Summary
TLDR: Toncoin (TON) surged 17% and became the 10th-largest token by market cap, possibly due to positive ecosystem news. USDT on TON expected to be announced at Token 2049 conference. Bitcoin fell to $70,800, with traders expecting range between $69,000 and $73,000. Further downward pressure possible after bitcoin halving later this month.
Key Points
1. Toncoin (TON) outperformed the market, climbing almost 17% and displacing Cardano as the 10th-largest token by market capitalization.
2. Positive ecosystem news, including the expected announcement of USDT on TON at the Token 2049 conference in Dubai next week, may be driving the rally in Toncoin.
3. Bitcoin fell to $70,800, with traders expecting the price to range between $69,000 and $73,000. There is anticipation of further downward pressure following bitcoin’s halving later this month.