The winners and losers split the top ten cryptocurrencies almost equally.
The total market value of cryptocurrencies remained roughly the same this week.
#BTC came under pressure as its price was affected by the outflow of funds from ETFs.
This week's cryptocurrency market was mixed, with winners and losers distributed almost equally among the top 10 crypto assets. While some coins successfully capitalized on the bullish sentiment, others struggled to maintain an upward trajectory.
The second week in a row the largest increase is demonstrated by Solana, which rose in price by 7.2%. It was followed by #XRP , which rose by 3.4%, while Tron and #BTC also showed modest growth of 2.2% and 1.4%, respectively.
On the contrary, Troncoin suffered the largest losses, falling by 8.5%. The second-largest cryptocurrency, Ethereum, fell 6.8%, mainly due to outflows from Grayscale's Ethereum ETF; while the ETF market as a whole saw inflows, Grayscale's fund faced significant redemptions due to its high fee structure.
Cryptocurrencies Avalanche and #Cardano also saw inflows, losing 6.4% and 4.6%, respectively, while #Binance Coin and Dogecoin joined the list of losers, losing 2.5% and 1%, respectively.
Four of the top ten cryptocurrencies rose in value last week. Below is a summary of the results:
Six of the ten largest cryptocurrencies lost in value last week. The percentages are as follows:
This is just a snapshot of the market at the time of writing. Since cryptocurrency prices are constantly fluctuating, it is important to do your own research before making an investment decision.
The cryptocurrency market is inherently volatile, and sharp price fluctuations are common to all digital assets.
One week's performance may not accurately reflect long-term market trends or the overall state of the cryptocurrency ecosystem.
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