SUI price crashing by 7% sets a precedent for cryptos ahead of $36 million worth of token unlocks

SUI price action took a disappointing turn over the past day, emerging as a leader of the cryptocurrencies witnessing a price fall. This is expected t

SUI price action fell sharply over the past day, emerging as a leader of the cryptocurrencies witnessing a price fall. This is expected to worsen as token unlocks worth $36 million are scheduled for this week.

Bitcoin price is still not in the clear, according to analyst and trader Rekt Capital, who explores the price action on a macro perspective. It comes after the big crypto leaped almost 5%, testing the $28,600 levels before a retraction.Bitcoin price remains unfazed even after the multiple spot BTC ETF delays from the US Securities & Exchange Commission . But investors need to be careful with the ongoing BTC rally as it could be a trap for early bulls.

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