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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.