Tag: 95K

Chainlink crashes below $14 as Bitcoin slumps to $95K, altcoin market bleeds heavily
- Chainlink price fell by double digits to below $14 on Friday, losses that came amid broader market turmoil.
- LINK’s dump aligned with the sharp dip for Bitcoin to under $96,000.
- Further losses could see Chainlink price plunge towards $10.
The cryptocurrency market is reeling under intense bearish pressure, with Chainlink (LINK) price plummeting below the $14 mark alongside huge dips for Bitcoin, Ethereum, and Solana.

Bitcoin’s drop below $96,000, with bears touching $95,860, fueled losses for ETH and SOL, which fell 10% each to new multi-month lows.

The selling pressure triggered a cascade effect, dragging other altcoins like Cardano and Chainlink into the red.

LINK is at risk of registering a deeper rout.

Chainlink dips below $15

Chainlink (LINK) price is among the top coins to suffer a dramatic fall as Bitcoin’s crash to a six-month low below $96,000 slammed sentiment hard.

LINK traded at $14.08 as of the early US market session on Friday, down 11% in the last 24 hours. According to CoinMarketCap data, the double-digit loss extends the altcoin’s plunge in recent days to 25% in the past month.

When considering the week’s cumulative decline, bulls are sharply down since hitting a recent high of $19.12.

The altcoin’s market cap now stands at $9.76 billion, while daily volume has spiked 43% to nearly $1.2 billion to highlight the intensified market activity.

Bitcoin plummets as bears crash bulls

As highlighted, Chainlink price fell sharply amid a bearish onslaught that intensified with BTC’s sudden dip.

While cryptocurrencies had dumped on Wednesday as investor concern around macroeconomic and geopolitical turbulence mounted, alts’ decline accelerated as fake news about Strategy selling BTC surfaced.

Posts that Michael Saylor was selling bitcoin appeared to relate to redistribution in wallets and not selling.

Analysts like Miles Deutscher were quick to point out the fake news, and onchain data analytics platform Lookonchain shared the details below.

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

However, as Bitcoin dumped amid the initial selling, Chainlink followed suit.

The token’s price action mirrored the market’s fear sentiment, hitting lows last seen in April. Indeed, Chainlink’s plunge below $14 allowed bears to revisit lows of $13.90.

The alt may be hovering around the $14 mark as bulls eye a rebound, but losses threaten increased bleeding towards the all-important $10 mark.

Despite the dip, Chainlink price remains bullish long term, with factors such as macroeconomic tailwinds, regulatory shifts and partnerships key catalysts.

There is also the buzz around spot exchange-traded funds, which are gathering release pace with a spot XRP ETF launching in the US this week.

LINK could also benefit from the Chainlink Reserve initiative, which added over 74,049 LINK tokens this week to bring the total haul to over 803,387 LINK.

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November 14, 2025
Bitcoin steady near $95K, but is market ‘blind’ to economic headwinds?
- Bitcoin recovered from an intraday dip to trade near $94,700, down slightly over 24 hours.
- US stocks also recovered late after falling over 2% early on weak economic data.
- Altcoins generally underperformed Bitcoin, with the CoinDesk 20 index down 2%.
Cryptocurrency markets navigated a choppy session on Wednesday, ultimately demonstrating resilience alongside traditional US equities as both asset classes clawed back from earlier declines.

Despite this recovery, underlying economic concerns and persistent uncertainty surrounding US trade policy kept investors watchful, with some analysts questioning the market’s apparent disregard for potential headwinds.

Crypto recovers from dip, altcoins lag

While characterized by volatility, the overall trend for crypto on Wednesday remained one of range-bound trading.

Shortly after the close of US equity trading, Bitcoin (BTC) was holding steady around $94,700, marking only a marginal 0.4% decline over the preceding 24 hours.

This modest change, however, belied earlier volatility where the leading cryptocurrency had dipped nearly 2%, mirroring weakness seen in stocks during the initial part of the session.

