Market Week in Review: Crypto’s Highs and Lows With ICP and SNX Leading the Charge and Retreat

Over the past week, bitcoin and ethereum experienced humble declines, ranging from 1.8% to 3.6%, erstwhile compared to the U.S. dollar. Concurrently, respective crypto assets showcased awesome double-digit growth, with ICP, HNT, BONK, and WOO starring the surge passim these 7 days.

16 Crypto Assets Record Double-Digit Gains, 8 Witness Double-Digit Losses

Commencing connected Monday, Dec. 18, 2023, the crypto marketplace is valued astatine $1.61 trillion, marking a flimsy alteration of 1.9% from the erstwhile day. As the vacation play approaches, planetary trading volumes person dipped, yet successful the past 24 hours, a notable $76.24 cardinal was traded, a important 30% summation from the time before.

Throughout the week, net machine (ICP) emerged arsenic the apical performer, soaring by 85.5%. Helium (HNT) besides saw a singular emergence of 68.9%, portion the meme coin bonk (BONK) escalated by 68%. Additionally, woo web (WOO) appreciated by 57.1% against the dollar. Among the much than 11,000 cryptocurrencies listed, 16 experienced double-digit maturation this week.

Other notable performers this week included OSMO, INJ, ASTR, FET, TKX, STX, TIA, BGB, and GT. Besides BTC and ETH, XRP, SOL, and AVAX were salient successful trading volume. Despite this, XRP dropped by 4.4% implicit the week, portion SOL accrued by 3.1%, and AVAX surged by much than 10%. Other high-volume traders similar DOGE, BNB, LINK, and ADA besides remained successful the spotlight.

On the different extremity of the spectrum, synthetix web (SNX) emerged arsenic the week’s astir important loser, declining by 21.1%. BTT fell by 16.7%, LUNC by 15.9%, and KAS by 13.9% implicit the aforesaid period. Eight cryptocurrencies successful full registered double-digit losses, with MINA, XEC, EGLD, and LDO besides among the notable decliners.

As the twelvemonth draws to a close, marketplace uncertainty remains a prevalent theme, peculiarly successful the altcoin sector. Historically, the vacation play often witnesses a stagnation successful crypto commercialized volumes, with investors showing caution amidst festive distractions and year-end reflections. This play typically sees level trading activity, underscoring the cautious sentiment prevalent successful the marketplace during these last weeks of the year.

What bash you deliberation astir the week’s biggest crypto gainers and losers? Share your thoughts and opinions astir this taxable successful the comments conception below.