Ethereum Hits 3-Week High as Digital Currencies Embark on Resurgence

Ethereum hit the high, after climbing more than 8% in 24 hours and nearly 23% in one week, as several other assets also rise. Ethereum (ETH) has risen 8% to record a 3-week high of $2,587 on Monday, July 26th, despite not being the overall top gainer for the day. The second-largest cryptocurrency was one of several tokens to continue building upon a recent resurgence in recent weeks. A resurgence, which has seen the overall market value of crypto rise to $200 billion. Several factors may be responsible for this…

Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High – Markets and Prices Bitcoin News

On Friday, the game token utilized within the Axie Infinity gaming realm has once again captured another all-time price high at $32.17 per unit. The game token has outperformed a great majority of crypto assets by commanding more than 844% in gains during the last month. Axie Infinity Outperforms Crypto Competitors The cryptocurrency community is chatting about the token axie infinity (AXS) again this week as the crypto asset has captured new price highs. On July 23, 2021, during the early morning trading sessions (EDT), AXS tapped an all-time high…

Axie Infinity refreshes record high as AXS ascends 131% in just three days

The price of Axie Infinity’s native token AXS more than doubled in just three days of trading amid speculation that it is going to revolutionalize the blockchain-enabled gaming industry forever. The AXS/USD exchange rate reached a record value of $32.69 on Friday, up 31.28% intraday, and circa 131% from its Tuesday low of $14.09. That placed the pair in the list of best-performing digital assets on a year-to-date timeframe; its 2021 gains are now above 5,000%. Axie Infinity’s massive upside moves appeared due to its rising popularity as a play-to-earn…

Axie Infinity refreshes record high as AXS ascends 131% in just 3 days

The price of Axie Infinity’s native token, AXS, more than doubled in just three days of trading amid speculation that it is going to revolutionalize the blockchain-enabled gaming industry forever. The AXS/USD exchange rate reached a record value of $32.69 on Friday, up 31.28% intraday, and about 131% from its Tuesday low of $14.09. That placed the pair in the list of best-performing digital assets on a year-to-date timeframe; its 2021 gains are now above 5,000%. Axie Infinity’s massive upside moves appeared due to its rising popularity as a play-to-earn…

Bitcoin Selling Pressure High as BTC Whales Deposit to Exchanges, According to CryptoQuant CEO

CryptoQuant CEO Ki Young Ju is highlighting a possible catalyst driving Bitcoin’s selling pressure as the leading cryptocurrency now trades below $30,000. In a CryptoQuant quick take, the head of the on-chain analysis firm points to the exchange whale ratio, an on-chain indicator that tracks the activity of deep-pocketed investors by dividing the top 10 BTC transactions by the total amount of BTC sent to crypto exchanges.   According to Ki Young Ju, the ratio is hovering at a level indicating bearish price action. “BTC selling pressure seems to be…

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors – Altcoins Bitcoin News

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At…

As the Stock Market Dives Report Shows ‘US Households Now Have Record High Exposure to Stocks’ – Economics Bitcoin News

While inflation has kicked up in the U.S., following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U.S. households now have record high exposure to stocks.” The news comes at a time when many analysts and economists believe equities markets are in a colossal bubble. Dow Sheds 900 Points, Financial Expert Lyn Alden Schwartzer Publishes Report on US Household exposure to Stocks Stock markets saw some significant carnage on Monday as the Dow Jones Industrial Average lost 900…

Bitcoin Inflow Reaches 5-Month High as 40,000 BTC Move Into Coinbase

This past weekend, the bitcoin market experienced turmoil after on-chain analyst CryptoQuant flagged over 40,000 bitcoins flowing into Coinbase Pro Exchange. The unusually large transfer triggered fears of an imminent sell-off, with some Twitter users calling for the flagship crypto to dip further into the $20K zone. Coinbase Internal Movements At the same time, Wu Blockchain detected 37,154 BTC moving from Coinbase Pro, hinting that the transactions weren’t a result of whale activity but Coinbase’s internal transfers. CryptoQuant has now come out to confirm that the inflows and outflows were…

Dolce & Gabbana to Launch High Fashion-Inspired NFT Collection in Venice – Bitcoin News

This week the Italian luxury fashion house founded in 1985 in Legnano by Italian designers Domenico Dolce and Stefano Gabbana has announced the firm is launching a non-fungible token (NFT) collection. Dolce & Gabbana also known as D&G will reveal the first-ever Alta Moda NFT collection called “DGGenesi.” D&G to Reveal Alta Moda-Inspired NFT Collection Well known name brands have invaded the crypto space in order to join the non-fungible token (NFT) revolution. Brands like Topps, Warner Bros., UFC, DeLorean Motor Company, Playboy, MLB, TIME, and USA Today have all…

AXIA Coin’s Listing on KuCoin Continues Streak of High Demand

AXIA Coin (AXC) has become a runaway success on the popular cryptocurrency exchange KuCoin after its official launch this morning. The asset-supported digital currency relies on innovative blockchain and smart contract technology standards to upend traditional financial structures, lower participant costs, and advance a more equitable and inclusionary economic model on a global scale. The extraordinary performance on KuCoin comes after a sold-out promotion on the exchange’s BurningDrop platform. Starting July 12, participants were able to mine AXC by staking USDT, KCS or ETH. The promotion has been followed by…