- Chainlink’s price fell by double digits below $14 on Friday, losses that came amid wider market turbulence.
- The decline in LINK coincided with a sharp drop in Bitcoin below $96,000.
- Further losses could push Chainlink’s price down toward $10.
The cryptocurrency market is under intense bearish pressure, with Chainlink (LINK) slipping below $14 as Bitcoin, Ethereum and Solana all suffered steep declines.
Bitcoin’s drop below $96,000, with bears touching $95,860, triggered losses in ETH and SOL that fell about 10% to fresh multi-month lows.
Selling pressure sparked a cascading effect that dragged other altcoins such as Cardano and Chainlink into the red.
LINK now faces a risk of a deeper pullback.
Chainlink slips below $15
Chainlink’s price was among the worst-hit tokens as Bitcoin plunged to a six-month low below $96,000, dealing a heavy blow to market sentiment.
On Friday during the U.S. session, LINK traded at $14.08, down about 11% over the prior 24 hours. According to CoinMarketCap data, the double-digit loss extends the altcoin’s decline to roughly 25% over the past month.
Measured from a recent high of $19.12, bulls have seen steep losses over the past week.
Chainlink’s market capitalization now stands at $9.76 billion, while 24-hour volume rose 43% to nearly $1.2 billion, highlighting elevated market activity.
Bitcoin tumbles as bears clash with bulls
As noted above, Chainlink’s sharp drop occurred amid a bearish onslaught that intensified when BTC suddenly fell.
Markets weakened midweek as investor concerns about macroeconomic and geopolitical uncertainty grew. The altcoin sell-off accelerated after misleading reports surfaced suggesting that Strategy had sold BTC.
The reports that Michael Saylor was selling Bitcoin appeared to reflect internal wallet reallocation rather than an actual sale.
Analysts such as Miles Deutscher quickly flagged the misinformation, and on-chain analytics platform Lookonchain shared further details.
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, when Bitcoin fell during the initial wave of selling, Chainlink followed suit.
The token’s price action reflected growing fear across the market and hit lows last seen in April. The drop below $14 allowed bears to push prices back toward $13.90.
LINK may hover around the $14 level as bulls look for a rebound, but the risk of deeper losses remains, with $10 identified as a key downside target.
Despite the pullback, Chainlink’s long-term outlook remains bullish, supported by favorable macro winds, regulatory developments, and strategic partnerships.
Momentum is also building around spot exchange-traded funds, which picked up pace this week with the U.S. launch of a spot XRP ETF.
LINK could also benefit from Chainlink Reserve’s recent deposits: the initiative added more than 74,049 LINK this week, bringing the reserve’s total holdings to over 803,387 LINK.