Get rid of the haze at the beginning of 2025, encryption currencies are all rising, SUI hits a historical high

Technology stocks led the US stock market to rise on Friday, breaking free from the sluggish start of 2025. The three major US stock indexes closed higher, but still saw a slight decline for the week. The top ten market cap cryptocurrencies all rose yesterday. XRP rose nearly 15% in a week, jumping to the third largest cryptocurrency by market cap. SUI continued to hit new all-time highs, with a yearly increase of 479%, rising to the 10th position in the encryption market (excluding stablecoins).

ISM Manufacturing Index rises to a nine-month high

The data released by the Institute for Supply Management (ISM) on Friday showed that the US manufacturing index for December rose to 49.3, better than the expected 48.2, marking the second consecutive month of growth and reaching a 9-month high. The ISM index has a threshold of 50, and the ISM manufacturing index has been hovering below 50 since November 2022, only briefly surpassing it in March 2024. However, the US economy relies on the service sector as the engine, and whether the manufacturing sector will return due to Trump's MAGA policy remains to be seen.

Technology giants counterattack

On Friday, the US stock market was led higher by tech giants, with Tesla rebounding sharply by over 8%, NVIDIA rising by 4.45%, and server manufacturer AMD surging by 10.92%.

The three major U.S. stock indexes rose, but the weekly line still fell slightly.

Next week important data

Next week's important data includes:

Monday: Purchasing Managers Index

Tuesday: JOLTS Job Openings Report

Wednesday: FOMC Meeting Minutes

Thursday: Markets to Close for Former President Jimmy Carter's Funeral

Friday: Non-Farm Payrolls Report

Top 10 Market Cap Cryptocurrency trends

The top 10 cryptocurrency market caps all rose yesterday. XRP rose nearly 15% in a week, becoming the third largest cryptocurrency by market cap.

SUI also once approached $5, hitting a new all-time high, and was reported at $4.86 before the deadline, with a 12% increase in 24 hours and a staggering 479% increase in a year. SUI Market Cap has risen to the 10th place in the Crypto Assets market (excluding stablecoins).

L1 popular public chain Sui recently supported Bitcoin collateral, and collaborated with decentralized protocol Babylon, Bitcoin LST developer Lombord, and blockchain security company Cubist to promote the next stage of development of BTCFi.

(Bitcoin re-pledge platform SatLayer and Sui heavyweight cooperation! Unlocking 5.8 billion BTC liquidity for Babylon, promoting the development of BTCFi)

This article escapes the gloom at the beginning of 2025, and Cryptocurrency rises together, and SUI hits a new historical high first appeared on Chain News ABMedia.