The global cryptocurrency market capitalization reached approximately $2.11 trillion on Monday, July 8, showing a slight increase of 0.42% over the previous day. Although there was a small rise in the market at the start of the week, only a few cryptocurrencies saw gains during this period. The top performer for the week was beldex (BDX), which experienced a 23.08% increase against the U.S. dollar in the last seven days.
This week, only four cryptocurrencies saw double-digit gains against the dollar. Beldex (BDX) led the way with a rise of 23.08%, followed closely by mantra dao (OM) with a 21.92% increase. Aelf (ELF) saw a rise of 20.74%, while layerzero (ZRO) experienced a jump of 16.77%. Other notable gainers included EGLD, CHR, FTN, ZBU, TIA, and BONK, with increases ranging from 2% to 9.8% over the week.
The biggest loser for the week was Celsius’s token CEL, which saw a significant decline of 44.27%. This drop occurred after retail Celsius users faced legal action from the bankruptcy estate. Constitutiondao (PEOPLE) experienced a decrease of 38.57%, mog coin (MOG) decreased by 32.86%, blast (BLAST) saw a reduction of 29.19%, and io net (IO) took a hit of 28.24%.
Trading volume increased this week due to significant market fluctuations. Solana (SOL) had the highest volume, excluding BTC, ETH, and several stablecoins, followed by binance coin (BNB). Other top-volume coins included XRP, NOT, PEPE, WIF, SHIB, and TON. Bitcoin (BTC) accounts for 53.5% of the total market value, while Ethereum (ETH) holds approximately 17.4%. Fiat-pegged stablecoins make up 7.63% of the crypto economy today.
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