Chainlink Soars 6% as Bitcoin and Ethereum Tread Water; LINK Hits $11 with New Protocol

Chainlink's token LINK jumped 6% while Bitcoin and Ethereum prices held steady.

LINK is trading around $11, giving Chainlink a market cap of $6.1 billion, after debuting cross-chain interoperability protocol.

Bitcoin traded around $33,600, down 1.5% in the past day but up 14% in the past week amid hype for a spot BTC ETF.

Ethereum hovered around $1,750, down 1.6% over 24 hours. Goldman Sachs analysts are optimistic about the Dencon upgrade.

Layer-2 rollups like Optimism and Arbitrum can help improve Ethereum's scalability by batching transactions off-chain.