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Illustration by Mitchell Preffer for Decrypt.
With the long-awaited Bitcoin halving event just one week away, prices of top coins have fallen.
The current price per coin is less than $67,000, according to CoinGecko, and fell to $65,981 late Friday.
As with last weekend, it was down nearly 2% in seven days, well below its March all-time high of about $74,000.
For the week, the virtual coin closed at $72,000, but lost those gains yesterday with a 5% loss throughout the day.
Ethereum also struggled to perform well during the week. The second-largest coin fell more than 3% and is currently priced at $3,226.
Most of the top coins and tokens had a difficult week. Solana One of the biggest declines. It’s currently down 13% in seven days to $142.62.
The coin’s network has been struggling with congestion issues for some time now, which could be contributing to downward pressure on the asset’s price.
The UNI token from decentralized exchange Uniswap is also one of the tokens with the lowest success rate. The stock plunged after news broke that it was in the crosshairs of the Securities and Exchange Commission (SEC), and is now trading at $7.40, down 33% for the week.
Uniswap Labs, which operates the platform, said Wednesday it had received a notice from regulators warning of impending enforcement action from Wealth.
Smaller tokens like Wormhole continued to take damage. In the week following the airdrop, the token fell 46%. The current price is $0.59.
Digital assets that have performed well include Toncoin, which nearly upset Dogecoin this week. The price of Toncoin is currently at $6.44, up almost 20% in 7 days. News of Telegram’s possible IPO contributed to the coin’s surge.
Edited by Ryan Ozawa.
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