Altcoin Selling Pressure Looms as $500M in Token Unlocks Scheduled This Week
Unlocks increase the total available supply of a certain token but don’t necessarily hit the open market immediately.
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Unlocks increase the total available supply of a certain token but don’t necessarily hit the open market immediately.
Bitcoin’s boring price action, characterized by continued accumulation by small investors, is being attributed to several reasons. including the U.S. election uncertainty and renewed uptick in the U.S. Treasury yields.
Trump’s odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the market is stagnant despite hopes of another round of stimulus in China.
PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.
Robinhood customers in the European Union can now transfer more than 20 cryptocurrencies, including include bitcoin, ether, solana and USD coin, in and out of the trading app.
Memecoin-related tools are helping the crypto industry cater to more mainstream users than other crypto uses, according to B, a Floki core developer.
“The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said.
FLOKI tokens could see a price jump as the project’s closeness to GraFun boosts its fundamentals.
Bitcoin rose by 3%, trading above $65K with U.S. spot bitcoin ETFs seeing one of their largest inflow days at $365 million,
Powell is expected to speak at 13:30 UTC at the US Treasury Market Conference amid mounting expectations for another U.S. interest rate cut this year.