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LINK Rallies Higher as Bitcoin’s Sideways Trading Action Continues

Twitter icon  •  Published il y a 3 mois  •  Hassan Maishera

LINK is the best performer amongst the top 20 cryptocurrencies by market cap, adding more than 6% to its value as Bitcoin and the others underperform.

TL;DR

  • Bitcoin has been trading between the $42k and $43k regions in recent days.

  • LINK is outperforming the other major cryptocurrencies, up by 6% in the last 24 hours.

LINK Adds 6% to its Value as Market Performance Stagnates

LINK, the native coin of the Chainlink ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap over the last 24 hours. The coin had added more than 6% to its value in the last 24 hours and is now trading at $15.88 per coin.

The rally comes after Chainlink announced a crucial partnership with USDC’s issuer, Circle. The partnership saw the Chainlink Cross-Chain Interoperability Protocol (CCIP) integrate with Circle's Cross-Chain Transfer Protocol (CCTP) to provide users with a secure and reliable way to transfer USDC across chains.

With LINK rallying, Bitcoin and other major cryptocurrencies continue to trade sideways. Bitcoin has been trading between the $42k and $43k regions over the last couple of days.

At press time, the price of Bitcoin stands at $42,778, up by 0.4% in the last 24 hours. The total cryptocurrency market cap also stagnated at $1.68 trillion, adding less than 1% to its value so far today.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.