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In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other digital currencies experienced even more significant increases, with spx6900 (SPX) stealing the spotlight by skyrocketing 107.2%, making it the standout performer of the week.
Crypto Market Climbs to $2.25 Trillion, SPX and Meme Tokens Shine With Triple to Double-Digit Gains
On Monday, the total global market capitalization for all crypto assets hit $2.25 trillion, marking a 3.01% boost in the past 24 hours. Over the last week, many cryptocurrencies have rallied against the U.S. dollar, recovering from the previous week’s losses. Leading the charge this week was spx6900 (SPX), which shot up by a staggering 107.2%. Additionally, around two dozen coins posted impressive double-digit gains.
Trailing SPX is the artificial intelligence (AI) powered meme token goatseus maximus (GOAT), which jumped 70.2% this week. The token reef (REEF) gained 50%, while baby doge coin (BABYDOGE) saw a rise of 45.31%. Also making waves, the book of meme (BOME) leaped by 39.71%, and dog go to the moon (DOG) followed closely with a 38.86% increase. Other notable performers include MOG, AXL, ZEC, BDX, and WLD.
Outside of BTC, ETH, and stablecoins, the highest trading volumes of the week belonged to SOL, BNB, SUI, PEPE, XRP, DOGE, WIF, NEIRO, and APT. On the downside, only a handful of coins posted double-digit losses. The newly launched scroll (SCR) took the hardest hit, plummeting over 50%, while ftx token (FTT) dropped by 23.37%. Hamster kombat is still struggling, down 13.33% this week, followed by RLB, which fell 11.44%, and HNT, down 11.11%.
The cryptocurrency market’s recent performance highlights renewed optimism, with top assets and standout tokens making impressive gains. While a few coins saw declines, the broader market recovery suggests investors are once again finding confidence in digital assets. This momentum could set the stage for further growth as the market adapts and evolves.
What do you think about the crypto market’s growth this week? Share your thoughts and opinions about this subject in the comments section below.