Cryptocurrencies Price Prediction: Bitcoin, Chainlink & Crypto – European Wrap 6 March

Bitcoin vs Gold: Is digital Gold replacing the actual precious metal in 2025?

The short answer is no, well, not yet, at least. There’s little to no chance that Bitcoin will fully replace gold in 2025. But the fact is that the crypto king is gaining ground, challenging gold’s dominance. Yet, gold’s historical reliability and bitcoin’s volatility keep this debate alive.

Chainlink Price Forecast: LINK bulls target a 30% upside as key support holds strong

Chainlink (LINK) extends its gains by more than 4% on Thursday, trading around $17.22 after rallying nearly 13% in the last two days. On-chain data suggest a rally ahead as LINK’s long-to-short ratio reaches its highest monthly level and its funding rates are positive. The technical outlook suggests a rally continuation, targeting 30% additional gains ahead.

Crypto recovers, but the rally lacks excitement

Crypto market capitalisation returned to the $3 trillion area towards the end of the week ahead of the first crypto summit in the Oval Office. In the short term, buyers on downturns were strong enough to buy back two powerful selloffs. However, an important test of the previous support level at $3.15 trillion is ahead.