SUI Surges 9% in 24 Hours as Bitcoin Claws Back $5K in Weekend Rally
Crypto markets woke up swinging this weekend—SUI skyrocketed nearly double digits while BTC staged a $5,000 comeback. Traders scrambling to justify the moves cited 'technical factors' (read: pure speculation).
Bitcoin's rebound smacks of classic weekend liquidity play—thin order books getting pushed around like a Wall Street intern. Meanwhile, SUI's pump proves altcoins still moon when least expected—just ask the 'fundamentals' crowd.
Another day, another crypto rollercoaster. At least the volatility gives analysts something to overanalyze between golf rounds.
BTC Recovered $5K
The business week started on the right foot for BTC, which jumped to $106,500 on a couple of occasions on Monday and Tuesday. However, it saw little success there, and the subsequent rejections pushed it south by about two grand.
It jumped once again on Thursday after the ECB cut the interest rates to 2%, but was halted at $106,000. The online spat saga that transpired between the former allies, Elon Musk and Donald Trump, further intensified the sell-off and BTC dumped hard to $100,400 (on Bitstamp).
The bulls finally stepped up at this point and prevented another decline. Just the opposite, Bitcoin started to recover and jumped to $105,500 in midday trading on Friday. It couldn’t continue upward and now sits below $105,000, but it’s still 2% up on the day.
Its market cap has recovered to $2.080 trillion, while its dominance over the alts stands tall at 61.5% on CG.
SUI Bounces Hard
Most altcoins tumbled on Friday but have posted impressive gains on a daily scale. Still, ethereum continues to struggle below $2,500 following a minor jump. RP has recovered to $2.17 after a 2% increase, and similar gains are evident from BNB, SOL, DOGE, and ADA.
SUI has emerged as today’s top performer, having surged by almost 9%. It now trades above $3.25. In contrast, HYPE has marked a slight decline of around 2% and is below $34 as of press time.
The total crypto market cap has added over $50 billion since yesterday’s low. Consequently, the metric is now north of $3.380 trillion on CG.
