Chainlink (LINK) Price: CustodySync Goes Live With Anchorage Digital

TLDR Chainlink launched CustodySync with Anchorage Digital, letting institutions borrow in DeFi while assets stay in custody. LINK traded near $11.36 to $11.48, below the $12 resistance level. Derivatives volume rose 45.56% to $380.98 million, while LINK ETFs saw zero net inflows on October 26. Chainlink estimates $700 billion in digital assets sit in institutional custody. Support sits at $10.35 and $10, with resistance near $11.60 and $12. Chainlink (LINK) traded between $11.36 and $11.48 this week after the launch of CustodySync, a new product for institutional lending. The token remains below the $12 resistance level after several failed recovery attempts in October. The broader crypto market also weakened. Total market capitalization fell 0.50% to $2.66 trillion in 24 hours, with Bitcoin below $80,000.

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