Bitcoin struggles to maintain price while Link Soars 10%
The Chainlink (LINK), tokens of the Oracle platform managed to gain 10% during the last 24hours. LINK managed to gain a 27% rise during the past week. The token was around USD 26 during morning hours and hit resistance level as the traded took profits with higher prices.
The token hit an all-time high of USD52 during May 2021 and, the price is 50% down ever since. As per the Coinmarketcap data, the Chainlink market capitalization is around USD12 billion. While many other cryptocurrencies are in the red zone LINK managed to stay in the green zone with its growth over the week.
Bitcoin’s failed price levels
While Chainlink managed to spike 10% in value, Bitcoin keep struggling with USD47,000 levels. With Bitcoin’s market cap hitting below USD900 billion BTC’s dominance over other cryptocurrencies continues to diminish. As of today, the market dominance declined below 40% as per the Coinmarketcap data.
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Text source: Bitcoin FT
