SUI Soars Another 6%, BTC Price Struggles at $64K as Uptober Begins (Market Watch)

Bitcoin Price Recovers, Enters Uptober

Bitcoin is exhibiting bullish momentum in its historically favorable month. Despite briefly dipping below $63,000 earlier today, it has since recovered and currently hovers around $64,000.

Altcoin Market Overview

While Ripple (XRP) and Dogecoin (DOGE) have experienced notable losses in the past 24 hours, other altcoins such as SUI, NEAR, and UNI are performing well in the green.

SUI's Notable Rise

SUI has emerged as the top performer among large-cap altcoins, posting an impressive 6% gain since yesterday. Its price has reached a multi-month high of over $1.85.

Other Altcoin Gains

Other altcoins exhibiting strong gains include POPCAT (11%), WIF (8%), FTM (8%), and HNT (8%).

Market Analysis

The total cryptocurrency market capitalization remains relatively stable at $2.370 trillion. Bitcoin's dominance over altcoins has decreased to 53.4%.

Bitcoin/Price/Chart 01.10.2024

[Image of Bitcoin price chart from TradingView]

Cryptocurrency Market Overview

[Image of cryptocurrency market overview from QuantifyCrypto]