Bitcoin Eyes $95K, SUI Token Sees Continued Surge as Bullish Momentum Builds
After an eventful week of price fluctuations, the crypto market has stabilized, with Bitcoin (BTC) holding steady above $93,000 in Friday’s Asian trading session. Traders are increasingly optimistic about Bitcoin’s short-term price prospects, with many eyeing a potential move towards $95,000.
“BTC’s firm positioning above the $90K mark has created an optimistic market environment,” QCP Capital shared in a recent Telegram update. “Significant call option activity at the $95K strike for end-April and end-May expirations highlights a growing appetite for further upside.”
Call options—contracts that give buyers the right, but not the obligation, to purchase an asset at a specified price before a set deadline—are seeing high demand at the $95,000 strike, signaling that traders expect Bitcoin to cross this threshold in the near future.
While the broader market remains cautious of macroeconomic factors, QCP Capital remains bullish, noting that Bitcoin is likely to consolidate within a narrow range of $90K to $94.5K until the next breakout toward the coveted $100K level.
Other major cryptocurrencies saw varied performances, with XRP and BNB (BNB Chain) staying flat, while Solana’s SOL gained 2%. Dogecoin (DOGE) and Cardano (ADA) surged over 4%, and Shiba Inu (SHIB) posted a 5% gain. The CoinDesk 20, a broad index tracking the largest cryptocurrencies, rose by 1.2% overall.
In contrast, Sui Network’s SUI token continued its impressive rally, bringing its weekly gains to more than 62%. The catalyst for the surge is the launch of xPortal, a Mastercard-supported payment card that further integrates the Sui ecosystem into everyday finance.
The Sui Network’s decentralized finance (DeFi) space is also seeing rapid growth, with total value locked (TVL) now surpassing $1.6 billion—an increase of over 9% in just 24 hours. The decentralized exchange (DEX) on the Sui Network also reported a 35% rise in 24-hour trading volume, hitting $599 million, signaling growing interest in the platform’s offerings.
