Altcoins took the spotlight on Wednesday as bitcoin (BTC) traded flat in the wake of the recent debut of spot ETFs in the U.S. Chainlink, the decentralized oracle network that connects blockchains, saw its LINK token climb 6% on the day.
While some have forecasted that bitcoin might drop and find support anywhere between the $32K to $38K mark, Timmer expects consolidation of recent gains. 'The short-term question is whether this a sell-the-news moment. My guess is that it will take a little time to consolidate the recent gains, now that the big moment has arrived,'
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