Chainlink price drops 4% as Bitcoin slips toward $90K; check price outlook

Chainlink price is down nearly 4% in the past 24 hours as top cryptocurrencies battle downside pressure – Bitcoin dropped to near $90,000 and Ethereum to $3,000.

But while the native token of the leading decentralized oracle network mirrors the broader sell-off around $12.30, the project continues to attract attention as it solidifies its position at the forefront of blockchain innovation with further expansion in the tokenized real-world assets market.

This includes an announcement on Tuesday that Chainlink is bringing the $80 trillion US stock market onchain via a new solution.

Chainlink brings stock and ETF data to 40 blockchains

Chainlink has launched 24/5 U.S. Equities Streams, a solution that expands on the oracle network’s Data Streams and seeks to bring continuous US stock and ETF data to over 40 blockchains.

DeFi protocols can tap into the offering for comprehensive real-time data covering pre-market, regular hours, after-hours, and overnight trading sessions.

Notably, Chainlink seeks to bridge the over $80 trillion US stock market to blockchain ecosystems, unlocking unprecedented liquidity and composability for decentralized applications.

“The launch of 24/5 US Equities Streams marks another milestone in Chainlink’s ongoing mission to solve the hardest onchain data problems and unlock robust, real-world financial markets onchain,” the team wrote in a blog post.

Coming onchain across more than 40 blockchains are stocks, tokenized equities, funds, and commodities, all set to benefit from features such as Cross-Chain Interoperability Protocol (CCIP) and Runtime Environment (CRE).

​The network’s oracle infrastructure powers platforms like Aave, Synthetix, and Polymarket.

​What does Chainlink’s traction mean for LINK price?

Key to the Chainlink Endgame is the integration of real-world value into the market, and the tokenized asset economy offers that footprint.

Chainlink’s integration with the US government and recent move by the NYSE to launch a 24/7 trading platform with fractional orders stand out in the RWA and tokenized data adoption space.

NYSE has eyes on Chainlink as a potential infrastructure provider, highlighting the likely spike in adoption.

Analysts say Chainlink’s expanding utility could correlate with upward pressure on LINK’s price, as increased oracle demand drives token usage for staking, payments, and network security.

Recent recoveries from around $10 to highs of $26 reflected this overall confidence in LINK.

LINK price on the weekly chart paints an inverse head and shoulders pattern, which hints at a potential downside continuation.

As a result, prices may fall to the support zones at $10 or lower amid downward pressure on altcoins.

The token reached highs of $32 in December 2024 and before that, peaked at near $53 in 2021.

Bulls have struggled to hit these levels in the current cycle. However, bullish catalysts such as RWA growth, TradFi adoption, and regulatory clarity point to potential price gains.

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