Chainlink (LINK) price recently experienced a significant drop, breaking below a key support level on the weekly timeframe. This has raised concerns among investors, who fear that the price could further decline by as much as 45%. Adding to the worries is the fact that LINK recently touched a 50-month low against Bitcoin (BTC), indicating weakness in the asset’s performance. Despite Chainlink’s strong fundamentals, investors remain cautious about the future trajectory of its price.
Latest
Will Chainlink Price Crash 45% After Hitting A 50-Month Low Against BTC?
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.