Chainlink Down More Than 8% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has dropped 8.9% in the last 24 hours to $13.86, continuing a weekly downward trend with a 15.0% loss. Trading volume is up by 15.0%, and the circulating supply has increased by 1.72% to 556.85 million, which is 55.68% of the max supply. Chainlink's market cap is currently ranked #15 at $7.68 billion.
January 03, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Chainlink (LINK) has experienced a significant price drop of 8.9% in the past 24 hours and a 15% decrease over the past week, indicating a bearish trend.
The substantial drop in Chainlink's price over the past 24 hours and week suggests a negative sentiment among investors, which could lead to a continued short-term downtrend. The increase in trading volume may indicate higher interest in selling, while the increase in circulating supply could put additional downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100