Chainlink (LINK) Is Breaking Out, Bitcoin (BTC) Sluggish at $63K: Weekend Watch

Bitcoin’s week-long correction drove the asset to a new local low of $62,500, where it finally found some support and now sits at around $63,000.

Most larger-cap alts have experienced little to no volatility on a 24-hour scale, aside from LINK and WLFI, both of which are up by over 5%.

BTC Calms at $63K After a very stagnant previous weekend, bitcoin tried to break out on Monday morning, but it was immediately halted at $65,400. This was the second rejection at that level in the past three days.

However, this one was more violent as BTC dipped to $62,800 within hours. It tried to bounce off twice, but it was stopped at $64,400. Each subsequent leg down was more painful than the previous.