The past week has been unfavorable for the majority of cryptocurrency assets, with only four digital currencies recording gains. ONDO appreciated by 13.2%, TON increased by 11.3%, PENDLE grew by 6%, and LEO saw a slight uptick of 0.5%.
The total crypto market value stands at $2.36 trillion, reflecting a 1.87% increase from yesterday. However, Bitcoin (BTC) declined by 9.9% over the week, while Ethereum (ETH) dropped by 12.7%.
ONDO was the week’s biggest crypto gainer in terms of market performance. Amid a week of severe crypto lows, TON and ONDO recorded gains despite broad market declines. TON has risen over 3% today and was the second-highest gainer of the week, up 11.3% against the U.S. dollar. PENDLE also climbed by 6% this week and has increased by 15% over the last 24 hours. LEO’s gains were minimal, with only a 0.5% increase, though it has decreased by 0.16% as of Monday afternoon.
Regarding this week’s losers in the crypto space, over 26 cryptocurrencies experienced losses exceeding 30%. ORDI was the week’s biggest crypto loser in terms of market performance. The BRC20 token ORDI was the biggest loser, dropping 39.3% in value. Following the U.S. Securities and Exchange Commission’s Wells Notice, Uniswap’s UNI fell 35.4%. BONK diminished by 35%, and Wormhole’s W token decreased by 34.8%. WLD and FIL saw declines of 34.2% and 33.6%, respectively. Other significant losers include WIF, GALA, DYDX, CHZ, APT, and AAVE.
As the Bitcoin halving event draws near, only days away, the cryptosphere teeters on the brink of significant volatility. While some coins have shown resilience with modest gains, the overwhelming majority have faltered, highlighting the unpredictable nature of digital currencies during pivotal moments. With $2.36 trillion on the line, stakeholders brace for potential upheavals, remaining cautious as the future of the crypto economy hangs in a delicate balance.
BitminerFactory is brought to life by Darrell Houghton, our astute publisher. With a deep-rooted passion for crypto and crypto mining spanning many years, Darrell’s unwavering enthusiasm fuels his daily quest for knowledge. He is eager to share the pivotal news stories of the day while also providing his own analysis and commentary with Bitminer Factory’s readers.
Source: Bitcoin.com