While Bitcoin recovered most of its lost ground, many alternative cryptocurrencies (altcoins) failed to keep pace, suggesting a degree of risk aversion within the digital asset space.

The broader CoinDesk 20 index, which tracks leading cryptocurrencies excluding stablecoins and certain other tokens, slumped 2% over the 24-hour period.

Notable decliners included litecoin (LTC), Ripple’s XRP, Avalanche (AVAX), and Chainlink (LINK), each shedding roughly 4%.

Wall Street stages late-day comeback

This pattern of early weakness followed by a late recovery closely mirrored the action on Wall Street.

Major US stock indices initially tumbled by 2% or more following the release of less-than-stellar economic news, only to regain substantial ground throughout the trading day.

The S&P 500 managed to close slightly in positive territory, while the Nasdaq Composite finished with a minor dip of just 0.1%.

Economic jitters, tariff talk persist

Despite this market resilience, the underlying economic picture presented cause for concern, contributing to the earlier sell-off.

Data releases pointed towards potential slowing in the US economy.

Consumer confidence readings hit multi-year lows, and job opening figures came in below expectations, potentially reflecting the impact of ongoing trade tensions and tariff policies.

The continuing string of lackluster economic data, however, has not appeared to sway US President Trump from his assertive tariff policies.

Dismissing potential negative consequences for consumers, Trump remarked early Wednesday: “Somebody said all the shelves are going to be open… Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more than they would normally. … They have ships that are loaded up with stuff, much of which we don’t need.”

These comments underscore the ongoing policy uncertainty contributing to market volatility.

Analyst flags market ‘blindness’ to deeper risks

This apparent disconnect between weakening economic signals and relatively buoyant market performance drew sharp commentary from some analysts.

Jeff Park, head of Alpha Strategies at digital asset investment firm Bitwise, expressed concern about the market’s focus.

“Hard to fathom how blind the market really is,” Park posted on the social media platform X (formerly Twitter).

He argued that the market’s fixation on potential near-term Federal Reserve interest rate cuts overlooks more significant fundamental risks related to US economic policy and its global standing.

“A Fed cut means nothing if U.S. creditworthiness is permanently impaired by the global community as resulted by dollar weaponization,” Park stated, suggesting aggressive policies could undermine trust in the US dollar and, by extension, the notion of a “risk-free” US Treasury asset.

“That’s the mispricing we are talking about here,” he continued.

“The myopic focus on whether [we] are getting a fed cut in May/June is completely irrelevant if the notion of the risk-free as we know it is fundamentally challenged forever, which means cost of capital globally is going higher.”

Mixed fortunes for crypto stocks

Reflecting the somewhat mixed day, crypto-related equities saw modest movements overall.

Coinbase (COIN) and MicroStrategy (MSTR) posted slight gains, while Bitcoin miner Hut 8 (HUT) stood out as a notable underperformer, declining 5.7%.

The day’s trading ultimately highlighted a market grappling with conflicting signals – resilience in price action against a backdrop of concerning economic data and persistent policy uncertainty.

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May 1, 2025
Bitcoin near $95K despite tariff woes, analyst concern
- Bitcoin traded above $95,400 Tuesday, showing resilience despite economic concerns.
- US stocks (S&P 500, Nasdaq +0.55%) also continued their recovery from early April tariff fears.
- Consumer confidence hit lowest since May 2020; JOLTS job openings missed estimates.
Cryptocurrency markets displayed notable stability on Tuesday, seemingly unfazed by mounting pessimism regarding the economic impact of the Trump administration’s tariff policies.

Bitcoin edged higher, reclaiming ground above $95,000, while traditional stock markets also continued a recovery trend, prompting some analysts to question whether markets are accurately pricing in underlying economic risks.

Markets march higher despite warning signs

Bitcoin (BTC) continued its recent positive momentum, gaining about 1% over the preceding 24 hours to trade near $95,400.

This move brought the key $96,000 level – last seen in late February – within striking distance.

The broader crypto market showed similar resilience, with the CoinDesk 20 index advancing 1.1%.

