Bitcoin price recovery, SUI and AVAX surge

- Bitcoin(BTC) Price Partially Recovers - SUI Altcoin Surges 11% Bitcoin (BTC) partially recovered on Saturday after a sharp decline on Friday, currently maintaining over $54,500. During the same period, altcoins also showed a slight upward trend. AVAX surged 6% in a day. Notably, SUI showed significant growth with an increase of nearly 11%. Last week, Bitcoin experienced high volatility in the crypto market. On Tuesday, it nearly reached $60,000 but turned downward after a rebound, falling to $52,800 on Friday. It recovered to $57,000 after the U.S. employment data was released but then experienced a significant drop. On a weekly basis, Bitcoin fell by about 7%, with its market capitalization shrinking to $1.075 trillion. Bitcoin's market dominance decreased by almost 1%, recording 53.2%. Altcoins also had a volatile week like Bitcoin (BTC), but some showed slight recovery trends. ETH barely approached $2,300, and BNB rose by 2%, recovering to $505. SOL, DOGE, TRX, and TON similarly exhibited an upward trend, and ADA rose by 4%. The most notable was SUI, which surged 11%, nearing a price of $1. This upward trend was driven by the surge of SUI's meme coin, BLUB. According to CoinGecko, BLUB grew by 50% over a week, with its price surging 45.6% on August 8. The U.S. employment data announcement had a negative impact on risk assets like Bitcoin due to concerns about economic deterioration. External factors exerted downward pressure on Bitcoin prices, affecting the market condition. Currently, Bitcoin is showing stability around $54,000. The overall crypto market cap defended the $2 trillion mark, currently exceeding it by about $20 billion. This indicates that the slight recovery of various altcoins, supported by 24-hour trading volume and increasing decentralized applications use cases, is maintaining the market’s robustness despite Bitcoin’s decline.