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Bitcoin and ethereum have recaptured some of their losses from the previous week, but a group of crypto assets have seen their values climb by double digits in the last seven days. About nine cryptocurrencies experienced increases of 20% or more, with ondo ($ONDO) leading the charge with a 94% leap this week.
The Week’s Biggest Crypto Gainers and Losers
Currently, the crypto market stands at a valuation of $2.59 trillion, marking a 3.95% uptick in the past day. Today’s highest trading volumes, aside from $BTC, $ETH, and stablecoins, feature coins like $SOL, BNB, XRP, $BCH, and $AVAX.
While bitcoin gained 2.5% over the week and ethereum nudged up by 0.1%, other digital currencies have seen substantially higher ascents. Ondo ($ONDO) outperformed all, soaring by 94.7% over the week.
Internet computer ($ICP) enjoyed a 42% boost during the seven-day period, and ecash (XEC) climbed by 35%. Other notable risers include STX with a 31% increase, CFX advancing by 28%, and $BCH jumping 24% higher this week.
The spike in $ONDO’s value propelled it to a new peak price. Similarly, LDO surged by 24%, FTM grew by 21%, and $DOGE also escalated by 21% this week. Meanwhile, bittensor (TAO) emerged as the week’s biggest downturn, dropping 13.6% against the U.S. dollar.
Dogwifhat (WIF) declined by 12.9% this week, and jupiter (JUP) decreased by 12.8% over the seven-day stretch. Only five cryptocurrencies faced double-digit depreciation this week, including PYTH and RNDR.
Other significant weekly decliners were INJ, $SOL, THETA, $AVAX, GRT, WLD, and BONK, all losing between 5% and 9.9% over the week. The most notable liquidations in the crypto derivatives market, excluding $BTC and $ETH, involved PEPE, $DOGE, and $BCH.
What do you think about this week’s crypto gainers and losers? Share your thoughts and opinions about this subject in the comments section below.