Crypto Today: Bitcoin, Ethereum and XRP consolidate as SUI continues impressive run.

Bitcoin, Ethereum, and XRP are currently consolidating, with Bitcoin hovering around $63,600, Ethereum bouncing off its $2,595 support, and XRP moving horizontally around $0.589 ¹. This consolidation phase might be due to profit-taking by holders and mild Bitcoin ETF net inflows of $4.5 million ¹.

Meanwhile, SUI is on an impressive run, with a monthly gain of 65% following key updates within its ecosystem ¹. Its total value locked (TVL) has exceeded $600 million, surpassing Toncoin's $542 million and Bitcoin's $516 million ². SUI's exceptional transaction speed, ten times faster than Solana's, has earned it the nickname "Solana killer" ².

*Key Market Movers:*

- _Bitcoin_: Consolidating within the $62,000 and $64,700 key levels ¹

- _Ethereum_: Trading within key rectangle channels, testing the $2,595 support before bouncing toward the $2,630 level ¹

- _XRP_: Consolidating around the $0.589 level, awaiting a breakout ¹

- _SUI_: Surpassing Bitcoin and Toncoin in TVL, with a growing open interest and trading volume ²

*Market Sentiment:*

The current market sentiment is neutral to bullish, with investors awaiting further upside movement ¹. The reduction in China's reserve requirements ratio (RRR) by 50 basis points is expected to stimulate the economy, potentially benefiting the crypto market ¹.