The cryptocurrency market had a week of overall positive performance. While some altcoins posted major weekly gains, others fared worse. After Bitcoin and XRP’s rousing performance, many of the smaller digital assets had substantial declines. The week’s trading week showcased a crypto industry in flux, markedly volatile and a quickly developing ripple effect in changing investor attention and priorities.
Bitcoin recently closed around $117,200, for an 8.5% gain. XRP was up 21.8%, finishing at $2.71. XRP’s blistering run-up brought it back ahead of USDT to reclaim the title of third-largest digital asset by market capitalization.
Several altcoins posted significant gains. At the top of the podium was Stellar (XLM), which notched a dominant stellar 62.9% gain. Cardano (ADA) and Dogecoin (DOGE) were not far behind, climbing 21.2% and 19.5%, respectively. After HYPER turning in an incredible 361% gain, Graphite Protocol was up by a very solid 115%.
Not all cryptocurrencies experienced positive movement. Humanity’s number was down a whopping 45.6%, TXX was down 44% and SN fell by 41%. BGB closed the week down 1.3%. OKB was down 0.6%, and PI made a minor retreat of 0.2%.
Perhaps most importantly, none of the top 20 digital assets finished the week in the red. This indicates that even as smaller altcoins took a hit, the key players continued to show positive bullishness on the crypto market. This week’s wide performance divergence crypto-to-crypto reflects the differing risk appetites and investment strategies among purchasers in this fast-evolving bitcoin universe.
