The cryptocurrency market faced a $19 billion downturn this week, yet Zcash (ZEC), Tether Gold (XAUt), and Memecore (M) emerged as top gainers. ZEC surged over 66%, maintaining strong buy-side liquidity despite a midweek correction. XAUt increased by 2.72%, continuing its role as a macroeconomic hedge. Meanwhile, M rose 5.58% after a period of losses, indicating potential accumulation.
In contrast, DoubleZero (2Z), Pump.fun (PUMP), and MYX Finance (MYX) were among the biggest losers, with 2Z plummeting 50% and PUMP dropping 41%. The market experienced significant volatility, with Bitcoin briefly exceeding $126,000 before the downturn.
ZEC, XAUt, and M Lead Gains Amid $19B Crypto Market Decline
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.