Crypto Market's Weekly Winners and Losers: $VVV Surges 35%, $ARB Plummets 27%

This week in crypto saw a more defensive setup as rising Treasury yields and higher oil prices put pressure on risk assets, pushing Bitcoin below $77k. However, not all cryptocurrencies suffered equally. While some were hit hard by the sell-off, others continued to attract capital.

The top performers of the week included Venice Token [$VVV], which broke into a new all-time high with a gain of over 35%. The token's price action remains strong, and technical signals suggest that it may continue its bullish momentum. $VVV's RSI on the weekly chart is still below the overbought line, giving it more room to move higher.

Bitway [$BTW] was another notable winner, rising 22% during the week. However, technical analysis suggests that this rally may be coming to an end. $BTW has been climbing for six consecutive weeks and is now due for a correction. The asset's RSI is already in the overbought territory, indicating that it may be nearing its peak.

In contrast, Arbitrum [$ARB] was the biggest loser of the week, plummeting 27%. However, technical analysis suggests that this sell-off may not be as bearish as it seems. $ARB's RSI never entered the overbought area during its recent rally, indicating that its price action is not overly extended.