Bitcoin Price Pushes for $35K as This Altcoin Blows Up (Market Watch)

The past 24 hours saw Bitcoin’s price consolidate and inch closer to the coveted resistance level of $35,000. It hasn’t been the most impressive story, however, as Axie Infinity (AXS) exploded by a whopping 16% throughout the same period.

Bitcoin (BTC) Price Pushing $35K

As can be seen in the chart below, Bitcoin’s price is currently attempting a push toward the resistance level situated at the coveted $35,000 mark.

Source: Binance via TradingView

It’s worth noting that Bitcoin’s dominance – the metric that analysts use to gauge BTC’s share relative to that of the rest of the market – has been on the decline in the past 24 hours.

This suggests that altcoins are performing better compared to it – something that we haven’t seen that much in the past couple of weeks. It’s interesting to see whether or not BTC can claim the pivotal $35K level or if there will be another correction.

Axie Infinity (AXS) Leads Altcoin Gains

Axie Infinity (AXS) is undoubtedly the best performer throughout the past 24 hours, charting massive gains upwards of 16%.

However, the market, in general, is painted in green. Most of the altcoins are marking gains, and the heatmap is a sea of green:

Source: Quantify Crypto

Besides AXS, other top performers include GALA (14%), Rollbit Coin (RLB), Solana (8%), and so forth. On the other end of the spectrum, there’s Stacks (STX), which is down 3%, unable to capitalize on the market’s uptick.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Source link

Leave a Comment