Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and...

Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom

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Source: Coindesk.com

Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could further delay any meaningful recovery.

"A rapid succession of nearly $2 billion of token unlocks during the next ten weeks could lower the market for altcoins," crypto analytics firm 10x Research noted in a Wednesday report.

Read More https://www.coindesk.com/markets/2024/05/08/crypto-markets-under-pressure-as-2b-worth-of-altcoin-token-unlocks-and-11b-bitcoin-distribution-loom/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom" appeared first here Coindesk.com.

Source: Coindesk.com

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