SUI Tops $1, Jumps 24% in 24 Hours
Minseung Kang
Summary
- SUI topped $1 and jumped 24% in 24 hours.
- Bitcoin topped $85,000 intraday, reaching its highest level in about eight months.
- Declines in Brent crude and WTI were cited as a backdrop for easing inflation concerns and improving investor sentiment toward risk assets.
Forecast Trend Report by Period
SUI rose above $1, jumping 24% over the past 24 hours.
Crypto-focused media outlet Odaily reported on September 21 that SUI climbed as high as $1.017 that day. The token was up 24% on a 24-hour basis.
Bitcoin also topped $85,000 during intraday trading the same day, reaching its highest level in about eight months. That helped fuel buying across major altcoins.
Recent declines in Brent crude and West Texas Intermediate prices were also cited as a factor behind improved sentiment toward risk assets, as easing oil prices helped calm some inflation concerns.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.