Bitcoin

Ronin

when

Chainlink

Bitcoin (BTC) experienced a slight increase, reaching above $43,000 during the European afternoon hours on Monday, after a weekend characterized by minimal fluctuations. This recent trend underscores a period of low volatility preceding the U.S. trading hours, suggesting a cautious market sentiment. 
Among the significant cryptocurrencies, <a href="https://crypto.ro/en/cryptocurrencies/CHAINLINK/">Chainlink’s</a> LINK stood out with a 7% rise in the past 24 hours, achieving a notable 22-month high. This bullish momentum for LINK has been fueled by the growing interest in the tokenization of real-world assets (RWA), with analysts from K33 Research in January highlighting LINK as a secure investment avenue amidst the expanding RWA narrative. 
<img loading="lazy" decoding="async" class="size-full wp-image-30066 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/02/Coin360-35.png" alt="Coin360 35" width="1920" height="803" title="Bitcoin price surges above $43,000; Chainlink hits 22-month high 21" srcset="https://crypto.ro/en/wp-content/uploads/2024/02/Coin360-35.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/02/Coin360-35-300x125.png 300w, https://crypto.ro/en/wp-content/uploads/2024/02/Coin360-35-1024x428.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/02/Coin360-35-768x321.png 768w, https://crypto.ro/en/wp-content/uploads/2024/02/Coin360-35-750x314.png 750w, https://crypto.ro/en/wp-content/uploads/2024/02/Coin360-35-1140x477.png 1140w" sizes="(max-width: 1920px) 100vw, 1920px"> 
Conversely, the Ronin Network’s RON token saw a 9% decline following Binance’s <a href="https://www.binance.com/en/support/announcement/binance-will-list-ronin-ronin-with-seed-tag-applied-dfea1e2ae7fd475196b215e673193c63" rel="nofollow noopener" target="_blank">announcement</a> to list the token, continuing a recent trend where token prices fall following listing announcements by the world’s largest crypto exchange by volume. 
<img loading="lazy" decoding="async" class="size-full wp-image-30067 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/02/RONUSDT_2024-02-05_14-56-53.png" alt="RONUSDT 2024 02 05 14 56 53" width="1754" height="751" title="Bitcoin price surges above $43,000; Chainlink hits 22-month high 22" srcset="https://crypto.ro/en/wp-content/uploads/2024/02/RONUSDT_2024-02-05_14-56-53.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/02/RONUSDT_2024-02-05_14-56-53-300x128.png 300w, https://crypto.ro/en/wp-content/uploads/2024/02/RONUSDT_2024-02-05_14-56-53-1024x438.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/02/RONUSDT_2024-02-05_14-56-53-768x329.png 768w, https://crypto.ro/en/wp-content/uploads/2024/02/RONUSDT_2024-02-05_14-56-53-750x321.png 750w, https://crypto.ro/en/wp-content/uploads/2024/02/RONUSDT_2024-02-05_14-56-53-1140x488.png 1140w" sizes="(max-width: 1754px) 100vw, 1754px"> 
This phenomenon has sparked discussions among traders, with some viewing the dips as buying opportunities, suggesting a positive outlook for <a href="https://crypto.ro/en/cryptocurrencies/bitcoin">Bitcoin</a> in the weeks to come. 
Alex Kuptsikevich, a senior market analyst at FxPro, noted that while cryptocurrencies traditionally followed the ‘what doesn’t rise, falls’ pattern, recent sell-off attempts after periods of stability were met with robust buying activity. This was evident at the start of trading on Monday when BTCUSD was bought back significantly on dips to $42,000, indicating a strong “buying on dips” sentiment among traders. 
With the impact of previous market catalysts, such as bitcoin ETFs, largely absorbed, investors are now in anticipation of the next major development that could inject volatility into the market. Meanwhile, analysts at Coinbase have reported easing selling pressure on Bitcoin, with macroeconomic factors potentially favoring an uptrend in Bitcoin prices, offering a glimpse of optimism for the cryptocurrency’s growth prospects.

Bitcoin price surges above $43,000; Chainlink hits 22-month high

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