Market Watch: AXS Soars 40% Overnight, Bitcoin Sits Close to $23K

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Axie Infinity's native cryptocurrency has skyrocketed by double digits in the past 24 hours.

Axie Infinity’s native cryptocurrency has skyrocketed by double digits in the past 24 hours.

After tapping a few consecutive multi-month highs above $23,000, bitcoin has retraced slightly and has slipped below that line. Dogecoin and Ripple are the best performers from the top 10 altcoins, while Axie Infinity has stolen the show from the mid-caps.It was on January 9 when the primary cryptocurrency finally managed to decisively overcome $17,000 after weeks of unsuccessful attempts. Since then, the asset has never looked back and has added thousands of dollars.skyrocketed

to over $21,000 by the end of it. The beginning of the next one was rather calm, and it wasn’t until last Friday that the cryptocurrency initiated another leg up that resulted in breaking above $22,000 and even $23,000. As such, bitcoin managed to chart its highest price tag since early September during the weekend at over $23,200. It has retraced by a few hundred dollars since then and trades just under $23,000 as of now, though.This is all you need not to miss any price action in the raging crypto markets.

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