Weekend Watch: Axie Infinity (AXS) Explodes 17%, Bitcoin Maintains $41K
After surging above $41,000, bitcoin has maintained its momentum and has remained above that level. The altcoins, which marked significant gains yesterday, have stalled now. Axie Infinity is among the few exceptions after a massive double-digit surge.
Bitcoin Maintains $41K
It was just a few days ago when the largest cryptocurrency struggled to remain above $37,000 and dipped below that level on a few occasions. The bulls attempted to push it north, which resulted in trading around $38,000 on Friday.
This is where the landscape changed, though. BTC initiated an impressive leg up in the following hours and surged above $40,000 for the first time in weeks.
Moreover, bitcoin even reclaimed $41,000 and neared $42,000. As of now, the asset stands just shy of that level, and its market capitalization is close to $800 billion once more.
Alts Stall: AXS Soars With Double Digits
The alternative coins went on a roll yesterday with massive double-digit gains from almost all. Now, though, the majority have calmed.
Ethereum stands above $3,000 for the first time in weeks, as well, even with a minor decrease since yesterday.
More slight decreases come from Binance Coin, Cardano, Solana, Ripple, Polkadot, Terra, Dogecoin, Avalanche, and Shiba Inu.
In contrast, CRO is up by another 3%, while Litecoin has surged by 8% and stands above $125.
Axie Infinity is among the most impressive performers with a 15% surge. Consequently, AXS trades well above $60. Gala (20%) and Theta Fuel (10%) are also well in the green.
Somewhat expectedly, the crypto market cap has remained relatively calm, around $1.9 trillion.
OhNoRipple via https://www.ohnocrypto.com/ @Jordan Lyanchev, @Khareem Sudlow