Chainlink Plummets Then Rebounds: Volatile Trading Session Leaves Market Uncertain

Chainlink (LINK) experienced a dramatic price swing this week, plummeting from around $21 to nearly $12 within minutes before swiftly rebounding. The cryptocurrency’s value on CoinMarketCap fell 21.8% to $11.55 billion as trading volume surged by 164% to $2.29 billion. This extreme volatility was largely triggered by cascading liquidations and overleveraged long positions, leading to a brief dip to $12 – its lowest point in months.