Crypto market’s weekly winners and losers – KAIA, CC, ENA, ARB
Bitcoin (BTC) fell 6% this week, while Ethereum (ETH) dropped 10%, marking their first significant weekly losses this year. Despite the downturn, the market reaction varied, with some cryptocurrencies posting gains.
Weekly winners included Kaia (KAIA), which surged mid-week before a 20% pullback due to profit-taking, though its bullish structure remained intact. Canton Network (CC) defied the broader privacy coin decline with a 36% rally. MYX Finance (MYX) jumped 32% following its V2 upgrade. Tether Gold (XAUT) and PAX Gold (PAX) rose 9% and 10%, respectively, amid macroeconomic uncertainty, while LayerZero (ZRO) gained 11%.
Weekly losers featured Ethena (ENA), which fell roughly 15% with sustained selling pressure and weak buyer interest. Arbitrum (ARB) slid nearly 15%, breaking key support levels. Artificial Superintelligence Alliance (FET) dropped over 8% as AI token momentum waned. Larger caps like Solana (SOL) and Chainlink (LINK) fell around 10-11%, and Sui Network (SUI) declined 16%.
The week highlighted market rotation rather than collapse, with selective risk-taking and defensive moves shaping performance.
ambcrypto01/25 19:08