The cryptocurrency market has concluded this week on a bearish note, resulting in top tokens losing significant value in their respective portfolios during this period. Moreover, the altcoin market displays increased volatility, as multiple tokens have plunged over 10% within 24 hours.
The AB crypto, one of the most highlighted token of this week, had recorded a top of $0.0157. However, it experienced a pullback around the $0.010 mark today and is exchanging hands at $0.0109 as the profit booking among the investors recorded a massive rise.
The Virtual Protocol token witnessed a similar price trend by losing approximately 11% today with a trading volume of over $190.66 million. As a result, the VIRTUAL price is currently listed at $1.44 . With this, it has lost the $1 billion valuation market and is at $938.94 million at the time of writing and is listed at $0.999.
On the other hand, SPX6900 recorded the highest loss among the memecoin market with a crash of just over 10.5%. Considering the present market sentiments, this weekend could play a crucial role for the price performance of next week.
Coming to the top cryptocurrencies, the top 5 have each recorded a negative price action over the past 24 hours. Adding to this, all these tokens have displayed a negative price action over the last seven days, suggesting increasing bearish action.
Trending Cryptos Today
BugsCoin (BGSC)FUNToken (FUN)Ethereum (ETH)Sei (SEI)Solayer (LAYER)
Top Gainers & Losers Today
Crypto Market Cap Overview
The overall cryptocurrency market records a consolidated price action today as it has recorded a change of >1% in its valuation as per CoinMarketCap data. Moreover, with a drop of 2.94% in its daily trading volume to $93.65 billion, the market valuation stands at $3.2 trillion.
Additionally, the Fear & Greed Index is currently at 43 (Neutral) with its Altcoin season index at 18/100, highlighting an ongoing Bitcoin season. Further, the CoinMarketCap 100 index is valued at $196.36, a change of -0.87%.
Also Read: Weekly Wrap: Stablecoin Bill Moves Ahead, Ripple-SEC Lawsuit Continues, Tron IPO Buzz, and More
