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As yet another week passes, we will examine some of the best-performing cryptocurrencies over the past seven days.
It’s safe to say that the week has treated the markets well, with the total capitalization growing to $2.55 trillion, adding over $150 billion. This comes on the back of impressive performances on all fronts, so let’s first start with Bitcoin.
Bitcoin Soars 11% in Impressive Recovery
Despite not being the top performer, Bitcoin surely made waves in the past seven days, surging by a whopping 11% in the process.
As you can see in the chart below, it’s been mostly up only since July 14th, when the $BTC price took off.
The price tried to claim the $68K level yesterday but was unable to do so as the bears stopped the rally preemptively. $BTC is now found in an intraday correction, trading below $67K.
Nevertheless, its impressive performance throughout the week has also had an impact on the broader crypto market sentiment, which is currently in a state of Greed. With a score of 74, it’s up more than 100% compared to last week, when it was in a state of fear with a score of 33.
Best Performing Cryptocurrencies
It’s a meme world. Four of the top 6 best performers in the last seven days are meme coins.
Claiming the first spot with a 60% increase in the past week is the cat-themed meme POPCAT. Right after it, we have dogwifhat. WIF is up 53% over the same period, followed by PEPE with 33.6%, and FLOKI with 33.4%.
In between them are Arweave (AR) and Core (CORE), which are up 40% and 37%, respectively.
Other noteworthy mentions, which increased by around 30% include INJ, BONK, JUP, RUNE, TAO, and Mantra’s OM.
As a matter of fact, almost all cryptocurrencies managed to chart an increase during the week with the exception of $UNI, AAVE, TRX, TON, ADA, and EGLD. These are the only altcoins in the red, but they haven’t lost that much. $UNI is the worst performer and it’s only down 5%.