LINK Holds Its 200-Day EMA While AVAX Trades Below Every Key Average
Photo: Crypto Daily
Chainlink and Avalanche are trying to recover after a scare around a Binance hot wallet set off a wave of forced selling. The exchange paused some withdrawals and has not confirmed any loss of customer funds. The rebound matters because both tokens had already lost about a quarter of their value this month. Traders now want to know whether this bounce marks a floor or just a pause before sellers return. On the evening of Oct 29, about $2.8B reportedly moved out of a hot wallet attributed to Binance.
Source: Crypto Daily
