Bitcoin and Ethereum Lead the Way
In the past week, the value of bitcoin has surged by over 14%, while ethereum has also experienced a notable 13% increase against the U.S. dollar. These two leading cryptocurrencies have paved the way for the overall growth of the crypto market, which currently features over 11,000 cryptocurrencies spread across 940 exchanges.
The crypto market is currently enjoying steady growth, with its total worth reaching $1.7 trillion. In the last 24 hours alone, the market has witnessed a 2.8% rise, highlighting the increasing interest and investment in digital currencies.
Top Weekly Gainers
While bitcoin and ethereum dominate the headlines, there are several other cryptocurrencies that have experienced impressive upticks in value over the past week.
Leading the charge is the meme coin bonk (BONK), which has seen a significant 226% increase against the U.S. dollar. Following closely behind are ORDI with a 146% surge and BTT with a 117% jump. These three cryptocurrencies have emerged as the top gainers with triple-digit increases.
Other notable gainers include Terra luna classic (LUNC) with a 72% growth and beam (BEAM) with a 60% rise. WEMIX (+60%), HNT (+51%), STX (+43%), and LUNA 2.0 (+40%) have also enjoyed double-digit growth.
High-Volume Tokens in Global Trade
When excluding bitcoin, ethereum, USDT, and USDC, there are several high-volume tokens that have dominated global trade volume this week. SOL, XRP, DOGE, LINK, ADA, and BNB have all registered increases ranging from 7% to 21% over the past week.
Weekly Losers
While the majority of cryptocurrencies have experienced gains or remained stable, there are a few that have seen a decrease in value. Maker (MKR) saw a 6.4% decrease, while Bitfinex's LEO token dipped by 4.3%. TON fell by 4.3%, BGB by 4.1%, and ILV by roughly 3.8%.
Other cryptocurrencies that experienced a downturn this week include KAS, AAVE, and OKB. Overall, only eight cryptocurrencies recorded losses against the U.S. dollar in the past week.
Share Your Thoughts
What are your thoughts on this week's biggest gainers and losers in the cryptocurrency market? Feel free to share your opinions and insights in the comments section below.
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