The cryptocurrency market experienced significant volatility over the past week, Bitcoin surged to nearly $40,000 on December 2, marking a 5.19% increase compared to the previous 7 days.
The cryptocurrency market experienced significant volatility over the past week, Bitcoin surged to nearly $40,000 on December 2, marking a 5.19% increase compared to the previous 7 days. This marked the seventh consecutive week of price increases for Bitcoin. Despite Bitcoin's strong performance, it did not lead the list of highest-gaining tokens for the week, according to CoinMarketCap.
Among the top 100 ranked tokens on CoinMarketCap, Terra Classic (LUNC), IOTA (IOTA), and Celestia (TIA) demonstrated the most impressive upward momentum. Specifically, LUNC increased by a remarkable 96.44% in value compared to the previous Sunday (November 26), currently standing at $0.0001521 USD. This means that investors who put $100 into LUNC over the weekend could have gained nearly $96 in profit.
In addition to LUNC, IOTA (IOTA) also saw a substantial increase of nearly 73.94% in value over the past week and a 27.01% increase in the last 24 hours. For IOTA, a $100 investment could yield a return of $74, and investors who put $100 in IOTA just a day ago could have earned a 27% profit in 24 hours.
Celestia's token, TIA, also belonged to the top-performing group, with a current price of $8.78 USD, reflecting a 54% increase compared to the previous Sunday.
Other notable tokens in the top 10 with significant gains over the past week include ORDI (ORDI) with a 47.86% increase, THORChain (RUNE) with a 30.57% increase, Stacks (STX) with a 24.93% increase, Terra (LUNA) with a 22.94% increase, SEI (SEI) with a 15.51% increase, BEAM (BEAM) with a 14.32% increase, and Oasis Network (ROSE) with a 10.65% increase.
On the flip side, while some tokens experienced decreases over the past 7 days, the declines were not substantial. The three tokens with the most significant decreases were Klaytn (KLAY) down 10.33%, Blur (BLUR) down 7.13%, and Bitget Token (BGB) down 6.39%. Most tokens in the top 100 on CoinMarketCap that experienced decreases remained below 10%.
In addition to price movements, here are some noteworthy developments in the cryptocurrency market that investors are paying attention to:
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