Bitcoin and Ethereum lost some momentum over the past week, cutting a three-week flatline amid the Ledger Recover controversy and growing concern over the U.S. debt ceiling deadline.

Bitcoin, the largest cryptocurrency, saw a 3.5% loss over the past week and is currently trading at $26,328 dollars. ETH fell to $1,786, marking a 1.3% loss on the week, according to Coingecko.

Amid the top 50 cryptocurrencies, the market saw a lot of movement over the past seven days, with a few notable winners and some big losers.

The biggest gainer of the week is Render (RNDR), which has seen an impressive 19.3% growth on the week. In the past day alone, it has climbed 13.6%–currently trading at $2.82. The Render Network is a decentralized platform that enables users to contribute their unused GPU power to render motion graphics and VFX.

RNDR has been trending on Twitter this week thanks to its recent partnership with Apple and its integration with Solana. The big green candle could also be fueled by Render’s
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Author: Pedro Solimano

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