{"id":213496,"date":"2026-08-15T10:20:22","date_gmt":"2026-08-15T10:20:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=213496"},"modified":"2026-08-15T10:20:22","modified_gmt":"2026-08-15T10:20:22","slug":"chainlink-link-is-breaking-out-bitcoin-btc-sluggish-at-63k-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=213496","title":{"rendered":"Chainlink (LINK) Is Breaking Out, Bitcoin (BTC) Sluggish at $63K: Weekend Watch"},"content":{"rendered":"

Bitcoin\u2019s 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.<\/p>\n

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%.<\/p>\n

BTC Calms at $63K<\/h2>\n

After a very stagnant previous weekend, bitcoin tried to break out<\/a> 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.<\/p>\n

It tried to bounce off twice, but it was stopped at $64,400. Each subsequent leg down was more painful than the previous. The bears took complete control of the market by mid-week, and the selling pressure intensified in the following days. The culmination took place on Friday when BTC slumped<\/a> to $62,500 for the first time in 10-11 days.<\/p>\n

It finally bounced off in the following hour, but it was stopped at $63,200 and now struggles at $63,000. Its market capitalization has stalled at $1.260 trillion on CG, while its dominance over the alts, which peaked at 57.3% earlier this week, is now down to under 57%.<\/p>\n

<\/a>BTCUSD August 15. Source: TradingView<\/p>\n

LINK Tries to Break Out<\/h2>\n

Analysts have been quite optimistic<\/a> about LINK\u2019s future lately, often predicting massive rallies. The first breakout attempt has taken place as the asset is up by over 5% daily and has reclaimed the $9 support. WLFI is the only other notable gainer from the larger caps, while UNI has dumped by 5%.<\/p>\n

In contrast, XRP, SOL, TRX, HYPE, and RAIN are slightly in the red, while ETH, BNB, and DOGE have marked insignificant gains.<\/p>\n

VELVET has entered the top 100 alts. It has soared by 25% daily and by roughly 150% in the past week. ETHFI follows suit, surging by 12% daily. OKB completes the top 3 price gainer club with a 6.5% jump.<\/p>\n

The total crypto market cap is down to under $2.230 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview August 15. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Chainlink (LINK) Is Breaking Out, Bitcoin (BTC) Sluggish at $63K: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s 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 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-213496","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/213496"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=213496"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/213496\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=213496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=213496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=213496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}