Aptos (APT) Restores Double-Digit Value as Bitcoin (BTC) Rally Enters New All-Time High

The stunning crypto market rally following the United States elections has evolved into a new all-time high for Bitcoin (BTC) and a humongous rally for

Bitcoin (BTC) price action soared to a new all-time high on Monday, March 2, 2024, kicking off the week with a bang. The flagship digital asset surged past the $75,000 mark for the first time ever.

But BTC wasn’t the only crypto making headlines on Monday. Several blue-chip altcoins also experienced significant gains. For instance, the technology-embracing Aptos (APT) restored a double-digit value for the first time since April 2024.

Aptos Leads in Gains, Unlocks 2.17% Circulating Supply This Week

If the bullish momentum for Aptos persists, the altcoin could retest the yearly peak at $18.

Furthermore, APT is scheduled to unlock a massive 11.31M tokens this week, taking up 2.17% of the circulating supply, currently valued at $13,515,450. The ultra-scalable Aptos chain’s native crypto is capped at $1.125 billion, with nearly 50% of Aptos coins already unlocked.

This week a number of projects will undergo a major unlocking phase, worth a total of $746 million.

APT’s Biggest One-Time Unlock Awaits ($128.37M)

Also additional #ARB #AVAX, #Strk, #ZKJ, #CKB, #CYBER, #ADA, #ENA, PRIME may enter the market

Linear unlocks of #SOL., #WLD,… pic.twitter.com/B8uMBE2hTd

The unlock is set to be carried out in cliff mode, simultaneously pouring all of the tokens into the market. Meanwhile, Celestia (TIA), another altcoin behind a technology-pioneering modular blockchain, is poised for a 1.70% total supply unlock in linear mode. The deed will unleash 6.99M TIA tokens into circulation, with an estimated value of over $40 million.

Celestia’s (TIA) Price to Take a Huge Hit?

Coming off a hefty 175.59 million TIA token cliff unlock in late October 2024, Celestia’s price bounced back off the $4.20 support on November 6, 2024. As the historic day for the crypto community was marked by Bitcoin’s rally above $75,000, TIA crypto jumped above $5.62, erasing the scars left from the cell wall caused by the $940 million unlocks.

Monday’s bull run for BTC could turn out bullish for Celestia’s price, as major crypto investors are returning and acquiring new TIA positions, evident in the boosted Chaikin Money Flow (CMF) metric.

Moreover, DailyCoin spotted similar trends with the Stochastic Relative Strength Index (StochRSI), which assists in understanding Celestia’s price movement. Ranging between 28 and 20, this metric confirms a bullish stance for the altcoin with an oversold condition.

This could potentially soften the blow when the crypto token unlocks hit on TIA with the currently ongoing linear unlocks, adding 995.64K Celestia coins to the market every day, as only 41.8% of the modular chain’s total supply is already hovering around crypto trading platforms.