The newly-launched SUI token experienced enhanced volatility in its first day of trading.
Although BTC remained relatively flat immediately after yesterday’s FOMC meeting, the asset spiked in the following hours and reclaimed $29,000.
The altcoins have also turned green with minor daily increases. FTM has jumped the most from the mid-cap alts.
BTC Bounces Back Above $29K
As April was coming to its end, bitcoin initiated a leg up that drove it to $30,000. However, the bears intercepted the move and pushed the asset south hard. As such, BTC found itself slipped to $27,600 just a few days later.
As of now, the asset trades inches above $29,000, and its market capitalization is just north of $560 billion. Its dominance over the alts has also risen a bit to 47.1% on CMC.
SUI’s Rollercoaster
The alternative coins, despite being more volatile by nature, have also remained relatively calm after the Fed’s latest interest rate hike. Ethereum is among the most substantial gainers from the top 10, having jumped by 2%. As a result, ETH now stands at $1,900.
Binance Coin, Cardano, Dogecoin, Polygon, Solana, Polkadot, Shiba Inu, and Avalanche are also slightly in the green on a daily scale.
Overall, the total crypto market cap has neared the $1.2 trillion mark after gaining around $15 billion daily.