SUI explodes 12% daily, Bitcoin stalled again at $65,000 (Market Watch)

Bitcoin bulls took the asset to another monthly high of $64,800, but it ultimately failed to continue higher and has pulled back around a thousand.

Chainlink has emerged as today’s best performer among larger-cap alternatives, while SUI continues to climb with another double-digit gain.

BTC’s path to $65,000 stalled again

It was last Wednesday that the major cryptocurrency faced massive volatility as the US Federal Reserve met to discuss and ultimately cut the country’s key interest rates by 50 basis points. BTC went up and down on several occasions, but the bull prevailed in the end and pushed the asset north to $64,000 on Friday morning.

After a relatively slow weekend, bitcoin went back on the offensive on Monday, approaching $65,000. However, bears quickly intercepted the move and pushed the cryptocurrency south by more than two thousand.

However, the bulls didn’t stay down much as they started another stage in the last 12 hours or so that pushed BTC to $64,800 again. However, as happened with the previous attempt, bitcoin failed to break above $65,000 and is now trading below $64,000.

Its market cap has remained around $1.260 trillion in CG, but its dominance over the alts has lost more ground, falling to 53.8%.

Bitcoin/Price/Chart 25.09.2024. Source: TradingView SUI in headlines

Many of the largest cap stocks are silent today. Ethereum and Binance Coin are back 1-2%, and so is Tron. In contrast, SOL has risen by that percentage and is trading at $150. Similar smaller gains come from DOGE, SHIB, TON and BCH.

ADA is up 3% to close at $0.4. LINK is up 7% and is now trading above $12. However, SUI stands out as the best performing mid-cap alternative, with more than 12% value added daily. In addition, the asset is up 45% in the past week and a whopping 80% on a monthly basis. As such, it now stands at $1.75 and is the 26th largest cryptocurrency.

Other notable daily gains include SEI (24%), POPCAT (9%) and NOT (8%).

The total crypto market is close to $2.35 trillion, which is basically the same as yesterday.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!

Disclaimer: The information found on CryptoPotato is that of the quoted writers. It does not represent CryptoPotato’s views on whether to buy, sell or hold any investment. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. See disclaimer for details.

TradingView Cryptocurrency Charts.