Bitcoin and Ethereum Experience Modest Declines, While 16 Crypto Assets Record Double-Digit Gains

Over the past week, both bitcoin and ethereum saw slight decreases in value when compared to the U.S. dollar. Bitcoin declined by 1.8%, while ethereum experienced a 3.6% drop. However, amidst these declines, several other cryptocurrencies showcased impressive double-digit growth, with internet computer (ICP), helium (HNT), bonk (BONK), and woo network (WOO) leading the surge.

16 Crypto Assets Record Double-Digit Gains, 8 Witness Double-Digit Losses

Starting on Monday, Dec. 18, 2023, the total value of the crypto market stood at $1.61 trillion, marking a slight decrease of 1.9% from the previous day. As the holiday season approaches, global trading volumes have dipped. However, in the past 24 hours, a notable $76.24 billion was traded, representing a significant 30% increase from the day before.

Throughout the week, internet computer (ICP) emerged as the top performer, soaring by an impressive 85.5%. Helium (HNT) also experienced a remarkable rise of 68.9%, while bonk (BONK) escalated by 68%. Additionally, woo network (WOO) appreciated by 57.1% against the dollar. Out of the more than 11,000 cryptocurrencies listed, 16 experienced double-digit growth during this week.

Other notable performers this week included OSMO, INJ, ASTR, FET, TKX, STX, TIA, BGB, and GT. Apart from bitcoin and ethereum, XRP, SOL, and AVAX also had significant trading volumes. However, XRP experienced a 4.4% decline over the week, while SOL increased by 3.1% and AVAX surged by over 10%. Other high-volume traders, such as DOGE, BNB, LINK, and ADA, also remained in the spotlight.

On the flip side, synthetix network (SNX) emerged as the biggest loser of the week, declining by 21.1%. BTT fell by 16.7%, LUNC by 15.9%, and KAS by 13.9% over the same period. In total, eight cryptocurrencies registered double-digit losses, with MINA, XEC, EGLD, and LDO among the notable decliners.

As the year comes to a close, market uncertainty continues to be a prevalent theme, especially in the altcoin sector. Historically, the holiday season often witnesses a stagnation in crypto trade volumes, as investors exercise caution amidst festivities and year-end reflections. This period typically sees flat trading activity, highlighting the prevailing cautious sentiment in the market during the final weeks of the year.

What are your thoughts on the biggest gainers and losers in the crypto market this week? Share your opinions in the comments section below.


How To

The best way to buy gold (or silver) online

To buy gold, you must first understand how it works. It is a precious metal that is very similar to platinum. It's rare and often used to make money due its resistance and durability to corrosion. It is hard to use, so most people prefer jewelry made of it to real bars of gold.

There are two types currently available: legal tender and bullion. Legal tender coins are those that are intended for circulation in a country. They typically have denominations of $1, $5 or $10.

Bullion coins should only be used for investment purposes. Inflation can cause their value to increase.

They can't be exchanged in currency exchange systems. For example, a person who buys $100 worth or gold gets 100 grams. This gold has a $100 price. The buyer receives 1 gram of gold for every dollar spent.

The next thing you should know when looking to buy gold is where to do it from. You have a few options to choose from if you are looking to buy gold directly through a dealer. First, you can visit your local coin store. You could also look into eBay or other reputable websites. You can also look into buying gold online from private sellers.

Individuals selling gold at wholesale prices and retail prices are known as private sellers. Private sellers typically charge 10% to 15% commission on each transaction. Private sellers will typically get you less than a coin shop, eBay or other online retailers. This option is often a great choice for investing gold as it allows you more control over its price.

An alternative option to buying gold is to buy physical gold. It is easier to store physical gold than paper certificates. But, you still have to take care of it. Physical gold should be stored in an impenetrable container, such a vault and safety deposit box to ensure its safety.

When buying gold on your own, you can visit a bank or a pawnshop. A bank can offer you a loan for the amount that you need to buy gold. Pawnshops are small establishments allowing customers to borrow money against items they bring. Banks typically charge higher interest rates than pawn shops.

The final option is to ask someone to buy your gold! Selling gold is simple too. It is easy to sell gold by contacting a company like You can create a simple account immediately and begin receiving payments.


By: Jamie Redman
Title: Bitcoin and Ethereum Experience Modest Declines, While 16 Crypto Assets Record Double-Digit Gains
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Published Date: Mon, 18 Dec 2023 16:30:25 +0000

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