These Seven Crypto Projects Unlock Tokens This Week. Will Prices Falter?

The 1-inch exchange will be the first major protocol to release tokens this week on May 1. However, with only 21,429 tokens issued, there is unlikely to be a significant impact on token prices.

Timeline of 1inch, Acala, Bitcoin, Galxe, Joe, Liquity, Nym

The Bitcoin price analysis reveals that the token has been on a downward trajectory after breaching the resistance level of $29,952. The token has been facing rejection at this level for some time now.

On-chain data from Santiment shows that Bitcoin whales have bought around $1.8 billion in BTC since the recent high above the $30,000 level. Bitcoin Whales Have Accumulated 64,000 BTC In The Last Two Weeks According to data from the on-chain analytics firm Santiment, the BTC whales ended the month of April by accumulating the asset.

The price of Bitcoin (BTC) experienced significant volatility in the last 7 days. After a sharp increase on April 25 and 26, BTC saw several days of relative stability, only to drop by over 4% as the weekend came to a close.

Bitcoin ‘s (CRYPTO: BTC) daily transaction counts are soaring, hitting all-time highs and showing an explosive uptick in 2023, on-chain data shows. What Happened: According to Glassnode on-chain analytics, inspection of Bitcoin's memory pool indicates a noticeable shift this year, with a sharp fee pressure spike during FTX and sustained fee pressure throughout 2023.

Bitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events. On Wednesday, the Federal Reserve is expected to increase rates by 25 basis points, with nonfarm payrolls for April being released this coming Friday. Ethereum was also lower in today's session.

Bitcoin-the largest cryptocurrency started the May month on a bearish note, registering an intraday loss of 2.36% at 6:50 am ET. This decline formed a new lower high in the daily time frame chart reflecting an early sign of trend reversal and continuation of ongoing correction.

After the Bitcoin price slipped below $28,500 late Sunday night (EST), the hoped-for bounce in response to the seizure of First Republic Bank (FRC) has failed to materialize. While recent bank failures have sparked an upward momentum for Bitcoin, the price is currently hovering around $28,600.

The Liquity price analysis is positive right now. Since it is currently trading at $1.80, the token price has significantly recovered, but how long the recovery will last will depend on the hours to come.

This article explores five compelling use cases for Bitcoin's Lightning Network, a layer 2 (L2) payment protocol designed to address Bitcoin's scalability issues and enable instant, low-cost transactions. The Lightning Network is a payment protocol that operates on top of a blockchain, such as Bitcoin or Litecoin, to enable fast and low-cost transactions.

Quick Take Whales have been active over the weekend, continuing their aggressive Bitcoin accumulation. Approximately $250 million worth of Bitcoin has been pulled from exchanges on Friday and Saturday.