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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/" rel="noopener noreferrer nofollow">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/" rel="noopener noreferrer nofollow">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/" rel="noopener noreferrer nofollow">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 style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-9.png" rel="noopener noreferrer nofollow"><img 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"></a>
 <figcaption>
 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 style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-08-115205.png" rel="noopener noreferrer nofollow"><img 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"></a>
 <figcaption>
 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="noopener noreferrer nofollow">Bitcoin Price Reclaims $54K Level, SUI Explodes 11% Daily (Weekend Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

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

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