China News Daily Official TheBitTimes.com

Real Vision analyst Jamie Coutts believes that the crypto market could finish out the year with strong rallies. Coutts says that the TOTAL3 chart on the weekly timeframe appears to be breaking out of a descending trend line and printing a bull reversal pattern. The TOTAL3 chart tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. “Zoom out on the weekly log chart: Total market cap excluding BTC and ETH, aka ‘Alts,’ are breaking out. Total market cap excluding BTC and ETH/Total market cap is basing. Crypto Q4 could get wild.” Source: Jamie Coutts/X Looking at his chart, the analyst suggests that TOTAL3 is breaking out from a rounding bottom pattern. The technical formation is often viewed as a bullish reversal pattern as it indicates that investors have accumulated the asset without allowing the price to move lower. Next up, Coutts says there are reasons to be long-term bullis...

Seven crypto currency projects, including Injective and Sui, will release new token s worth at least $10 million into their circulating supply within the next month .  In total, around $560 million in cryptocurrencies are scheduled to unlock in January 2024, according to a TokenUnlocks dashboard. The unlocks will happen over varying periods, with some releases occurring within 72 hours and others occurring in tranches across 30 days.  These emissions have been designated for various participants, such as core contributors, charities, staking rewards, and investors. Aptos (APT) Aptos, a layer-one blockchain, will unlock 24.8 million APT tokens worth roughly $235 million at current prices. The tokens are spread across the Aptos Foundation, community incentives, core contributors, and investors. About 8% of APT’s circulating supply and the community allocation will claim the lion’s share. Injective (INJ)  Just over 4% of Injective’s circulating supply is allocated to adv...