Chainlink Price Rises 4% to $25 After US Government Data Partnership
Chainlink (LINK) price increased by 4% on August 28, 2025, surpassing $25, the highest since January. This rise occurred despite bearish trends in the broader crypto market, where Bitcoin fell below $110,000.
- LINK reached an intraday high of $25.50 and erased seven-day losses due to new ecosystem announcements.
- Bitwise filed for a spot LINK ETF, boosting market interest.
- The US Department of Commerce confirmed it will publish macroeconomic data on-chain using Chainlink and Pyth Network.
- The Bureau of Economic Analysis will release key indicators directly across blockchain ecosystems.
- Commerce Secretary Howard Lutnick highlighted this as a step toward transparency and innovation.
- Chainlink's integration aims to enhance automated trading strategies and DeFi risk management.
After hitting near $26, LINK is positioned just below short-term resistance around $24.70. The technical indicators suggest potential bullish momentum if the price sustains above $25.50, with targets set at $27.20 and $29.50. Conversely, falling below $24.20 could weaken this outlook.
The partnership with the US government may also increase demand for multi-chain solutions like Best Wallet, which has raised over $15 million in its presale.