Cryptocurrency Market Sees Gains Despite Fed Decision Amid Token Unlocks

The cryptocurrency market saw significant gains last week despite the Federal Reserve's interest rate decision favoring an increase. Bitcoin rose by 4.90% in the past week, while several top altcoins also experienced increases.

However, a large number of token unlocks are scheduled for 22 altcoins this week, which may impact market performance. According to the unlock schedule, Akedo (AKE) will unlock 9.25% of its market value ($109.49 million), while Plasma (XPL) is set to unlock 97.44% of its market value ($151.64 million).

Other notable unlocks include GateToken (GT), which will release $68.00 million worth of tokens, and Fogo (FOGO), which will unlock 42.24% of its market value ($9.83 million).

Investors should be cautious as these token unlocks may impact the market's performance.