The historically bullish month for bitcoin has begun, with the asset recovering from its dip below $63,000 earlier today to near $64,000. Ripple and Dogecoin have seen notable losses over the past 24 hours, while SUI, NEAR, and UNI are performing well.
### BTC Enters Uptober
Despite expectations of a bearish September for BTC due to its historical performance, the cryptocurrency closed the 30-day period with its most significant gains on record. The community’s focus has now shifted to October, typically a successful month for the asset.
Bitcoin’s gains in September peaked last weekend when it surged to $66,500, its highest price in almost two months, but it failed to maintain this momentum. The cryptocurrency lost some ground on Saturday evening and Sunday, with the actual correction arriving on Monday and Tuesday morning. Initially, bitcoin slipped to $64,250, but bears pushed it further down to under $63,000 earlier today. It has since bounced back by about $1,000 but still trades below $64,000, reducing its market capitalization to $1.263 trillion and its dominance over altcoins to 53.4% on CG.
### SUI Rises 6%
Most larger-cap altcoins have followed BTC with minor retracements today. BNB, TON, ADA, AVAX, SHIB, LINK, and BCH have all charted insignificant losses, while XRP and DOGE have dropped by over 3% daily. In contrast, NEAR, UNI, FET, and AAVE have increased by around 3%. SUI has emerged as the top performer from the largest 36 alts, gaining 6% since yesterday, pushing its price to a multi-month peak of over $1.85. Even more impressive gains come from the likes of POPCAT (11%), WIF (8%), FTM (8%), and HNT (8%). The total crypto market cap has remained steady at $2.370 trillion.
