The rise in the price of the digital currency SUI and the recovery of Bitcoin's price from its drop below 94 thousand dollars
The price of SUI rose by more than 8%, at a time when Bitcoin experienced a partial recovery after dropping below 94,000 dollars.
The price of Bitcoin declined in the past few hours to its lowest level since early May, recording 93,600 dollars, before rising again by about a thousand dollars.
This decline came after a week in which the leading digital currency saw a noticeable increase, as the price managed to break through a narrow trading range that had lasted for a long time between 93,000 and 95,000 dollars.
The prevailing optimism in the market led to pushing the price towards partial peaks of 97,000 dollars on Thursday and 98,000 dollars on Friday morning, raising expectations of approaching the 100,000 dollar barrier.
However, those expectations soon faded with the return of negative momentum, as the price gradually dropped to 96,000 dollars over the weekend, then to its lowest levels in the morning session today, Monday.
On the alternative currencies front, SUI distinguished itself by achieving the highest daily gains among large market cap assets, as its price rose to about 3.5 dollars after a short corrective wave.
The TAO currency recorded a daily increase of 6%, surpassing the price of 365 dollars, while PEPE, ONDO, LTC, and XMR rose by percentages ranging between 3% and 4%.
