news.bitcoin.com
Over the past week, the cryptocurrency market has faced a decline, shedding $190 billion since Jan. 4. However, by Friday, as the weekend nears, the market exhibited a modest recovery, posting a 2.2% gain over the preceding 24 hours.
FAI and AIXBT Rocket While Crypto Economy Battles a Setback
The past week has been turbulent for the crypto economy, as many assets recorded losses ranging from single to double digits against the U.S. dollar. On Jan. 4, the total crypto market value stood at $3.49 trillion but has since dropped to $3.3 trillion, despite a 2.2% gain in the last 24 hours.
Bitcoin (BTC), which dipped perilously close to the $91,000 threshold, has recovered and is trading above $94,500. During Friday’s trading, BTC advanced by 2.5%. Ethereum (ETH) experienced a more subdued increase, gaining 1.5% to reach $3,270 per unit by 7 p.m. Eastern Time on Friday evening.
XRP rose by 2.45%, while solana (SOL) saw a 1.2% uptick. Dogecoin (DOGE) outperformed with a 4% climb, and cardano (ADA) advanced by 2.84%. Meanwhile, tron (TRX) edged up 1.79%. Among Friday’s top performers was freysa ai (FAI), soaring 33.13%, followed by aixbt by virtuals (AIXBT) with a 27.25% gain.
Bitcoin fork bitcoinsv (BSV) rose 25.65%, while ai rig complex (ARC) climbed 16.92%. Meme coin gigachad (GIGA) increased by 13.14%, and notcoin (NOT) advanced 12.27%. However, not all tokens shared in the positive momentum. Bio protocol (BIO) dropped 11.04%, and gas (GAS) declined by 9.15%.
Fartcoin (FARTCOIN) let out some steam and lost 2.99%, and aelf (ELF) slipped by 2.71%. The past 24 hours witnessed $308.87 million in liquidations within the crypto derivatives market, with $59.51 million of that involving BTC short positions. A total of 92,711 traders were liquidated during this period, including a single ETH trade on Binance valued at $12.13 million.