The cryptocurrency market woke up this Monday, June 13, even worse than it closed on Sunday night. Bitcoin was already in the red, but now it has fallen more than 14% in the last 24 hours and the market has suffered.
In fact, for this week’s top cryptocurrency there is hardly a survivor among the top assets on the market. The rest show negative numbers in the last 7 days, and with not insignificant percentages.
That sole survivor of the week is Unus Sed Leo (LEO), Bitfinex exchange token, which has stood out in the market not only in the last 7 days but so far this year 2022.
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Although in the red, the rest of the top is headed by the coins with the least losses in a range of 7 days at the cut of this bulletin. And coincidentally, 3 of the 4 coins that make up the list are also exchange tokens.
FTX Token (FTT), of the exchange prominent among those offering cryptocurrency derivatives trading, fell just under 10% in the past week; while OKB, from the OKX exchange, lost more than 14% of its price in that period; Y Huobi Token(HT) fell just over 20%.
The top closes it Ripple XRP, standing just over 0.3 dollars per unit. Its fall, although greater than 23% in a period of 7 days, is one of the smallest in the market at the cut of this CriptoNoticias bulletin.
But it is that the top 10 of the market looks bleak: all with more than 24% down. Bitcoin (BTC) is, in that list, the one that has fallen the least, with 24.7% at the time of the cut of this article. Ether (ETH) and Solana (SOL) are the biggest losers of that periodwith 35% and 38% respectively.
Unus Sed Leo, Bitfinex token that shines in the cryptocurrency market
The lone survivor of last week’s sudden winter was Unus Sed Leo (LEO), the Bitfinex exchange token. He has also done it with an interesting rise of 8.10% to reach USD 5.42 at the close of this report.
This movement of LEO is striking, which has been one of the outstanding assets of this year and whose name has become a regular in these weekly CriptoNoticias reports.
After all, after the recovery of millionaire funds stolen from the exchange in a hack years ago, LEO has been one of the great beneficiaries. So far this year, this is the only asset in the cryptocurrency market in green numbers among the top 100 according to capitalization. And with a not inconsiderable 42% increase this 2022.
At the time of writing, the token has a market capitalization of more than 5,000 million dollars which ranked as the fifteenth most valuable asset in the market. Their trading volume on exchanges barely exceeds 7.5 million dollars in 24 hours, although the figure represents a rebound of almost 14% compared to the previous day.
FTX Token, the least loser among the market
In second place in this newsletter we find FTX Token (FTT). And as we discussed earlier, it does so in the red. But it is that the massacre during the last hours has been such for the market, that it is not possible to speak of winning currencies. At least not with a good reputation or track record to back them up.
From the list of top cryptocurrencies, FTT fell -9.50% at the cutoff for this bulletin. With that move, its price is around USD 24.58 after having passed the 29 dollars per unit at its highest point of the week. Notably, at that point, it was green.
At time of writing, FTT’s market capitalization exceeds $3.3 billion with a huge jump in its trading volume: a total of 239 million dollars, with a 133% increase over the previous 24 hours.
OKEx’s OKB falls 14% in a week
In the next place we find a token that fell to 14.21% in the last 7 days. This is OKB, from the Asian exchange OKX (formerly OKEx), for a price of USD 10.18 at the time of writing this article.
Unlike FTT, which was in the green for much of the last week, OKB was in the red for almost every moment of the last 7 days. After starting around $12 a unit for the week, only for a brief period last Saturday was it in profit in recent days.
The token market capitalization OKX exceeds 600 million dollars, with only about 21 million dollars of trading volume in 24 hours. This represents a drop in volume of more than 25%.
Huobi Token, the last exchange that “survives” in the market
The market drop has been so dramatic that in this bulletin we find a token with 21.31% down among the least affected. We are referring to the Huobi (HT) token, an exchange of the same name.
At the time of cutting this bulletin, HT has a value of USD 5.85. Just like the rest of the market, the year has been very negative for Huobi Token, which is close to the 40% down mark Jan 1 to date.
HT is currently the asset number 48 among the most valuable in the market thanks to your capitalization of almost 900 million dollars. And in the last 24 hours it rose about 9% in trading volume compared to the previous day.
XRP reappears at an unpromising top
During the bull market cycle between 2020 and 2021, Ripple’s XRP outperformed the dollar in its market value. But now that seems a long way off, with the coin just over $0.3 at the time of writing this article.
XRP is one of the least losing coins in the top during the last week, despite having fallen more than 23% in that period. That should give us an idea of how gray the market looks right now.
With more than 15,000 million dollars of total capital, XRP It ranks eighth among the most valuable assets in the cryptocurrency market. And in the last 24 hours, it doubled its trading volume on exchanges to nearly $2.5 billion.