On Wednesday, Sui (SUI) dropped below $1, while Bitcoin and Ethereum also fell below key levels at $26,500 and $1,800 respectively. Altcoins were also selling off as the global cryptocurrency market cap decreased to $1.15 trillion, down 2.6% at the time of writing. The uncertainty around the US debt ceiling talks and possible default were likely triggers for the declines. SUI traded at $0.97, down 7.6% in the past 24 hours and -16% over the past seven days. The total crypto market cap was down 2.6% in the past 24 hours, hovering around $1.15 trillion, with all the top 10 altcoins also down.