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.