The digital currency market lost significant value in January 5. Bitcoin fell to $44K on Wednesday, the last trading session of the afternoon (EST). Virtually all coins have lost 24-hours worth, however, a number of crypto assets saw double-digit gains that have helped to halt the decline in crypto currency markets.
This Week’s Double-Digit Crypto Gainers
The crypto economy has dropped more than 7 percent to $2.16 trillion at the time this article was written. This is on Thursday 6 January 2022. Bitcoin (BTC), which has fallen below $44K from its $46K level 24 hours ago, is also down 7%. BTC’s current 24-hour range is between $46,901 per unit and a low of $42,466 per unit.
Others top-ranked crypto assets also have lost significant value. ETH is down over 10%; binance coin BNB has lost more than 8% and solana has dropped more than 11% USD. The weekly metrics were taken at 9:45 AM (EST) on January 6, 2022.
Although there was a significant drawdown in most of the crypto assets, many digital coins experienced double-digit seven day gains against the U.S. dollars. Osmosis (+41.3%) and cosmos (+34.9%) are both up this week. These two tokens follow fantom, ravencoin and internet computer (ICP), respectively (+32.5%), (+27.7%), (+27.7%)
MIOTA, SPELL SUSHI, KDA This Week: Double-Digit Losses
This week Harmony (ONE) rose 25.7%, chainlink is up 23.5%, yearn finance has increased 23.3% within seven days. The above gainers are celo and curve. Near, klaytn. thorchain. stellar. Helium. Kucoin token. bittorrent. And oasis. All of these gains have been 1% higher this week. The largest loser in the past seven trading days was MIOTA (iota), which lost 19.5%.
MIOTA follows spell token (SPELL), sushi (SUSHI), (-18.5%), kadena, (KDA), (-16.7%). As of the writing of this article, over a dozen stablecoins remain the only ones that have not succumbed to the 24-hour slide caused by their fiatpegs. All of these tokens command around $98.2 Billion in global trade volume. According to statistics, 61.95% were against stablecoins crypto assets.
What do you think about this week’s double-digit crypto asset gainers? Comment below and let us know how you feel about the subject.
Image creditShutterstock. Pixabay. Wiki Commons. coingecko. tradingview.
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