Bitcoin Patina to $38,000 and Axie Infinity Stands Out Again – Market Summary

Charlie Taylor

This Wednesday (04) Bitcoin had some nightmares during the night that made it be traded at the lowest value in a week. However, early in the morning, the asset recovered at least 1% and returned to the level it was in yesterday. The cryptocurrency market today has started all morning on the positive, with only a few currencies dropping a few digits in 24 hours. The reader may be wondering if after this lull, the storm will give the bulls strength. For now, we have a good long-term outlook, and there are still some analysts who believe in support for the $35,000 price. Check out today's Market Summary. CoinGoLive graphic with Bitcoin skating and Axie INfinity rising again Source: CoinGoLive.com.br

Bitcoin has bottomed out?

Bitcoin opened the works on Wednesday traded at the lowest price in a week. At around 6 am, it was quoted at US$37,729, a price that has not been registered since July 27th. However, as if analyst Tone Vays was pushing the price, btc rose 1% to $38,382 according to CoinGoLive. Understand: Analyst Tone Vays comments on the worst scenario for the price of bitcoinThe market cap of the main cryptocurrency dropped today to US$ 713 and its gains in one week are also negative (-1.78%). Dominance also decreased to 44.2% as other currencies like Axie Infinity managed to improve their points in 24 hours.

Axie Infinity stands out again

While bitcoin takes a little back, Axie Infinity (AXS) stands out again with an increase of more than 12% in 24 hours, recovering the level of US$ 43. In 24 hours, the performance of the main altcoins was as follows: Ethereum (+0.13%), Binance Coin (+0.44%), Cardano (3.29%), Ripple (-1.61%), Dogecoin (-0.70%), Polkadot (+1.72 %), Uniswap (+1.09%), Chainlink (+3.15%), Bitcoin Cash (+0.33%), Litecoin (+3.15%) and Solana (-0.2%). Again, it should be noted that the second largest cryptocurrency in the market remains 9.48% higher in 7 days due to the optimism of investors with the arrival of the London update. The hard fork London, which arrives at the 12,965,000 block of the Ethereum, is set to take place tomorrow. Stay tuned for our news about ETH. The cumulative market capitalization of all cryptocurrencies remains stable at $1.62 trillion.
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