Hedera's HBAR token is currently biggest daily gainer among top 100 cryptocurrencies
, remains a surprise winner while the entire crypto market experienced a sell-off near the conclusion of the week.
On Friday, the crypto market saw a downturn, sparking a broad decline across the board, resulting in more than $1 billion in liquidations. Bitcoin, the leading cryptocurrency, fell more than 8% in a few hours to a two-month low of $25,610, putting the crypto asset on track for its worst week since November and the collapse of crypto exchange FTX. has been in the green since the beginning of the market meltdown and continues to be an outlier.
The key reason for HBAR's recent price climb might be the positive sentiment surrounding the Hedera network, given a recent uptick in institutional adoption.
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