Bitcoin, top 10 cryptos fall except Tron

Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies by market capitalization dropped on Monday afternoon in Asia, with Solana leading losses. 

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Bitcoin, Ether extend losses

Bitcoin lost 0.8% to US$26,851 in 24 hours to 4 p.m. in Hong Kong, according to CoinMarketCap data. The world’s biggest cryptocurrency has lost 2.03% in the last seven days. 

Crypto exchange OKX has listed Ordi (ORDI), a BRC-20 token that utilizes ordinals and inscriptions to create and manage digital assets on the Bitcoin blockchain, it said in an emailed statement. The announcement came after OKX Wallet enabled viewing and transfer of Bitcoin ordinals, after it started supporting BRC-20 trading with the launch of its Ordinals Marketplace.

There are currently over 8.4 million Ordinals inscriptions on the Bitcoin network, according to data from Dune.

Ether, the world’s second largest cryptocurrency, dropped 0.35% to US$1,811, bringing its weekly losses to 0.98%. 

Solana was the biggest loser of the day, declining 2.86% to US$19.71 in the last 24 hours. It is also the biggest loser of the week, dropping 7.92% in the last seven days. 

Tron was the only token in the top 10 non-stablecoin cryptos to gain on Monday afternoon trade. It climbed 5.65% to US$0.07656, and has risen 9.37% in the last seven days. 

Crypto traders have been concerned over cryptocurrency exchange Gemini’s chief executive Cameron Winklevoss threatening on Jan. 20 to sue Digital Currency Group (DCG) for repayment of a US$900 million loan, after DCG firm Genesis filed for Chapter 11 bankruptcy. Its aggregated liabilities were worth about US$1 billion to US$10 billion to more than 100,000 creditors.

The U.S. Securities and Exchange Commission (SEC) in January charged cryptocurrency lender Genesis Global Capital and crypto exchange Gemini Trust with selling unregistered securities to retail investors through a lending program.

The total crypto market volume gained 30.38% to US$22.57 billion, while the global crypto market capitalization dropped 0.78% to US$1.12 trillion. 

Ethereum’s 24-hour NFTs sales drop

The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.

The Forkast 500 NFT index fell 0.37% to 3,385.99 points in the 24 hours to 4:30 p.m. in Hong Kong but rose 1.20% during the week.

Ethereum’s 24-hour NFT sales decreased 21.42% to US$13.4 million, as sales for the Bored Ape Yacht Club, the largest Ethereum-based NFT collection, fell 44.81% to US$479,997. Mutant Ape Yacht Club sales rose 25.21% to US$1.07 million while 24-hour sales for Azuki rose 99.18% to US$757,066.

NFT sales on Bitcoin also fell 14.98% to US$3.2 million, as interest in Space Pepes cooled, increasing 1.63% to US$40,321 in the past 24 hours, according to CryptoSlam data.

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