- Bitcoin has surged past $94,000, marking a strong recovery from its early April crash and reigniting bullish momentum across the crypto market.
- Leading the altcoin rally, SUI has soared nearly 30% in 24 hours, emerging as the top-performing asset amid a $200 billion market cap boost.
The cryptocurrency is showing signs of life this week as digital assets record green bars. Bitcoin has led the charge as altcoins follow suit. The beginning of April saw the crypto market between a rock and a hard place, now the crypto titan (BTC) has surged past the $94,000 mark for the first time since early March.
As a ripple effect, this surge has triggered renewed investor confidence across the board. Notably, among the tokens which have benefited from BTC’s surge is SUI, which has skyrocketed by an impressive 25% in just 24 hours.
Bitcoin’s Recovery
Bitcoin’s recent performance marks a remarkable recovery from it’s five-month low of under $75,000. This hit coincided with the U.S. tariff-driven crash on April 7 and 9. The crypto giant lost nearly $20,000 in value at the time, rattling markets and triggering widespread sell-offs.
However, recent developments including a pause on new tariffs for most countries, have majorly helped stabilize global sentiment fueling BTC to rebound.
After consolidating around $84,000 over the weekend, Bitcoin began a strong upward movement at the start of the week. By Monday, it had surpassed $87,000 and continued its ascent, finally breaking above the $90,000 level before topping $94,000 earlier today. Bitcoin’s market capitalization now sits at a staggering $1.87 trillion, with its dominance over altcoins holding strong at 61%.
At the time of press, the digital asset is swapping hands with $93,690.98 after a 5.82% surge in the past 24 hours.
UI Leads Altcoin Rally With Nearly 30% Surge
While Bitcoin has reclaimed the spotlight, it’s the altcoin market that has truly come alive in the wake of BTC’s rally. Ethereum (ETH) jumped 10% to hit a multi-week high of $1,800, while other top assets like ADA, DOGE, AVAX, LINK, and SHIB all posted double-digit gains.
But it was SUI that stole the show.
SUI has surged by nearly 30% in the past 24 hours, reaching close to the $3 mark. This explosive growth positions SUI as the top-performing altcoin of the day, outpacing even larger market-cap competitors. The rally could signal growing investor confidence in SUI’s long-term potential, especially as market sentiment turns bullish again.
At the time of press, SUI is swapping hands with $2.89 marking a 25.49% surge in the past 24 hours.
Market Outlook: Bullish Momentum Builds
Other notable altcoins such as XRP, SOL, HBAR, TON, and LTC are also trending higher, albeit with more modest single-digit gains. The overall crypto market cap has risen by approximately $200 billion in the last day alone, now sitting above $3.05 trillion.
The combination of Bitcoin’s continued strength and the resurgence of altcoins like SUI is fueling optimism across the industry. If current momentum holds, the market could be on the brink of a broader breakout as traders and investors re-enter with confidence.