The cryptocurrency market recouped a significant portion of its valuation last week, with many top coins registering double-digit gains.
What happened: TAO, the native token of the decentralized artificial intelligence platform Bittensor, led the market with 30% gains in the last week.
The cryptocurrency has gained momentum after Barry Silbert, head of cryptocurrency conglomerate Digital Currency Group, voiced optimism for decentralized AI in a letter to shareholders.
OM, the token associated with the layer-1 blockchain MANTRA, was the second-highest weekly gainer, lifting over 26%.
The cryptocurrency has been on a record-breaking run in 2025, rallying 60% year-to-date. It hit a record high of $6.43 last week.
See Also: Trump-Announced Wealth Fund Should Choose MicroStrategy Bonds Over Bitcoin, Analyst Says
Litecoin jumped over 24% to hold the third spot, following the SEC’s acknowledgment of exchange-traded funds tied to the proof-of-work cryptocurrency.
After Canary Capital, the regulator formally recognized Grayscale Investments' application to convert its Litecoin trust into an ETF.
Other large-cap cryptocurrencies like XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) also rebounded, gaining 10.23% and 4.56%, respectively.
Top meme coins didn't stay far behind, as Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) rose 19.19% and 9.85%, respectively, last week.
Overall, the total cryptocurrency market capitalization rose 6.02% over the week to $3.17 trillion.
The market reacted to White House Crypto Czar David Sacks‘ announcement that a bipartisan, bicameral committee will be formed to develop clear regulations for the digital asset industry.
Photo by Avi Rozen on Shutterstock
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