Cryptocurrency Market Shrunk Considerably Last Week Despite a Few Lesser-Known Coins Netting Significant Returns

The cryptocurrency market shrank considerably last week due to an uncertain macroeconomic environment, although a few lesser-known coins netted significant returns.

The cryptocurrency market experienced a downturn last week as the macroeconomic environment remained uncertain. However, a few lesser-known coins managed to generate substantial returns.

CRO, the native token of cryptocurrency exchange Crypto.com, topped the gainers list with a 21.89% rally last week. The upsurge was attributed to the exchange's partnership with President Donald Trump-owned Trump Media and Technology Group to launch exchange-traded funds. Later in the week, Crypto.com announced the closure of an SEC enforcement action, which further boosted the token’s value.

ZEC, a privacy-focused cryptocurrency, closely followed CRO with an impressive surge of over 21%. Notably, the coin is based on Bitcoin’s BTC/USD codebase and also has a fixed supply of 21 million, similar to the flagship cryptocurrency.

FORM, the token of the newly-branded GameFi network Four, secured the third spot on the weekly gainers list. The coin reached a new all-time high of $2.62 last week amid increased interest in its newest product, Four.meme, an ecosystem for meme coins.

In other news, the sentiment was largely negative. Bitcoin experienced a decline of over 5%, while Ethereum ETH/USD suffered double-digit losses.

Top altcoins such as XRP XRP/USD and Solana SOL/USD also posted losses, decreasing by 14.83% and 10.06%, respectively.

Comparatively, meme coins Dogecoin DOGE/USD and Shiba Inu SHIB/USD experienced smaller declines of 5.80% and 5.75%, respectively.

Risk appetite is expected to decrease further ahead of President Donald Trump’s tariff “Liberation Day,” which may also lead to declines in the cryptocurrency market.

The total cryptocurrency market capitalization shrank by 6% over the week to reach $2.64 trillion.