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On April 1, the overall cryptocurrency market witnessed a decrease, with a 2.2% drop over the last day, as bitcoin and ethereum fell by 2.4% and 3.2% respectively against the U.S. dollar. Despite this downturn, the past week saw 14 digital assets experience notable increases, with the crypto token CORE soaring by 174% and WIF climbing by 50.5%.
Crypto Market Sees Mixed Fortunes: CORE and WIF Surge Amid Overall Downturn
As of April 1, 2024, the valuation of the crypto economy stood at $2.61 trillion, following a widespread decline at the month’s onset. Throughout the previous week, a selection of cryptocurrencies showcased modest improvements, while others faced weekly downturns. SOL, DOGE, BCH, and BNB emerged as the top four digital assets by volume, excluding BTC, ETH, and stablecoins.
In total, 14 cryptocurrencies recorded uplifts of 10% or more, with CORE leading the advancement. CORE soared to $2.65 per coin on Monday, marking a 174% increase over the past week. Dogwifhat (WIF) experienced a significant upswing of 50.5%, reaching $4.05 each. Other cryptocurrencies also saw substantial growth: mantle (MNT) ascended by 44%, bitcoin cash (BCH) by 30.5%, and jupiter (JUP) by 29.2% against the U.S. dollar.
Additional cryptocurrencies that made notable advances include LTC, MKR, DOGE, and SUI. Yet, the week wasn’t prosperous for all, as Kucoin’s KSC plummeted by 22.4%. Akash (AKT) declined by 18.8%, conflux (CFX) by 18.2%, and bittensor (TAO) fell by 17.8%.
Eleven cryptocurrencies endured double-digit percentage declines over the last week, with FTM, QNT, XMR, LDO, AVAX, WLD, and AR among the prominent losers. Liquidation data, excluding derivative markets concentrated on BTC and ETH, highlighted substantial liquidations in SOL, BCH, DOGE, CFX, AVAX, and WLD.
Leading the pack over the last 90 days, dogwifhat (WIF) skyrocketed by 3,168% against the U.S. dollar. According to blockchaincenter.net’s “Altcoin Season Index,” which currently stands at 47, we are not in an altcoin season.
What do you think about this week’s crypto market winners and losers? Share your thoughts and opinions about this subject in the comments section below.