Bitcoin Cash (BCH) stood out with a significant 6.3% surge.

Crypto-related equities also participated, albeit modestly, with Coinbase (COIN) up 0.9% and MicroStrategy (MSTR) adding 3.3%, while Janover (JNVR) continued its strong run (+16%) linked to its Solana accumulation strategy.

This relative calm in digital assets mirrored strength in traditional equities.

Both the S&P 500 and the Nasdaq composite posted gains of 0.55%, extending the recovery from the tariff-induced panic seen earlier in April.

Economic data paints sobering picture

However, this market buoyancy unfolded against a backdrop of increasingly concerning economic indicators, suggesting a potential slowdown possibly linked to the White House’s tariff strategies.

The Conference Board reported that US consumer confidence plummeted to its lowest level since May 2020, with the forward-looking consumer outlook component hitting its weakest point since 2011.

Simultaneously, the latest Job Openings and Labor Turnover Survey (JOLTS) indicated a cooling labor market, with job openings falling to 7.19 million in March, significantly below the expected 7.5 million.

Adding to the complex policy environment, Secretary of Commerce Howard Lutnick mentioned Tuesday that a trade deal had been reached with an unspecified country, though he noted it still required ratification, offering little immediate clarity on the broader tariff situation.

Analyst warns of market ‘blindness’ to fundamental risks

This apparent disconnect between market performance and weakening economic data has raised red flags among some observers.

Jeff Park, head of Alpha Strategies at digital asset investment firm Bitwise, expressed strong concern about the market’s perspective.

“Hard to fathom how blind the market really is,” Park posted on the social media platform X (formerly Twitter).

He argued that the market’s intense focus on potential Federal Reserve interest rate cuts misses a larger, more fundamental risk.

“A Fed cut means nothing if US creditworthiness is permanently impaired by the global community as resulted by dollar weaponization,” Park elaborated, linking the potential damage to Trump administration policies that leverage the dollar’s global role.

He suggested that speculation about whether the Fed might be forced to cut rates to offset tariff impacts is misplaced.

“That’s the mispricing we are talking about here,” he continued.

The myopic focus on whether [we] are getting a fed cut in May/June is completely irrelevant if the notion of the risk-free as we know it is fundamentally challenged forever, which means cost of capital globally is going higher.

Park’s comments highlight a deeper concern: that markets might be rallying on short-term hopes (like potential rate cuts) while ignoring potentially severe, longer-term structural damage to the US financial standing and the global cost of capital caused by ongoing policy uncertainty and aggressive trade tactics.

While Bitcoin holds firm near recent highs, the debate continues over whether current market strength reflects genuine resilience or a dangerous disregard for underlying economic headwinds.

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April 30, 2025
Bitcoin rally gains steam above $95K amid Fed pressure, tariff worries
- Bitcoin climbed above $95,490 Monday ahead of Trump’s 100-day speech, eyeing policy clarity.
- Potential confirmation of a US Bitcoin strategic reserve could be a major catalyst towards $100K.
- Bitcoin shows resilience (YTD +5.6%) vs. US stocks (YTD -5%) amid tariff uncertainty, boosting safe-haven appeal.
Bitcoin demonstrated renewed strength on Monday, climbing back above the significant $95,000 mark as the broader financial markets turned their focus towards President Donald Trump’s upcoming 100-day policy review speech.

Amidst a complex macroeconomic backdrop shaped by Trump’s second term policies, on-chain data showing significant Bitcoin withdrawals from exchanges added fuel to bullish sentiment, prompting speculation about a potential push towards the $100,000 milestone.

Anticipation builds ahead of Trump’s 100-day review

After a period of consolidation, Bitcoin prices pushed higher, reaching levels above $95,490 according to CoinGecko data, marking an 0.8% gain over 24 hours and reflecting a robust 8.9% increase week-over-week.

This price action mirrored gains seen in US equity markets, particularly among top technology stocks, as investors awaited clarity from Trump’s address.

