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On Monday, Sept. 23, 2024, the crypto market reached a total value of $2.22 trillion, marking a 1.3% increase in just 24 hours. Over the past week, bitcoin (BTC) climbed 8.7% against the U.S. dollar, while ether (ETH) enjoyed an impressive 15.8% rise. However, other digital currencies outshined both top coins, posting even larger gains.
Biggest Crypto Movers of the Week: CEL Surges, BNX Slides
Celsius network’s token (CEL), tied to the now-defunct Celsius firm, skyrocketed 339% against the dollar, making it the only three-digit performer over the last seven days. Trailing CEL was paal ai (PAAL) with a 73% increase.
Immutable X (IMX) saw its value jump 48%, while sui crypto (SUI) moved up by 42%. Other notable gainers included ARKM (+41.25%), AERO (+38.95%), APT (+37.09%), and MOG (+29.06%).
Beyond BTC, ETH, and stablecoins, SOL was the leader in trading volume this week, followed closely by BNB, XRP, SUI, DOGE, NEAR, PEPE, and ONDO. Despite the general market upswing, a few tokens—around six—took a hit, losing between 5% and 15%.
Binaryx (BNX) was the biggest loser, dropping 15.04% against the U.S. dollar. Catizen (CATI) followed with a 14.10% loss, while trust wallet token (TWT) fell by 11.51%.
Dogs (DOGS) shed 10.43%, fasttoken (FTN) slipped by 7.71%, and rollbit coin (RLB) dipped 5.55% in the past week. Despite this week’s rally, it’s surprising to see a token like CEL, with no active use case, surge so dramatically—momentum that likely won’t stick around.
What do you think about the crypto market action this past week? Share your thoughts and opinions about this subject in the comments section below.