SUI surges as Bitcoin, Ethereum, and XRP stay stable

Nowadays, the crypto market is showing mixed trends, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding steady, while SUI is seeing huge gains.

BTC is trading around $63,600, ETH has bounced back from a key support level, and XRP is stable at $0.589. However, SUI has jumped by 65% over the last month, driven by exciting updates in its ecosystem.

Bitcoin price stability

Bitcoin is trading at about $63,600, which means it is stable. The price is moving within a range of $62,000 to $64,700. Recent data suggests that some holders are taking profits, which may be why the price is steady. There has also been a mild inflow into Bitcoin ETFs, with about $4.5 million in the market. This shows that some investors still believe in Bitcoin’s future.

Ethereum performance

Ethereum is also doing well. It bounced back from a support level of $2,595 and is now moving toward $2,630. If it can hold this support, it might rise to the next level at $2,817. However, Ethereum ETFs have faced big outflows, losing $79.3 million on Monday, the highest outflow since July, which has affected various industries including crypto betting sites like Sportsbet.io and its bettors.

XRP’s price

XRP is trading around $0.589, showing a similar lack of movement as the rest of the crypto market. If XRP can return to the important level of $0.600, it could gain momentum.

Crypto tied to U.S. financial changes

This lack of reaction shows how Bitcoin is becoming more linked to U.S. financial policies. As banks worldwide ease their rules, the crypto market may grow. Traditionally, the last quarter of the year has been strong for crypto coins, with Bitcoin and Ethereum providing average returns of 88.84% and 23.29%, respectively.

Moreover, there are also concerns about BlackRock’s Bitcoin ETF. The firm has reduced the time for on-chain withdrawals and is not showing its balance publicly. Analyst Eric Balchunas mentioned that they want to avoid spam. He explained that they would share this balance with big clients upon request but wouldn’t publish it publicly.

Meanwhile, the prediction marketplace Polymarket is looking for $50 million in a new funding round and is considering launching its own token.

SUI’s strong performance

While BTC and ETH remain steady, SUI is one of the best performers in the crypto market, making it ideal for crypto casino bettors to make a Sportsbet.io deposit. Over the past month, SUI has risen by 65%, including a 7% rise in the past 24 hours. It breaks key levels with a weekly gain of 44%.

The main reasons for SUI’s rise include:

Increased in user activity in its decentralised finance (DeFi) system, with almost $1 billion in locked value
The launch of the Mysticeti feature that speeds up transactions to just 390 milliseconds.
The opening of Grayscale’s SUI Trust to accredited investors, boosting its credibility.

As Bitcoin, Ethereum, and XRP hold their ground, SUI’s gains are a bright spot in the crypto world. The current state of the market shows both strength and potential growth.