Fidelity Digital Assets has cautioned that Bitcoin’s strong August performance does not necessarily mean the cryptocurrency’s broader bear market has ended. While the latest rally has improved market conditions, the firm said investors should still consider the possibility of another market bottom later this year. Bitcoin posted its strongest monthly gain since late 2024 during August, while Ethereum and other major cryptocurrencies also recorded substantial advances. The move has led some investors to argue that the market may have already established a bottom. Key Takeaways Fidelity said Bitcoin’s bear market may not be over despite its strong August recovery. The four-year cycle model places potential attention on November 2026, although Fidelity stressed that the pattern is not a reliable timing tool. Bitcoin gained more than 25% during the third week of August, while Ethereum and Solana rose 34.1% and 28%, respectively. Growing stablecoin activity, real-world asset adoption, insti...
Chainlink’s LINK token has climbed nearly 50% over the past month, with the latest rally pushing its price above $12 as partnerships with financial institutions and U.S. government entities strengthens the market’s focus on the network’s role in traditional finance. LINK gained about 8% in 24 hours on September 4, bringing its market capitalization to roughly $9 billion and placing it among the largest crypto assets by market value. The move has coincided with a broader crypto recovery but has also been supported by several developments involving Chainlink’s infrastructure. Key Takeaways LINK has gained nearly 50% in one month and recently moved above $12. Chainlink partnered with Bottomline, which serves more than 600 banks and processes over $16 trillion in annual payments. The U.S. Department of Commerce is using Chainlink infrastructure to bring selected economic data onchain. Wyoming has expanded its use of Chainlink for its state-issued stablecoin, while Standard Chartered sees L...