Sui (SUI) is trading above $2.00 as bulls try to pare losses at the time of writing on Tuesday. The Layer-1 token has lost 14% of its value since the beginning of this month, mirroring risk-off sentiment and fear in the broader cryptocurrency market.
US Dollar (USD) continued to drift higher, taking cues from a divisive Fed, OCBC's FX analysts Frances Cheung and Christopher Wong note. DXY last at 99.96 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Federal Reserve Governor Lisa Cook spoke about the economic outlook and monetary policy at the Brookings Institution in Washington, DC, on Monday.