Summary
Bitcoin and ether have experienced mild losses over the past few days, with bitcoin down more than 5% and ether down around 2.3%. However, both cryptocurrencies are still above key levels, with bitcoin hovering around $41,000 and ether just below $2,200. Solana, which had a recent rally fueled by an airdrop of Jito’s governance token, has cooled down. Jito’s token, JTO, gained as much as 261% last week but has since dipped. Aptos’ native token, ATP, saw a significant increase in price and market capitalization as a large amount of its supply was unlocked. In the stock market, traders are anticipating the Federal Reserve to keep interest rates unchanged and update its expectations for future interest rates. If this happens, it could lead to a rally in stocks.
Key Points
1. Bitcoin and ether have experienced mild losses over the past few days, with bitcoin down more than 5% and ether trading around 2.3% lower. However, both cryptos have managed to stay above key levels, with bitcoin hovering around $41,000 and ether sitting just below $2,200.
2. Solana, which saw a significant increase earlier this month, has cooled down. The rally was driven by Solana-based liquid staking protocol Jito’s governance token airdrop, but the momentum appears to have slowed. Jito’s token, JTO, experienced a substantial gain last week before dipping to around $2.92 on Tuesday.
3. Aptos, a Layer-1 protocol, witnessed a surge in its native token (ATP) as a significant amount of tokens was unlocked. ATP’s market capitalization jumped more than 15% to around $2.5 billion. Last month, when a similar amount of tokens was unlocked, ATP’s price dropped significantly. Aptos reported a significant increase in transactions between the second and third quarters of 2023.