Bitcoin and Ether fell during afternoon trading in Asia, along all other top 10 non-stablecoin cryptocurrencies by market capitalization, excluding XRP. NFT sales on Bitcoin rose over 63% in the past 24 hours, boosted by the Space Pepes collection. Asian equity markets were mixed, while U.S. stock futures rose as investors remained optimistic over the U.S. debt ceiling negotiations.

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Top cryptos in the red

Bitcoin fell 1.83% to US$26,885 in the 24 hours to 4:30 p.m. in Hong Kong. Ether fell 1.05% to US$1,807

XRP token was the only coin in the green, rising 3.47% to US$0.4618, after leading the losses yesterday.

Solana saw the biggest daily loss with a 2.12% drop to US$20.47, followed by Cardano’s 2.05% slide to US$0.3705.

The total crypto market capitalization fell 1.25% to US$1.12 trillion in the past 24 hours, while the total crypto market volume decreased 6.45% to US$31.01 billion.

Ethereum NFT sales down for a third day as Space Pepe sales soar

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 inched down 0.05% to 3,385.02 points in the 24 hours to 4:30 p.m. in Hong Kong but rose 0.49% during the week.

Ethereum’s 24-hour NFT sales decreased for the third consecutive day, dropping 6.80% to US$15.9 million. Bored Ape Yacht Club sales, the largest Ethereum-based NFT collection, fell 65.93% to US$366,868 while Mutant Ape Yacht Club sales rose 35.80% to US$67,331.

NFT sales on Bitcoin rose 63.99% to US$13.8 million, boosted by a 21,222.37% surge in sales for Space Pepes, which generated US$7.2 million in 24-hour sales for the network, according to CryptoSlam data. Space Pepes are a Bitcoin-native NFT collection based on the Pepe the Frog meme.

U.S. equities strengthen on U.S. debt ceiling negotiations.

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Hong Kong display stock market exchange and charts information via led computer monitor in mong kok

Asian equity markets were mixed on Friday, as investor concerns persisted over China’s post-pandemic recovery, which caused the offshore yuan to weaken past the US$7 mark, hitting its lowest level since early December.

The Shanghai Composite fell 0.42% while Hong Kong’s Hang Seng Index fell 1.40% to 19,450.57 points, its lowest close since March 20. Japan’s Nikkei 225 rose 0.77% and the Shenzhen Component Index rose 0.12%. 

Major U.S. stock futures strengthened as of 4:30 p.m. in Hong Kong. The S&P 500 futures index inched up 0.18%, the tech-heavy Nasdaq-100 futures also gained 0.18%, and the Dow Jones Industrial Average futures increased 0.186.

Market sentiment was lifted by positive corporate news from chipmaker Nvidia, which surged nearly 5% after announcing that it joined ServiceNow to build enterprise-grade artificial intelligence solutions.

Investors continued monitoring the negotiations over raising the U.S. debt ceiling. House Speaker Kevin McCarthy suggested on Wednesday that a potential deal could come as soon as next week.

Bolstered by optimism regarding the debt ceiling negotiations, the U.S. dollar fell 0.28% in the past 24 hours, but remained around its two-month high of 103.2 points, on track to gain for the second consecutive week. The euro rose 0.26% to US$1.07.

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