Here are the biggest crypto winners and losers in the last week of CoinEdition

• The Fed’s interest rate hike has a negative effect on the crypto market this week.
• XRP and LTC were the top crypto winners.
• ARB and OP are both down more than 20% in the last seven days.

The past week has not been the best for the crypto market after the Federal Reserve raised interest rates by 25 basis points. Many cryptos such as Arbitrum (ARB), Optimism (OP) and Immutable (IMX) have struggled over the past seven days. On the other hand, for tokens like XRP, Litecoin (LTC) and Cardano (ADA), the last week was not that bad at all.

XRP / Tether US 1D (Source: TradingView)

While most cryptos found it difficult to register any sort of gains, XRP and LTC are currently up 16.37% and 7.37% respectively over the past week. In addition to this, the XRP price has also increased by more than 2% in the last 24 hours.

LTC / Tether US 1D (Source: TradingView)

However, LTC was not so lucky. Litecoin is currently trading at $92.82 after a price decrease of 2.35% in the last day.

Cardano / Tether US 1D (Source: TradingView)

ADA’s weekly gain of just under 3% is not as impressive as the previous two altcoins, and the crypto is now hovering near the critical support around $0.352. If the price of ADA falls below this level, the price may drop as low as $0.3019 soon.

ARB price (Source: CoinMarketCap)

One of the biggest losers this week was unexpectedly ARB. The launch of the ARB token was supposed to be a big deal, but shortly after the launch, holders sold their tokens on a large scale. This resulted in a drop of more than 89%.

OP / Tether US 1D (Source: TradingView)

OP unfortunately fell below $2.42 to turn it into resistance this week. Now the crypto is facing critical support at $2.14. If the price of OP falls below this level, further price declines can be expected to levels as low as $1.8. OP is currently down 20.45% in the last week.

Disclaimer: The views and opinions, as well as all information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.

The post Here are the biggest crypto winners and losers of the past week appeared first on Coin Edition.

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