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Cardano (ADA), Dogecoin (DOGE), Chainlink (LINK) lead to the rising crypto markets

Crypto markets saw on Monday morning after months of “range” profits in the billions, as data from several sources show.

Stood at the top Bitcoin, the world’s largest cryptocurrency by market cap, jumping over 10% – from $ 35,000 to $ 38,000 – and up to $ 39,000 with a brief correction.

Bitcoin is trading well above its 34-period moving average on Monday morning (a popular tool used by traders to determine market trends based on historical asset prices), but sales have been recorded at the “resistance” level of $ 38,000. The $ 40,000 mark also remains another level of resistance.

Image: BTC / USD via TradingView.

Dogecoin, Cardano push skyward

The move from Bitcoin led to large-cap cryptocurrencies like Cardano, Dogecoin and Chainlink follow and lead the price charts with profits in the mid double-digit percentage range. As a result, the fifty largest cryptocurrencies (by market capitalization) were also seeing high single-digit percentage gains at the time of going to press.

Decentralized oracle service Chain link up 12% at press time – from $ 16.62 to $ 18.86, followed by meme tokens Dogecoin (+ 13%, from $ 0.19 to $ 0.22) and the proof-of-stake blockchain platform Cardano (+ 11%, from $ 1.22 to $ 1.37).

Image: BTC / USD via TradingView.

Other large-cap market leaders were XRP (+ 9%), Polkadot (DOT; + 10.3%), Bitcoin Cash (BCH; + 11.3%) and Ethereum Classic (ETC; + 13.3%).

Is Amazon Buying Bitcoin?

Some market observers in crypto circles on Twitter linked the steps with “insider” reports from the global online marketplace Amazon, which wants to integrate Bitcoin payments for its services by 2022 and bring its own coin onto the market. However, these remain unfounded at the time of going to press.

“It starts with Bitcoin – this is the most important first phase of this crypto project, and the guideline comes from the very top … Jeff Bezos himself.” Https://t.co/vyAvu0CPc2

– Will Clemente (@WClementeIII) July 25, 2021

Not all dealers have banked now. Bybt market tool data shows that nearly $ 1 billion worth of “short” traders – individuals betting on the market – were liquidated this morning, with $ 480 million from Bitcoin trades alone.

Then there was that strange. The futures markets for Bitcoin on Binance saw a temporary price wick of up to $ 48,000, arguably liquidating thousands of traders who may have booked their stop losses much higher than current prices.

Just woke up…

So what exactly happened here? $ BTC #Binance pic.twitter.com/spT1ynVaRT

– Nyuu (yuNyuuRoe) July 26, 2021

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