Bitcoin Inches Higher, Ethereum Slips, as Token Unlocks Dominate Market Sentiment
- Crypto markets remain flat with a September Fed rate cut fully priced in by investors.
- Aptos faces fresh pressure with a $48.5M insider-heavy unlock set to hit the market.
- WLFI tumbled nearly 10% after a surprise 25% supply release shocked early investors.
Crypto markets showed little movement last week, with a September Federal Reserve rate cut now fully priced in. According to crypto analyst Stacy Muur, Bitcoin gained modestly, Ethereum slipped, and decentralized AI tokens recorded a minor pullback, citing data from Tokenomist.
Notably, Bitcoin is trading at $113,579, a 0.7% rise in the past day, increasing its weekly uptick to 2.2%. Ethereum has seen a similar run in the past day, trading at $4,366, reducing its fortnight loss to 5.4%.
Aptos Unlock of $48.5 Million Tokens Raises Insider Pressure
Unlock schedules dominated trading discussions. Aptos (APT) is set for a $48.5 million release in the coming days, representing 2.2% of its supply. The allocation is insider-heavy, raising concerns that the added supply could lead to persistent selling pressure.
Related: Over $45M in Insider Token Unlocks Set to Hit Market Sept. 8–14
Coin Edition ear…
The post Bitcoin Inches Higher, Ethereum Slips, as Token Unlocks Dominate Market Sentiment appeared first on Coin Edition.
Read More
Bitcoin Bulls Beware, South Korean Kospi Setting Record Highs Could Stop BTC's Bull Run: Analyst
Bitcoin Inches Higher, Ethereum Slips, as Token Unlocks Dominate Market Sentiment
- Crypto markets remain flat with a September Fed rate cut fully priced in by investors.
- Aptos faces fresh pressure with a $48.5M insider-heavy unlock set to hit the market.
- WLFI tumbled nearly 10% after a surprise 25% supply release shocked early investors.
Crypto markets showed little movement last week, with a September Federal Reserve rate cut now fully priced in. According to crypto analyst Stacy Muur, Bitcoin gained modestly, Ethereum slipped, and decentralized AI tokens recorded a minor pullback, citing data from Tokenomist.
Notably, Bitcoin is trading at $113,579, a 0.7% rise in the past day, increasing its weekly uptick to 2.2%. Ethereum has seen a similar run in the past day, trading at $4,366, reducing its fortnight loss to 5.4%.
Aptos Unlock of $48.5 Million Tokens Raises Insider Pressure
Unlock schedules dominated trading discussions. Aptos (APT) is set for a $48.5 million release in the coming days, representing 2.2% of its supply. The allocation is insider-heavy, raising concerns that the added supply could lead to persistent selling pressure.
Related: Over $45M in Insider Token Unlocks Set to Hit Market Sept. 8–14
Coin Edition ear…
The post Bitcoin Inches Higher, Ethereum Slips, as Token Unlocks Dominate Market Sentiment appeared first on Coin Edition.
Read More