Token Unlocks Set to Hit Altcoins as Crypto Slides

Crypto prices slipped last week after hotter-than-expected US inflation figures raised the odds of a Federal Reserve rate hike.

Bitcoin dropped 3 percent, while Ethereum managed a modest 0.77 percent gain.

Next week brings multiple token unlocks across altcoins. The releases range from 1.34 million dollars (5.65 percent of market cap) to 13.05 million dollars (1.4 percent). One project will unlock 9.83 million dollars, equal to 63.72 percent of its valuation.

With sentiment already shaky, the supply increases could add extra pressure on prices.

Based on information from https://cryptonews.net