Saturday saw the global cryptocurrency market cap rise by 0.53% to $2.68 trillion. Over the past week, Ethereum and Bitcoin remained relatively stable, with Bitcoin edging up 0.3% and Ethereum dipping 2.4%. Approximately eight digital assets achieved double-digit gains during this period.
Market Shifts: OM Plummets 90%, Attention Returns to Leading Assets
The top performer this week was Threshold Network’s token (T), which surged 30.59% against the dollar. Close behind were Core DAO’s token (CORE) with a 27.15% rise and Theta Fuel (TFUEL) gaining 16.60%. Other notable gainers included:
- VTHO: +15.54%
- BRETT: +13.95%
- FET: +13.08%
- HYPE: +13.02%
- SC: +10.28%
Despite T’s weekly lead, the token dropped 9.9% in the last 24 hours.
Weekly Standouts and Decliners
Top Gainers:
| Token | Gain (%) |
|---|---|
| ACH | 9.79 |
| RAY | 9.52 |
| ULTIMA | 8.67 |
| GAS | 8.33 |
| AIOZ | 8.09 |
Biggest Losers:
- OM: -90.40%
- MOVE: -32.16%
- SPX: -21.93%
- BERA: -21.22%
Market Dynamics
Solana (SOL) recorded the highest trading volume after Bitcoin (BTC) and Ethereum (ETH), followed by XRP. BNB, TRUMP, DOGE, and TRX also saw significant activity. Key stats:
- BTC’s market cap: $1.68 trillion (63% dominance).
- ETH’s market cap: $195 billion (7.3% of total crypto market).
👉 Explore real-time crypto trends
Exchange Reserves Pressure Prices
Data from CryptoQuant reveals:
- Increased BTC and ETH exchange reserves heightened selling pressure.
- This could challenge price stability in coming days.
FAQ Section
Q: Why did OM drop 90% this week?
A: OM’s sharp decline likely reflects market corrections or project-specific issues. Always research tokens before investing.
Q: What’s driving T’s 30% surge?
A: Threshold Network’s utility updates or partnerships may have boosted investor confidence.
Q: Is Ethereum’s downturn temporary?
A: Market cycles are normal. ETH’s long-term fundamentals remain strong.
For deeper insights, check out 👉 crypto market analysis.
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