Bitcoin Holds Above $93K as SUI Soars 62% Amid Altcoin Rally

Bitcoin (BTC) remained steady above $93,000 on Friday during Asia trading hours, as crypto markets cooled following a week of profit-taking and bullish momentum. Traders remain optimistic, citing strong demand for call options and subdued macroeconomic risks.

QCP Capital highlighted rising sentiment, noting that BTC call options at $95,000 for late April and May expiries are in high demand. This trend suggests short-term bullish bets, with retail traders eyeing a breakout toward the $100,000 level. However, QCP remains cautious, predicting BTC will consolidate in the $90,000–$94,500 range unless new catalysts emerge.

While major altcoins showed mixed performance, Dogecoin (DOGE) and Cardano (ADA) surged over 4%, Shiba Inu (SHIB) jumped 5%, and Solana (SOL) gained 2%. XRP and Binance Coin (BNB) remained mostly flat. The CoinDesk 20 index, tracking top crypto assets, rose 1.2%.

Sui Network’s SUI stood out with a 62% weekly gain, continuing its upward trend. Boosting investor interest is the launch of a Mastercard-powered payment card by ecosystem partner xPortal. Additionally, the Sui blockchain’s total value locked (TVL) surpassed $1.6 billion, marking a 9% increase in 24 hours, according to DefiLlama.

Sui’s decentralized exchange (DEX) also saw significant activity, reaching $599 million in 24-hour trading volume, up 35% from the previous week. These metrics reinforce SUI’s growing momentum and utility within the DeFi ecosystem.

As markets await a breakout moment for BTC, traders are closely watching Sui and other outperforming altcoins, which continue to show strong ecosystem development and trading volume. Crypto investors remain cautiously optimistic in a macro environment that currently supports stability and potential upside.