Crypto Market Slips 1.9%, Chainlink Shows Resilience Amid Price Drop

The total crypto market cap fell to $2.61 trillion after dropping 1.91% in value.

This decline was led by Bitcoin, which lost 2.1% of its value and marked a 5.4% weekly loss after failing to reach the key level of $81.3K.

Despite this downturn, Chainlink showed signs of strong accumulation as its exchange reserves hit a four-year low, indicating investor confidence in the asset.

The increased trading volume and active addresses suggest sustained market interest, supporting a long-term bullish outlook despite potential short-term pullbacks to $10.35 or $8.44.