news.bitcoin.com
On Monday, July 8, the global cryptocurrency market capitalization hovered around $2.11 trillion, reflecting a 0.42% increase over the past day. Although there was a modest uptick at the beginning of the week, only a few crypto assets recorded gains during this period. The top performer for the week was beldex (BDX), which climbed 23.08% against the U.S. dollar in the last seven days.
This Week’s Crypto Gainers and Losers
Only four cryptocurrencies experienced double-digit gains against the dollar this week: beldex (BDX), mantra dao (OM), aelf (ELF), and layerzero (ZRO). Beldex (BDX) led with a 23.08% rise, followed by mantra dao (OM) at 21.92%.
Aelf (ELF) increased by 20.74%, and layerzero (ZRO) saw a 16.77% jump. Other notable gainers included EGLD, CHR, FTN, ZBU, TIA, and BONK. These six coins rose between 2% and 9.8% over the week.
The biggest loser was Celsius’s token CEL, which fell 44.27%. This decline came after retail Celsius users were sued by the bankruptcy estate. Constitutiondao (PEOPLE) dropped 38.57%, mog coin (MOG) decreased by 32.86%, blast (BLAST) saw a 29.19% reduction, and io net (IO) took a 28.24% hit.
Trading volume increased this week amid significant market fluctuations. Excluding BTC, ETH, and several stablecoins, solana (SOL) had the highest volume, followed by binance coin (BNB).
Other top-volume coins included XRP, NOT, PEPE, WIF, SHIB, and TON. Of the total $2.11 trillion market value, BTC accounts for 53.5%, while ETH’s share is around 17.4%. Additionally, fiat-pegged stablecoins comprise 7.63% of the crypto economy today.