Bitcoin price exceeds € 40,000 at the beginning of the last quarter of the year

With feature â ????short pressto???? Beginning of October andThe Bitcoin price managed to break the resistance of 40,000 euros, marking a trend reversal at the beginning of this final quarter of 2021.

With an outstanding + 9.03% in the last 24 hours, BTC price managed to break the 40,000 mark to hit double-digit weekly performance, according to data from Cointelegraph Markets.

Bitcoin price exceeds € 40,000 at the beginning of the last quarter of the year
Bitcoin price exceeds € 40,000 at the beginning of the last quarter of the year

After hitting a low of € 34,044 on September 21, the price had tried several opportunities to overcome its immediate resistance near € 38k, but it wasn’t until today, October 1, that it made the final jump above 38.2 % Fibonacci retracement value.

Currently the RSI shows a strong uptrend with overbought levels, so it is not surprising that there is a small correction over the weekend for values ​​below 40.802 euros (61.8% Fibonacci).

Axie Infinity AXS Token: New ATH

The platform’s native token â ???? Play2Earnto???? Axie Infinity is another big winner of the day. According to Coinmarketcap, AXS posts profit of + 27.06%after breaking the eighty euro mark today.

With this price of 82.05 €, the AXS token draws weekly income from. on + 41.93%, managed to be among the top 30 cryptocurrencies in the global ranking. With this new price, the token reached a new all-time high on the eve of October with the registration of € 83.32 a few hours ago.

dYdX: The best of the week

Another token that has had great pull in the market for the past seven days is is the token of the decentralized exchange platform dYdX, which is a surprising + 86.60% in this period of time.

At a spot price of just under 20 euros the native token of this DEX has consolidated despite its correction that we are observing today, a -7.13%.

Although the token has fallen from its historical maximum registered yesterday to the level of € 23.95 -17.89%, The ban in China and the need for users in that country to use decentralized platforms to exchange cryptocurrencies could continue to fuel the rise in the price of this token.

The dYdX token is in box number 80 of the global ranking of cryptocurrencies and, despite the decline in its daily volume, has a diluted market capitalization of just over $ 19 billion.

The opinions expressed in this post are the sole responsibility of authorAnd they have nothing to do with Cointelegraph’s editorial line. Every investment involves risk and you should do your research before investing. This contribution cannot be understood as financial advice.

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