Crypto-related policies have been a notable feature of Trump’s second term thus far, and market participants are particularly keen for updates on proposals like the potential creation of a US Bitcoin strategic reserve.

A definitive announcement confirming the strategic reserve initiative could serve as a powerful catalyst, potentially triggering a rapid (“parabolic”) move towards and beyond $100,000.

Conversely, renewed emphasis on aggressive tariff strategies or drastic budget cuts in the speech could dampen overall market sentiment, potentially capping Bitcoin’s near-term upside despite its recent resilience.

Macro crosscurrents: tariffs, inflation, and Fed pressure

The first 100 days of Trump’s term have been marked by distinct policy trends influencing market dynamics.

While US inflation has continued its downward trend (falling from a 9.1% peak in 2022 to 2.4% in March 2025, per TradingEconomics), Trump’s continued advocacy for tariffs – measures widely warned by economists as potentially inflationary – creates tension.

The President has claimed victory over inflation while simultaneously pushing for policies that could reignite price pressures.

This backdrop informs Trump’s recently intensified calls for the Federal Reserve to cut interest rates, including public pressure and threats aimed at replacing Fed Chair Jerome Powell.

While these pronouncements have sparked market speculation, data from the CME FedWatch tool still indicates a dominant (90.1%) probability that the Fed will maintain current rates at its upcoming May 7 FOMC meeting.

However, the administration’s focus on tariffs (“impose across-the-board tariffs on most foreign-made goods”) continues to inject uncertainty into US stock markets.

This uncertainty appears to be bolstering Bitcoin’s narrative as a potential safe-haven asset, relatively insulated from direct geopolitical trade spats and supply chain disruptions.

Notably, Bitcoin has posted year-to-date gains of 5.6%, contrasting with declines seen in the S&P 500 and Dow Jones indices (down 5% YTD) during the same period.

Should Trump’s policies continue to foster volatility in traditional financial (TradFi) markets, Bitcoin’s perceived resilience could attract further capital inflows.

On-chain flows signal accumulation?

Adding weight to the bullish case is compelling on-chain data indicating significant Bitcoin movement off cryptocurrency exchanges.

Analysis from CryptoQuant reveals that investors have withdrawn over $4 billion worth of Bitcoin from tracked exchange wallets since Trump’s recent calls for rate cuts began around April 22.

Total exchange reserve balances reportedly fell from $237.8 billion to $233.8 billion during this period.

This trend of coins leaving exchanges is often interpreted bullishly, as it suggests investors are moving Bitcoin into private storage (“cold wallets”) for longer-term holding rather than keeping it readily available for sale on trading platforms.

This reduction in easily accessible supply, coupled with potentially steady or increasing demand triggers (like the safe-haven narrative or strategic reserve news), strengthens the argument for a potential price breakout.

Bitcoin tests $95K resistance, eyes $100K breakout

With demand factors seemingly active and exchange supply tightening, the technical picture comes into sharp focus. Bitcoin is currently testing the significant resistance zone around 95,000−95,500.

Successfully overcoming and holding above this level is seen as crucial for confirming the next leg higher.

The $100,000 psychological milestone remains the key upside target in the near term, with the confluence of macro uncertainty, potential policy catalysts from Trump’s speech, and supportive on-chain data suggesting the stage could be set for such a move.

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April 29, 2025
Bitcoin tests key levels near $95K as regulatory tailwinds emerge
- Bitcoin holds steady above $93,000, showing resilience after earlier correction.
- US Spot Bitcoin ETFs saw massive $1.2B+ weekly inflow (“Pac-Man mode”), signaling strong institutional demand.
- US Federal Reserve joined OCC/FDIC in withdrawing previous restrictive crypto guidance for banks.
Bitcoin continues to demonstrate significant resilience, maintaining levels above the crucial $93,000 mark after weathering a notable correction earlier this year.

This stability is underpinned by a confluence of factors, including surging institutional interest evidenced by record ETF inflows, increasingly bullish long-term price predictions, and a potentially easing regulatory landscape.

