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Bitcoin has finally calmed after the recent enhanced volatility and stands relatively stable at $26,000.
The altcoins have turned green on a daily scale today, with BNB recovering 5% since yesterday&#8217;s multi-month low.
<h2 id="btc-back-at-26k">BTC Back at $26K</h2>
Last week was highly volatile for the primary cryptocurrency, which dumped by over $1,500 on Monday as the SEC sued Binance. When the regulator took things a step further on Tuesday by going after Coinbase, BTC took another slight dip to a multi-month low of under $25,400.
Surprisingly, the asset went on a tear in the following hours and shot up by $2,000. That was short-lived, though, as it returned to around $26,500 rather quickly where it stood for the rest of the working week.
As the weekend approached, bitcoin took another dive and dropped all the way back down to $25,500. It tried to recover most losses on Monday but was halted in its tracks at $26,200. The past 24 hours have been relatively quiet, with BTC trading at around $26,000.
Its market capitalization has managed to increase to above $500 billion, while its <a href="https://cryptopotato.com/altcoins-crash-double-digits-bitcoin-dominance-soars-market-watch/" data-wpel-link="internal">dominance</a> over the altcoins stands still at just under 48%.
<figure id="attachment_254976" aria-describedby="caption-attachment-254976" style="width: 1834px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/06/BTCUSD-10.png" data-wpel-link="internal"><img class="size-full wp-image-254976" src="https://cryptopotato.com/wp-content/uploads/2023/06/BTCUSD-10.png" alt="BTCUSD. Source: TradingView" width="1834" height="907" srcset="https://cryptopotato.com/wp-content/uploads/2023/06/BTCUSD-10.png 1834w, https://cryptopotato.com/wp-content/uploads/2023/06/BTCUSD-10-300x148.png 300w, https://cryptopotato.com/wp-content/uploads/2023/06/BTCUSD-10-1024x506.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/06/BTCUSD-10-768x380.png 768w, https://cryptopotato.com/wp-content/uploads/2023/06/BTCUSD-10-1536x760.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/06/BTCUSD-10-50x25.png 50w" sizes="(max-width: 1834px) 100vw, 1834px" /></a><figcaption id="caption-attachment-254976" class="wp-caption-text">BTCUSD. Source: TradingView</figcaption></figure>
<h2 id="alts-turn-green">Alts Turn Green</h2>
Most altcoins suffered a lot more than BTC during last week&#8217;s massacres, which was expected given the fact that quite a few of them were classified as unregistered securities in the SEC&#8217;s lawsuits.
Binance Coin is a prime example. It traded above $315 a week ago and dumped to a<a href="https://cryptopotato.com/binance-coin-bnb-dumps-to-6-month-low-bitcoin-btc-fails-at-26k-market-watch/" data-wpel-link="internal"> six-month low</a> of $222 registered yesterday. Now, though, BNB is up by 5% on a daily scale and trades at $235.
The rest of the larger-cap alts are also in the green. Ethereum, <a href="https://cryptopotato.com/ada-sol-shib-recover-8-following-saturdays-crash-xrp-reclaims-0-5-weekend-watch/" data-wpel-link="internal">Cardano</a>, Dogecoin, Solana, and Polygon have jumped by up to 2%, while XRP, TRX, LTC, DOT, AVAX, and SHIB have added over 3% in a day.
More impressive daily gains come from the likes of UNI, ICP, HBAR, FIL, ARB, and ALGO &#8211; all of which have increased by 5% or more.
SUI has shot up the most from the lower-cap alts, having soared by more than 15% in the past day.
In total, the crypto market cap has managed to recover $10 billion in a day and is up to $1.060 trillion.
<figure id="attachment_254977" aria-describedby="caption-attachment-254977" style="width: 1877px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/06/Allcoins-3.png" data-wpel-link="internal"><img class="size-full wp-image-254977" src="https://cryptopotato.com/wp-content/uploads/2023/06/Allcoins-3.png" alt="Cryptocurrency Market Overview. Source: Quantify Crypto" width="1877" height="884" srcset="https://cryptopotato.com/wp-content/uploads/2023/06/Allcoins-3.png 1877w, https://cryptopotato.com/wp-content/uploads/2023/06/Allcoins-3-300x141.png 300w, https://cryptopotato.com/wp-content/uploads/2023/06/Allcoins-3-1024x482.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/06/Allcoins-3-768x362.png 768w, https://cryptopotato.com/wp-content/uploads/2023/06/Allcoins-3-1536x723.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/06/Allcoins-3-50x24.png 50w" sizes="(max-width: 1877px) 100vw, 1877px" /></a><figcaption id="caption-attachment-254977" class="wp-caption-text">Cryptocurrency Market Overview. Source: Quantify Crypto</figcaption></figure>
The post <a href="https://cryptopotato.com/sui-explodes-16-daily-bitcoin-shaky-at-26k-market-watch/" rel="nofollow">SUI Explodes 16% Daily, Bitcoin Shaky at $26K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

SUI Explodes 16% Daily, Bitcoin Shaky at $26K (Market Watch)

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