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The crypto market holds steady at a valuation of $2.31 trillion, experiencing a 2.60% decline in the last 24 hours. In the preceding week, bitcoin and ethereum each dipped between 5.4% and 1.8%. Notably, only four coins experienced double-digit increases, with helium (HNT) emerging as the top performer with a 34.3% rise this week.
Crypto Market Sees $2.31 Trillion Valuation Despite 2.60% Decline in 24 Hours
The cryptocurrency market appears bearish this week as leading assets BTC and ETH record losses against the U.S. dollar. Among numerous tokens, only 15 managed to see gains against the greenback.
Helium (HNT), showing a 15.2% increase on Apr. 29, surged by 34.3% over the seven-day period, while meme token bonk (BONK) witnessed a 19.2% rise. During this timeframe, zebec protocol (ZBC) climbed by 13.1%, and hedera (HBAR) saw a 12.9% increase.
These four assets were the sole ones to achieve double-digit gains against the U.S. dollar this week. Other notable increases within single digits include PEPE, TRX, GT, AR, XMR, and WBT, experiencing rises ranging from 3.2% to 8.6%.
BNB led in trading volume this week, followed by SOL, XRP, DOGE, TON, ADA, and SHIB. Trading volumes on major exchanges decreased over the past week. As the cryptocurrency market navigates fluctuations, investors remain vigilant, assessing both gains and losses across various digital assets.
Conversely, numerous tokens experienced significant losses, with over two dozen coins witnessing double-digit declines against the greenback. Ethena (ENA) plummeted by 25.1%, while pyth network (PYTH) saw a 21.8% drop.
BEAM shed 19.8%, RON suffered a 19.7% decrease, and ORDI, a BRC20 token, lost 19.4% in value. Additionally, core (CORE) declined by around 18.6% this week. Other notable losers include RNDR, STX, TIA, GRT, and TAO.
What do you think about this week’s crypto market gainers and losers? Share your thoughts and opinions about this subject in the comments section below.