Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Chainlink's LINK Drops 5% Despite Coinbase B Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Chainlink's LINK Drops 5% Despite Coinbase B

Chainlink's LINK Drops 5% Despite Coinbase Bridge Deal, But Bottoming Signs Emerge

2025/12/12 04:21
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

Chainlink's LINK Drops 5% Despite Coinbase Bridge Deal, But Bottoming Signs Emerge

Coinbase tapped Chainlink services for $7 billion bridge, but broader crypto weakness weighed on price.

By CD Analytics, Krisztian Sandor|Edited by Nikhilesh De
Dec 11, 2025, 8:21 p.m.
"LINK climbs 2.4% to $13.74 as Coinbase adopts CCIP for $7B bridge, signaling selective institutional interest."

What to know:

  • LINK declined 5% over the past 24 hours amid broader market weakness
  • Trading volume surged 20% above weekly average, with institutional activity emerging near session lows.
  • On the news front, Coinbase named Chainlink CCIP as its interoperability provider for a new $7 billion wrapped asset bridge and digital asset treasury firm Caliber started staking its holdings for yield.

Chainlink’s LINK token fell nearly 5% over the past 24 hours to $13.74 on Thursday, reversing early gains despite a major announcement from Coinbase.

Earlier in the day, Coinbase revealed it had selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power a new bridge connecting its $7 billion in wrapped assets, including cbETH, cbBTC and cbDOGE. The move marked a major institutional endorsement of Chainlink’s cross-chain infrastructure and positioning within the tokenization space.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

In other news, Nasdaq-listed digital asset treasury firm Caliber (CWD) said it has started staking its LINK holdings for yield, starting with a 75,000 token deployment.

Despite the headlines, broader market conditions dampened sentiment. Weak altcoin momentum and renewed concerns around the Federal Reserve’s rate outlook contributed to LINK’s drop from Wednesday's high of $14.46 to a Thursday low of $13.43.

Still, bottoming signals began to form late in the session. Trading volume surged 20.4% above the 7-day average, with a burst of over 340,000 LINK exchanged between 18:42 and 18:45 UTC, CoinDesk data showed.

Accumulation patterns emerged just above key support at $13.46, suggesting institutional positioning amid broader weakness, CoinDesk Research's technical analysis tool noted.

Key Technical Levels Signal Stabilization

Support/Resistance:

  • Primary support: $13.46 (session low)
  • Resistance: $14.88 (recent rejection zone)
  • Psychological resistance: $14.00

Volume Analysis:

  • Late-session spike of 340K tokens (2,000%+ above session average) confirmed renewed buying interest
  • Overall daily volume rose 20.4% above weekly average

Chart Patterns:

  • Consolidation between $13.43–$13.67 after early selloff
  • Final-hour breakout to $13.76 suggests possible short-term bottoming

Targets & Risk/Reward:

  • Break above $14.00 could target $14.38 and $14.88
  • Failure to hold $13.46 risks retrace toward $13.20

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

AI Market InsightsChainlink

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

Robinhood Stock Slides 8% After Big Decline in November Trading Volumes

Slumps across equity, options and crypto trading in November raised concerns that retail investor momentum may be fading.

What to know:

  • Robinhood reported a sharp drop in trading volumes across equities, options and crypto in November.
  • The company's total platform assets also fell 5% month-over-month to $325 billion.
  • The slowdown in trading activity raised investor concerns that retail engagement may be fading heading into year-end.
Read full story
Latest Crypto News

U.S. CFTC's Pham Moves for Do-Over on 'Actual Delivery' Guidance on Crypto

Coinbase Expands Reach of Stablecoin-Based AI Agent Payments Tool

Do Kwon’s Sentencing Hearing Drags on as Court Weighs Mountain of Victim Testimony

U.S. Senate Rolls Toward Last Vote on Confirming Crypto Regulators at CFTC, FDIC

JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana

Binance Overhauls Stablecoin Trading with Trump-Linked USD1

Top Stories

U.S. CFTC's Pham Moves for Do-Over on 'Actual Delivery' Guidance on Crypto

Binance Overhauls Stablecoin Trading with Trump-Linked USD1

Do Kwon’s Sentencing Hearing Drags on as Court Weighs Mountain of Victim Testimony

Bitcoin Stumbles Back Below $90K as Dollar Sinks to 7-Week Low After Fed Rate Cut

