Bitcoin has recovered by around $5,000 after falling below the $100,000 mark, with a rebound. In the altcoin market, Sui (SUI) showed strength, rising by 9%.
Bitcoin rose to $106,500 earlier this week but subsequently declined after encountering resistance. Even with the news of the European Central Bank's (ECB) interest rate cut, it failed to break through the $106,000 level.
Particularly, as the online dispute between Elon Musk and Trump intensified, Bitcoin's price plummeted to $100,400. Fortunately, strong buying pressure emerged, allowing it to rebound to $105,500 on Friday afternoon.
Currently, Bitcoin is trading below $105,000 but is up 2% from the previous day. Its market capitalization has recovered to $2.08 trillion, maintaining a 61.5% share of the entire cryptocurrency market.
In the altcoin market, most coins that had declined on Friday successfully rebounded. However, Ethereum (ETH) still hasn't recovered the $2,500 level. XRP is trading at $2.17, up 2%, while BNB, SOL, Doge, and ADA have recorded similar levels of increase.
Sui (SUI) surged by approximately 9%, rising to the $3.25 level. In contrast, HYPE is trading around $34, down 2%. The total cryptocurrency market capitalization has increased by over $50 billion from its previous low, currently standing at $338 billion.
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