On January 5, digital currency markets shed a great deal of value as bitcoin dropped below the $44K handle during the late afternoon (EST) trading sessions on Wednesday. Nearly every coin has shed 24-hour value, but a slew of crypto assets have seen double-digit gains and have managed to stave off the crypto economy downturn.
This week’s double-digit crypto winners
At the time of writing, the crypto economy is down more than 7% to a low of $ 2.16 trillion on Thursday, January 6, 2022. The price of bitcoin (BTC) has lost 7%. % this week and fell below $ 44. Zone K in the $ 46,000 area where she had been sitting 24 hours previously. BTC’s current 24-hour range is between $ 46,901 per unit and a low of $ 42,466 per unit.
Other top crypto assets have shed significant value as well as ethereum (ETH) is down more than 10%, binance coin (BNB) has lost over 8%, and solana (SOL) has dipped more than 11% in USD value. Weekly metrics were recorded on January 6, 2022, at 9:45 a.m. (EST).
Despite the large drop in most of the 12,000 existing crypto assets, a number of digital coins posted double-digit seven-day gains against the US dollar. For example, osmosis (OSMO) is up 41.3% this week, and the cosmos (ATOM) has jumped 34.9%. These two tokens are followed by the fantom (FTM) (+ 32.5%), the ravencoin (RVN) (+ 27.7%) and the Internet computer (ICP) (+ 25.9%).
MIOTA, SPELL, SUSHI, KDA See Double-Digit Losses This Week
Harmony (ONE) jumped 25.7% this past week, chainlink (LINK) is up 23.5%, and yearn finance (YFI) has increased 23.3% in seven days. In addition to the aforementioned gainers, celo, curve, mina protocol, near, klaytn, thorchain, stellar, helium, kucoin token, bittorrent, and oasis are still up this week with 1% gains or higher. The biggest loser during the last seven days was iota (MIOTA) as the crypto asset shed 19.5% in value.
MIOTA is followed by spell token (SPELL) (-18.8%), sushi (SUSHI) (-18.5%) and kadena (KDA) (-16.7%). At the time of writing, over a dozen stablecoins are the only tokens that have successfully avoided the 24-hour slip thanks to their fiat pegs, and all of them represent a global trade volume of around 98.2. billions of dollars. Statistics show that 61.95% of all trades on January 6 are against the myriad of stable crypto assets.
