This week was nothing short of eventful from all ends of the spectrum. The market went through considerable volatility, fortunately – it was to the upside for the most part. One of the most popular NFT series – Azuki – also airdropped additional NFTs to its holders while the anticipation and hype more or less doubled its value. All this while Axie Infinity’s Ronin bridge was exploited for some $600 million in what can easily be the largest crypto hack ever. Let’s unpack.
Bitcoin was trading at around $44K this time last week, but it didn’t take a lot for the cryptocurrency to start moving higher. By Monday evening, the price had already increased to almost $48,000, where it consolidated for a few days. Market participants were unable to move BTC in either direction. All that changed on Thursday, but unfortunately, the bears took over and pushed the price back towards $45,000 – where it’s currently trading.
The rest of the market followed in Bitcoin’s footsteps with ce
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