news.bitcoin.com
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period.
Crypto Market Highlights: Who’s Winning and Who’s Losing This Week?
In fact, only four cryptocurrencies managed to post gains this week. Helium (HNT) led the pack, climbing by 15.43%. Trailing behind was the privacy-focused monero (XMR), which managed a modest 0.62% uptick.
Both unus sed leo (LEO) and litecoin (LTC) edged up by 0.25%. Last week might have been a bumpy ride, but by Monday, the crypto economy managed to edge up by 0.73%.
Despite the small boost, it’s still struggling to cling to the $2 trillion mark, sitting at $2.05 trillion as of press time. Leading the pack in trading volumes were solana (SOL), binance coin (BNB), XRP, DOGS, PEPE, and TRX.
While many crypto assets enjoyed notable gains, zcash (ZEC) took the hardest hit, dropping 28.63%. The meme coin dog go to the moon (DOG) wasn’t far behind, losing 26.39%, and dogwifhat (WIF) shed 23.66%.
Moreover, more than two dozen crypto assets suffered double-digit losses against the dollar over the past week. The recent market fluctuations highlight the diverse performance within the crypto sector, with only a few tokens defying the downward trend.
Helium’s higher gain amidst widespread losses and the resilience of select assets highlights the unpredictable nature of the current market. As the crypto economy hovers just above $2 trillion this week, traders and investors face a landscape marked by both opportunity and significant risk.