news.bitcoin.com
Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend.
Dozens of Crypto Coins See Percentage Losses, A Few Tumble 50%
In the past hour, there’s been a minor uptick in crypto values, but as of 10 a.m. EDT on Monday, overall losses hover around 16.15% across the entire crypto economy. This week, only a select few crypto assets managed to escape the major declines.
Singularitynet (AGIX) posted a modest gain of 0.46%, and beldex (BDX) saw a slight rise of 0.41%. Apart from these two, gold-backed tokens and stablecoins were the only assets to remain in the green.
The most significant loss over the last seven days was mog coin (MOG), which plummeted by 50.15%. Other notable losers include dogwifhat (WIF), down 48.94%, and dog go to the moon (DOG), which lost 48.56%.
Coins like PENDLE, RAY, CKB, SUPER, SSV, ONDO, and BOME experienced losses ranging from 44.02% to 48.10%. PEPE, MEW, AR, JASMY, RUNE, and TURBO also endured double-digit losses this week.
In fact, more than 60 coins saw double-digit declines against the U.S. dollar over the past week. Meanwhile, among the most traded coins this week, excluding BTC, ETH, and stablecoins, were SOL, BNB, XRP, PEPE, WIF, ADA, TON, and LINK.
The biggest drop among the top ten coins was solana (SOL), which fell 33% this week. ETH is down 30% and DOGE shed 30% against the greenback as well.