Crypto News Week 3 and 4 (Part 1)
$BTC $AXS $MANA $CRV
Metaverse rally pushes crypto market to 1 trillion. USD
$AXS leads with over 45% gain
$BTC soars above USD 22,000, a rally in Metaverse tokens has pushed the total market capitalisation of cryptocurrencies back above the USD 1 trillion mark. USD.
$AXS is the top performer with explosive 45% weekly gains driving the market higher on hopes of an end to crypto winter. The optimism is fuelled by the observation that bad headlines seem to have lost their ability to influence prices as crypto assets rise despite one of the largest crypto lenders filing for a long-dreaded bankruptcy and the stock market stagnating due to global economic uncertainty.
The week's biggest gainer $AXS is up 125% year-to-date, while Metaverse favourite Decentraland (MANA) is up 149% over the same period. Close behind is Curve, which is up 100% after gaining more than 30% last week on the back of excitement over the dollar pegging of the Stablecoin project.
This week's highlights.
- Metaverse gains momentum as Axie Infinity surges 45
- Shiba rises 14% after the launch of Shibarium