The post SUI Explodes to New ATH Above $5, BTC Price Stopped at $99K (Weekend Watch) appeared on BitcoinEthereumNews.com.

Bitcoin’s price resurgance continued in the past 24 hours as the asset jumped to a multi-week peak of $99,000 before it was stopped and pushed south by around a grand. Many altcoins have posted impressive gains within the same timeframe, with ETH trading well above $3,500, while DOGE skyrocketed by double-digits. BTC Eyed $99K Ever since the mid-December crash, BTC was unable to recover most losses and has remained well below $100,000. Moreover, it plunged to a monthly low of $91,300 on Monday, December 30, with bears anticipating another leg down to under $90,000. However, the bulls finally stepped up at this point and didn’t allow such a drop. Not without some more struggles, BTC managed to bounce off and jumped to $96,000 on December 31. It faced another rejection there, which drove it to $93,000, but this time, it reacted better and started to reclaim some ground in a more impressive manner. As the new year arrived, bitcoin jumped to over $97,000 on January 2 and kept climbing in the past 24 hours to its highest level since December 26 of $99,000. Still, it failed there and was pushed down to around $97,000 as of now. Its market capitalization has risen to $1.940 trillion after the recent recovery, while its dominance over the alts has taken another hit and is down to 53.3% on CG. Bitcoin/Price/Chart 4.1.2025. Source: TradingView SUI Sees New ATH The alternative coins have registered impressive gains over the past day as well. ETH, which had struggled below $3,500 for weeks, is well above that level after a 4.5% daily surge. SOL, XRP, ADA, AVAX, TRX, and TON are also in the green. LINK and SHIB have jumped by around 5-7%, while DOGE skyrocketed by 14% and sits close to $0.39 after a minor retracement from…

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Filed under: News - @ January 4, 2025 9:23 am