SUI Soars by 9% Daily as BTC Price Rebounds by $5K (Weekend Review)

Bitcoin (BTC) price fell below $100,500 yesterday, but managed to stay out of the five-digit range. This was followed by significant gains in many altcoins, especially SUI which surged by nearly 9%. BTC's price hit $106,500 a few times early in the week, but a series of rejections pushed it down by approximately $2,000.

After the European Central Bank slashed interest rates to 2%, BTC rose again, only to experience a sell-off triggered by a feud between Elon Musk and Donald Trump. Despite the setback, BTC managed to recover to $105,500 on Friday, and is now just below $105,000, marking a 2% increase on the day. Meanwhile, the overall crypto market cap has risen by over $50 billion since yesterday's low, exceeding $3.380 trillion.