The cryptocurrency market experienced steady growth on Monday, reaching a valuation of $2.3 trillion, marking a 1.72% increase in the last 24 hours. Throughout the past week, there was a mix of positive and negative performances among various cryptocurrencies.
Bitcoin and Ethereum faced declines this week, with Bitcoin falling by 1.44% and Ethereum dropping approximately 4% against the U.S. dollar. Despite these declines, several other digital currencies saw double-digit gains.
SOL, BNB, DOGE, and PEPE recorded the highest trading volumes this week, excluding BTC, ETH, and stablecoins. Additionally, XRP, TON, SHIB, WIF, and WLD also experienced significant trading activity over the week.
The biggest gainer over the past seven days was cheelee (CHEEL), which appreciated by 21.6% against the U.S. dollar. Pepe (PEPE) followed closely behind with a 13.8% increase, and render’s (RNDR) value rose by 13.7%. Aioz network (AIOZ) advanced 13.2%, while safe (SAFE) climbed 13% and thorchain (RUNE) enjoyed a 10.4% uplift against the greenback. Other notable performers included akash network (AKT), which rose by 9.5%, kaspa (KAS) with a 7.1% increase, and tron (TRX) advancing 5.7%.
On the other hand, around 24 cryptocurrencies experienced declines of 10% or more over the past week. Pendle (PENDLE) saw the steepest drop, declining by 20.5%. Bittensor (TAU), an artificial intelligence-focused token, decreased by 19.6%, while zebec protocol (ZBC) diminished by 15.7%. Ribbon finance (RBN) fell 15.5%, and wormhole (W) receded by 14.3%. Other prominent cryptocurrencies that saw notable reductions this week include TIA, CORE, and HNT.
It is important to note these market trends and performances as they may impact the broader crypto market going forward. Share your insights on what might have driven the crypto market performances this week and your predictions for the future below.
