Bitcoin Stagnates While GameFi Tokens Surge
- Bitcoin remains below the death cross, trading at $90,895 with weak momentum.
- GameFi tokens lead gains, with Axie Infinity (AXS) surging by 131% this week and over 250% in the past month.
- Gold reached a record high of $4,900 per ounce as investors shift from risk assets.
- The S&P 500 is set for a second weekly decline amid geopolitical tensions and proposed tariffs.
- Sky Mavis launched Origins Season 16, boosting AXS trading volume and user activity.
Despite Bitcoin’s ongoing struggle to break past technical resistance levels, GameFi tokens like Axie Infinity are experiencing significant upward momentum due to strategic updates and increased market interest.
This highlights the contrasting fortunes within the crypto market, where niche sectors can thrive even when major assets like Bitcoin remain stagnant. (Source)
