- Over the last week, the whole cryptocurrency market has shed around 7% of its collective market capitalization.
- While crypto has posted big losses, benchmark equity indices, such as the NASDAQ 100 and the S&P 500, are rising after falling for seven weeks.
- TRON is the only top 20 crypto project that posted gains last week as its native token was up 11%.
Over the last week, the whole cryptocurrency market has shed around 7% of its collective market capitalization. At the same time, equities are enjoying a relief rally.
One of the projects on the top 10 cryptocurrencies by market cap list that has been hit the hardest is the Ethereum rival, Avalanche. Avalanche’s native token, AVAX, is down 22% over the last week – dropping from $29.55 to $23.01.
Looking at the rest of the top 10 list, Ripple (XRP) is down 7%, Polkadot (DOT) is down 3.3%, and Binance Coin (BNB) dropped by 2.5%, according to data from TradingView compiled by Blockworks. The market leader, Bitcoin (BTC), fell by 4.6% in the same pe …