The latest dynamics of the Crypto Assets market show that the prices of major coins are exhibiting a fluctuating trend. Bitcoin is oscillating between the range of 122335 to 118050 USD, with the daily chart forming a long wick candle top pattern, and short-term attention is on the 119-121 USD resistance level. Ether, on the other hand, has found support around 4150 USD and may enter a period of consolidation.



At the same time, the crypto assets sector performed positively, with the ssiCeFi index rising by 3.09% in 24 hours. Among them, representative tokens such as HYPE, BNB, and OKB saw significant increases of 4.68%, 3.61%, and 1.33%, respectively.

It is worth noting that Aptos (APT) will unlock tokens worth $50.3 million in the near future. Historical data shows that similar unlocking events can trigger short-term price fluctuations, but long-term holders tend to absorb the additional supply, which helps stabilize the market. Investors should closely monitor the impact of this unlocking on liquidity.

In terms of policy, Hong Kong is actively laying out its digital economy. The Hong Kong Trade Development Council announced a collaboration with the International Chamber of Commerce Digital Standards Initiative, planning to hold workshops focusing on electronic bills of lading and blockchain technology. The chairman of the Trade Development Council, Margaret Fong, emphasized that Hong Kong is committed to building an innovative and efficient digital trade ecosystem, enhancing competitiveness through international cooperation, showcasing Hong Kong's ambitions in the fintech sector.

As the crypto market continues to evolve, the positive attitude of financial centers like Hong Kong may inject new momentum into the industry's development. However, investors still need to respond cautiously to market fluctuations and closely follow various influencing factors.
BTC-0.96%
ETH-3.69%
HYPE3.45%
BNB-2.92%
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Web3ExplorerLinvip
· 13h ago
hypothesis: the APT unlock event parallels ancient trade routes... liquidity flows like rivers through time
Reply0
GateUser-a180694bvip
· 08-12 05:49
What have I been doing these years?
View OriginalReply0
CoffeeOnChainvip
· 08-12 05:39
It's really hard to make money.
View OriginalReply0
SatoshiSherpavip
· 08-12 05:32
Hong Kong is really bold!
View OriginalReply0
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