Crypto Trading Volumes Deteriorated Across Board Last Month as Market Slumped: JPMorgan

Crypto Investment Firm Blockstream to Acquire TradFi Hedge Fund Corbiere Capital

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

The post How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings appeared on BitcoinEthereumNews.com. contributor Posted: September 17, 2025 As digital assets continue to reshape global finance, cloud mining has become one of the most effective ways for investors to generate stable passive income. Addressing the growing demand for simplicity, security, and profitability, IeByte has officially upgraded its fully automated cloud mining platform, empowering both beginners and experienced investors to earn Bitcoin, Dogecoin, and other mainstream cryptocurrencies without the need for hardware or technical expertise. Why cloud mining in 2025? Traditional crypto mining requires expensive hardware, high electricity costs, and constant maintenance. In 2025, with blockchain networks becoming more competitive, these barriers have grown even higher. Cloud mining solves this by allowing users to lease professional mining power remotely, eliminating the upfront costs and complexity. IeByte stands at the forefront of this transformation, offering investors a transparent and seamless path to daily earnings. IeByte’s upgraded auto-cloud mining platform With its latest upgrade, IeByte introduces: Full Automation: Mining contracts can be activated in just one click, with all processes handled by IeByte’s servers. Enhanced Security: Bank-grade encryption, cold wallets, and real-time monitoring protect every transaction. Scalable Options: From starter packages to high-level investment contracts, investors can choose the plan that matches their goals. Global Reach: Already trusted by users in over 100 countries. Mining contracts for 2025 IeByte offers a wide range of contracts tailored for every investor level. From entry-level plans with daily returns to premium high-yield packages, the platform ensures maximum accessibility. Contract Type Duration Price Daily Reward Total Earnings (Principal + Profit) Starter Contract 1 Day $200 $6 $200 + $6 + $10 bonus Bronze Basic Contract 2 Days $500 $13.5 $500 + $27 Bronze Basic Contract 3 Days $1,200 $36 $1,200 + $108 Silver Advanced Contract 1 Day $5,000 $175 $5,000 + $175 Silver Advanced Contract 2 Days $8,000 $320 $8,000 + $640 Silver…
Share
BitcoinEthereumNews2025/09/17 23:48
Hong Kong Backs Commercial Bank Tokenized Deposits in 2025

Hong Kong Backs Commercial Bank Tokenized Deposits in 2025

The post Hong Kong Backs Commercial Bank Tokenized Deposits in 2025 appeared on BitcoinEthereumNews.com. HKMA to support tokenized deposits and regular issuance of digital bonds. SFC drafting licensing framework for trading, custody, and stablecoin issuers. New rules will cover stablecoin issuers, digital asset trading, and custody services. Hong Kong is stepping up its digital finance ambitions with a policy blueprint that places tokenization at the core of banking innovation.  In the 2025 Policy Address, Chief Executive John Lee outlined measures that will see the Hong Kong Monetary Authority (HKMA) encourage commercial banks to roll out tokenized deposits and expand the city’s live tokenized-asset transactions. Hong Kong’s Project Ensemble to Drive Tokenized Deposits Lee confirmed that the HKMA will “continue to take forward Project Ensemble, including encouraging commercial banks to introduce tokenised deposits, and promoting live transactions of tokenised assets, such as the settlement of tokenised money market funds with tokenised deposits.” The initiative aims to embed tokenized deposits, bank liabilities represented as blockchain-based tokens, into mainstream financial operations. These deposits could facilitate the settlement of money-market funds and other financial instruments more quickly and efficiently. To ensure a controlled rollout, the HKMA will utilize its regulatory sandbox to enable banks to test tokenized products while enhancing risk management. Tokenized Bonds to Become a Regular Feature Beyond deposits, the government intends to make tokenized bond issuance a permanent element of Hong Kong’s financial markets. After successful pilots, including green bonds, the HKMA will help regularize the issuance process to build deep and liquid markets for digital bonds accessible to both local and international investors. Related: Beijing Blocks State-Owned Firms From Stablecoin Businesses in Hong Kong Hong Kong’s Global Financial Role The policy address also set out a comprehensive regulatory framework for digital assets. Hong Kong is implementing a regime for stablecoin issuers and drafting licensing rules for digital asset trading and custody services. The Securities…
Share
BitcoinEthereumNews2025/09/18 07:10