Crypto Market Surges as Institutional Interest Drives Rally

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Only two coins in the top 100 lost value amidst the latest crypto rally, which saw the overall crypto market grow by 10% in the past week.

The latest crypto rally has sparked widespread gains across the crypto market, with the total market up 10% from last week, according to The Block's price data. The rally, seemingly driven by institutional interest, has led most coins to gain in value in the past week.

Here's our recap of the biggest winners and losers from last week in crypto, taken from the top 100 coins by market capitalization according to The Block's price data, as of the time of publication. While Solana's recent surge has captured the attention of many, in the past week it was only the seventh-biggest gainer. The top slot belongs to Cronos , the layer-1 blockchain associated with Crypto.com, which is up 76.4% on the week.

The third-largest gains came courtesy of Kaspa, a proof-of-work Layer 1 blockchain which gained 53.48% in price over the past week. Kaspa is "aiming to be the fastest and purest proof-of-work consensus engine," according to the chain's X account. Only two coins saw notable declines in value over the past week. The biggest loser: Wemix , a blockchain-based gaming token that has declined 2.89% over the past week.

 

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