Chainlink (LINK) Tumbles 6.2%—Dragging CoinDesk 20 Into the Red as Crypto Markets Stutter

BTCC / BTCC Square / Coindesk /

Author:

Release Time:

2025-06-12 13:15:09

Another rough day for oracle tokens—Chainlink leads the downturn with a 6.2% drop, pulling the CoinDesk 20 index lower. No surprises here: when LINK catches a cold, the whole crypto sector sneezes.

Blood in the water? Not quite. But traders are watching closely—another leg down could trigger stop-loss carnage. Meanwhile, ''hodlers'' cling to the narrative like Wall Street clings to outdated valuation models.

Pro tip: When the ''smart money'' starts panic-selling oracle networks, maybe—just maybe—it''s time to check if your portfolio''s actually decentralized. Or if you''re just playing musical chairs with VCs.

Leaders: BCH (-1.5%) and BTC (-1.5%).

Laggards: LINK (-6.2%) and NEAR (-5.9%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

By:

Log in to Reply

Strategy Disrupts Nasdaq Again: STRD Becomes Third Bitcoin-Backed Preferred Stock to Launch

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.