- Chainlink’s price plunged into double-digit losses, falling below $14 on Friday amid broader market turmoil.
- The sell-off in LINK coincided with a sharp drop in Bitcoin below $96,000.
- Further losses could push Chainlink toward the $10 level.
Cryptocurrency markets reeled under heavy selling pressure as Chainlink (LINK) tumbled below $14, alongside steep declines in Bitcoin, Ethereum and Solana.
Bitcoin’s fall beneath $96,000 — with intraday lows reaching around $95,860 — set off cascading losses for ETH and SOL, each plunging about 10% to fresh multi-month lows.
The selling pressure had a ripple effect across the altcoin market, dragging other tokens such as Cardano and Chainlink into the red.
LINK now faces the risk of deeper losses.
Chainlink slips under $15
Chainlink was among the top tokens to suffer a dramatic decline as Bitcoin slid to six-month lows below $96,000, severely denting market sentiment.
LINK traded at $14.08 during early U.S. trading on Friday, down roughly 11% over 24 hours. According to CoinMarketCap data, this double-digit drop extended the altcoin’s recent losses to about 25% over the past month.
Viewed in the context of this week’s cumulative decline, LINK has retraced sharply from a recent high of $19.12.
Chainlink’s market capitalization now stands near $9.76 billion, while daily trading volume jumped about 43% to nearly $1.2 billion, underscoring rising market activity.
Bitcoin collapse worsens bearish momentum
As noted above, Chainlink’s steep fall came amid an intensifying bearish attack that accompanied Bitcoin’s sudden drop.
Although broader crypto markets began to weaken on Wednesday amid investor concerns about macroeconomic and geopolitical volatility, altcoin selling picked up pace after false reports surfaced claiming a major sale of BTC.
Reports that Michael Saylor sold bitcoin appear to have been tied to wallet redistributions rather than actual sales.
Analysts such as Miles Deutscher quickly flagged the misinformation, and on-chain analytics platform Lookonchain provided additional context on the wallet movements.
Strategy(@Strategy) moved 58,915 $BTC($5.77B) to new wallets today, likely for custody purposes.https://t.co/FgZG2ZWlVi pic.twitter.com/fimqXsgLH0
— Lookonchain (@lookonchain) November 14, 2025
Nevertheless, when Bitcoin was dumped during the early sell-off, Chainlink followed suit.
The token’s price action reflects prevailing market fear, reaching lows last seen in April. In fact, Chainlink’s move below $14 allowed prices to revisit a low of $13.90.
Altcoins may hover around the $14 area as bulls hunt for a bounce, but further downside threatens to extend losses toward the critical $10 level.
Despite the recent pullback, Chainlink remains bullish on a longer-term basis, supported by macroeconomic tailwinds, evolving regulatory clarity and key partnership catalysts.
There has also been renewed discussion around spot exchange-traded funds, highlighted by the recent U.S. launch of a spot XRP ETF this week.
LINK could also benefit from Chainlink Reserve initiatives: the Reserve added 74,049 LINK this week, bringing the program’s total to more than 803,387 LINK.