Sui's price plummeted nearly 13% to $1.55 as global markets reacted to tariff concerns and a broader risk-off sentiment. The decline was exacerbated by Bitcoin's fall below $93,000, contributing to a significant sell-off in altcoins. Over $680 million in crypto longs were liquidated, with Sui seeing over 10 million tokens moved to exchanges. The downturn follows President Trump's announcement of impending tariffs on European imports, escalating geopolitical tensions. These tariffs, set to increase to 25% by June, have pressured global markets, with European indices dropping over 2%. Despite potential for recovery if Bitcoin stabilizes, Sui's technical indicators suggest further caution, with a risk of sliding to $1.40 if it fails to reclaim $1.65.
SUI Price Drops 13% Amid Tariff Concerns and Bitcoin Decline
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