- The price of Chainlink fell by double digits on Friday to below $14, losses that came amid broader market turmoil.
- LINK’s dump coincided with a sharp dip in Bitcoin to under $96,000.
- Further losses could push Chainlink’s price down to $10.
The cryptocurrency market is wobbling under intense bearish pressure as Chainlink (LINK) slipped below $14 alongside significant drops for Bitcoin, Ethereum and Solana.
Bitcoin’s slide beneath $96,000 — with bears testing $95,860 — fed losses for ETH and SOL, each tumbling roughly 10% to multi-month lows.
The selling pressure triggered a cascade effect, dragging other altcoins such as Cardano and Chainlink into the red.
LINK now faces the risk of recording a deeper setback.
Chainlink drops below $15
Chainlink (LINK) is among the major tokens seeing dramatic declines as Bitcoin’s fall to a six-month low under $96,000 hit market sentiment hard.
LINK traded at $14.08 in early U.S. trading on Friday, down about 11% over the past 24 hours. According to CoinMarketCap data, the double-digit loss extends the altcoin’s slide over recent days to roughly 25% for the month.
Looking at cumulative weekly losses, bulls have been sharply retraced since the token reached a recent high of $19.12.
The altcoin’s market capitalization now stands at $9.76 billion, while daily trading volume has risen about 43% to nearly $1.2 billion, highlighting heightened market activity.
Bitcoin plunges as bears overwhelm bulls
As noted, Chainlink’s price tumbled amid a bearish wave that intensified after BTC’s sudden dip.
Cryptocurrencies were dumped on Wednesday as investor concerns around macroeconomic and geopolitical uncertainty increased. The decline in altcoins accelerated after misleading reports suggested BTC sales by major holders.
Reports that Michael Saylor sold bitcoin appeared to stem from portfolio reallocation rather than outright liquidation.
Analysts were quick to call out the false reports, and on-chain data platform Lookonchain shared details showing large BTC movements likely for custody purposes.
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
When Bitcoin dumped in the initial sell-off, Chainlink followed suit.
The token’s price action reflected prevailing market fear, reaching lows not seen since April. Indeed, Chainlink’s drop below $14 allowed bears to revisit $13.90 support levels.
While LINK could hover around $14 if the market stages a short-term rebound, further losses could trigger a deeper decline toward the key $10 level.
Despite the pullback, Chainlink remains bullish on a longer-term horizon, supported by macroeconomic tailwinds, regulatory shifts and ongoing partnerships that serve as important catalysts.
There is also increasing activity around spot exchange-traded funds, which gained momentum this week with a new spot XRP ETF launch in the U.S.
LINK may also benefit from the Chainlink Reserve initiative, which recently added over 74,049 LINK tokens, bringing its total holdings to more than 803,387 LINK.