Bitcoin falls after ETF approval; investors turn to Chainlink and NuggetRush
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- Bitcoin demand dropping
- Crypto whales looking at Chainlink.
- NuggetRush presale draws investors
Moments after the spot Bitcoin ETF was approved in the U.S., prices tanked. Meanwhile, Lookonchain data shows heightened whale activity for Chainlink (LINK). Amid this, more investors are exploring NuggetRush (NUGX). So far, over 161 million NUGX have been sold.
Bitcoin demand drops
On Jan. 11, the U.S. Securities and Exchange Commission (SEC) approved several spot Bitcoin ETFs.
However, according to market research firm CryptoQuant, BTC demand appears to wane.
As a result, prices fell to as low as $39,500. Part of this retracement was due to profit-taking.
NuggetRush strengthening
The NuggetRush presale has sold over 161 million NUGX.
NuggetRush is a blockchain game using NFTs where players compete in mining tasks for financial rewards.
It mimics an artisanal miner’s everyday routine and operates within a blockchain environment.
Players assemble their mining crew and apparatus to expand their mining operations.
The amount of gold and valuable minerals they mine determines their rewards.
In the current stage, NUGX is available for $0.018.
Whales exploring Chainlink
According to Lookonchain data, a whale address recently bought 601,900 LINK worth $8.9 million.
LINK was bought at an average price of $14.80. However, prices later rose to $15.90.
Closing thoughts
Investors are concerned about the recent decline of Bitcoin. Amid this, Chainlink and NuggetRush are firm. Investors are increasingly looking at NUGX, diversifying their portfolios.
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