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Cryptocurrencies Price Prediction: Sui, Bitcoin & Crypto – European Wrap 6 December

FXStreet Team FXStreet

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.

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FXStreet Team

FXStreet

Crypto market dips as Senate postpones market-structure bill discussion after Coinbase withdrawal

The cryptocurrency market trades in the red on Thursday after the US Senate Banking Committee (SBC) postponed discussions on crypto market structure following Coinbase's withdrawal of support due to multiple issues.

Axie Infinity Price Forecast: AXS slides 7% as exchange netflow hits 3-year high

Axie Infinity price slides more than 7%, trading below $1.12 on Thursday, after a massive surge earlier this week. The bearish sentiment strengthens as AXS’s exchange netflow hits a 3-year high, alongside negative funding rates and rising short bets, all of which hint at a short-term price pullback.

Top Crypto Gainers: Dash, Internet Computer, Pump.fun rally approach crucial levels

Dash (DASH), Internet Computer (ICP), and Pump.fun (PUMP) are the top-performing crypto assets over the last 24 hours. DASH and ICP secured double-digit gains on Wednesday, while PUMP marked its fourth day of recovery.

Bitcoin shows strong correlation with institutional demand following 7% uptick

Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.

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Bitcoin: Early-2026 rally falters as BTC investors await key catalyst

Bitcoin (BTC) is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds (ETFs) have recorded net outflows so far this week.