Crypto Market Weekly Overview

This week, the crypto market experienced dramatic volatility, leading most crypto assets to see shocking price corrections. On Monday, March 10, Bitcoin’s value slumped below the $80,000 level, pulled down by continued selling pressure in the stock market. Earlier that day, BTC’s price dropped to a low of $77,396, marking its lowest point since November last year.

Additionally, on that same day, Ethereum fell below the $2,000 mark for the first time since December 2023. Most cryptocurrencies, including prominent ones like SOL and XRP, also faced significant declines, resulting from heightened anxiety over US tariffs, increased recession fears, and a bearish investor sentiment.

Top Performers of the Week

Despite the overall market slump, some assets defied the downtrend and showcased impressive performance.

1. Toncoin (TON)

   • Price Growth: 19.40%
   • Factors: Rising adoption, bullish sentiment around the Toncoin network, increasing transaction volume.

2. Story (IP)

   • Price Growth: 16.49%
   • Factors: Recent launch of Story Protocol’s mainnet, an airdrop, and popularity in the NFT and intellectual property sectors.

3. Kava (KAVA)

   • Price Growth: 16.42%
   • Factors: Increased popularity in the DeFi market for collateralization, borrowing, and lending services.

4. Mantle (MNT)

   • Price Growth: 15.10%
   • Factors: Focus on improving transaction costs and processing runtime, attracting bullish market sentiment.

5. Cosmos (ATOM)

   • Price Growth: 14.35%
   • Factors: Growing market confidence and robust investor interest, leading to increased token accumulation.