Crypto Market Faces Downward Pressure from US Construction Spending and Token Unlocks

The crypto market is bracing for a potentially volatile day as significant macroeconomic indicators come into play. The release of US January construction spending data is set to take place at 23:00 Korea time, which may have a significant impact on the broader market.

Additionally, several major altcoins are scheduled to unlock tokens or introduce new features, including River (RIVER), Akash Network (AKT), and HTX DAO (HTX). This could lead to increased price volatility in these assets.

The current market sentiment is dominated by risk aversion, with the Fear Index at 8 and Treasury yields at 4.39%. As a result, investors are advised to be cautious of further declines in altcoins, particularly if macroeconomic indicators deliver a negative shock.