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Bitcoin (CRYPTO: BTC) price today trades near $111,700, extending its recovery after defending key support around $108,000 earlier in the week. The market’s tone has turned cautiously optimistic as traders position around institutional news and tightening supply across exchanges.

The global altcoin market appears to be approaching a decisive breakout phase as several macroeconomic and policy factors align to support renewed risk appetite. Dan Gambardello, an analyst, suggests that the potential end of the Federal Reserve’s quantitative tightening (QT) cycle, record liquidity levels, and rising institutional adoption could form the perfect mix for a new rally.

Ethereum co-founder and Consensys founder Joseph Lubin has issued his most bullish prediction yet, calling for a 100x surge from current prices that would see ETH flip Bitcoin and become the world’s monetary base.

The cryptocurrency market experienced sideways trading patterns with holding steady at $107,062, posting a minimal 0.06% gain. Ethereum dipped 0.71% to $2,447 as investors adopted defensive stances ahead of key market catalysts.

The Sui blockchain has rolled out a significant upgrade to its mainnet, now running on version 1.49.2 with protocol version 84. This latest update introduces key enhancements designed to optimize performance, improve congestion control, and enable new functionality that could add on network trust, i.e., a stolen fund recovery feature.

Crypto.com is partnering with the UAE’s state-owned Emirates Petroleum Company (Emarat) to introduce cryptocurrency payment options at select fuel stations. This agreement launches with a pilot phase at 10 Emarat locations, marking the first known crypto payment initiative within the UAE’s fuel retail sector.