Over the past day, a considerable number of crypto assets have experienced a decline. However, looking at the seven-day performance, several of them have maintained a substantial increase. For example, bittorrent (BTT) has seen a significant surge of 188% in the last week, while bonk (BONK) has also recorded a 100% rise during the same period.
Market Watch: Identifying This Week’s Crypto Fortunes
Today’s markets have dipped, showing a nearly 5% decline across the spectrum, as per the latest figures on Monday, Dec. 11, 2023. Despite this downtrend, a significant number of cryptocurrencies have recorded impressive gains over the last week.
Leading the surge, BTT and BONK have escalated by 188% and 100% respectively. Other top performers include Avalanche (AVAX), with a 69.4% increase, and helium (HNT), which climbed 62.4%. Additional noteworthy risers such as beam (BEAM), kucoin (KCS), injective (INJ), and immutable x (IMX) have all experienced growth ranging from 40% to 65%.
In the past 24 hours, the crypto economy witnessed a global trade volume of $112.78 billion, with the overall market value standing at $1.62 trillion. Bitcoin continues to dominate the market with a 50% share of the total capitalization, while ethereum holds a substantial 16.3%.
Concurrently, several digital currencies have faced setbacks over the week, with terra luna classic (LUNC) leading the decline by falling 28.7%. Other cryptocurrencies like IOTA, KASPA, STX, and RUNE also encountered losses, decreasing by 17.3%, 15.7%, 14.9%, and 11.6% respectively over the week.
The downward trend extended to other notable names against the U.S. dollar, including AAVE, ILV, MKR, CFX, and BCH, each losing between 6.5% to 9% this week. Overall, 20 tokens faced declines, with six of them experiencing double-digit drops.
The crypto market’s recent trajectory presents a complex picture. While the overall market has seen a downturn, several cryptocurrencies, notably BTT, BONK, AVAX, and HNT have defied the trend with significant seven-day gains.
What do you think about this week’s crypto gainers and losers? Share your thoughts and opinions about this subject in the comments section below.
by Jamie Redman via Bitcoin News
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