Overview
- LINK surged about 14% to $9.35, its highest level since early February, lifting market capitalization above $6.6 billion.
- The move came during a broader crypto upswing, with Bitcoin nearing $67,000 and total market value rising more than 5%.
- Data cited from SoSoValue shows spot LINK ETFs took in over $10 million this month, bringing cumulative assets above $85 million.
- Chainlink announced an integration with the Canton Network that uses Data Streams, SmartData, Proof of Reserve, and CCIP for institutional tokenization use cases.
- Despite the rebound, charts show price below key moving averages, and analysts say a decisive break and hold above $10 is needed to avoid a bull-trap reversal.