The cryptocurrency market continued its steady growth on Monday, reaching a value of $2.3 trillion, an increase of 1.72% in the past 24 hours. Over the past week, six cryptocurrencies have posted double-digit gains, while nearly 20 have suffered significant losses.
Crypto asset market exhibiting diverse movements
Cryptocurrency markets have had mixed results this week, with many cryptocurrencies experiencing declines or stagnant growth against the US dollar. Bitcoin is down 1.44% this week, while Ethereum is down nearly 4%.
Excluding BTC, ETH, and stablecoins, the highest trading volumes this week were recorded by SOL, BNB, DOGE, and PEPE. Additionally, this week saw significant trading activity on XRP, TON, SHIB, WIF, and WLD.
The best-performing crypto asset this week was Cheeelee (CHEEL), which rose 21.6% against the US dollar. Pepe (PEPE) was not far behind with his 13.8% increase, followed by his Render (RNDR) with his 13.7% increase.
AIOZ Network (AIOZ) stock rose 13.2% against the US dollar, Safe Network (SAFE) stock rose 13%, and Sochain Network (RUNE) stock rose 10.4%. Additionally, other notable performers include akash network (AKT) (+9.5%), kaspa (KAS) (7.1%), and tron (TRX) (+5.7%).
Conversely, around 24 cryptocurrencies recorded declines of 10% or more over the past week, with PENDLE recording the biggest decline. Pendle stock fell 20.5% for the week. The AI-focused cryptocurrency (TAU) fell 19.6%, while Zebec (ZBC) fell 15.7%.
Also this week, Stripe Banking (RBN) fell 15.5% and Wormhole (W) fell 14.3%. Other notable cryptocurrencies that have seen significant price declines this week include TIA, CORE, and HNT.