ETH Spikes in Bullish Reversal, Bitcoin Eyes to Break $100K, SUI Pumps 12%
The cryptocurrency market showcased dynamic movements today, with Ethereum (ETH) leading the charge, following increased whale activity and market optimism. In the bullish reversal, Bitcoin surged to $99K and it is now eying to break $100K price mark while SUI leading top daily gainers with soaring over 10% in the past 24 hours.
Currently, the overall crypto market sentiment carries a cautiously optimistic tone, shaped by fundamental developments and the recent Federal Open Market Committee (FOMC) meeting of May 7, 2025. The FOMC decided to hold interest rates steady at 4.25%–4.5%, with Fed Chair Jerome Powell emphasizing a data-dependent approach amid tariff-driven economic uncertainty and rising risks of higher unemployment and…
