Crypto Market Review: Bitcoin Dips, Chainlink Rises Amid Market Volatility

Bitcoin has lost 3% of its value over the past week, trading at $62,970. Ethereum also declined by 2.1%, while Chainlink bucked the trend and rose by 13.6%. The total market value stands at $2.25 trillion, down 0.06% in a day on $29.91 billion of trading.

The decline in Bitcoin's price has dragged the entire crypto market down with it, as it holds 56.14% of all crypto value. This makes small entries seem more interesting to investors looking for opportunities. Tron also held up quietly, rising by 0.6% on the week at $0.3316.

One name that stood out in this market is Chainlink, which rose 13.6% over seven days and 1.1% on the day to $9.35. Its record of $52.70 dates from May 2021. Oracles feed outside information into contracts, which is dull work but steady demand.

For those looking for a good crypto to buy now, size and real use are key factors. Bitcoin and Ethereum sit well below their records, with Bitcoin at 50.1% below its peak of $126,080 and Ethereum at 62.0% below its record of $4,946.05.