- On Friday, Chainlink’s price fell into the low double digits below $14, losses that occurred amid broader market turbulence.
- LINK’s decline coincided with a sharp drop in Bitcoin to under $96,000.
- Further losses could push Chainlink’s price toward $10.
The cryptocurrency market is facing intense bearish pressure, with Chainlink (LINK) plunging below the $14 level alongside significant declines in Bitcoin, Ethereum and Solana.
Bitcoin’s slide beneath $96,000, with bears pushing it as low as $95,860, fueled losses in ETH and SOL, each tumbling about 10% to fresh multi-week lows.
The selling pressure set off a cascade effect, dragging other altcoins into the red, including Cardano and Chainlink.
LINK faces the risk of a deeper rout.
Chainlink drops below $15
Chainlink (LINK) was among the first tokens to suffer a steep decline as Bitcoin fell to a six-month low under $96,000, severely denting market sentiment.
LINK traded at $14.08 at the start of Friday’s U.S. market session, down about 11% over the past 24 hours. According to CoinMarketCap data, this double-digit loss extends the altcoin’s recent rout to roughly 25% over the past month.
Looking at the week’s cumulative drop, bulls have lost substantial ground after LINK hit a recent high of $19.12.
The altcoin’s market capitalization now stands at $9.76 billion, while daily trading volume rose 43% to nearly $1.2 billion, highlighting increased market activity.
Bitcoin crash as bears overwhelm bulls
As noted, LINK’s sharp fall was driven by a bearish onslaught that intensified with Bitcoin’s sudden weakness.
Cryptocurrencies initially plunged amid rising investor concerns about macroeconomic and geopolitical turbulence. The decline in altcoins accelerated further after false reports surfaced claiming Strategy sold BTC.
Posts suggesting Michael Saylor was selling bitcoin were, in fact, related to redistribution between wallets for custody purposes rather than outright sales.
Analysts quickly highlighted the misinformation, and on-chain analytics provider Lookonchain shared details clarifying the transfers.
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
Despite clarifications, Bitcoin fell during the initial sell-off, and Chainlink followed suit.
The token’s price action mirrored the market’s fear, touching lows not seen since April. Specifically, Chainlink’s drop below $14 allowed bears to retest the $13.90 lows.
The altcoin may hover around the $14 mark as bulls watch for a rebound, but further losses could escalate the bleed toward the critical $10 level.
Despite the pullback, Chainlink’s long-term outlook remains bullish, supported by macroeconomic tailwinds, evolving regulatory clarity and strategic partnerships.
There is also momentum around spot exchange-traded funds, which are accelerating releases with a spot XRP ETF launch in the U.S. this week.
LINK could also benefit from the Chainlink Reserve initiative, which this week added more than 74,049 LINK tokens, bringing the total reserve to over 803,387 LINK.