Toncoin was the biggest loser among the top 10 cryptocurrencies by market capitalization, falling along with most other cryptocurrencies except Dogecoin. With Bitcoin below $27,000, FTX cryptocurrency liquidations could keep prices low for the rest of the month, market analysts said. Discard.
See related article: Weekly Market Summary: Deutsche Bank Crypto Move Boosts Bitcoin to $26,750
TON is the biggest loser among the top 10 cryptocurrencies, Bitcoin will fall below $27,0000 in October
Following yesterday's parabolic price rally, Toncoin reversed some of its gains, falling 7.28% in the 24 hours to 4:30 pm in Hong Kong, to US$2.35. Despite the correction, TON is still up over 25% on the weekly chart, thanks to Telegram announces its partnership with Toncoin last week.
Bitcoin, the world's first cryptocurrency, fell 0.65% in the last 24 hours to $26,967.
Jonas Betz, crypto market analyst and founder of a consulting firm Betz Cryptocurrencysaid that Bitcoin is unlikely to recover above $30,000 in September, due to the $3.4 billion of cryptocurrency liquidations on the FTX bankruptcy case.
“According to the sales plan led by Mike Novogratz, crypto assets worth between $100 and $200 million could be sold weekly. Although most crypto assets are likely to change hands through over-the-counter trading, market selling cannot be ruled out nor can investors protect themselves against a further decline in cryptocurrency prices,” Betz said. Discard.
Ether, the world's second-largest cryptocurrency, fell 1.09% to $1,618, while most of the other top 10 cryptocurrencies fell except Dogecoin which increased by 0.31% to 0.06258 US dollars.
The total cryptocurrency market capitalization in the last 24 hours fell 0.65% to $1.07 trillion, while market volume decreased 3.77% to $27.66 billion, according to CoinMarketCap data.
Reavers NFTs Elevate Solana to Second-Largest Blockchain by Daily NFT Sales Volume
He Forkast 500 NFT Index fell 0.43% to 2,026.47 points in the 24 hours to 4:30 pm in Hong Kong, but fell 0.95% during the week.
solarium became the second largest blockchain network by NFT sales volume in 24 hours, after sales increased 16.32% to $1.55 million, driven by a 32.67% increase in collection Reavers, which generated $813,909 for the network, becoming the second largest blockchain network Collections across all chains by daily volume, according to CryptoSlam.
Reflecting higher online sales, the Forkast SOL NFT Composite it was up 0.79% for the day and 1.11% for the week.
Ethereum24-hour NFT sales increased 16.32% to $5.57 million, driven by a 121% increase in CrypptoPunks sales that generated $557,629 for the network. Sales for Bored Ape Yacht Club It also rose 17% in the last 24 hours to $480,014.
Asian and US stocks fall as Federal Reserve signals another interest rate hike despite keeping interest rates unchanged
Major Asian stocks fell at 4:30 p.m. in Hong Kong, including the Shanghai Compositehe Shenzhen componentJapan Nikkei 225 and Hong Kong's Hang Seng Index, which held near its monthly low.
Investor sentiment remained subdued, despite new data showing that annual inflation in Hong Kong fell to 1.8% in August, its lowest level in four months and above market expectations of 2%.
The U.S. Federal Reserve left the borrowing rate unchanged but signaled that another increase is likely before the end of the year. Following the comments, major U.S. stock futures fell for the first day this week, including the S&P 500 futures index, tech-heavy Nasdaq-100 futures and Dow Jones Industrial Average futures.
In Europe, traders remained cautious ahead of the Bank of England's interest rate decision due today. Both the benchmark STOXX 600 and Frankfurt's DAX 40 fell more than 0.9% on the day.
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