Bitcoin bulls pushed the asset to another new monthly high of $64,800, but ultimately failed to continue the rally and retreated by around $1,000.
Chainlink has emerged as the best performing stock among the large-cap stocks today, while SUI continues to rise, posting another double-digit surge.
BTC’s path to $65,000 is blocked again
The major cryptocurrency faced huge volatility last Wednesday after the Federal Reserve met to discuss and ultimately cut the country’s benchmark interest rate by 50 basis points. BTC rose and fell several times, but bulls eventually prevailed and pushed the asset to $64,000 on Friday morning.
After a relatively subdued weekend, Bitcoin (BTC) once again made a push towards $65,000 on Monday. However, bears quickly halted the move and pushed the cryptocurrency down by more than $2,000.
The bulls didn’t stagnate for long, though, as they launched another rally in the last 12 hours or so, pushing BTC to $64,800 once again. However, just like the previous attempt, Bitcoin was unable to break through $65,000 and is currently trading below $64,000.
Its market capitalization on CG has remained around $1.260 trillion, but its dominance over the rest of the market has been further lost, falling to 53.8%.
Bitcoin/Price/Chart September 25, 2024. Source: TradingView
SUI in the headlines
Many of the larger altcoins are now in obscurity. Ethereum and Binance Coin have retraced 1-2%, as has Tron. In contrast, SOL is up by that percentage and is trading at $150. Similar small gains have been seen for DOGE, SHIB, TON, and BCH, among others.
ADA is up 3% and is approaching $0.4. LINK is up 7% and is currently trading at over $12. However, SUI stands out as the best performer among mid-cap altcoins, increasing its daily value by more than 12%. Moreover, the asset is up 45% over the past week, with monthly gains as high as 80%. As a result, it is now priced at $1.75 and is the 26th largest cryptocurrency.
Other stocks with notable daily gains include SEI (24%), POPCAT (9%), and NOT (8%).
The total cryptocurrency market value is close to $2.350 trillion, basically the same as yesterday.
