The cryptocurrency market had an active day over the weekend. The rise in Bitcoin also had a positive impact on altcoins. The market-wide activity excited investors. It is worth noting that a large amount of positions were liquidated while NOT coin, CRV and many more were rising.
NOT coin and those cryptos started flying
According to market data dated July 7, Bitcoin price has recorded a significant increase. Reaching the level of $ 58,000, Bitcoin made investors happy. A general recovery was also seen in altcoins following this rise.
- The bullish star was NOT coin: According to market data on July 7, NOT broke above $0.015 and is currently trading at $0.01538, up 51% in 24 hours.
- Bake price skyrocketed: Bake is trading at $0.264 with a 25% increase in the last 24 hours.
- 12% storm in W price: W token, which gained 12% value in the last 24 hours, is currently bought and sold at $ 0.288.
- 10% solid step in CRV: CRV, the Curve DAO token, is trading at $ 0.26, gaining 10% in value in the last 24 hours.
- OP price is on the rise: Optimism token OP gained 10% in the last 24 hours and is currently trading at $1.48.
- Almost 10% increase in ARB: Arbitrum token ARB is trading at $0.68, gaining 9.5% in the last 24 hours.
AXL and XAI are also on the rise: There is a big liquidation
Axelar (AXL) token rose 39% to $0.6808, according to market data on July 7. This increase seen in the last 24 hours attracted attention. XAI token also had its share of increases over the weekend. XAI, which briefly rose above $0.36 on July 7, is currently trading at $0.3508, up 24.3%. Meanwhile, according to Coinglass data, on July 7, there was a liquidation of 172 million dollars across the network. $26.88 million of these liquidations resulted from long positions and $145 million from short positions. Liquidations are considered as an indicator of market activity. The fact that there are fewer liquidations in long positions may suggest that investors have generally bullish expectations.
As a result, the recent rise in Bitcoin and the recovery in altcoins created a positive atmosphere in the market. However, experts emphasize that investors should be cautious. The cryptocurrency market is known for its volatility and new fluctuations may occur in the coming days. This news has been prepared based on current market data. Since the cryptocurrency market is constantly in motion, it is important for investors to follow the market themselves and make investment decisions based on their own research.
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