Bitcoin Falls $2K After Latest Peak, SUI Registers Fresh All-Time High (Market Watch)
2024-12-16
Category: None

Bitcoin’s price movements over the weekend culminated in a rally that pushed the asset to a new all-time high of $106,500, but it has dropped by around two grand since then.
Most altcoins are slightly sluggish on a daily scale, aside from LINK, SUI, and AAVE, all of which have registered impressive gains.BTC’s Latest Peak
After the 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 spiked to roughly $100,000 by Thursday.
Following some uncertainty at that level, the asset flew past it on Friday and hasn’t really looked back since. It hovered around $102,000 during the weekend, and after a fewunsuccessful breakout attempts,it managed topush aboveit during the early morning Asian trading session.
Perhapsfueledby some positive comments from Donald Trump and the growing number of whale wallets, BTC skyrocketed to a new all-time high of $106,500 (on Bitstamp). Nevertheless, it has lost some steam since then and now sits around two grand lower.
Its market capitalization is up to $2.070 trillion on CoinGecko, while its dominance over the altcoins is close to 54%.SUI Sees New High
Most larger-cap alts have posted either small gains or insignificant losses over the past day. ETH is slightly in the green, trading above $3,900, while XRP, SOL, BNB, DOGE, ADA, TRX, and AVAX have declined by about 1-2% each.
In contrast, LINK and AAVE have emerged among the top performers, surging by 4% and 5%, respectively. SUI has jumped by over 6% and sits above $4.7. Moreover, it tapped a fresh all-time high as well hours ago at over $4.9, according to CoinGecko data.
The total crypto market cap has added around $80 billion since yesterday and is up to $3.850 trillion on CG.