Crypto market’s weekly winners and losers – SPX, ENA, BGB, HYPE
The post Crypto market’s weekly winners and losers – SPX, ENA, BGB, HYPE appeared on BitcoinEthereumNews.com.
SPX6900, Fartcoin, and Ethena were the biggest winners in the past week. Bitget Token, Hyperliquid, and OKB were the biggest winners on the other end of the table. The cryptocurrency market continues to display its trademark volatility, bringing a mix of exceptional gains and significant losses this week. From SPX6900’s [SPX] explosive rally to Bitget Token’s [BGB] bearish slump, market participants witnessed dramatic shifts in sentiment and price movements. This article provides a comprehensive breakdown of the top gainers and losers, analyzing the factors behind these trends and what they may mean for the week ahead. Biggest winners SPX6900 [SPX] SPX6900 emerged as the star of the week, delivering a remarkable 45% surge. It started the week trading at $0.9157, logging a modest 3% uptick before volatility struck, causing a 6% dip. This initial pullback may have shaken off weaker hands, but it set the stage for an extraordinary rally. On the 2nd of January, SPX gained nearly 26% in a single session, driven by bullish sentiment and robust market momentum. The rally pushed SPX past key psychological resistance levels, demonstrating strong investor interest. By the end of the week, it closed at $1.3240, cementing its position as the top performer among cryptocurrencies. From a technical perspective, SPX’s ability to post higher highs consistently indicates bullish strength. While such explosive growth often invites profit-taking, the sustained interest suggests the potential for further gains in the near term, particularly if broader market conditions remain supportive. Fartcoin [FARTCOIN] Fartcoin [FARTCOIN] secured the second spot among the week’s top gainers with a 35% increase despite a turbulent start. The week began with a 12% dip to $0.8655, reflecting bearish sentiment. However, the token rebounded strongly, fueled by speculative buying and renewed market confidence. The most notable rally occurred on the 2nd of January,…
Filed under: News - @ January 5, 2025 7:11 pm