A primary driver of the recent strength has been the remarkable influx of capital into US-listed spot Bitcoin exchange-traded funds (ETFs).

These investment vehicles experienced substantial demand this week, attracting nearly $1.3 billion in net inflows, according to data from SoSoValue.

Tuesday alone saw inflows nearing the $1 billion mark, representing the strongest single day since mid-January.

This brings the total assets under management across these spot Bitcoin ETFs to an impressive $103 billion.

BlackRock’s iShares Bitcoin Trust (IBIT) continues to lead the pack, accumulating $2.7 billion year-to-date, including $346 million just last week.

Observing the broad participation across ten of the eleven available funds, Bloomberg senior ETF analyst Eric Balchunas described the activity vividly, stating the ETFs had entered “Pac-Man mode.”

This widespread buying across multiple providers, rather than concentration in just one or two, suggests a broadening base of institutional conviction.

The total value traded across all spot Bitcoin ETFs reached $496 million, reflecting significant market activity.

Lofty projections: ARK Invest eyes $2.4 million bitcoin

Fueling longer-term optimism, prominent investment firm ARK Invest recently made headlines by significantly raising its 2030 price targets for Bitcoin.

Citing institutional investment as a primary catalyst, ARK lifted its “bull case” scenario from $1.5 million to a striking $2.4 million per Bitcoin by the decade’s end.

The firm also increased its “base” case to $1.2 million and its “bear” case to $500,000.

ARK research analyst David Puell explained the rationale, estimating Bitcoin could achieve a 6.5% penetration rate within the massive $200 trillion global financial system in their most optimistic scenario.

Furthermore, the firm’s model incorporates Bitcoin’s growing acceptance as “digital gold,” projecting it could capture up to 60% of gold’s approximately $18 trillion market capitalization.

Technical picture: holding support, eyeing breakout

From a technical analysis perspective, maintaining current levels is seen as critical.

Analysts emphasize the importance of Bitcoin holding support above the $93,500 zone to avoid potential downward pressure.

Crypto analyst Rekt Capital suggested BTC needs to consolidate above this level, ideally securing a weekly close above it, to “resynchronize with the former Reaccumulation range.”

Bitcoin has demonstrated its ability to trade above this mark this week, potentially reflecting its appeal as a safe haven amid ongoing geopolitical and trade uncertainties.

Sustaining this support could pave the way for a retest of the $100,000 barrier and potentially new all-time highs, according to expert consensus.

Further technical indicators point towards underlying market strength.

The amount of Bitcoin supply held in profit has reportedly surpassed the 16.7 million BTC “threshold of optimism.”

Historical analysis suggests that when Bitcoin consistently holds above this zone (as seen in 2016, 2020, and 2024), significant price appreciation often follows within months.

Traders like CrediBULL Crypto are looking for “one more leg on the lower timeframes” to confirm the breakout, suggesting momentum could potentially carry prices towards the $150,000 region if sustained.

Regulatory winds shifting? Fed withdraws guidance

Adding a potential tailwind, US banking regulators, including the Federal Reserve, recently took steps to withdraw previous crypto-specific guidance issued to banks in 2022 and 2023.

These earlier notices had often required pre-approvals for banks engaging in crypto activities and highlighted perceived risks.

By joining the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) in rescinding this guidance, the Fed stated the move aims to ensure its “expectations remain aligned with evolving risks and further support innovation in the banking system.”

While not creating new rules, this withdrawal effectively places decisions on crypto engagement more firmly in the hands of bank managers and compliance teams, pending potential future legislation from Congress.

Fed officials noted they “will instead monitor banks’ crypto-asset activities through the normal supervisory process,” potentially signaling a less prescriptive regulatory posture from these key agencies.

The combination of strong institutional inflows, ambitious long-term outlooks, supportive technicals, and a potentially less restrictive regulatory environment paints a compelling picture for Bitcoin as it holds key levels and eyes its next potential move higher.

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April 25, 2025