Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

SUI surges as Bitcoin, Ethereum, and XRP stay stable 

by October 14, 2024
October 14, 2024
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.

Read more:
SUI surges as Bitcoin, Ethereum, and XRP stay stable 

0
FacebookTwitterGoogle +Pinterest
previous post
Comparing White-Label Casino vs. Custom Solutions from iGaming Software Providers
next post
Promo Codes for CSGORoll: Unlocking Exclusive Rewards and Enhancing Your Gaming Experience

You may also like

Dyson to open £100m technology centre in Bristol

May 3, 2023

Barclays profits fall less than expected as turnaround...

April 25, 2024

A guide to the new Employment Rights Bill:...

October 14, 2024

Net migration set for record high as Tories...

May 15, 2023

Ministers warned copyright law ‘failing’ as AI firms...

February 2, 2024

Crypto firms spend £1.9bn on sports sponsorships

August 8, 2022

How your company can benefit from business car...

June 13, 2023

UK SMEs focus on growth initiatives for 2025...

December 6, 2024

Comparing online and land-based casino industries

September 12, 2022

Aston Martin boss Vows to Continue Petrol Car...

April 11, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved