Toncoin (TON) has fallen below the $2 mark, reaching $1.97 amid a widespread downturn in the cryptocurrency market. The CoinDesk 20 index, which tracks the top digital assets, declined by 2.57% during this period. Bitcoin also experienced a significant drop, falling below $102,800 for the first time since June, with over $1.4 billion in long positions liquidated. Toncoin's price action included a 5.5% decrease, accompanied by an 89% surge in trading volume above daily averages. The token briefly stabilized at $1.99 before slipping back to $1.97, reflecting the broader market's volatility.