- The price of Sui dropped as tariff concerns spooked global markets.
- The token fell about 12% over the past 24 hours, with Bitcoin dipping below $93,000.
- Tariff fears and a general risk-off sentiment threaten further downside for SUI.
The price of Sui plunged nearly 13% to lows around $1.55 amid a broader market slowdown and a significant capital outflow from risk assets.
This sharp correction—amplified by Bitcoin’s retreat from roughly $96,000 to under $93,000 and Ethereum’s retest near $3,200—coincided with more than $680 million of long positions being liquidated across the crypto market.
Numerous analysts attribute part of the sell-off to escalating geopolitical tensions after U.S. tariff threats directed at several European countries over disputes tied to Greenland.
Sui price falls as Bitcoin weakness drags altcoins lower
Sui dropped from about $1.70 to a daily low near $1.54, moving below its 50-day exponential moving average around $1.70. The altcoin entered oversold territory with the RSI dipping below 40.
Bears showed renewed strength as Bitcoin fell back toward the $92,500 support level. As seen in recent sessions, renewed weakness in BTC tends to worsen declines across altcoins.
With a higher beta to the market, Sui experienced notable outflows, including more than 10 million SUI tokens moving to exchanges.
From a technical perspective, failure to reclaim $1.65 increases the risk of a drop to $1.40. A break of key support amid BTC deleveraging raises the caution level for bulls.
Investor sentiment was already dented by a recent six-hour network outage on the Sui chain, and although key updates have followed, lingering concerns suggest any recovery could be gradual.
Still, if Bitcoin stabilizes above $92,000 and retakes important levels below $100,000, a market rebound could lift altcoins and push SUI back toward $2.00 and higher in the coming days.
Sui price hit as tariff worries rattle global markets
The broader altcoin rout coincided with declines in BTC and ETH after U.S. President Trump threatened a 10% tariff on imports from several European countries.
Planned increases up to 25% by June would target imports from Denmark, France, Germany, the Netherlands, Norway, Sweden, the United Kingdom and Finland.
The proposed tariffs are framed as retaliation over opposition to U.S. interest in Greenland, a region considered strategically important for Arctic security and critical minerals.
European equity benchmarks such as the DAX and CAC 40 fell more than 2% on Monday, while gold rallied and the dollar index climbed above 108—factors that put additional pressure on cryptocurrencies.
In response, the EU prepared roughly €93 billion in countermeasures, but with a potential trade conflict unfolding, many altcoins could face further downside.
Although ongoing Bitcoin ETF inflows provide some fundamental support, concerns over miner capitulation as profitability weakens could signal further stress. That makes the $90,000 zone a critical threshold, as retail traders may be forced into loss if prices slide further.
Crypto trader BitGuru suggested this decline served to sweep liquidity into a “key demand zone.” The coming sessions are important because the current price area has historically acted as a base for the next leg higher.
After a strong impulse move, $SUI entered a long consolidation and has now swept liquidity into a key demand zone.$SUI Price reaction here is crucial, as this area often acts as a base for the next expansion leg. pic.twitter.com/gru36LWy96
— BitGuru 🔶 (@bitgu_ru) January 19, 2026