In the recent week, bitcoin and ethereum have regained their pace, with a specific set of nine cryptocurrencies posting significant gains in the double digits. During this period, CKB enjoyed a 47.1% uptick, BGB ascended by 21.6%, and TAO increased by 19.3%.
Highlighting the Week’s Crypto Victors and Losers
On Monday, April 8, 2024, the cryptocurrency market experienced a 4.56% expansion to $2.7 trillion in the last 24 hours. The global trading volume saw a 44% rise from the previous day, now standing at $84.22 billion.
Excluding BTC, ETH, and stablecoins, the highest volumes this week were captured by SOL, DOGE, BNB, XRP, and BCH. The standout performer this week was nervos (CKB), which escalated by 47.1% against the U.S. dollar, closely followed by bitget token (BGB) with a 21.6% leap. Bittensor (TAO) advanced by 19.3% and mantle (MNT) by 18.7%.
Additional noteworthy seven-day performers include ORDI (+18%), XEC (+13.5%), and NEO (+12.7%). Moreover, the meme coin segment is on the upswing, having increased by 10.9% in the past day. Notable risers in the meme coin category on Monday include DOGE, SHIB, WIF, PEPE, FLOKI, and BONK.
This week’s most significant decline was seen in Wormhole’s W, which fell by 26% over the week. The digital asset gate (GT) experienced a 22.6% fall. Aptos (APT) dropped by 19.4%, jupiter (JUP) by 17.2%, and conflux (CFX) declined by 15.1%.
Other notable decliners this week were SUI (-14%), PYTH (-11.6%), KAVA (-8.6%), and ONDO (-8.4%). Beyond BTC and ETH, in the derivatives markets, a notable number of short positions in the altcoin sector were eliminated. SOL, DOGE, and ORDI witnessed significant liquidations of short positions, and ENA long positions were also cleared. A total of $174.66 million in long and short positions was liquidated across various cryptocurrency derivatives markets.
What do you think about the week’s crypto gainers and losers? Share your thoughts and opinions about this subject in the comments section below.
