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Bitcoin’s price tumbled hard on Friday but managed to recover some ground on Saturday and has maintained above $54,000 since then. 
The altcoins have also seen some minor relief increases, with ETH standing close to $2,300 and BNB reclaiming $500. 
<h2 id="btc-maintains-54k">BTC Maintains $54K</h2> 
It was another bearish week for the primary cryptocurrency, even though it headed toward $60,000 on Tuesday. However, the subsequent rejection pushed it south hard, and the asset plummeted to $55,500 by Wednesday. 
Another lower high followed on Thursday, and bitcoin slipped to $55,200 on Friday in anticipation of the US jobs report. Once that <a href="https://cryptopotato.com/bitcoin-price-reacts-to-us-jobs-report-and-declining-unemployment-rate/" data-wpel-link="internal">came out</a> and showed a modest decrease in the unemployment rates, BTC spiked by $1,500 in minutes to $57,000. 
However, that was another short-lived rally that was followed by a <a href="https://cryptopotato.com/150m-in-liquidations-as-bitcoin-btc-price-falls-2-5k-in-minutes/" data-wpel-link="internal">massive drop</a>. In a matter of minutes, BTC dumped by more than four grand and <a href="https://cryptopotato.com/these-altcoins-bleed-out-as-bitcoin-btc-price-fell-by-4k-in-hours-weekend-watch/" data-wpel-link="internal">fell</a> to $52,800. The bulls managed to intervene at this point and began a minor recovery that pushed bitcoin to just over $54,000 on Saturday. 
Since then, the trading action has been mostly sideways, and BTC stands about $500 above it. Being 7% down weekly, though, means that its market cap has slumped to $1.075 trillion, and its dominance over the alts has declined by almost a whole percentage to 53.2% on CG. 
<figure id="attachment_358750" aria-describedby="caption-attachment-358750" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9.png" data-wpel-link="internal"><img class="size-full wp-image-358750" src="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9.png" alt="Bitcoin/Price/Chart 08.09.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-358750" class="wp-caption-text">
 Bitcoin/Price/Chart 08.09.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="sui-takes-main-stage">SUI Takes Main Stage</h2> 
The alts suffered just as badly as BTC in the past week, but most have posted minor gains on a daily scale. ETH is slightly in the green, which has helped it near $2,300, while BNB is up to $505 after a 2% daily increase. 
SOL, DOGE, TRX, and TON have posted similar gains, while ADA is up by 4%. AVAX has soared by 6% daily. However, the biggest gainer from the top 50 alts is SUI, which has skyrocketed by almost 11%. As a result, the token now stands close to $1. 
The total crypto market cap has defended the $2 trillion level (on CG) and is now about $20 billion above it. 
<figure id="attachment_358751" aria-describedby="caption-attachment-358751" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205.png" data-wpel-link="internal"><img class="size-full wp-image-358751" src="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1885" height="829" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205.png 1885w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205-1024x450.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205-768x338.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205-1536x676.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205-50x22.png 50w" sizes="(max-width: 1885px) 100vw, 1885px"></a>
 <figcaption id="caption-attachment-358751" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/bitcoin-price-reclaims-54k-level-sui-explodes-11-daily-weekend-watch/" rel="nofollow">Bitcoin Price Reclaims $54K Level, SUI Explodes 11% Daily (Weekend Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Bitcoin Price Reclaims $54K Level, SUI Explodes 11% Daily (Weekend Watch)

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