Even as the U.S. Federal Reserve increased interest rates by 75 bps at its latest meeting, the apex cryptocurrency Bitcoin (CRYPTO: BTC) continued showing bullish patterns in the last seven days, hovering at the $20,000 mark. The second-largest cryptocurrency Ethereum (CRYPTO: ETH) remained unusually stable, floating at the $1500 mark.
At the time of writing, BTC was trading at $20,870.30, up by 1.63% and ETH at $1,584.25, down 0.04%, according to CoinMarketCap. The global crypto market cap is $1.03T, a 2.12% decrease over the last 24 hours.
After an impressive start, things took a u-turn for Dogecoin (CRYPTO: DOGE). The Elon Musk-backed meme token declined by 4.04% over the past week, trading at $0.1175.
| Cryptocurrency | Weekly Performance | Price (Monday, 12.00 am EST) |
|---|---|---|
| Arweave | +37.78% | $14.21 |
| OKB | +36.61% | $22.06 |
| Polygon | +32.18% | $1.21 |
| Litecoin | +29.02% | $71.80 |
| Loopring | +21.16% | $0.3396 |
Thanks to a 37.78% price increase, Arweave (CRYPTO:AR) was the biggest gainer of the week among the top 200 cryptocurrencies by market cap, trading at $14.21 recorded at 12.00 am EST. AR gained momentum last week after Instagram announced the integration of new NFT tools with Arweave’s digital decentralized data storage solution.
See More: Best Cryptocurrency Under $1
OKB (CRYPTO: OKB) was the second biggest gainer, trading at $22.06, up by 36.61%. OKB is the global utility token issued by OKX Blockchain Foundation.
Polygon (CRYPTO: MATIC) came third in place, gaining as much as 32.18%, aiming to reach an all-time high of $2.98. The rise in the price can be attributed to two major partnerships: Meta’s (NASDAQ:META) announcement of allowing Instagram users to mint Polygon-based Nonfungible tokens (NFTs) and JP Morgan’s (NYSE:JPM) execution of its first decentralized finance (DeFi) trade on the Polygon blockchain.
Litecoin (CRYPTO: LTC) came in fourth place, with seven-day gains of 29.02%. Loopring (CRYPTO: LRC) completes today’s list of the top cryptocurrency gainers, gaining 21.16%.
Now, time for last week’s losers.
Klayton (CRYPTO: KLAY) is the top loser, down by 19.52%.
FTX Token (CRYPTO: FTT), EthereumPoW(CRYPTO: ETHW), Elrond (CRYPTO: EGLD) and Aptos (CRYPTO: APT), declined by 12.99%, 8.68%, 8.54% and 7.71%, respectively.
Read Next: Bitcoin, Ethereum, Dogecoin Slide: Analyst Says This Data Might Move Markets Rather Than Mid-Terms In Fresh Trading Week
