This week, a set of six cryptocurrencies, including LUNC, ORDI, IOTA, TIA, STX, and WEMIX, surged by over 50% against the dollar. LUNC, marking an impressive rise of 122.5%, mirrored the ascent of BTC, reaching levels not seen since the Terra LUNA event.
Meanwhile, ORDI surged by 118%, IOTA by 89.9%, TIA by 54.2%, WEMIX by 52.5%, and STX by 50.3%. The total crypto market value now sits at $1.611 trillion, up 3.9% from the prior day.
The global crypto trading volume stands at around $106.47 billion across 11,277 cryptocurrencies and 940 exchanges. As of December 4, 2023, Bitcoin dominates the market at 50.9%, with Ethereum following at 16.8%.
Beyond the top performers, FXS, NEAR, RUNE, LUNA 2.0, and TAO also saw over 20% growth against the U.S. dollar. However, TON, INJ, BGB, AXS, ILV, and LEO faced declines of more than 2% in the past week.
Tether (USDT) leads trade volumes with $55.40 billion, followed by Bitcoin (BTCUSD) at $29.67 billion globally. Other high-volume players include ETH, SOL, XRP, DOGE, BNB, and LUNC.
Amid these rises, Coinglass data reveals substantial liquidations, totaling $182.58 million in the last 24 hours. BTC, ETH, SOL, LUNC, STX, LINK, and ORDI witnessed significant liquidations, with BTC at $1.39 million, ETH at $625K, and SOL at $567K during the same period.
