Chainlink’s LINK Surges 13% as Mastercard Partnership Fuels Rally Amid Crypto Recovery

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By CD Analytics, Krisztian Sandor|Edited by Stephen Alpher

Updated Jun 24, 2025, 7:12 p.m. Published Jun 24, 2025, 6:55 p.m.

LINK price on June 24 (CoinDesk)
  • Chainlink’s token LINK surged 13% to $13.51, outperforming the broader crypto market.
  • The outperformance comes as Chainlink announced a partnership with Mastercard, allowing 3 billion cardholders to buy cryptocurrencies on-chain.
  • Easing tensions in the Middle East already contributed to a broad crypto market recovery, with bitcoin rising to $106,000.

Interoperability platform and oracle provider Chainlink’s native token

LINK$13.38

demonstrated remarkable strength on Tuesday, climbing more than 13% over 24 hours to a $13.51 high.

Easing tensions in the Middle East with a ceasefire between Israel and Iran already spurred a broad crypto market recovery, with 98 of the top 100 tokens posting gains and bitcoin

BTC$106,085.70

rebounding to $106,000.

STORY CONTINUES BELOW

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Still, LINK vastly outperformed bitcoin’s 2.8% and the broad-market benchmark CoinDesk 20 Index’s 5% advances.

The token’s bullish action comes as Chainlink announced earlier during the day a partnership with global payments operator Mastercard to enable over 3 billion card holders to purchase cryptocurrencies directly on-chain.

Read more: Chainlink, Mastercard Tie-Up to Let Nearly 3B Cardholders Buy Crypto On-Chain

  • LINK formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $12.50 on substantial volume.
  • Strong support established at $12.85-$13.00, confirmed by multiple tests with above-average volume.
  • Momentum indicators suggest continued bullish sentiment with potential for further upside.
  • Traders should monitor the $13.30-$13.35 resistance zone where recent profit-taking occurred.

CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.

Picture of CoinDesk author CD Analytics

Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.

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