Struggling to rebound from the bear trap, the crypto market remains under pressure, with assets deep in the red. Notably, the Fear and Greed Index holds at 35, reflecting widespread fear. The altcoin SUI has plunged by over 7.58%. SUI has undergone a sharp price drop, falling from its all-time
A 6.11% pullback in the crypto market cap mirrored the drop in asset prices, which fell back to their established lows. Market volatility caused sharp price swings, with SUI suffering a loss of over 13.45% among altcoins. The altcoin’s price broke and recovered slightly to retest on the upside, which
The cryptocurrency market has sunk to a bearish trend this past week just hours after inspiring a bull run that reclaimed Bitcoin above $100K. The recent price drop has caused the altcoin sector to show declines as well. Meanwhile, SEC chair Gary Gensler, who is set to resign this month,
As 2024 came to a close with some disappointment for Ethereum enthusiasts, who hoped for its price to reach new highs alongside Bitcoin’s rally, other Layer 1 blockchains are beginning to take the spotlight. Among them, Solana (SOL) and SUI (SUI) are gaining significant attention for their impressive performance in
The Sui Network faced an outage lasting over an hour on November 21, resulting in a 5% drop in the SUI price. This incident highlights concerns about the blockchain’s reliability and the volatility it can trigger in the crypto market. The disruption started at 09:15 UTC and lasted more than
