Crypto Chaos: Why Sui Plunged More than 6% After a Similar 6% Surge This Morning

As I began writing this piece today, Sui (CRYPTO: SUI) was a token I was prepared to comment on from a bullish angle. After all, as of 8:00 a.m. ET, SUI surged roughly 6.3% to the $1.65 level, and looked to be making a move toward a fresh weekly high.Just about as quickly as I could begin diving into what was driving this token higher, a plunge over the past few hours has meant that Sui has now given up all these gains, trading right around where it began to start the day yesterday.That said, I always view these highly volatile days in particular cryptocurrencies as telling. That's because when the market is having a difficult time digesting a ton of data being thrown at investors, that's when there's usually an opportunity in the market to take a position and stick with it for a period of time.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool