Crypto Market's Weekly Winners and Losers
This week saw a $19 billion wipeout in the crypto space. Some notable crypto assets performed well, while others declined.
- Zcash [ZEC]
- Memecore [M]
- Tether Gold [XAUt]
led the week in gains, with Zcash [ZEC] topping the list with a 66%+ jump. On the other hand, DoubleZero [2Z], Pump.fun [PUMP], and MYX Finance [MYX] saw significant declines.
Crypto was a rollercoaster this week.
Despite the chaos, institutions continued to invest, with crypto ETFs pulling in a record $5.9 billion. Bitcoin [BTC] also showed resilience, with a brief surge past $126k before the market wipeout.
In other news, ICE invested $2 billion in Polymarket, and S&P launched a new crypto index. Regulators remained active, and mid-caps like Zcash [ZEC] quietly gained attention.
Author's summary: Crypto market sees $19 billion wipeout amidst institutional investment.
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