ETH Surge to 3-Month High, AXS Gains 12% Following Recent Ronin Hack
A lot is happening in the crypto industry as Ethereum has hit its highest price level in the past three months. Bitcoin is currently bullish, while AXS has increased by 12%. Axie Infinity (AXS) Ronin recently got hacked, but the recent increase has caught the market by surprise.
What’s Going On With Bitcoin?
Bitcoin witnessed a surge as it hit $46 000. Bitcoin has been going bullish, and it continues to increase in price as it leaped from $45,000 to $48,000 last week. In January, the first largest cryptocurrency hit its highest price level at $48,000. While this surge wasn’t achieved in a day, Bitcoin managed to breach the level.
Even after hitting its three-month, Bitcoin has maintained its price level as it stalls between $47,000 and $48,000 for a few days. However, the coin dropped from $47,700 to $44,000 on March 31. At the time of writing, Bitcoin is $46,779, a 3.49% increase in the last 24 hours. This price increase shows that Bitcoin responded impressively as it quickly recovered from the value drop it witnessed on March 31. It increased to $47,000 in a few hours before returning to $46,600.
Bitcoin has continued to increase in the past few days, and investors look forward to more positive value increases in April. Over the years, April has always been a good month for Bitcoin. In the years, Bitcoin isn’t doing well in April; it doesn’t record more than 2% losses. As it has started on a good note in April, Bitcoin looks forward to a bullish price level.
AXS and NEAR Are Leading the Way
Altcoins are also not lagging even though they have done poorly recently. On the one hand is Ethereum, which saw a 6% increase to $3,500 since it dropped to $3,300. Ethereum’s $3,500 price is the highest price level it has been in three months.
Binance Coin is also doing very well as it has increased by 5% in value in the last 24 hours, leaving the coin at $450, the highest it has been in two months. Solana is up by 7.5%, Terra by 6%, Avalanche by 7%, Dogecoin by 5%, and Shiba Inu by 6.5%.
Ripple, Polkadot, and Cardano also have positive outlooks, each with modest gains. However, NEAR Protocol and Axie Infinity are both leading the way. NEAR has surged in value by 20%, currently above $15. On the other hand, Axie is up by 12% daily following the Ronin hack leaving it at $70.
The crypto market has continued to evolve, and the crypto market cap is currently worth more than $2.150 trillion after making $100 billion. Ethereum and Bitcoin both gained the highest price level since January. Axie has also made impressive gains with Solana, Avalanche, NEAR, etc.