According to CryptoPotato, the past week has been favorable for the cryptocurrency market, with the total market capitalization growing to $2.55 trillion, adding over $150 billion. This growth is attributed to impressive performances across various cryptocurrencies, including Bitcoin.
Bitcoin experienced a significant recovery, surging by 11% over the past seven days. Despite not being the top performer, Bitcoin’s price movement has been notable since July 14th. The price attempted to reach the $68K level but faced resistance and is currently trading below $67K. This performance has positively influenced the broader crypto market sentiment, which has shifted to a state of Greed with a score of 74, up from a state of fear with a score of 33 last week.
Among the best-performing cryptocurrencies, meme coins have dominated the top spots. POPCAT, a cat-themed meme coin, led the pack with a 60% increase over the past week. Following closely are dogwifhat (WIF) with a 53% increase, PEPE with 33.6%, and FLOKI with 33.4%. Other notable performers include Arweave (AR) and Core (CORE), which saw increases of 40% and 37%, respectively. Additionally, cryptocurrencies such as INJ, BONK, JUP, RUNE, TAO, and Mantra’s OM saw gains of around 30%.
However, not all cryptocurrencies experienced gains. UNI, AAVE, TRX, TON, ADA, and EGLD were the only altcoins in the red, with UNI being the worst performer, down by 5%. Despite these few exceptions, the overall market trend has been positive, with most cryptocurrencies charting increases over the week.