Chainlink and Cardano pop up while Bitcoin and Ethereum stabilize

August started spectacular. Bitcoin (BTC) started a powerful rise and reached a new all-time high of almost 124,500 dollars on 14 August. Ethereum (ETH) also performed strongly with a monthly increase of more than twenty -six percent.

After this impressive rally, the large cryptos now take gas back. Yet altcoins such as Chainlink (link) and Cardano (ADA) stand out because they resume their upward trend.

Bitcoin back at $ 118k support

Bitcoin (BTC) showed a small plus of 0.8 percent for the past 24 hours and thus comes to $ 118,355. Yet the price is still almost five percent lower than the peak from a few days ago.

After that correction, BTC returned to the familiar level around $ 118,000. Strikingly enough, the coin had been swinging around the same border for weeks in July. It seems that this zone again serves as a sturdy safety net for the race.

Ethereum Toon Resilience

Ethereum (ETH) also climbs quietly, with an increase of 3.4 percent in the last 24 hours. That is just a bit stronger than with Bitcoin. The price is now at $ 4,540. For a new all-time High, around 7.5 percent are still needed.

If ETH breaks through that earlier top, the coin ends up in an unknown area. The limit of $ 5,000 could become a strong psychological hurdle. For such a breakthrough, it is crucial that Bitcoin stays firm and that there are no setbacks from the global economy.

Chainlink explodes after a new partnership

The real fireworks come today from Chainlink (link), which is working hard on the road with an increase of no less than 14.6 percent. This means that the losses of the recent correction are brushed away in one fell swoop and the upward trend seems completely back.

The current revival is partly driven by striking news: the Intercontinental Exchange (ICE), one of the largest exhibition and data platforms in the world, will collaborate with Chainlink. Because of this integration, real-time market data of shares, bonds, derivatives, raw materials and currencies can now be displayed safely and transparently via Chainlink-Oracles on the blockchain.

Cardano is approaching $ 1 border again

There is also the speed in Cardano (ADA). On August 14, De Munt briefly tapped the limit of 1 dollar, but that outbreak turned out to be short -lived. The course then dropped back below 0.90 dollars.

Nevertheless, Cardano shows resilience again. With an increase of 6.4 percent, the price is now at $ 0.97. This puts the important resistance around 1 dollar in sight. If it is broken, the next zone is between 1.10 and $ 1.20 – the level where Ada already peaked earlier this year.