The past week was one of most bearish for major coin is the crypto market. This comes after several lost considerable amounts of their value during this period. Due to this, the global cryptocurrency market also saw a decrease in worth.
The week began with a global cryptocurrency market cap of $2.60 trillion, but it continued to rise steadily thereafter. As a result, the sector reached its peak at $2.77 trillion by the third day. However, following this peak, a slight downtrend ensued. By the end of the week, the industry’s value had dropped to a low of $2.52 trillion.
This marked the first time in over three weeks that the global cryptocurrency market cap closed with significant losses, following a nearly 5% decline in the previous intraweek session.
Despite the overall bearish sentiment in the market, certain altcoins saw notable increases. One such altcoin is Jupiter, which started the previous seven-day session at $0.78 and closed at $1.42. During this period, it surpassed the $1.50 mark and even approached $1.60, ultimately closing with gains of over 80%. Similarly, Fantom experienced a similar trend, with gains exceeding 13% during the same period.
Conversely, major assets witnessed significant price declines. The question remains: will this downward trend persist over the next five days?
Top Three Cryptocurrencies to Watch
Bitcoin
Ethereum
Solana
