Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
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
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
VivoPower Ripple deal opens South Korean investor access to $300 million in Ripple Labs shares
VivoPower Ripple pivot in XRP assets; Lean Ventures funds a $300 million Ripple Labs stake for Korean investors, described vivopower ripple.
Share
The Cryptonomist2025/12/13 00:18
Will XRP Price Increase In September 2025?
Ripple XRP is a cryptocurrency that primarily focuses on building a decentralised payments network to facilitate low-cost and cross-border transactions. It’s a native digital currency of the Ripple network, which works as a blockchain called the XRP Ledger (XRPL). It utilised a shared, distributed ledger to track account balances and transactions. What Do XRP Charts Reveal? […]
Share
Tronweekly2025/09/18 00:00
VanEck Targets Stablecoins & Next-Gen ICOs
The post VanEck Targets Stablecoins & Next-Gen ICOs appeared on BitcoinEthereumNews.com. Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee because the firms shaping crypto’s future are not just building products, but also trying to reshape how capital flows. Crypto News of the Day: VanEck Maps Next Frontier of Crypto Venture Investing VanEck, a Wall Street player known for financial “firsts,” is pushing that legacy into Web3. The firsts include pioneering US gold funds and launching one of the earliest spot Bitcoin ETFs. Sponsored Sponsored “Financial instruments have always been a kind of tokenization. From seashells to traveler’s checks, from relational databases to today’s on-chain assets. You could even joke that VanEck’s first gold mutual funds were the original ‘tokenized gold,’” Juan C. Lopez, General Partner at VanEck Ventures, told BeInCrypto. That same instinct drives the firm’s venture bets. Lopez said VanEck goes beyond writing checks and brings the full weight of the firm. This extends from regulatory proximity to product experiments to founders building the next phase of crypto infrastructure. Asked about key investment priorities, Lopez highlighted stablecoins. “We care deeply about three questions: How do we accelerate stablecoin ubiquity? What will users want to do with them once highly distributed? And what net new assets can we construct now that we have sophisticated market infrastructure?” Lopez added. However, VanEck is not limiting itself to the hottest narrative, acknowledging that decentralized finance (DeFi) is having a renaissance. The VanEck executive also noted that success will depend on new approaches to identity and programmable compliance layered on public blockchains. Backing Legion With A New Model for ICOs Sponsored Sponsored That compliance-first angle explains VanEck Ventures’ recent co-lead of Legion’s $5 million seed round alongside Brevan Howard. Legion aims to reinvent token fundraising by making early-stage access…
Share
BitcoinEthereumNews2025/09/18 03:52