Bitcoin at Resistance; ChainLink, Arcblock, and Immutable Making Gains- Featured Image

Bitcoin at Resistance; ChainLink, Arcblock, and Immutable Making Gains

(17 May 2024, 10:52 AM IST):

This Friday morning, the cryptocurrency market is experiencing a slight bearish trend, with both Bitcoin (BTC) and Ethereum (ETH) showing minor drops in their prices. Bitcoin, after a recent surge, now stands at $65,541, down by 0.47% in the last 24 hours. Ethereum is trading at $2,949, having dipped by 1.94% during the same period.

The previous pump of BTC has brought it above $65,237. This support level has been retested by bitcoin by dropping from $66,752, and we might see BTC in the above direction as it retests the resistance level.


Despite the downturn in the major cryptocurrencies, some altcoins are making significant gains. Among the top performers today are ChainLink (LINK), Arcblock (ABT), and Immutable (IMX).

Current Prices for Bitcoin (BTC) and Ethereum (ETH)

  • Bitcoin (BTC): Currently priced at $65,541, BTC has experienced a slight decline of 0.47% over the past 24 hours. Its market capitalization stands at $1.29 trillion.
  • Ethereum (ETH): Trading at $2,949, ETH has seen a 1.94% decrease in the last 24 hours. The market cap for Ethereum is $354 billion.

Top Gainers

Top Crypto Gainers Today
Source: Coinmarketcap
  1. ChainLink (LINK): ChainLink has surged by 12.37% in the last 24 hours, bringing its price to $15.68. With a market capitalization of $9.23 billion, LINK has also shown a 10.05% increase over the past week.
  2. Arcblock (ABT): Arcblock, the AI token has risen by 9.61% in the last 24 hours, reaching a price of $4.11. Its market cap is $406 million, and over the last week, ABT has surged by an impressive 32.84%.
  3. Immutable (IMX): Immutable the Layer 2 token, has seen a 5.99% increase in the last 24 hours, with its price now at $2.48. The market cap for IMX stands at $369 billion, and the token has gained 12.03% over the past seven days.

As the market shows these mixed trends, investors are keeping a close eye on Bitcoin’s potential to break above its current resistance level and the continued performance of these top-gaining altcoins.

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