This Week's Crypto Market Review: Movement (MOVE) Led the Gainers with a 45.1% Surge, Followed Closely by Hyperliquid (HYPE) and Bitget Token (BGB)

In this week's crypto market review, Movement (MOVE) led the gainers with a 45.1% surge, followed closely by Hyperliquid (HYPE) and Bitget Token (BGB).

Biggest Gainers, Losers in Focus as Crypto Market Experiences Volatility

In the past week, the cryptocurrency market has experienced volatility, with some assets posting significant gains while others faced steep declines. Here's a closer look at the top gainers and losers.

Biggest Gainers

1. Movement (MOVE): MOVE emerged as the highest gainer of the past week, posting an impressive 45.1% increase in value, according to data from CoinGecko. The asset began the week on a subdued note, registering a minor 1% decline and trading around $0.63.

However, the bullish momentum picked up significantly mid-week, with the most notable spikes occurring on 19th and 20th December. During this period, MOVE recorded increases of over 19% and 42%, pushing its price to a weekly high of approximately $1.06.

Despite this stellar performance, MOVE faced an 8% decline toward the end of the week, closing at $0.97. This decline could be attributed to profit-taking as short-term traders capitalized on the significant gains. The trading volume during the week spiked substantially, reflecting heightened investor interest. However, the volume has declined by over 55% as of this writing and is around $1.2 billion.

2. Hyperliquid (HYPE): HYPE demonstrated a stellar performance, securing its position as the second-highest gainer with a 42.7% increase.

The token started the week on a slightly bearish note, witnessing a minor decline of over 1%, trading just below $24. However, this early setback was followed by a period of price fluctuations, reflecting uncertainty in market sentiment.

The turning point for HYPE came on 19th December, as bullish momentum kicked in, initiating a robust uptrend. By the end of the week, HYPE had climbed to approximately $32. Its volume has, however, dropped in the last 24 hours by over 35%.

3. Bitget Token (BGB): BGB emerged as the third-highest gainer of the week, with an almost 38% increase. It kicked off the week on a positive note, with an over 1% rise, trading around $3.1. The momentum gained strength mid-week, as subsequent uptrends pushed the price to a peak of approximately $4.5.

The rally was characterized by significant trading volume, signaling heightened investor interest and confidence in the token. Technical indicators such as the MACD showed a sustained bullish crossover, reinforcing the uptrend. However, the RSI flirted with overbought levels, suggesting the potential for a cooling-off period.

This anticipation materialized in the final two days of the week, as profit-taking activities led to a pullback. The price declined to around $4.1 by the week's close, marking a consolidation phase. Despite the retracement, BGB maintained a solid overall performance, reflecting strong market fundamentals.

Top 1,000 Gainers

Beyond the top 100, InSure DeFi (SURE) emerged as the top gainer this week, surging by over 830%. The second and third-largest gainers were Send (SEND) and Freysa AI (FAI), with over 490% and 247% increases, respectively.

Biggest Losers

1. Dogwifhat (WIF): WIF endured a tough trading week, emerging as the highest loser with a staggering 29% decline. The token began the week on a slightly positive note, trading at around $2.855, reflecting mild optimism among traders. However, this positive momentum was short-lived, as the token faced consistent bearish pressure.

The price trajectory throughout the week was largely downward, with minor recoveries, notably on 20th December, failing to offset the broader downtrend. By the end of the week, WIF had dropped significantly, closing at approximately $1.889.

2. Aptos (APT): Aptos experienced a sharp decline over the past week, making it the second-highest loser with a 27% drop in value. The token started the week on a slightly positive note, trading at $13.65, instilling brief optimism among traders.

However, a significant bearish trend took over, culminating in the token closing the week at approximately $9.52.

The abrupt resignation of the Aptos CEO played a crucial role in fueling this decline. Market participants often react negatively to leadership changes, particularly in emerging blockchain projects like Aptos, as it creates uncertainty about the project's direction and stability.

Technical indicators reflect a bearish sentiment, with APT breaking below key support levels. The Bollinger Bands widened during the decline, suggesting increased volatility, while the price consistently traded below the 50-day Moving Average,