Bitcoin (BTC) is hovering around $108,000 at the time of writing on Monday after gaining more than 7% last week. Bitcoin concludes a strong second quarter, with gains exceeding 30%. The bullish sentiment is further supported by robust institutional interest, as US-listed spot Bitcoin Exchange Traded Funds (ETFs) recorded $2.22 billion in weekly inflows, the highest since May.
Chainlink (LINK) edges lower by over 2% at press time on Monday, starting the week on a declining trend after posting gains during the weekend. Both the technical outlook and on-chain data show overhead supply pressure that could lead Chainlink to extend the pullback, crushing the Open Interest spike in the derivatives market.
Cryptocurrency prices are taking a breather on Monday following a recovery staged last week, with Bitcoin (BTC) breaking above multiple hurdles, including $107,000 and $108,000. The bullish momentum can…
