Crypto Market Update: Focus on Bitcoin (BTC), Litecoin (LTC), and Chainlink (LINK)

This article provides a quick overview of how the crypto market has been doing—with special focus on Bitcoin, Litecoin, and Chainlink—over the past 24-hour period.

Bitcoin (BTC)

According to data from CryptoCompare, at 02:50 UTC on Saturday (August 3), the Bitcoin price managed to go over the $10,800 for the first time since July 20. 

BTC-USD (2 Week) on 3 August 2019.jpg

At press time (08:30 UTC on August 3), Bitcoin is trading at $10,821, up 2.96% in the past 24-hour period:

BTC-USD on 3 August 2019.png

Litecoin (LTC)

Although Litecoin price is up over 214% in 2019, it is still down almost 75% from the all-time high (ATH) price ($375.29) on 19 December 2017. Over the past three-month period, Litecoin has been on a downward trajectory since June 22, when it reached a price of $141.77. 

LTC-USD (3 Months) on 3 August 2019.jpg

In fact, even though the Litecoin block mining reward is expected to halve from 25 to 12.5 coins on August 5, in the past 24-hour period, the Litecoin price has gone down 2.6% to below $95 while the Bitcoin price has gone up almost 3%:

LTC-USD (24 Hours) on 3 August 2019.png

Chainlink

Out of all cryptoassets, the second highest gainer in the past 24-hour period is Chainlink (LINK), which is currently trading at $2.639 (up 21.28%):

LINK-USD (24 Hours) on 3 August 2019.png

One piece of good news that may have helped the Chainlink price is Callisto Network announcing on Friday (August 2) that it is integrating with Chainlink:

In a blog post published on August 2, Callisto explained the motivation for this integration with Chainlink oracles:

We’re implementing Chainlink to give to our holders and smart contract developers a unique, decentralized and versatile oracle function. Chainlink was chosen for its open source nature, exceptional technical team, and clear developer documentation. Currently, Callisto doesn’t have an oracle system that can enable essential communication on-chain with external off-chain services. Callisto will achieve the perfect decentralized ecosystem end-to-end with Chainlink.

Litecoin vs. Chainlink

Talking of LTC and LINK, here is what highly respected crypto trader Josh Rager had to say bout these two cryptoassets earlier today:

Other Altcoins

Here is how the how the other altcoins are doing in the past 24-hour period:

Altcoins (24 Hours) on 3 August 2019.png

Featured Image Credit: Photo via Pexels.com