crypto news – Bitcoin, Ethereum Lose Steam Amid Ledger Controversy and US Market Uncertainty

Bitcoin and Ethereum misplaced some momentum over the previous week, reducing a 3-week flatline amid the Ledger Recover controversy and rising concern over the U.S. debt ceiling deadline.

Bitcoin, the most important cryptocurrency, noticed a 3.5% loss over the previous week and is at the moment buying and selling at $26,328 {dollars}. ETH fell to $1,786, marking a 1.3% loss on the week, in line with Coingecko.

Amid the highest 50 cryptocurrencies, the market noticed loads of motion over the previous seven days, with a number of notable winners and some huge losers.

The greatest gainer of the week is Render (RNDR), which has seen a formidable 19.3% progress on the week. In the previous day alone, it has climbed 13.6%–at the moment buying and selling at $2.82. The Render Network is a decentralized platform that permits customers to contribute their unused GPU energy to render movement graphics and VFX.

RNDR has been trending on Twitter this week because of its current partnership with Apple and its integration with Solana. The huge inexperienced candle is also fueled by Render’s work on the brand new Pudgy Penguins toy line video. Last week, Pudgy Penguins CEO Luca Netz celebrated the venture’s toy line launch on Amazon, saying “I want Pudgy Penguins to be the face of NFTs.”

The Sandbox recreation (SAND), a well-liked immersive Gamefi platform, commanded second place over the previous 24 hours, gaining 5.4% and at the moment altering palms at $0.51. These positive factors come alongside current partnerships introduced by the crew with BBC mainstays “Top Gear” and “Doctor Who.”

Not every little thing is inexperienced, nevertheless, with notable losses on each weekly and day by day markers for different high 50 belongings in addition to Bitcoin and Ethereum.

Somewhat anticipated after the unsustainable rocket ship it had turn into, meme coin celebrity $PEPE has seen a not so spectacular week, shedding 10.5% of its worth over the previous seven days. But within the final 24 hours it noticed a slight 3.3% bounce, at the moment buying and selling $0.00000143.

But Pepecoin isn’t alone within the crimson.

Not lengthy after its official mainnet launch, Sui’s native SUI token was one of many greatest losers on the week with a 15.8% drop, buying and selling at $0.98 cents. Ethereum scaling answer Optimism (OP) additionally had a tough week, seeing a 12.6% crimson candle and swapping palms at $1.60. And decentralized app platform Algorand (ALGO) additionally noticed double digit losses, buying and selling at $0.15 after an 11% loss over the previous week.