AXS, BCH, and RUNE Surge Significantly Amid Market Fluctuations

• Axie Infinity’s native token AXS rises by 12% in 24 hours.
• BCH experienced a 13% increase over the past week.

As a liquidation crisis stemming from the collapsed FTX exchange impacted the cryptocurrency market, Bitcoin (BTC), the oldest and most esteemed cryptocurrency, surged past the $26,700 threshold on Thursday, generating a wave of enthusiasm throughout the crypto space. Following Bitcoin’s notable ascent, other prominent altcoins, including Axie Infinity (AXS), Bitcoin Cash (BCH), and THORChain (RUNE), have emerged as significant gainers in the digital currency arena.

Axie Infinity (AXS)

At the time of this report, Axie Infinity is priced at $4.75, reflecting a price increase of over 12% in the last 24 hours. Importantly, AXS has seen a remarkable rise in daily trading volume, which has surged by approximately 910%, now totaling $199 million.

AXS 1D Price Chart, Source: CoinMarketCap

Bitcoin Cash (BCH)

Data from CoinMarketCap indicates that the price of Bitcoin Cash (BCH) has experienced a significant 7% rise in a single day and a 12% increase over the week, with its current trading price at $214. BCH’s trading volume over the last 24 hours has also increased by 57% within a day, reaching $346 million.

BCH 1D Price Chart, Source: CoinMarketCap

THORChain (RUNE)

THORChain (RUNE) has positioned itself as the third leading asset of the day, recording an 8% price increase over the past 24 hours and an impressive 11% rise over the week. RUNE’s daily trading volume has also seen a boost, climbing by approximately 44% to now total $85 million.

RUNE 1D Price Chart, Source: CoinMarketCap

Is the liquidation crisis at FTX still affecting market dynamics? Share your thoughts with us on Twitter at @The_NewsCrypto.