Cryptocurrencies Price Prediction: Sui, Bitcoin & Crypto – European Wrap 6 December
Sui surges to new all-time high amid Phantom wallet integration, strong on-chain metrics
Sui (SUI) extends its gains on Friday, reaching a new all-time high (ATH) of $4.49 and surging more than 23% so far this week. The main reason behind the rally is Thursday's announcement that Phantom Wallet will integrate with the Sui blockchain.
Liquidations in Bitcoin, altcoins cooling off
The crypto market cap has shrunk to $3.6 trillion, down around 2% in the last 24 hours. The main volatility has been in Bitcoin, with Ethereum affected to a lesser extent and a barely noticeable ripple at the altcoin level. This is a strong signal of a short-term shakeout but not a change in sentiment.
South Korea crisis sparks crypto surge
South Korea’s brief martial law declaration caused market chaos, plunging stocks and sparking a record $34.2B crypto trading surge.
South Korea faced political turmoil last Tuesday when President Yoon Suk Yeol briefly declared martial law, sending shockwaves through the country. Although the decision was quickly reversed, it triggered widespread uncertainty, impacting both the stock and cryptocurrency markets.
Author
FXStreet Team
FXStreet
