Sui price tests support near $3.10 as traders eye recovery amid rising institutional demand

Bitcoin's price has dropped below $110,000 as inflation accelerates, raising concerns among traders about the Federal Reserve's potential response. This decline in the crypto markets highlights the impact of macroeconomic uncertainty on digital currencies, prompting institutions to take profits. Understanding these market dynamics is crucial for investors as they navigate the volatile landscape of cryptocurrencies.

Thumzup Media's recent $10 million stock buyback and entry into Dogecoin mining have reignited interest in DOGE, sparking hopes for a price rally. Traders are closely monitoring the price movements, especially as DOGE has recently retraced to a critical demand zone aligned with the 200-day exponential moving average. This area is pivotal for determining whether a significant upward trend will occur, making it an exciting time for Dogecoin enthusiasts.

Ethereum is currently hovering around $3.9K after a volatile week, but there's optimism in the air with the upcoming Fusaka upgrade. Set for a December hard fork, this upgrade promises to introduce PeerDAS and other scaling improvements, which could significantly enhance Ethereum's performance. As the testnet activation approaches in early October, traders are hopeful that these developments will help overcome current market uncertainties and lead to a price breakout.

In a surprising move amidst a market selloff, an OTC whale has purchased 60,333 Ethereum for $238.7 million, signaling confidence in the cryptocurrency despite its recent decline below $4,000. This significant buy comes as Ethereum faces intense selling pressure, with traders remaining cautious about its ability to find support. The whale's investment could indicate a potential rebound for ETH, making it a noteworthy development for investors and enthusiasts alike.

MrBeast's recent investment in Aster, a cryptocurrency that has skyrocketed over 6,000% since its launch, highlights the growing interest in innovative projects within the crypto market. This surge comes at a time when the broader market is experiencing a corrective phase, making Aster's rapid rise even more significant. As traders and investors worldwide take notice, it signals a strong appetite for new opportunities in the digital currency space.

Aster has taken a proactive step by reimbursing traders affected by a glitch in the XPL perpetual trading system, which inadvertently caused liquidations and sent the price down to $4. This incident highlights the importance of reliability in cryptocurrency trading platforms, especially as Aster's decentralized exchange (DEX) achieved record daily trading volumes exceeding $100 billion. By addressing the issue promptly, Aster not only mitigates potential losses for its users but also reinforces trust in its platform, which is crucial in the volatile world of digital assets.

Ethereum has dropped below the $4,000 mark for the first time since early August, reflecting a significant change in market sentiment. This decline of nearly 20% since mid-September has left traders worried about future movements. While the broader market correction raises concerns, some analysts believe this could be a necessary reset, potentially paving the way for future growth. Understanding these shifts is crucial for investors as they navigate the volatile crypto landscape.

SUI is currently testing a critical support level after experiencing an 8% drop, raising questions about its future direction. Analysts are closely watching this situation, as the outcome could significantly impact SUI's price movement. This is particularly important for investors and traders in the cryptocurrency market, as it highlights the volatility and potential risks associated with altcoins.

Bitcoin's price has taken a significant hit, dropping below $112,500 and raising concerns among traders about its future. As it consolidates losses, there's a possibility it could test the $108,500 support zone. This decline is notable as it indicates a bearish trend, with resistance levels forming at $110,500 and $113,000. Understanding these movements is crucial for investors as they navigate the volatile cryptocurrency market.

Bitcoin has dipped below $109,000, reaching a three-week low, as traders prepare for a significant $22 billion options expiry this Friday. This situation is noteworthy because the expiry could potentially trigger a rebound in Bitcoin's price, offering traders a chance to capitalize on market movements. Understanding these fluctuations is crucial for anyone involved in cryptocurrency trading.

SUI and t'order are set to revolutionize payments in Korea by introducing a KRW stablecoin, which will enable low-fee transactions for 35 million users. This initiative not only enhances convenience for consumers but also provides crucial support for small businesses, making it a significant step towards modernizing the payment landscape in the region.

XRP has recently stalled near the $3 mark as traders prepare for the next significant move in the cryptocurrency market. This pause in price action is crucial as it indicates a moment of consolidation, allowing traders to reassess their strategies. Understanding these fluctuations is important for investors looking to navigate the volatile landscape of digital currencies.

BounceBit Prime has achieved a significant milestone by surpassing $1.5 billion in cumulative volume, largely thanks to the support from Franklin Templeton's Benji token. This achievement is notable as it reflects growing confidence in the platform, especially with its vault reaching a total value locked of $10 million. Such developments are crucial in the ever-evolving cryptocurrency landscape, indicating a positive trend for investors and users alike.

SoftBank and Ark Invest are reportedly in talks to join Tether's significant funding round, aiming to raise between $15 billion and $20 billion for a 3% equity stake. This move could elevate Tether's valuation to $500 billion, highlighting the growing interest in stablecoins and their potential impact on the cryptocurrency market. Such investments not only bolster Tether's financial standing but also signal confidence from major players in the future of digital currencies.

Cango has successfully mined 141 Bitcoin this week, bringing its total holdings to an impressive 5,708 BTC as of September 26. This achievement is a significant step in their 2025 strategy, showcasing their commitment to expanding their cryptocurrency portfolio. The rise in Bitcoin holdings not only reflects Cango's operational success but also highlights the growing importance of cryptocurrency in the financial landscape.

The UK is embarking on an exciting new chapter in banking and digital payments with the launch of a two-year pilot program for a digital pound. UK Finance, representing over 300 financial institutions, is spearheading this initiative alongside six major banks, including Barclays and HSBC. This pilot aims to test tokenized deposits in pounds, which could revolutionize how we think about money and transactions. It's a significant step towards modernizing the financial landscape and could enhance the efficiency and security of payments in the UK.

SWIFT has launched an exciting blockchain test run with major global banks like BNY Mellon and BNP Paribas, aiming to migrate its core messaging system to ConsenSys' Ethereum layer-2, Linea. This initiative is significant as it showcases the growing adoption of blockchain technology in traditional banking, potentially enhancing transaction efficiency and security. As financial institutions explore innovative solutions, this collaboration could pave the way for a more interconnected and modern banking system.

Bitcoin and several major altcoins are attempting to initiate a recovery, but analysts suggest they may face considerable selling pressure as prices rise. This situation is crucial for investors to monitor, as it could indicate the market's overall health and potential future trends.