Solana led gainers in the top 10 cryptocurrencies by market capitalization, recovering from a two-month low. Bitcoin and Ether rose during afternoon trading in Asia along with most cryptos. Market experts said that the continued entrance of large institutions could provide the crypto industry more legitimacy and price stability.<\/p>\n
See related article:<\/em><\/strong> Weekly Market Wrap: Deutsche Bank\u2019s crypto move propels Bitcoin to US$26,750<\/a><\/p>\n Solana\u2019s SOL token was the day\u2019s biggest gainer in the top 10 cryptocurrencies, rising 4.59% in the 24 hours leading up to 4:30 p.m. in Hong Kong, to US$20. The token rose 10.83% in the past week, rising from its two-month low of US$17.74 on Sept. 9.<\/p>\n In the wider crypto market, Bitcoin rose 0.89% in the past 24 hours to US$26,940.\u00a0<\/p>\n \u201cBitcoin has started showing signs of very short-term recovery. Nonetheless, the ongoing volatility in the crypto market remains a concern for investors, who are still enamored in the larger movements taking place on the stock market,\u201d Lucas Kiely, the chief investment officer of digital asset platform Yield App, told Forkast<\/em>.\u00a0<\/p>\n \u201cThe entrance of large institutions into the cryptocurrency market has positive short-term influences on Bitcoin prices. Their participation brings credibility and stability to an otherwise volatile market, potentially attracting more investors,\u201d added Kiely, referring to Standard Chartered launching its crypto custody<\/a> arm last week.<\/p>\n Ether, the world\u2019s second-largest cryptocurrency, also rose 0.49% in afternoon trading to US1,640, bringing its weekly gains to 3.78%. The Forkast 500 NFT index<\/a> rose 0.19% to 2,017.57 points in the 24 hours to 4:30 p.m. in Hong Kong and fell 3.46% during the week.\u00a0<\/p>\n ImmutableX became the second-largest blockchain network by 24-hour NFT sales volume, rising 17.54% to US$1.36 million, boosted by a 70% surge in Gods Unchained Cards, that generated US$1.2 million in sales for the network, becoming the largest collection by daily sales across all chains, according to CryptoSlam<\/a>.<\/p>\n Following yesterday\u2019s sales surge, Bitcoin slipped from the second largest to the fifth-largest blockchain network by 24-hour NFT sales volume, falling 21.54% to US$973,023.<\/p>\n Ethereum<\/a>\u2019s 24-hour NFT sales rose 17.54% to US$5.59 million, as sales for the Bored Ape Yacht Club<\/a> increased 169% to US$634,855, making it the third-largest NFT collection across all blockchains by 24-hour sales volume.<\/p>\nSOL leads winners; Bitcoin up 0.89%, Ether, most top 10 cryptos rise<\/h3>\n
The total crypto market capitalization over the past 24 hours rose 0.68% to US$1.07 trillion while market volume increased 52.30% to US$29.68 billion, according to CoinMarketCap<\/a> data.<\/p>\nGods Unchained Cards lift ImmutableX to second-largest NFT chain by daily sales\u00a0<\/h3>\n
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