Bitcoin is closing in on the $27k mark as the bulls continue to remain in control of the market.
Chainlink has outperformed the broader market after adding more than 6% to its value over the weekend.
Bitcoin Eyes The $27k Level
The cryptocurrency market has been in a bullish mode over the past few days. Bitcoin, the world’s leading cryptocurrency by market cap, is up by nearly 1% over the last 24 hours and is now trading at $26,716 per coin.
There is no catalyst behind this ongoing positive performance. Over the last seven days, Bitcoin has added more than 3% to its value. If the bullish momentum is maintained, Bitcoin could be heading towards the $27k level over the next few hours.
Bitcoin’s positive performance has also seen some altcoins rally higher. LINK, the native coin of the Chainlink ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap. LINK has added more than 5% to its value over the last 24 hours and is now trading at $6.56 per coin.
LINK’s rally comes after Sushiswap integrated the Chainlink CCIP service into its platform. The total cryptocurrency market cap is also up by less than 1% and now stands at $1.06 trillion.