It’s been a rough ride for most cryptocurrencies this past week, with only a handful managing to come out ahead. Among the winners, ONDO led the pack with a 13.2% gain, followed by TON with an 11.3% increase, PENDLE with a 6% growth, and LEO with a modest uptick of 0.5%.
Crypto Market Recap
Few Bright Spots in a Tough Week The crypto landscape this week was marked by scarcity in winners and abundance in losers. The total crypto market value now sits at $2.36 trillion, showing a slight 1.87% uptick from yesterday. Bitcoin (BTC) took a hit, dropping by 9.9% over the week, while ethereum (ETH) fared even worse with a 12.7% decline. ONDO was the standout winner, boasting a 13.2% increase this week, with an additional 10% surge in the past day.
TON followed closely, rising by over 3% today and securing the second-highest spot with an 11.3% gain against the U.S. dollar. PENDLE also showed promise, climbing by 6% this week and spiking by 15% in the last 24 hours. LEO’s gains were meager, with just a 0.5% increase, although it dipped by 0.16% by Monday afternoon. On the flip side, more than 26 cryptocurrencies experienced losses exceeding 30%.
The BRC20 token ORDI took the hardest hit, plummeting by 39.3% in value. Following regulatory concerns from the U.S. Securities and Exchange Commission, Uniswap’s UNI fell by 35.4%. BONK, Wormhole’s W token, WLD, FIL, and several others also saw significant declines.
With the Bitcoin halving event looming just days away, the crypto world braces for potential turbulence. While a few coins show resilience with modest gains, most are struggling, underscoring the unpredictable nature of digital currencies during critical moments. With $2.36 trillion at stake, stakeholders tread cautiously, aware of the fragile balance in the crypto economy’s future.
