The cryptocurrency market is once again showing bullish sentiment, with Bitcoin crossing $90,000. In this environment, altcoins such as SUI and SHIB are capturing attention.
Bitcoin Surpasses $90,000
Bitcoin has finally crossed the $90,000 threshold after a prolonged period of sideways movement. This resurgence is attributed to several factors:
- Renewed institutional interest in the asset. - Active inflows into ETFs despite recent volatility. - Macroeconomic factors, such as easing inflation concerns and a weaker U.S. dollar, contributing to BTC's strength independent of traditional markets.
Politics and Regulations: Changes in the SEC
Significant events are occurring in the political and regulatory landscape:
- The Trump Media & Technology Group is working on launching crypto ETFs, emphasizing the growing interest in cryptocurrencies in the U.S. - Paul Atkins has been appointed as the new SEC Chairman, which may ease regulations and influence investor perceptions towards cryptocurrencies. - Celsius founder Alex Mashinsky is scheduled for sentencing on May 8, signifying efforts to combat misconduct in the space.
Top 3 Altcoins Right Now
1. **SUI – The Underrated DeFi Player** - Current Price: ~$2.45 - Weekly Gain: +12%. - Growth Driver: Total Value Locked (TVL) has surpassed $2 billion, attracting new users.
2. **SHIB – The Meme Coin with Real Momentum** - Current Price: ~$0.0000131 - Stabilizing with bullish signals. - Influence: Expansion of the SHIB ecosystem, increased whale activity, and a projected move toward $0.0000227.
3. **ETH – Ethereum Eyes a Recovery** - Current Price: ~$1,7K - Down 60% from early 2025 highs. - Recovery is possible if the $2,330 resistance is broken, potentially leading to a rally toward the $3,000–$3,500 range.
As Bitcoin strengthens its position, altcoins SUI and SHIB also come into focus for investors. The cryptocurrency market continues to evolve in light of new regulatory conditions and increasing institutional interest.
