CandleFocus CryptoRank: Aptos Token Unlock to Add $161M to Circulation
2024-12-09
Author: Content Editor
Bitcoin briefly reached the $100,000 price level before falling to $99,048. The crypto market sentiment is bearish, fueled by news of significant token unlocks this week. The largest event involves the Aptos (APT) blockchain, with $161.20 million worth of APT tokens set to be released on December 12. Other cryptocurrencies, including XAI and Highstreet (HIGH), will also have major unlocks. Despite this, CryptoRank's analysis suggests that bulls still control the short-term price action for APT. However, the RSI line indicates a potential takeover by sellers and the possibility of APT crashing further in the near future. This article provides informational and educational purposes only and does not constitute financial advice.
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