SUI Shoots Up by 8%, BTC Price Recovers From Sub-$94K Dip (Market Watch)

Bitcoin’s price actions took another turn for the worse over the past several hours as the asset dropped to $93,600 before it managed to recover about a grand. Most altcoins followed suit with similar price moves, while SUI has emerged as today’s top performer. BTC Recovers From Dip to Multi-Day Lows The primary cryptocurrency had a strong week last time around as its price finally managed to break out of its prolonged trading range, in which it stood mostly between $93,000 and $95,000. The surge past the latter came on Thursday after another successful retest of the lower boundary. The bulls drove bitcoin to a new local peak of over $97,000 on Thursday and $98,000 on Friday morning. Naturally, all eyes turned to the coveted $100,000 milestone. However, there was no such challenge as the bears stepped up. Instead of heading toward a six-digit territory, the cryptocurrency reversed course and started losing value gradually. It slipped back to $96,000 on Saturday and Sunday but the Monday morning Asian trading session brought some more pain as BTC dropped to a May low of $93,600. Nevertheless, it has managed to recover some ground and now trades about a grand higher. Its market cap has dropped to $1.880 trillion on CG, while its dominance over the alts is down by 0.2% to 61.5%. SUI on a Roll The biggest gainer from the larger-cap alts today is SUI. The asset has risen by over 8% and now trades close to $3.5 after a minor retracement in the past few days. On a monthly scale, though, SUI is up by over 50%. TAO has jumped by 6% daily and trades above $365, while PEPE, ONDO, LTC, and XMR have gained somewhere around 3-4%. ETH, XRP, BNB, SOL, DOGE, LINK, and TRX are also in the green, albeit in a more modest fashion, while ADA, LEO, AVAX, and TON have charted minor losses. The total crypto market cap has shed another $20 billion daily and is below $3.060 trillion now. LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. Source: https://cryptopotato.com/sui-shoots-up-by-8-btc-price-recovers-from-sub-94k-dip-market-watch/