Ethereum (ETH) Explores Three-Month Highs; AXS Surges 12% despite Latest Ronin Hack
The cryptocurrency market capitalization has recovered by about $100 billion over the previous day. While publishing this article, the global crypto market value stood at $2.16 trillion, following a 4.66% uptick.
Ethereum’s impressive moves had the alt on new 3-month peaks, whereas Axie Infinity recorded double-digit surges despite the latest Ronin Hack.
Bitcoin responded well after losing almost $4,000 in one day, rebounding to levels beyond $46,000. Most alternative tokens also rode green waves today. Impressive surges came from Axie Infinity, Ethereum, NEAR Protocol, Avalanche, Solana, and Binance Coin.
BTC Reclaims $46,000
The crypto market welcomed last week with notable upticks. Bitcoin surged from $45K to levels near $48,000, making its highest value since early sessions in January. The crypto failed to surpass the area with an initial attempt but accomplished the break one day later.
The crypto stalled the following couple of days after hitting its monthly high, hovering within the $47K – $48K. However, the narrative shifted on 31 March when Bitcoin plunged from $47.7K to beyond $44K within hours.
Nonetheless, BTC responded well to the price fall and launched value recoveries almost immediately. That had the bellwether crypto climbing back beyond $47K in a few hours. Though BTC retraced to $46.6K at this publication, the currency remained 3% up over the past 24 hours.
NEAR and AXS Lead Gainers
The altcoin market endured declines yesterday, but today’s situation appears different. Ethereum plunged towards $3,300, but gaining 6% had the 2nd-largest crypto climbing to levels beneath $3,500. That marked the crypto’s highest level in about three months.
Binance Coin gained approximately 5% within the previous day, sitting at 2-month peaks of $450. More remarkable uptrends came from Avalanche (7%), Solana (7.5%), Terra (6%), Shiba Inu (6.5%), MATIC (5%), and Dogecoin (5%). Furthermore, Cardano, Polkadot, and Ripple witnessed modest gains.
Meanwhile, Axie Infinity and NEAR Protocol stole the show. NEAR surged approximately 20% to sit beyond $15. On the other hand, AXS jumped by nearly 12%, hovering at levels beyond $70. Remember, Axie Infinity surges despite the latest Ronin hack.
The cryptocurrency market capitalization has recovered by about $100 billion over the previous day. While publishing this article, the global crypto market value stood at $2.16 trillion, following a 4.66% uptick.
Stay tuned for upcoming developments within the crypto space.