Crypto’s Gainers and Losers: BTT and BONK Spike Amidst Overall Downturn

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.

Source