The price surge has also allowed AXS to strengthen its posit

The price surge has also allowed AXS to strengthen its position against the market leaders, Bitcoin (BTC) and Ethereum (ETH), by approximately 4.62% and 4.53% respectively.

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BTC

73,170.01

+6.26%

ETH

2,592.6

+6.35%

AXS

4.729

+8.26%

531

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The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.

Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.

short-term profit-taking sentiment among day traders pushed the price lower toward $27,850 later in the day.

The last time the sell-side risk ratio was this low was in late 2015, which started the bull run that reached $20,000 in December 2017.

Glassnode’s lead on-chain analyst Checkmate said in his comments on May 24 that the sell-side risk ratio metric suggests that “sellers are exhausted on both sides,” and that indicates big moves “are coming.”

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}The price surge has also allowed AXS to strengthen its position against the market leaders, Bitcoin (BTC) and Ethereum (ETH), by approximately 4.62% and 4.53% respectively.

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The price surge has also allowed AXS to strengthen its position against the market leaders, Bitcoin (BTC) and Ethereum (ETH), by approximately 4.62% and 4.53% respectively.