Chainlink Breaks Below $14.50 Amid Broader Selloff; Reserve Adds 74K LINK Despite Losses

Overview

Chainlink has experienced a significant decline, breaking below the $14.50 mark amid a broader market selloff. This downturn occurred despite notable institutional developments, and trading volume surged during this period.

What Happened

Chainlink’s price fell sharply, moving below the $14.50 threshold. This technical breakdown is noteworthy as it occurred alongside a wider selloff in the cryptocurrency market. Despite the negative price action, there were positive developments on the institutional front, indicating ongoing interest in Chainlink from larger investors.

The increased trading volume during this selloff suggests heightened activity and possibly greater market participation, reflecting a mix of investor sentiment amidst the turmoil.

Impact on the crypto market

• Chainlink’s price drop indicates vulnerability within the market, highlighting potential bearish sentiment among traders.
• The surge in trading volume suggests that the selloff attracted more participants, which may lead to increased volatility.
• Positive institutional developments could provide a counterbalance to the negative price movements, indicating long-term interest.
• The broader market trends may influence other cryptocurrencies, as correlations often exist among digital assets during selloffs.
• The combination of technical breakdowns and institutional actions may create a complex environment for future price movements in Chainlink and the wider crypto market.

Updated: 11/13/2025, 7:20:35 PM