Last week, the total market capitalization of cryptocurrencies increased from $1.379 to $1.609 trillion, an increase of about 16.7%. Cryptocurrency market review by Coinidol.com.
During this trading session, Bitcoin also managed to hit a new 30-day high of $42,235, which shows that the week was bullish for the cryptocurrency market.
In the industry of wonders, we saw some cryptocurrencies like World of Waves (WOW, $0.002023) up about 1296002272%, Shield Network (SHIELDNET, $0.000012) up 5090%, Wall Street Games (WSG, $0.0000001693) up 584%, GGDApp (GGTK, $0.7924) up 519%, StarLink (STARL, $0.000007458) up 447%, and Node Runners (NDR, $101%).
However, the top 5 cryptocurrency gainers of the week among the top 100 tokens were THORChain (RUNE, $6.41) whose value increased by 72.8%, Quant (QNT, $126.3) which grew by 64%, Neo (NEO, $43.58) increased by 46%, Amp (AMP, $0.07202) increased by 38%, and Terra (LUNA, $10.97) increased by 37.95%
We also saw tokens like CAPITAL X CELL (CXC, $0.09033) fall about 98%, Tenshi (TENSHI, $0.0000000725) lose 94%, Crypto Village Accelerator (CVAG, $0.1119) fall 90%, ZOO -Crypto World (ZOO, $2.29) plunge 86%, and VNT Chain (VNT, $0.001375) fall 84%.
In addition, the top 5 cryptocurrency losers of the week among the top 100 tokens were Mdex (MDX, $1.09), which fell 4.25%, Compound (COMP, $394.89), whose value fell 4.10%, SHIBA INU (SHIB, $0.000006212) which shrank 3.86%, Theta Fuel (TFUEL, $0.3232) which dove 2.47%, SushiSwap (SUSHI, $8.25) which saw its value drop about 0.65%.
In general, the above cryptoassets experienced a declining trading period, but the magnitude of their decline was not large compared to what happened in the first week of July.
The best performer among the top 10 coins is Bitcoin (BTC), the world's largest crypto asset by market cap.
Bitcoin was trading at around $35,287 at the start of the week and is now changing hands at around $41,482 - representing a massive 7-day growth of around 23.5%.
The current market cap of BTC is over $779.645 billion, and the 24-hour trading volume is $34.86 billion. Bitcoin still dominates the crypto market with 48.3%.
Any upward movement above $42,000 will likely target the $44,000, $46,000, and $48,000 resistance levels. If the trend continues like this, the BTC price is expected to reach the $50,000 mark again in August, according to industry experts.