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

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

June 24, 2025

in Breaking, News

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

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

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

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 earlier during the day a partnership with global payments operator Mastercard to enable over 3 billion card holders to purchase cryptocurrencies directly on-chain.

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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.

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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.