This Week Bitcoin and Ethereum Faced Losses, but These Altcoins Emerged Victorious! Discover the Altcoins with the Biggest Gains and Losses in the Week!
It seems like a challenging week unfolded for Bitcoin. Throughout the week, we observed significant declines in Bitcoin’s price, fluctuating between $62,000 and $53,800.
During this period, altcoins, particularly Ethereum, were hit hard as Bitcoin experienced its most prominent correction in the current bull cycle that began in November 2022.
Many analysts attribute this correction to the selling pressure induced by the initiation of Mt.Gox refunds and BTC transfers from the German and US governments.
These decreases also caused the greed index, which had been approaching 80% in recent weeks, to drop to 29.
While Bitcoin saw a weekly decline of up to 15%, the largest altcoin Ethereum (ETH) experienced a more significant drop of 18%.
In the midst of the losses suffered by Bitcoin and Ethereum, some altcoins took a hit while others surged in value.
According to CoinmarketCap data, among the top 100 coins, the following are some of the most profitable ones of the week:
[Insert list of altcoins with the most gains]
On the other hand, CoinmarketCap data also reveals the top 100 coins that experienced the most significant losses this week:
[Insert list of altcoins with the most losses]
*Please note that this information is not intended as investment advice.