Cryptocurrency

Solana

Dogecoin

Loom Network

<div class="finbold">
 <p class="paragraph">In another volatile period driven by bearish financial news, the cryptocurrency market has faced another red week, with most projects registering meaningful losses in the last seven days, despite a few cryptocurrencies outperforming the vast majority with extraordinary gains.</p>
 <div></div>
 <p class="paragraph">Notably, the Total Crypto Market Cap index by <em>TradingView</em> (CRYPTOCAP: TOTAL) registered $53 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> in losses (-5%) in the last seven days from press time, on October 13.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="661" src="https://cdn.thebittimes.com/images/2023/10/13/19193b5c5086e862916af7a0f3fe9d3f.webp" alt="Total crypto market cap - CRYPTOCAP: TOTAL 4-hour chart.
" class="wp-image-132517" srcset="https://cdn.thebittimes.com/images/2023/10/13/19193b5c5086e862916af7a0f3fe9d3f.webp 1024w, https://cdn.thebittimes.com/images/2023/10/13/19193b5c5086e862916af7a0f3fe9d3f.webp 300w, https://cdn.thebittimes.com/images/2023/10/13/19193b5c5086e862916af7a0f3fe9d3f.webp 768w, https://cdn.thebittimes.com/images/2023/10/13/19193b5c5086e862916af7a0f3fe9d3f.webp 1536w, https://cdn.thebittimes.com/images/2023/10/13/19193b5c5086e862916af7a0f3fe9d3f.webp 1877w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   CRYPTOCAP: TOTAL 4-hour chart. Source: <em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">Interestingly, Finbold gathered data from the market capitalization range over the top 10 largest cryptocurrencies, excluding stablecoins, finding noteworthy results. When measuring their highest to lowest market cap, these projects lost a total of $56.4 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> market cap.</p>
 <p class="paragraph">Bitcoin (BTC) had a higher market cap of around $550 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> at the beginning of the week, just to be valued at as low as $520 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> in its worst 7-day moment. This accrued $30 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> in losses to the market leader — or minus 5.45% in a week. The other top 9 cryptocurrencies, stablecoins excluded, had similar results.</p>
 <h2 class="wp-block-heading" id="h-weekly-market-cap-losses-for-the-largest-cryptocurrencies">Weekly market cap losses for the largest cryptocurrencies</h2>
 <ol>
  <li><strong>Ethereum (</strong><strong>ETH</strong><strong>): </strong>$17 billion in market cap losses (-8.50%) 
   <ol>
    <li>7-day highs: $200 billion</li>
    <li>7-day lows: $183 billion</li>
   </ol></li>
  <li><strong>BNB Chain (</strong><strong>BNB</strong><strong>): </strong>$2 billion in market cap losses (-6.06%) 
   <ol>
    <li>7-day highs: $33 billion</li>
    <li>7-day lows: $31 billion</li>
   </ol></li>
  <li><strong>Ripple (</strong><strong>XRP</strong><strong>): </strong>$3 billion in market cap losses (-10.7%) 
   <ol>
    <li>7-day highs: $28 billion</li>
    <li>7-day lows: $25 billion</li>
   </ol></li>
  <li><strong>Solana (</strong><strong>SOL</strong><strong>): </strong>$1.2 billion in market cap losses (-12.12%) 
   <ol>
    <li>7-day highs: $9.9 billion</li>
    <li>7-day lows: $8.7 billion</li>
   </ol></li>
  <li><strong>Cardano (</strong><strong>ADA</strong><strong>): </strong>$0.8 billion in market cap losses (-8.60%) 
   <ol>
    <li>7-day highs: $9.3 billion</li>
    <li>7-day lows: $8.5 billion</li>
   </ol></li>
  <li><strong>Dogecoin (</strong><strong>DOGE</strong><strong>): </strong>$0.6 billion in market cap losses (-6.89%) 
   <ol>
    <li>7-day highs: $8.7 billion</li>
    <li>7-day lows: $8.1 billion</li>
   </ol></li>
  <li><strong>Tron (</strong><strong>TRX</strong><strong>):</strong> $0.4 billion in market cap losses (-5.06%) 
   <ol>
    <li>7-day highs: $7.9 billion</li>
    <li>7-day lows: $7.5 billion</li>
   </ol></li>
  <li><strong>Toncoin (</strong><strong>TON</strong><strong>):</strong> $0.8 billion in market cap losses (-10.81%) 
   <ol>
    <li>7-day highs: $7.4 billion</li>
    <li>7-day lows: $6.6 billion</li>
   </ol></li>
  <li><strong>Polygon (</strong><strong>MATIC</strong><strong>): </strong>$0.6 billion in market cap losses (-11.32%) 
   <ol>
    <li>7-day highs: $5.3 billion</li>
    <li>7-day lows: $4.7 billion</li>
   </ol></li>
 </ol>
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 <p class="paragraph">TRX, BTC, and BNB were, in order, the best performers during this week’s market <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>. Meanwhile, SOL, MATIC, and TON were, in order, the worst, with higher losses, adjusted by their size.</p>
 <p class="paragraph">This evidences a capital migration to stablecoins and to projects in lower ranks, considering the difference among the total CRYPTOCAP index by <em>TradingView</em> with the top 10 performers excluding stablecoins. Particularly, Loom Network (LOOM) has surged by 500% in the last 30 days, with accumulated gains superior to 60% in this same analyzed week.</p>
 <p class="paragraph"></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-doom-market-crash-erases-56-billion-from-top-coins-tbt66296.html">https://thebittimes.com/crypto-doom-market-crash-erases-56-billion-from-top-coins-tbt66296.html</a></p>

Crypto doom: Market crash erases $56 billion from top coins

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