Sunday Market Watch: Axie Infinity Surges By 17%, BTC Maintains $41K

The Sunday market watch shows that Axie Infinity surged by 17% and the rest of the market calmed down after the strong volatility on Saturday. Bitcoin managed to stay above $41,000 as continues to read further in today’s altcoin news and analysis.

After surging above $41,000, BTC maintain momentum and remained above the level. The altcoins that marked major gains yesterday stalled for now but during the Sunday market watch, Axie Infinity became one of the few exceptions and made a huge double0digit surge. It was only a few days ago when the biggest cryptocurrency struggled to remain above $37,000 and dropped below this level multiple times. The bulls tried to push It north and resulting in trading around $38,000 on Friday.

This is where the situation changed though. BTC initiated an impressive leg up in the next few hours and surged above $40,000 for the first time in weeks. BTC reclaimed $41,000 and got closer to $42,000 so now the asset stands just shy of this level and the market cap is close to $800 billion once again. The alternative coins went on a roll with a huge double-digit gain and now the majority calmed. Ethereum stands above $3000 for the first time in weeks with some smaller decreases since a day ago. A few slight drops came from Cardano, Solana, Ripple, DOGE, Terra, Avalanche, and SHIB as well.

On the contrary, CRO is up by another 3% while Litecoin surged by 8% and now stands near $125. Axie Infinity, however, was among the most impressive performers as it increased by 15%. now, AXS trades well above $50, and GALA followed suit as it increased by another 20%. the crypto market cap remained calm and stayed near $1.9 trillion.

As recently reported, As it usually happens when the BTC price goes through enhanced volatility, the altcoins do the same. Ethereum struggled to remain above $2000 a few days ago and the second biggest crypto trades above $3000 after a 7% daily increase. The Sandbox followed suit with an 18% increase, Mina protocol with a 16% increase, and ThorCHain with a  14% increase.

Bitcoin reclaimed $40K after a rough start of the year and the biggest cryptocurrency by market cap increased 8% in the past day as per CoinGecko estimates. The asset got off to a bad start this year and crashed to levels not seen since six months ago. The coin looks like it could make a slow recovery despite being down over 40% from the all-time high of $69,044 and touched in November.