Here's Why Bitcoin, Dogecoin, and Chainlink Sank This Week

It's been another week of sell-offs for the broader cryptocurrency market. Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), and Chainlink's (CRYPTO: LINK) tokens fell roughly 10%, 17%, and 18%, respectively, over the previous seven days of trading as of 5:45 p.m. ET on Friday, according to data from S&P Global Market Intelligence.

In addition to concerns about cyclical pricing trends and regulatory risks, cryptocurrency prices appear to be getting dragged lower amid the ongoing China Evergrande Group debt default saga. Investors have generally been showing signs of becoming more cautious amid a mounting combination of risk factors, and it's possible that the crypto space will see more significant sell-offs in the near future. 

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Source Fool.com