Crypto market gains $88 billion as Bitcoin nears $95,000 and Sui jumps

Beincrypto reports the total crypto market cap rose by $88 billion over 24 hours, pushing the aggregate value to about $3.18 trillion.

Bitcoin gained more than 2.5% and was trading near $93,875 after breaking above the $93,471 resistance, putting price action within reach of the $95,000 level. Altcoins led broader gains: Sui surged nearly 15%, trading near $1.94 and testing resistance at $1.96 with a move toward $2.00 possible. Market optimism followed Japan’s public endorsement of crypto as an inflation hedge and the finance minister calling 2026 the “Digital Year,” which the report said likely encouraged capital inflows. The piece also noted Bitmine Immersion Technologies reported holding 4.14 million ETH (about $13.2 billion), representing 3.43% of Ethereum’s supply, with 779,000 ETH actively staked.

Analysts flagged near-term risks: $3.16 trillion may act as support for the total market but a loss could prompt a retracement toward $3.09 trillion. Short-term profit-taking could push Bitcoin back below $93,471 toward $91,511, and Sui could retreat to $1.75 if inflows weaken. The article states this price analysis is for informational purposes and should not be considered financial or investment advice.

Key Topics

Crypto, Bitcoin, Sui, Ethereum, Bitmine Immersion Technologies, Japan