Rumble Implements Bitcoin Strategy, Acquires $17 Million BTC

The investors are keeping close track of Solana (SOL), Dogecoin (DOGE), SUI, and other top altcoins prices as major token unlock looks ahead. Usually, the token unlocks tend to impact the value of the assets due to the supply-demand mechanism. Having said that, let’s explore some of the top crypto that the traders might avoid for the ongoing week.

Solana, SUI, & DOGE In Focus As Upcoming Altcoins Unlock Looms

The latest data from Tokenomist reveals a storm brewing in the crypto space. Over the next seven days, tokens worth more than $625 million are set to hit the market. This includes both cliff unlocks (one-time large releases) and linear unlocks (steady daily releases).

Major cliff unlocks are lined up for SUI, OMNI, IOTA, and others. These cliff unlocks involve heavy selling risks, as large volumes are released at once, shaking supply-demand dynamics.

On the other hand, Solana, WLD, TRUMP, TIA, DOGE, TAO, AVAX, and others are facing significant linear unlocks. Each of these projects is scheduled to unlock over $1 million worth of tokens daily, further pressuring their respective markets.

Quick Tour Of The Top Altcoins Unlock & Their Prices

As token unlocks often flood the market with supply, traders tend to exercise caution to avoid sudden price drops. Let’s explore the major altcoins facing risks this week.

Solana Unlock & Price

The image compiled by WuBlockchain from Tokenomist’s data outlines the looming unlocks for this week. One of the top altcoins, SOL, faces major pressure as a $67.61 million unlock looms for the crypto this week.

However, the recent SOL performance indicates that the investors might have shrugged off concerns amid a broader market recovery. SOL price today rose more than 2.5% to reach $151 from its 24-hour low of $144.89.

Meanwhile, Solana tops the list this week with a substantial $67 million worth of tokens entering circulation. Although it represents only 0.09% of SOL’s circulating supply, large holders could still trigger sell-offs.

DOGE Unlock & Price

Apart from Solana, another leading player in the digital assets space might also face pressure. Dogecoin (DOGE) will face a $17.09 million release this week. While relatively smaller in percentage terms, unexpected selling could easily sway the top memecoin’s highly sentiment-driven price.

However, DOGE price also rose around 0.7% to $0.1807, accompanied by a falling trading volume of 12% to $1.08 billion. Notably, the investors will keep close track of its upcoming movements, with many waiting on the sidelines before understanding the unlock’s impact on its value.

SUI Unlock & Price

SUI also stands out with notable cliff and linear unlocks totaling around $262.88 million. With both cliff and linear unlocks, the total value hitting the market is massive. Cliff unlock alone will release $262 million worth of SUI, roughly 2.27% of its supply.

Meanwhile, SUI price today also jumped alongside Solana, DOGE, and other top altcoins, rising 2% to $3.69. However, with the upcoming token unlocks, investors should exercise due diligence before putting their bets. Besides, the movement of whales also plays a crucial role in the coming days.

Last week, a whale put his bet on 3 altcoins, resulting in massive price surges. This reflects how these large investors influence the broader market sentiment.

The post Solana, DOGE, SUI & These Altcoins To Avoid As $625M Token Unlock Looms appeared first on CoinGape.

Crypto market capitalization closed the week above $2.7 trillion mark on Saturday, April 5, while Trade war panic wiped over $1 trillion off US tech stocks including Apple, NVIDIA and Microsoft.

Microsoft, Apple and Nvidia all lose $3 trillion valuation as Trump tariffs Wipe Out $1 trillion in 3 days

As Trump announced fresh tariffs on Wednesday, global Markets reacted swiftly. The Dow Jones Industrial Average dropped over 3000 points plunging 7.4%, while Crude Oil (WTI) also tumbled more than 10% as manufacturers and commodities traders brace for a blip in global commerce.

But the most dramatic losses came from the United States’ technology sector. Apple, Microsoft, and NVIDIA—three of the most valuable companies globally—shed more than $1 trillion in market capitalization combined after Trump announced the sweeping tariffs on Wednesday.

Apple alone fell 15.02% on the week, while NVIDIA’s stock lost 15.4% following supply chain concerns tied to the semiconductor industry. Microsoft declined 15.9%, extending its weekly loss to the steepest seen since October.

Notably, all three stocks which traded above the $3 trillion mark in the past year have now plunged below that historic threshold.

At press time, on Saturday April 5, Apple (AAPL) sits atop with $2.83 trillion market cap, while Microsoft (MSFT) and NVIDIA (NVDA) follow with current valuations of $2.7 and $2.3 trillion valuations respectively.

Historically, such synchronized declines among the biggest U.S. corporations suggest investors are reacting to systemic market risks rather than, individual stock performance outlook.

This affirms that China’s swift retaliation—announcing new tariffs on U.S. exports within 48 hours—has sparked fears of a sustained trade war.

The looming supply chain risks has prompted investors to pivot away from US stocks towards alternative markets like private credit and cryptocurrencies.

Altcoins Brace for Breakout as Crypto Market Cap Holds at $2.7T  Amid Trade War Concerns

Bitcoin price has held firmly above the $80,000 mark, despite US Trade tariffs sparking intense market turbulence across global financial markets over the past week.  BTC’s resilient price action has caught investor’s attention, with the positive sentiment extending towards altcoins.

On Wednesday, the White House triggered widespread investor anxiety by unveiling sweeping new tariffs on imports from multiple trading partners, including China, India, Mexico, and the European Union.

Early market reactions show that cryptocurrencies withstood the sell-pressure while US Stocks, and manufacturing commodities markets nose-dived.

As seen in the Coingecko chart above, the aggregate crypto market capitalization stands at $2.7 trillion at press time, keeping weekly timeframe losses below the 8% mark. Not only has Bitcoin price held above the $82,000, the resilient performance extended to the crypto sector as a whole.

As seen in the chart, top ranked altcoins like XRP, BNB and Cardano are holding key support levels around $2, $590 and $0.65 respectively, as global markets saw major sell-off response to Trump’s tarrfis.

But in the crypto-sector as weak hands exited, and BTC held steady, altcoin found new buyers as as investors exiting us stocks sought assets unexposed to trade tensions. In effect, Crypto markets only declined 8% in the past week, while Microsoft, Nvidia and Apple all plunged by more than 15%.

As investors exited those markets, the displaced capital found its way into the crypto markets, which has kept top altcoins that Ethereum, XRP, BNB. and Solana consolidating near the $1,800, $2, $600.

For context, of the top 5 ranked cryptocurrencies are posting BTC, ETH, BNB and XRP are all posting less than 1% losses on the weekly timeframe.

Meanwhile, Solana the worst performer among the top-ranked altcoins this week, settles at $119 at press time, having only plunged 5%, despite active bearish catalyst from token unlocks, and upcoming FTX payouts.

The post Crypto Today: Altcoins Find New Buyers as Microsoft, Apple and Nvidia Lose $1 Trillion in 3 Days appeared first on CoinGape.