metrics: Rate of reserve growth and new enterprise integration milestones.
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$LINK Technical Breakout Hints at Sustained Momentum LINK has broken through critical resistance levels, backed by bullish technical signals: MACD: Bullish crossover confirmed, with the MACD line (1.62) rising above its signal line (1.3).RSI: At 63.66 (14-day), indicating strong momentum without entering overbought territory. Price vs. Moving Average: Trading 30% above the 200-day SMA ($15.69), reflecting robust long-term uptrend strength. What’s next? A close above the immediate resistance at $24.66 (August 17 high) could trigger a wave of FOMO buying. If sustained, the next targets lie at $27.16–$30.34, aligned with key Fibonacci extension levels. 🎯 Key level: A decisive breakout above $24.66 may confirm the start of a larger bullish phase.
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