Toncoin was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos except Dogecoin. With Bitcoin below US$27,000, FTX\u2019s crypto liquidations could keep prices subdued for the rest of the month, market analysts told Forkast<\/em>.<\/p>\n See related article:<\/em><\/strong> Weekly Market Wrap: Deutsche Bank\u2019s crypto move propels Bitcoin to US$26,750<\/a><\/p>\n Following yesterday\u2019s parabolic price rally, Toncoin reversed some of its gains, falling 7.28% in the 24 hours leading up to 4:30 p.m. in Hong Kong, to US$2.35. Despite the correction, TON is still up over 25% on the weekly chart, thanks to Telegram announcing its partnership<\/a> with Toncoin last week.<\/p>\n Bitcoin, the world\u2019s first cryptocurrency, fell 0.65% in the past 24 hours to US$26,967.<\/p>\n Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto<\/a>, said that Bitcoin is unlikely to recover above US$30,000 in September, due to the US$3.4 billion worth of crypto liquidations in the FTX<\/a> bankruptcy case.<\/p>\n \u201cAccording to the sales plan led by Mike Novogratz, US$100 million to US$200 million worth of crypto assets could be sold on a weekly basis. Even though it is likely that a majority of crypto assets will change hands via over-the-counter trades, market sales cannot be ruled out as well as investors hedging against a further decline in crypto prices,\u201d Betz, told Forkast<\/em>.<\/p>\n Ether, the world\u2019s second-largest cryptocurrency, fell 1.09% to US1,618, while most of the other top 10 cryptos were down, except Dogecoin<\/a> that rose 0.31% to US$0.06258.<\/p>\n The total crypto market capitalization over the past 24 hours fell 0.65% to US$1.07 trillion while market volume decreased 3.77% to US$27.66 billion, according to CoinMarketCap<\/a> data.<\/p>\n The Forkast 500 NFT index<\/a> fell 0.43% to 2,026.47 points in the 24 hours to 4:30 p.m. in Hong Kong but fell 0.95% during the week.\u00a0<\/p>\n Solana<\/a> became the second-largest blockchain network by 24-hour NFT sales volume, after sales rose 16.32% to US$1.55 million, boosted by a 32.67% increase in the Reavers collection, that generated US$813,909 for the network, becoming the second-largest NFT collections across all chains by daily volume, according to CryptoSlam<\/a>.<\/p>\n Mirroring the stronger sales on the network, the Forkast SOL NFT Composite<\/a> rose 0.79% during the day and 1.11% during the week.<\/p>\n Ethereum<\/a>\u2019s 24-hour NFT sales rose 16.32% to US$5.57 million, driven by a 121% sales increase in CrypptoPunks that generated US$557,629 for the network. Sales for the Bored Ape Yacht Club<\/a> also increased 17% in the past 24 hours to US$480,014.<\/p>\n Major Asian equities fell as of 4:30 p.m. in Hong Kong, including the Shanghai Composite<\/a>, the Shenzhen Component<\/a>, Japan\u2019s Nikkei 225<\/a> and Hong Kong\u2019s Hang Seng Index that remained near its monthly low.<\/p>\nTON biggest loser among top 10 cryptos, Bitcoin to dip below US$27,0000 by October<\/h3>\n
Reavers NFTs lift Solana to second-largest blockchain by daily NFT sales volume<\/h3>\n
![\"pgenl3eQSqiIY9UocDa8iIszj1](\"https:\/\/lh6.googleusercontent.com\/pgenl3eQSqiIY9UocDa8iIszj1_qZRPKFbkIr58KSaL-oV13GnD8XZChZKj0FeIfvOEOjGvXHv30Gv4q2Pm6Tv_FNbeBveif6x2-dmC69PyEaQohYDz6FltQjJVgYZSEONYk02suH4mtkgO8m5ZUSxY\" "\\"Toncoin")
Asian, U.S. equities fall as Fed indicates another interest rate hike despite keeping borrowing rates unchanged<\/h3>\n
![\"Wall](\"https:\/\/forkast.news\/wp-content\/uploads\/2023\/07\/wall-street-sign-2021-08-26-16-02-30-utc-3-1260x840.jpg\" "\\"Toncoin")