Bitcoin reclaims $82,000; Sui jumps 25%

Bitcoin briefly reclaimed $82,000 on Sunday following a weekend rally and continued purchases of spot exchange-traded funds. The token traded near $81,700 late Sunday Eastern Time and topped $82,200 earlier in the day, its highest level since May 6.

Spot bitcoin ETFs recorded $622.7 million in net inflows last week, extending a six-week run of net inflows that totaled more than $3.4 billion. Dominick John, an analyst at Zeus Research, noted that institutional ETF demand together with improving macro conditions tightened available supply.

The U.S. Senate Banking Committee set a markup hearing for the Clarity Act on May 14. U.S. and Iran negotiators have discussed extending a ceasefire, but talks remain deadlocked; President Donald Trump rejected Iran’s latest proposal.

Sui rose 25% on Sunday to $1.34. Nasdaq-listed SUI Group Holdings announced it will stake substantially all of its 108.7 million SUI holdings. Nigeria-based payments firm Paga announced a partnership to use the Sui blockchain for tokenized cross-border payments, and CME Group began trading Sui crypto futures.

Ecosystem updates for Sui included DeepBook launching a Predict feature on May 5 to support on-chain prediction markets, and Mysten Labs co-founder and chief product officer Adeniyi Abiodun announcing confidential transactions are planned later this year. Analysts noted that the staking plan, the partnership and the futures listing removed supply and increased on- and off-chain utility.

Andri Fauzan Adziima, research lead at Bitrue Research Institute, described the macro and geopolitical backdrop as cautiously supportive and observed that pullbacks to $78,000-$80,000 for bitcoin would be a normal correction while continued buying is required to clear resistance. Traders said they are watching Federal Reserve policy and inflation data for signs that could change risk appetite.