The global digital asset market printed mixed indexes as Bitcoin (BTC) price dropped marginally over the past 24 hours. However, Axie Infinity (AXS) and ORDI recorded a huge surge outperforming Bitcoin which is facing mild selling pressure.
Axie Infinity gains big
The cumulative crypto market cap registered a marginal drop of 0.45% over the last 24 hours. It now stands at around $1.66 trillion. However, the overall market volume recorded a notable 2.96% increase reaching $59.15 billion during the same period.
Axie Infinity (AXS) turned about to be the biggest gainer of the day. AXS price jumped by over 35% in the last 24 hours. Its 24 hour trading volume surged by a whopping 550% to stand at $702 million. AXS boasts a market cap of $1.42 billion.
ORDI is another top performer of the day. Its price jumped by 15.30% surge in the last 24 hours. ORDI’s 24 hour trading volume is up by 101% to stand at $806 million. ORDI holds a live market cap of $1.3 billion.
However, Bitcoin faced a 1.10% decline in the last 24 hours. BTC is trading at an average price of $43,170, at the press time. While maintaining its top position with a market cap of $845 billion. Bitcoin is encountering a selling pressure around the $43,000 mark.
Major liquidation
According to the data provided by Coinglass, more than 65K traders were liquidated over the last 24 hours. The total liquidation stands at $142.46 million. However, the biggest single liquidation order was recorded on Bitmex for XBTUSD, valued at $6.15 million.
Despite increased activity among market participants and surging trading volumes, major cryptos, including Bitcoin, are navigating within a closed range. This situation presents uncertainties about the impending trend. Bitcoin’s current stagnation around $43,000 depicts limited prospects for a bullish breakout as the year-end approaches.
A few weeks earlier, Bitcoin price run speculated a potential bullish breakout by surpassing crucial resistance levels. However, a downward move in momentum redirected attention to alt tokens. This has triggered a positive run for meme tokens.
Get Crypto Trading Signals from Real Crypto Analysts. Join our Waiting List at todayq.com
