On Monday, September 23, 2024, the cryptocurrency market reached a total value of $2.22 trillion, increasing by 1.3% in just 24 hours. Over the past week, Bitcoin (BTC) has risen 8.7% against the US dollar, while Ethereum (ETH) has posted an impressive 15.8% gain. However, other digital currencies outperformed both top coins, posting even greater gains.
Biggest crypto movers of the week: CEL rises, BNX declines
The Celsius network token (CEL), pegged to the now-defunct firm Celsius, soared 339% against the dollar, making it the only triple-digit gain in the past seven days. The trailing CEL index was paal ai (PAAL) with a gain of 73%.
Immutable X (IMX) jumped 48% and sui crypto (SUI) jumped 42%. Other notable gainers include ARKM (+41.25%), AERO (+38.95%), APT (+37.09%) and MOG (+29.06%).
Besides BTC, ETH and stablecoins, SOL was the leader in trading volume this week, followed by BNB, XRP, SUI, DOGE, NEAR, PEPE and ONDO. Despite the overall market rally, several tokens (about six) suffered, losing between 5% and 15%.
Binaryx (BNX) was the biggest loser, falling 15.04% against the US dollar. Catizen (CATI) followed with a loss of 14.10%, while Trust Wallet Token (TWT) fell 11.51%.
Dogs (DOGS) stock is down 10.43%, fasttoken (FTN) is down 7.71%, and Rollbit (RLB) is down 5.55% over the past week. Despite this week’s rally, it’s surprising to see a token like CEL, with no active use case, rise so sharply—momentum that likely won’t continue.
What did you think of the cryptocurrency market’s action last week? Share your thoughts and opinions on this in the comments section below.
