Altcoin News Official TheBitTimes.com

Sui (SUI), a promising layer-1 blockchain, has been showcasing impressive market performance. In the past week, Sui’s price has exhibited notable growth, contrasting the sideways movement seen in many other cryptocurrencies. With the integration of the Mysticeti Consensus Protocol, which dramatically improves transaction speeds, and the recent introduction of Grayscale’s Sui Trust, investors’ confidence in Sui continues to strengthen. SUI Key Statistics Current Price: $1.106 Market Cap: $2.99 billion Trading Volume (24h): $507.97 million Circulating Supply: 68 billion SUI Total Supply: 10 billion SUI CoinMarketCap Ranking: #27 The current price dynamics suggest that Sui has risen by 3.75% and 27.15% from its highest points over the last 30 and 7 days, respectively. Additionally, it has surged by 48.45% from its monthly low, indicating robust upward momentum. The notable 70.35% spike in trading volume further underscores heightened interest in the token. ...

Crypto asset manager Grayscale has come under fire after bitcoin saw a significant decline in the wake of the Securities and Exchange Commission’s (SEC) decision to green-light 11 spot bitcoin ETFs earlier this month. It was hoped that the SEC’s decision would see a bitcoin price pump. However, Wall Street’s “buy the rumor, sell the news” adage was once again proved right and instead of pumping, bitcoin has sold off 15% since pre-approval highs. The Grayscale Bitcoin Trust (GBTC) was the first scapegoat in sight. Once the world’s largest hoard, it consistently amassed bitcoin for a decade before it turned into a top bitcoin seller overnight. According to venture capitalist Adam Cochran, GBTC could theoretically sell bitcoin for weeks to come. Indeed, using a simple extrapolation of GBTC’s trailing rate of sales, Cochran noted that it could sell every day through mid-March . At the current pace of selling, $GBTC still has enough assets to do this for another 60 days str...