Well, folks, the crypto rollercoaster was in full swing this week, and let's just say some coins got queasy. ETH, TON, SHIB, and AVAX were singing the blues, ranking among the week's biggest underperformers.
Bitcoin, our headliner, tried to keep up appearances but still couldn't escape a minor 2% weekly loss. It was a wild ride for the altcoins, with most of them splashing around in the red sea, though Solana and Tron managed to stay afloat and even score some gains!
The week kicked off with Bitcoin strutting its stuff at $69,500, its best look since July. But alas, the party was short-lived. By the end of the day, BTC took a nosedive and continued to tumble, hitting a low of $65,000 by midweek. Thursday saw a bit of a comeback, but some Tether rumors tripped it up again, sending it to $65,500. Thankfully, the bulls charged in for a rescue, nudging Bitcoin back up to a slightly more respectable $67,000.
Despite the drama, Bitcoin's weekly dip was 1.6%, and its market cap took a hit, dropping to $1.325 trillion. Nevertheless, Bitcoin's dominance over the altcoins climbed to 55.6%, a high not seen since 2021.
Let's talk altcoins now. Ethereum seemed stuck in a rut, losing 6% and struggling below the $2,500 mark. Toncoin, Avalanche, and Shiba Inu weren't much better, with losses around 8%. It gets even bleaker for Polkadot, NEAR, SUI, and a handful of others, which saw declines up to 15%.
But not all is doom and gloom! Solana and Tron were the superheroes of the week. Solana jumped up 8.5%, landing above $170, while Tron surged 6%, sitting pretty at over $0.166.
In the grand crypto scheme, the market cap shed over $60 billion since last Sunday, dropping below $2.390 trillion. But hey, that's the crypto world for you—always keeping us on our toes!
