Bitcoin Falls By $2,000 After Last Peak, SUI Hits New All-Time High (Market Watch)

Bitcoin’s price moves over the weekend culminated in a rally that pushed the asset to a new all-time high of $106,500, but it has fallen around two billion since then.

Most altcoins are slightly sluggish on a daily basis, apart from LINK, SUI and AAVE, all of which have posted impressive gains.

The last peak of BTC

After two price drops at the start of the previous business week, both of which pushed BTC south to $94,400, the cryptocurrency went on the offensive and rallied to $100,000 on Thursday.

After some uncertainty at this level, the asset broke above on Friday and hasn’t really looked back since. It hovered around $102,000 over the weekend and, after a few unsuccessful breakout attempts, managed to break above it during the early morning Asian trading session.

Perhaps fueled by some positive comments from Donald Trump and the growing number of whale wallets, BTC soared to a new all-time high of $106,500 (on Bitstamp). However, it has lost some steam since then and is now around two grand lower.

Its market cap is up to $2.070 trillion on CoinGecko, while its dominance over altcoins is around 54%.

Bitcoin/Price/Chart 16.12.2024. Source: TradingView SUI sees new high

Most of the larger-cap alternatives have seen small gains or negligible losses over the past day. ETH is slightly in the green, trading above $3,900, while XRP, SOL, BNB, DOGE, ADA, TRX, and AVAX are down about 1-2% each.

Instead, LINK and AAVE have emerged among the best performers, increasing by 4% and 5% respectively. SUI is up more than 6% and is above $4.7. It also hit a new all-time high just hours ago at over $4.9, according to data from CoinGecko.

The total crypto market capitalization has added about $80 billion since yesterday, reaching $3.85 trillion in CG.

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).

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