Should You Worry About Chainlink's 20% Weekly Price Crash?
Chainlink (LINK) has faced a substantial price crash over the last few days. LINK’s downtrend follows a market-wide pattern, with Bitcoin (BTC) falling below the $110,000 price level. According to CoinGecko data, LINK’s price has dipped by 3.1% in the last 24 hours, 20.8% in the last week, 22.7% in the 14-day charts, and 25.8% over the previous month. Source: CoinGecko Should You Be Worried About Chainlink’s Massive Price Crash? Source: Binance Academy The current market crash could be due to heightened investor worry. The market faced its most significant single-day liquidation ever earlier this month. The dip was triggered by a spat between the US and China, with both parties threatening trade blockages. The market recovered after positive developments at the negotiating table. However, investor sentiment is still low. Chainlink (LINK) and other assets continue to see big outflows. According to CoinGlass data, $717.76 million was liquidated from the crypto market in ...