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Crypto Market Recap: Winners and Losers Amidst Volatility

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.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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