Crypto Chaos: Altcoins Soar as Bitcoin’s Dominance Plummets!

In the last seven days, the total crypto market capitalization climbed 10%, from $3.4 trillion to $3.74 trillion. Bitcoin closed at just over $117,200, gaining 8.5%—but its dominance dropped from 63.71% to 57.85%, signaling a shift to altcoins.

Crypto Market Ends Week on a High Note

After a slow start, the crypto economy ended the week on a high note, with the total market capitalization up 10% from $3.4 trillion on July 5 to $3.74 trillion by July 7. Bitcoin, which set new milestones between July 10 and 11, ended the week 8.5% higher, trading at just over $117,200.

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, which matched price levels last seen in early February, rose by 16.7% — nearly double bitcoin’s gains — to close the week around $2,930.

XRP toppled USDT to become the third-largest digital asset by market capitalization after it rose by 21.8% to close at $2.71. Other top 20 digital assets that registered double-digit gains in the week included XLM, which rose by 62.9%, ADA (21.2%), DOGE (19.5%) and SUI (15.8%). None of the top 20 digital assets ended the week in the red.

Memecore Leads Top Gainers, Humanity Suffers Biggest Drop

Meanwhile, Memecore rose by over 800% to close at $0.52, making it the biggest gainer of the seven-day period. Kori, which rose by 573%, was the next best-performing digital asset, followed by Manyu, which gained 453%. HYPER and Graphite Protocol completed the top five gainers with increases of 361% and 115% respectively.

While the week was generally a good one for most digital assets, a few still saw their values decline, with Humanity seeing the biggest drop of 45.6%. TXX went down by 44%, making it the second-biggest loser of the period, followed by SN, which declined by 41%. Among the top 100 digital assets, only BGB (1.3%), OKB (0.6%) and PI (0.2%) ended the week in the red.

So, it seems like the crypto world is a rollercoaster ride, with altcoins soaring and Bitcoin taking a backseat. Who knows what the next week will bring? 🚀🌕💸

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2025-07-12 22:57