After breaking above $41,000, bitcoin has maintained its momentum and held above that level. Altcoins, which posted significant gains yesterday, have now stalled. Axie Infinity is among the few exceptions after a massive double-digit increase.
Bitcoin holds $41K
It was only a few days ago that the largest cryptocurrency struggled to stay above $37,000 and dipped below that level on a few occasions. The bulls tried to push it north, resulting in a trade around $38,000 on Friday.
However, this is where the landscape changed. BTC kicked off an impressive rally in the following hours and broke above $40,000 for the first time in weeks.
Furthermore, bitcoin even recovered $41,000 and approached $42,000. As of now, the asset sits just shy of that level, with its market capitalization approaching $800 billion once again.
BTCUSD. Source: TradingView
Alts Stall: AXS soars with double digits
Altcoins soared yesterday with massive double-digit gains from almost all of them. Now, however, most have calmed down.
Ethereum also breaks above $3,000 for the first time in weeks, with even a minor decline since yesterday.
Milder declines come from Binance Coin, Cardano, Solana, Ripple, Polkadot, Terra, Dogecoin, Avalanche, and Shiba Inu.
By contrast, CRO is up another 3%, while Litecoin is up 8% and trading above $125.
Axie Infinity is among the most impressive performers with a 15% increase. Consequently, AXS is trading well above $60. Gala (20%) and Theta Fuel (10%) are also doing well in green.
Unsurprisingly, the crypto market cap has been relatively quiet at around $1.9 trillion.
Overview of the cryptocurrency market. Source: quantify crypto
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive) – Use this link to sign up to receive $100 free and 10% off Binance Futures first month fees (terms).
PrimeXBT Special Offer: Use this link to register and enter the code POTATO50 to get 25% off trading fees.
Disclaimer: The information found on CryptoPotato is that of the cited writers. It does not represent CryptoPotato’s views on whether to buy, sell or hold investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See the Legal Notice for more information.
Cryptocurrency charts from TradingView.
This post Axie Infinity (AXS) Explodes 17%, Bitcoin Holds $41K
was published first on https://cryptopotato.com/weekend-watch-axie-infinity-axs-explodes-17-bitcoin-maintains-41k/
