Bitcoin $BTC continues to lead the crypto market, trading at approximately $96,901. The Altcoin Season Index stands at 24, indicating a Bitcoin-dominated market cycle. This suggests that altcoins are underperforming relative to Bitcoin, with the altcoin market cap dipping below $1.1 trillion amid capital rotation .
Altcoin Token Unlocks Impact Prices
Several altcoins are experiencing significant token unlocks this week:
Ethena ($ENA ): 171.88 million tokens (3.10% of its circulating supply) are set to unlock, potentially causing the price to fall to $0.25 unless demand increases .
Kaspa (kas): Despite a $13 million unlock, KAS shows bullish momentum and could climb above $0.11, possibly reaching $0.14 if the trend holds .
MOVE: Following a controversy-induced plunge, RSI signals a potential bounce; however, the upcoming 50 million MOVE token unlock may limit gains .
Meme Coins and Penny Cryptos Gain Traction
Investor interest in meme coins and low-cap cryptocurrencies is surging:
Meme Coins: Tokens like TRUMP, HOUSE, and BONK are gaining attention for their viral potential and community engagement .
Penny Cryptos: Low-cap tokens are experiencing increased volumes on platforms like Binance, indicating a shift in trader focus towards early-stage projects with momentum .
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💰 Traditional Coin Collecting News
Rare Brexit 50p Coin Sells for Over £1,200
A rare Brexit-themed 50p coin, issued in 2020 to commemorate the UK's departure from the EU, recently sold for £1,226.72 on eBay. While over 10 million of these coins were minted, specific versions bearing the original 2019 Brexit date, October 31, are considered highly valuable. A few of these coins accidentally entered circulation, with only two known to exist, and one reportedly selling for up to £40,000 .
Royal Mint Unveils 2025 Commemorative Coins
The Royal Mint has released a new collection of commemorative coins for 2025, including:
A 50p coin celebrating the 60th anniversary of the Red Arrows, the Royal Air Force's aerobatics team.
A 50p coin commemorating the Second World War, depicting medals awarded for wartime service.
Two £2 coins honoring the 200-year anniversary of the modern railway and the 350th anniversary of the Royal Observatory, Greenwich.
A special £5 coin celebrating the 125th birth anniversary of the late Queen Mother, featuring a portrait design by Richard Guyatt.
These coins are initially sold as a set priced at £39.50 on The Royal Mint website, with individual releases occurring later in the year .
