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OP, the native token of a Layer-2 Ethereum scaling solution Optimism, is seeing strong 10% upside, following the latest listing on South Korea’s crypto exchange Upbit. This new listing has resulted in a massive liquidity boost, pushing the Optimism price above $0.80 with daily trading volumes shooting 200% to more than $340 million. Optimism Price
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With the FOMC meeting only four days away, BlackRock CIO Rick Rieder has added his voice to the calls for lower interest rates. Rieder argued that a Fed rate cut will usher in lower house prices and reduce inflation rates as the screws tighten around Fed Chair Jerome Powell. BlackRock CIO Pushes For Fed Rate
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Sui Network (SUI) has hit a new milestone, with its total value locked (TVL) surging to new highs of over $2.1 billion.
This explosive growth is due to strong stablecoin inflows and heightened market momentum fueled by its recent partnership with tech giant Microsoft.
Data on DefiLlama shows Sui TVL stood at $2.107 billion as of this writing. It is up by over 104% since its yearly lows of $1.031 billion recorded in March, with the growth signaling increasing user participation, market confidence, protocol growth, and liquidity.
In the same way, data on Artemis shows that on Tuesday, the Sui Network led all blockchains in stablecoin inflows over the past 24 hours. Specifically, the total stablecoin supply on the network exceeded the $1 billion mark.
“Sui Network tops the charts with $148 million net stablecoin inflows in the past 24hrs,” wrote Adeniyi Abiodun, Mysten Labs co-founder and CPO, in a Tuesday post.
Mysten Labs is the creator of the Sui blockchain, a Layer 1 platform focused on high throughput and low latency.
Meanwhile, the volume of weekly decentralized exchange (DEX) has also reached new highs. This suggests a sharp uptick in user activity and liquidity across the Sui ecosystem.
“Sui hits new all-time high in weekly DEX volume,” on-chain analyst ToreroRomero observed in a post.
A broader narrative of enterprise adoption underpins this bullish market structure. During Microsoft’s Build conference, Sui was named one of the first blockchains to integrate with Microsoft Fabric via data indexing platform Space and Time.
This integration enables Microsoft’s vast developer ecosystem to access Sui’s full-chain history in real-time. The move paves the way for a new wave of institutional-grade blockchain applications.
“Just announced at MSBuild: Space and Time indexed blockchain data will be integrated with Microsoft Fabric. As part of the integration, Microsoft developers will be able to access Space and Time indexed data from Bitcoin, Sui Network, and Ethereum through Fabric,” said Space and Time in a statement.
MySten Labs executive Adeniyi Abiodun emphasized the long-term vision, projecting Sui blockchain’s growth in the next five years.
“Mark my words, by 2030, in-game ownership will be baked into every major game out there and Sui Network will be the backbone making it all happen,” Abiodun predicted.
Technical market signals also reflect the bullish fundamentals. According to Rose Premium Signals, SUI’s price action remains strong despite a current pullback.
“Sui is holding its Inverse Head & Shoulders breakout. After breaking the neckline around $3.65–$3.75, the price pushed up to $3.94 and is now pulling back, retesting the breakout zone….Targets remain: 1st Target: $4.76, 2nd Target: $5.67. Holding above $3.65–$3.70 confirms strength,” they wrote on X.
At the time of writing, SUI is trading around $3.87, down by 0.22% in the last 24 hours. According to the analysts, however, a drop below $3.60 could invalidate the pattern, but for now, sentiment remains decisively positive.
Investor interest in Sui continues to grow, with notable figures such as macro investor Raoul Pal stating that over 70% of his portfolio is currently allocated to Sui.
With surging TVL, institutional-grade partnerships, and accelerating developer adoption, Sui appears well-positioned for continued expansion.
The post SUI TVL Rises as Microsoft Integration Sparks Institutional Momentum appeared first on BeInCrypto.
Bitcoin (BTC) has been on a downtrend since February 21, dropping 23% in less than 18 days. Despite this bearishness, a veteran trader and analyst explains his ideal scenario for a Bitcoin price bottom and a bullish reversal that leads to a $100,000 revisit.
Due to the 23% crash in Bitcoin price from a high of $99,431 to $76,560, the outlook for crypto markets has been bearish, at least until BTC forms a potential bottom. RektProof, a veteran trader who turned $500 to nearly $360K, posted his thoughts on a potential Bitcoin bottom.
According to this expert, Bitcoin price will likely form a bottom in the high time frame demand zone, extending from $73,000 to $65,000. This means that RektProof is expecting another leg down, i.e., after the sweep of the recently formed local high of around $83,000.
Analyst’s Ideal Scenario For Bitcoin Price Bottom Before $100,000 BTC/USDT 1-hour chart
To predict Bitcoin price targets after a potential bottom formation, the analyst considers the 21% price swing between February 28 and March 2, extending from $78,200 to $94,984. A sweep of $78,200 into a high time frame demand zone could lead to a rally that revisits roughly $95K.
However, this is the short-term Bitcoin price rally that the analyst is expecting. From a long-term perspective, RektProof expects a dip into the HTF demand zone to be a bottom that leads to a new all-time high of $130,000.
So, the expert forecasts two Bitcoin price targets, one at $95,000 and the other at $130,000.
According to a researcher and analyst, CNO, the bottom is still not in and indicates that the “(crypto) market is still hedged for downside.” CNO sends a warning signal for eager bulls, indicating that there might be another flush to the downside before Bitcoin price reenters the $85,000 to $95,000 range.
The basis for his prediction is options data that measures the call and put options pricing over time to gauge market sentiment and potential price direction.
In other tweets, CNO highlights that this flush will likely occur in the next few days due to the blood moon lunar eclipse that will catalyze heightened volatility for crypto markets, including BTC’s value.
So, the overall Bitcoin price forecast from two analysts suggests another temporary but downside move that could lead to a bottom formation before BTC price targets $100K or a new ATH at $130K.
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