This week, Bitcoin experienced a growth of over 6% against the U.S. dollar, while Ether saw a more modest increase of over 3% during the same period. Additionally, more than twelve alternative cryptocurrencies recorded double-digit gains ranging from 10% to 33.4%.
In terms of overall cryptocurrency market value, as of Monday, it stood at $2.41 trillion, indicating a slight rise of 0.03% in the past day. Furthermore, global trading volume in crypto assets reached $59.98 billion, marking an impressive increase of over 26% compared to Sunday.
Among the top gainers over the past seven days, Pendle (PENDLE) secured the leading position, with a remarkable climb of 33.4% against the U.S. dollar. Pendle also witnessed a surge of over 12% in the last day. Fantom (FTM) followed closely with a significant increase of 31.4%, while Chainlink (LINK) rose by 21.8% this week.
Solana (SOL), Ondo (ONDO), Arweave (AR), Safe (SAFE), and Theta (THETA) were also notable gainers, each experiencing gains ranging from 13.8% to 20.7% against the U.S. dollar in the past week.
Excluding Bitcoin (BTC), Ethereum (ETH), and stablecoins, the highest trading volumes this week were recorded by Solana (SOL), Binance Coin (BNB), XRP, Dogecoin (DOGE), Pepe (PEPE), Chainlink (LINK), Dogwifhat (WIF), and Pyth (PYTH).
On the other hand, while the overall trend was positive, three digital assets registered double-digit losses. Worldcoin (WLD) faced the largest decline, dropping by 19.4% against the U.S. dollar. Dogwifhat (WIF) followed with a decrease of 13%, and Toncoin (TON), a newcomer to the top ten, fell by 11.7%.
Additional notable losses were observed in ENA, RNDR, W, MNT, and TIA, with declines ranging from 4.9% to 9.3%. DYDX, Binance Coin (BNB), Cosmos (ATOM), and Lido (LDO) also experienced losses ranging from 4.1% to 4.8% over the week.
What are your thoughts on the performances of the crypto market this week? Share your opinions and insights in the comments section below.