💥💥💥 Which #Altcoins👀🚀 Gained and Losed the Most This Week While #bitcoin and #Ethereum Recovered?
This week, Bitcoin appears to have turned a corner, showing steady recovery after a challenging period.
The rebound was fueled by positive US inflation data and optimistic remarks from FED Chairman Jerome Powell. These developments have also heightened expectations for a potential interest rate cut by the FED in September.
Analysts generally believe that the sharp declines are now behind us, anticipating a stable market until September, with a possible rise thereafter. The Fear and Greed Index, which had surged to 80% (indicating extreme greed) in recent weeks, has now fallen to 25% (extreme fear) due to these fluctuations.
Bitcoin saw a 4.6% increase over the past week, while Ethereum (ETH) outperformed with a 6.4% weekly gain. The positive momentum in Bitcoin and Ethereum has also impacted altcoins, although individual performance varied.
According to CoinMarketCap, the top-performing coins this week among the top 100 are:
1. Mog Coin (MOG)
2. Maker (MKR)
3. AAVE
4. XRP
5. VeChain (VET)
Conversely, the coins that experienced the greatest losses are:
1. Render (RNDR)
2. Akash Network (AKT)
3. Ethena (ENA)
*Please note, this information is not financial advice.
Source - en.bitcoinsistemi.com
