Bitcoin Price Pushes for $35K as This Altcoin Blows Up (Market Watch)

The past 24 hours saw Bitcoin’s price consolidate and inch closer to the coveted resistance level of $35,000. It hasn’t been the most impressive story, however, as Axie Infinity ($AXS) exploded by a whopping 16% throughout the same period.

Bitcoin ($BTC) Price Pushing $35K

As can be seen in the chart below, Bitcoin’s price is currently attempting a push toward the resistance level situated at the coveted $35,000 mark.

It’s worth noting that Bitcoin’s dominance – the metric that analysts use to gauge $BTC’s share relative to that of the rest of the market – has been on the decline in the past 24 hours.

This suggests that altcoins are performing better compared to it – something that we haven’t seen that much in the past couple of weeks. It’s interesting to see whether or not $BTC can claim the pivotal $35K level or if there will be another correction.

Axie Infinity ($AXS) Leads Altcoin Gains

Axie Infinity ($AXS) is undoubtedly the best performer throughout the past 24 hours, charting massive gains upwards of 16%.

However, the market, in general, is painted in green. Most of the altcoins are marking gains, and the heatmap is a sea of green:

Besides $AXS, other top performers include GALA (14%), Rollbit Coin (RLB), Solana (8%), and so forth. On the other end of the spectrum, there’s Stacks (STX), which is down 3%, unable to capitalize on the market’s uptick.