The crypto market experienced a broad uptrend over the past week, with both Bitcoin and Ethereum rising 10% against the U.S. dollar. However, the standout performer was meme token Mog Coin (MOG), which surged 54.9% to lead all digital assets in weekly gains. Here is a detailed breakdown of the week's top movers.
Top 5 Weekly Gainers
Leading the charge, Mog Coin (MOG) posted an impressive 54.9% increase. Zcash (ZEC) followed with a 44% rally, while Aerodrome Finance (AERO) gained 39.6%. Vechain (VET) appreciated by 36.1%. Other notable performers include STX, TRUMP, ICP, VTHO, MKR, PEOPLE, and OM, all recording double-digit advances.
Market Breadth and Volume
At the start of the week, roughly 27% of cryptocurrencies exhibited positive price action. Excluding stablecoins, Bitcoin, and Ethereum, the highest trading volumes this week were recorded by SOL, BNB, XRP, PEPE, DOGE, NOT, ADA, WIF, and TRX. Global 24-hour trading volumes surged 26.85% from the previous day, signaling renewed investor interest.
Biggest Losers
Only a handful of assets ended the week in the red. Render Token (RNDR) was the worst performer, declining 7.19%. Aelf (ELF) dropped 6.75%, and Notcoin (NOT) fell 6.3%. Other significant decliners include TURBO, OCEAN, FLR, AKT, and ARKM.
Macro Context
The crypto rally coincided with a rise in U.S. stock markets. Notably, the yield on the 30-year Treasury bond exceeded the 2-year yield for the first time since early 2024, an inversion unwind that may signal shifting expectations for the economy.
What do you think about this week's crypto market performance? Share your thoughts in the comments below.