Standard Chartered · Strategy · Bitcoin · Bitcoin.com News
Crypto Weekly: LINK and WLFI Post Double-Digit Gains Amid Market Drop
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
During the past week, bitcoin tumbled from over $65,000 to close above $63,200, an approximately 3.2% weekly loss and briefly hit a low below $62,500 on Aug. 14.
Key facts
- Chainlink (LINK) led the charge with a 13% surge, energized by a bullish Standard Chartered forecast projecting the token to hit $200 by late 2030
- Bitcoin, which had posted gains exceeding 3%, led the market lower after it tumbled from over $65,000, closing above $63,200
- Bitcoin fell below $64,000 on Aug. 10 after briefly reaching an intraday high of $65,416
- Meanwhile, mid-cap and utility tokens notched double-digit expansions of their own, headed by World Liberty Financial (WLFI) with a 15% rally, alongside Worldcoin (WLD) and OKB, which posted gains
Summary
Strategy offloaded 1,690 bitcoins causing BTC to slide below $63,000. Altcoins extended losses as ADA plunged 10.6% and XRP dipped below $1, risking a drop toward $0.95. LINK surged 13% after Standard Chartered forecasted the token would reach $200 by late 2030. After finishing the first week of August with modest gains, the cryptocurrency market ended the second week in the red.