"Government backing propels Chainlink's price surge"

In an exciting development for the blockchain industry, Chainlink has partnered with the U.S. Department of Commerce to distribute official macroeconomic data from the Bureau of Economic Analysis (BEA) on blockchain. This groundbreaking collaboration positions the United States as a pioneer in blockchain government adoption.

Charles Ledoux, a Bitcoin and blockchain technology specialist, authored an article about this partnership. Mr. Ledoux, who has written numerous masterclasses and over 2000 articles to educate newcomers to the crypto industry, aims to share his passion for crypto through his articles on the platform.

This partnership revolutionizes access to economic data, making government statistics transparent and accessible to all. Six major indicators from the BEA, including GDP, PCE index, and retail sales, are now accessible via Chainlink Data Feeds on ten different blockchains.

The adoption of this partnership could lead to the integration of other indicators like employment or international trade in the future. This government collaboration further solidifies Chainlink's institutional momentum in 2025.

The LINK token surged by over 5% on the news, reflecting investor enthusiasm for this institutional adoption. To invest in Chainlink (LINK) on Bitget, follow a series of steps including account creation, wallet funding, and placing a buy order.

Engagement with American regulators and decision-makers validates Chainlink's long-term strategy. The partnership also allows smart contracts to access key indicators via Chainlink oracles. DeFi developers can now integrate these statistics into their protocols, paving the way for innovative financial applications.

Moreover, trading volumes exploded, signaling strong momentum for Chainlink. A break above current resistances could propel LINK to new highs, potentially reaching $33 in the coming weeks or days. However, it's important to exercise caution while investing in cryptocurrencies, as stated in a disclaimer provided.

To make the most of this opportunity, Bitget's AI trading agent, GetAgent, can be enabled to analyze LINK market trends in real-time and set up automated strategies. Chainlink also collaborates with Pyth Network to create a multi-oracle ecosystem, ensuring data redundancy and reliability.

In conclusion, the partnership between Chainlink and the U.S. Department of Commerce marks a significant step forward in the integration of blockchain technology into government operations. This collaboration could pave the way for a more transparent and accessible future for economic data.