Cryptocurrency Market Forecast: Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) Price Analysis - US Market Wrap - April 16, 2025

As of April 16, 2025, the cryptocurrency market continues to exhibit dynamic movements, with Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) showing varying trends. Bitcoin remains the dominant force, with analysts closely monitoring key resistance levels that could signal a push toward new all-time highs (ATH). Ethereum’s price action reflects ongoing developments in its ecosystem, including upgrades and DeFi integrations. Meanwhile, Chainlink’s oracle network continues to play a pivotal role in the blockchain space, influencing its market valuation. Traders and investors are advised to stay informed about macroeconomic factors and regulatory updates, such as those from the Financial Services Authority (FSA), which may impact market sentiment. This wrap-up provides a detailed technical and fundamental analysis to guide decision-making in the volatile crypto landscape.

Crypto Today: Metaplanet raises $10M to buy BTC, ETH price moves below $1,600 as Tron gains signals panic

The cryptocurrency aggregate market capitalization stabilized around $2.7 trillion on Wednesday, with Bitcoin’s $84,000 support momentarily anchoring the market against external bearish discourses.

Chainlink active addresses drop as whale selling spikes, could LINK crash below $10?

Chainlink (LINK) has seen a lackluster downward trend in its performance since reaching a peak of $30.86 in December. Despite targeted attempts from bulls to change course, recovery for the Oracle network token remains elusive, with LINK sliding by 0.74% on the day to trade at $12.15 at the time of writing on Wednesday. These rampant downside risks can be attributed to weak fundamentals observed from several metrics, including network and whale activity.

Bitcoin (BTC) is stabilizing around $83,500 at the time of writing on Wednesday after facing multiple rejections around the 200-day Exponential Moving Average (EMA) at $85,000 since Saturday. A breakout of this strong level would indicate a bullish trend ahead. In the meantime, according to Bloomberg, China is open to trade talks with US President Trump’s administration, signaling reduced trade war tensions, which could boost risk-on sentiment in the short term and benefit risky assets like Bitcoin.