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

By: cryptonews|2025/05/05 19:45:01

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.

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

Ethereum 2029 Strawmap Guide: Ultra-Fast Consensus, Native Privacy, and the "Acceleration Variables" Brought by AI

Understanding Ethereum 2029 "Sketch": 7 Upgrades, 5 Major Goals, and a "Theseus's Ship" Style Reconstruction.

Altcoin ETF Surge: SOL and XRP Inflows Total $23 Million as Institutions Diversify

Key Takeaways Institutional interest in altcoin ETFs is expanding, with SOL and XRP showing significant inflows on March…

Vitalik Drops Ethereum Endgame Bombshell: ETH USD to $3,000?

Key Takeaways Vitalik Buterin introduces the “Sanctuary Tech” manifesto to address Ethereum’s non-financial limitations. A current lack of…

Exclusive: Yuliya Barabash Predicts the Most Regulated Could Be the Biggest Crypto Winners

Key Takeaways The aftermath of FTX and Celsius collapses has ushered a new regulatory era, reshaping the crypto…

iPhone Crypto Wallets Under Threat from State-Grade Malware

Key Takeaways: The Coruna exploit kit exploits 23 iOS vulnerabilities, threatening iPhone users’ crypto wallets. Initially state-level surveillance,…

Bitcoin Nears Two-Year ‘Make-or-Break’ Resistance: Future Implications

Key Takeaways Bitcoin’s price is approaching key resistance levels around $73,000, observed for the first time since early…

Bitcoin Price Prediction: Analyst Says $220,000 BTC Is Coming — But Only After This Happens

Key Takeaways: Bitcoin may experience a significant drop before the next major rally begins, potentially revisiting the $50,000…

Solana Price Outlook: All Eyes Focused on $95 — Could This Trigger New SOL Highs?

Key Takeaways Solana’s price is approaching a pivotal $95 mark, which may indicate potential support or resistance for…

Advanced AI Predicts Future Prices for XRP, Solana, and Cardano by 2026

Key Takeaways: Claude AI predicts significant price increases for XRP, Solana, and Cardano by the end of 2026.…

Bitcoin Price Prediction: Fed Rate Cut Hints Propel Bitcoin Beyond $72K — Is a Mega Rally Starting?

Key Takeaways Bitcoin surged past the $72,000 mark, ignited by potential Federal Reserve interest rate cuts. The rally…

XRP Price Prediction: Ripple Just Turned to AI to Protect the XRP Ledger — Is This a Security Game-Changer?

Key Takeaways: Ripple is leveraging AI to enhance the security of the XRP Ledger after identifying vulnerabilities. AI…

Institutional Accumulation: US Bitcoin ETFs and MicroStrategy Drive $1.2B in Demand Surge

Key Takeaways: Institutional investments in Bitcoin have surged with US Bitcoin ETFs and MicroStrategy leading the charge, absorbing…

South Korea Tax Service Leaks Seed Phrases, Loses $4.8 Million in Seized Crypto

Key Takeaways The National Tax Service of South Korea inadvertently leaked private keys in a press release, resulting…

Current Crypto Predictions: XRP, Bitcoin, and Ethereum on the Rise

Key Takeaways Despite geopolitical tensions, Bitcoin hits a remarkable $71,500, reflecting market adaptability. Passage of the U.S. CLARITY…

Morning News | NYSE parent company invests in OKX; Morgan Stanley provides $500 million loan to Core Scientific; Western Union partners with Crossmint to launch stablecoin USDPT

March 5 Market Important Events Overview