Crypto Update: SEI, Fantom, and SUI Lead the Gainers, While Morocco Moves Toward Legalizing Cryptocurrency
On Wednesday, Bitcoin struggled at $92,000, and Ethereum dropped 7% to $3,343, leading the market downturn. However, mid-cap altcoins like SEI, Fantom, and SUI gained momentum. SUI rose 7.5% after the SUI Foundation partnered with Babylon Labs and Lombard Protocol to integrate Bitcoin staking into its DeFi ecosystem.
On Wednesday, Bitcoin (BTC) struggled to hold the $92,000 support level, while Ethereum (ETH) dropped 7%, falling from $3,546 to $3,343. As BTC and ETH led the market downturn, mid-cap altcoins saw significant demand.
SEI, Fantom, and SUI emerged as the top daily gainers, driven by unique bullish catalysts.
SUI Price Rises 7.5% Following Bitcoin Staking Integration:
On Monday, the SUI Foundation announced a major partnership with Babylon Labs and Lombard Protocol, introducing Bitcoin staking to the network’s DeFi ecosystem, fueling a surge in SUI's price.
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