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SUI Token Plunges 6% Post-Spike as Dollar Flexes Muscle—Crypto Feels the Squeeze

SUI Token Plunges 6% Post-Spike as Dollar Flexes Muscle—Crypto Feels the Squeeze

Author:
CoindeskEN
Published:
2025-07-28 17:59:55
6
3

SUI Token Drops Nearly 6% After Brief Spike as Stronger U.S. Dollar Pressures Crypto Market

Crypto's latest victim? SUI takes a nosedive after a fleeting rally—blame the greenback's iron grip.

When the dollar struts, altcoins stumble. SUI's nearly 6% drop is just another Tuesday in macro's playground.

Volatility alert: Traders left clutching bags as 'risk-off' sentiment bulldozes through speculative assets. Thanks, Jerome Powell.

Closing thought: Another day, another crypto 'hedge against inflation' getting steamrolled by actual monetary policy. Who could've seen that coming?

|Square

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