Cryptocurrency Chainlink Falls More Than 4% In 24 hours

Over the past 24 hours, Chainlink's LINK/USD price has fallen 4.45% to $7.05. This continues its negative trend over the past week where it has experienced a 0.0% loss, moving from $7.08 to its current price.

The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 31.0% over the past week, while the overall circulating supply of the coin has increased 0.06% to over 491.60 million. This puts its current circulating supply at an estimated 49.16% of its max supply, which is 1.00 billion. The current market cap ranking for LINK is #23 at $3.46 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.