This week's Crypto Assets to follow: TRUMP, ApeCoin (APE), and Arbitrum (ARB)

Bitcoin hits a new all-time high, market sentiment enters the "greed zone"

Last week, the cryptocurrency market performed strongly, with Bitcoin (BTC) breaking its all-time high, while the "Fear and Greed Index" also entered the "Greed Zone" at 67. However, with the upcoming release of the Consumer Price Index (CPI) data in the United States and the start of earnings season, the crypto market may face new volatility. Additionally, the U.S. Congress will welcome "Cryptocurrency Week," focusing on legislative discussions regarding the GENIUS Act, CLARITY Act, and anti-CBDC Act.

This week, the main cryptocurrencies to watch include Trump Coin (TRUMP), ApeCoin (APE), and Arbitrum (ARB).

Trump Coin Price Fluctuation: Unlocking Large-Scale Tokens

Trump Coin is the official Trump-themed meme coin, and recently the price of this token has dropped over 80% from its highest point this year, losing billions of dollars in market value. Recently, the price of Trump Coin has risen about 13% from this month's low, but it is still not performing as well as other major coins.

This week, Trump Coin will unlock tokens worth $1.94 billion, accounting for approximately 100% of the total circulation. This large-scale token unlock may lead to further price declines, so the price fluctuations of Trump Coin are under close scrutiny this week.

ApeCoin price rebounds: Unlocking process nearing completion

The price of ApeCoin (APE) has rebounded in the past few days, rising from a low of $0.527 on June 22 to $0.656, but its performance still lags behind other cryptocurrencies. This is mainly due to a decline in the sales volume of Bored Ape Yacht Club (BAYC) NFTs over the past few months. For example, data shows that the total sales of BAYC NFTs exceeded $2.1 million in the past seven days.

This week, ApeCoin will be in the spotlight due to the network unlocking over $38 million worth of APE tokens, which accounts for 1.89% of the total circulating supply. Fortunately, the unlocking process of APE is nearing its end, with 93% of the tokens already released.

Arbitrum (ARB) Token: Technical Recovery, Unlocking Situation Draws Attention

In the past few days, the price of Arbitrum (ARB) tokens has rebounded, forming a double bottom pattern, finding support around $0.2491, which has become an important technical catalyst.

This week, the price of Arbitrum will be the focus of attention, especially after the news that Robinhood is utilizing its technology to launch tokenized assets. In addition, the Arbitrum network will unlock tokens worth $38.15 million this week, accounting for approximately 1.89% of the total supply.

Bitcoin and Ethereum ETF Fund Inflows: Another Highlight of the Cryptocurrency Market

As the inflow of ETF funds into Bitcoin (BTC) and Ethereum (ETH) continues to increase, these two major cryptocurrencies will also attract more market attention this week. Meanwhile, other noteworthy cryptocurrencies include deBridge, ZetaChain, LayerZero, and Kaito.