Bitcoin Holds Steady as Chainlink Reaches Eight-Month High

Bitcoin began the week largely unchanged, while Chainlink’s LINK token climbed to an eight-month high, according to Decrypt. The move followed news that Bottomline, a top-three provider of SWIFT services, had selected Chainlink to connect more than 600 banks to blockchain settlement. Bottomline processes $16 trillion annually through its services. The announcement places Chainlink at the center of an initiative involving established financial institutions and blockchain-based settlement infrastructure. Bitcoin’s flat start contrasted with LINK’s stronger performance as the market responded to the reported adoption by Bottomline. The development is a notable update for Chainlink, given the scale of the banking network involved and the transaction value associated with Bottomline’s business.