Despite Crypto Market Drop, Weekly Earnings Reveals OSMO, ATOM, FTM and a Large Number of Other Assets Glow – Market Updates Bitcoin News

 

On January 5th, the digital currency market fell sharply after bitcoin fell below $44,000 during the Wednesday afternoon (EST) trading session. Almost every coin depreciated within 24 hours, but a large number of encrypted assets achieved double-digit growth and managed to survive the downturn of the crypto economy.

This week’s double-digit cryptocurrency winners

At the time of this writing, the crypto economy is down more than 7% to a low of $2.16 trillion on Thursday, January 6th, 2022. Bitcoin (Bitcoin) price is down 7% this week and fell below the $44,000 area from the $46,000 area 24 hours ago. Bitcoin is currently trading in a 24-hour range between $46,901 per unit and a low of $42,466 per unit.

Other top crypto assets have declined sharply such as Ethereum (Ethereum) falling over 10%, Binance Coin (Bitcoin) falling over 8%, and Solana (SOL) down over 11% in dollar value. The weekly indicator was recorded on January 6, 2022 at 9:45 am (Eastern Standard Time).

Although most of the existing 12,000 crypto assets have shrunk significantly, many digital coins have achieved double-digit gains against the U.S. dollar in 7 days. For example, penetration (OSMO) rose 41.3% this week, and the universe (atom) Rose by 34.9%. Followed by fantom (FTM) (+32.5%), ravencoin (RVN) (+27.7%) and Internet Computer (ICP) (+25.9%).

MIOTA, SPELL, SUSHI, KDA lose double digits this week

Harmony (ONE) is up 25.7% last week, Chainlink (LINK) is up 23.5%, and Year Finance (YFI) is up 23.3% in 7 days. In addition to the above risers, Celo, Curve, Mina Protocol, Near, Clayton, Thorchain, Stellar, Helium, Kucoin Token, BitTorrent and Oasis are also rising this week with gains of 1% or more. The biggest loser in the last 7 days is iota (MIOTA), as the value of the crypto asset has fallen by 19.5%.

MIOTA is followed by SPELL (-18.8%), SUSHI (-18.5%) and Kadena (KDA) (-16.7%). At the time of writing, there are over a dozen stablecoins that are the only coins to survive a 24-hour drop, with a global trading volume of approximately $98.2 billion. Statistics show that 61.95% of all transactions that took place on 6 January were for unencumbered stablecoin encrypted assets.