Last week was not the most favorable for financial markets. Due to the situation in the Middle East, almost all asset classes have suffered. Cryptocurrencies are no exception. As of the morning of October 16, 2023, the market capitalization of the industry was $1.06 trillion. Almost all leading digital coins and tokens have lost value over the last 7 days.
It should be noted that the flagship cryptocurrency Bitcoin (BTC) showed relatively good results. Its value decreased by only 0.2% during the reporting period. However, this happened due to the fact that over the past 24 hours the rate of the virtual coin jumped by 3.65%.
The world’s main cryptocurrency was trading at $27,850, and its total supply was $543.61 billion. Over the past 7 days, market participants executed transactions with BTC in the amount of $40.19 billion. The market dominance was 49.9%. The greed and fear index was 47, which meant traders’ sentiments were absolutely neutral.
At the same time, leading altcoins disappointed their holders. Ethereum (ETH) fell 3% over the week, Ripple (XRP) lost 4.5% of its value, Solana (SOL) fell 2.75%, and Cardano (ADA) dropped 2.15%.
The worst performing cryptocurrency of the past week among the top 100 was Mantle (MNT), whose quotes fell by 14% to $0.238. The total supply of tokens amounted to $1.02 billion. Over the past 7 days, transactions amounted to $206.38 million
However, there were also those cryptocurrencies on the market that brought significant profits to their investors. The best result was demonstrated solely by Loom Network (LOOM). Its rate soared by 121.6% in a week. At a distance of 30 days, the increase was already 722.6%. The digital asset could be purchased for $0.38. Capitalization -466.24 million. Trading volumes at the indicated distance – $7.53 billion.