AAVE Explodes 25% Daily, ETH Surges Above $1.9K (Market Watch)

AAVE Explodes 25% Daily, ETH Surges Above $1.9K (Market Watch)

The cryptocurrency market managed to maintain positive momentum into the weekend, with the majority of coins maintaining their gains due to lower volatility and trading volume.

Bitcoin price fight for $31,000

Bitcoin price rose above $31,000 on Friday but failed to sustain above this level. It subsequently declined, but it appears that the bulls are now preparing for another attempt.

The price has increased slightly over the last 24 hours and is slightly below $31,000 as shown in the chart below.

Source_TradingView

It is also evident that Bitcoin has been undergoing a consolidation in the last few days after the price moved sharply towards $30,000 and $31,000 respectively. This could indicate that another period of volatility is ahead.

AAVE explodes by 25% daily

Most of the altcoin market remained relatively flat throughout the day, seeing either slight gains or slight declines, but nothing too serious, as can be seen in the heatmap below.

Quantify Crypto

Of course there are some exceptions. Most notable is AAVE, which exploded over 25% in the last 24 hours. This move also brings the cryptocurrency's total weekly gains to over 40%, making it one of the best performers around.

Synthetix Network (SNX) also performs excellently. It has increased by almost 20% during the day and 25% during the week.

At the other end of the spectrum, Kaspa (KAS) is trading with a loss of 5%, followed by Render (RNDR), which is down 4% on the day.

It is also worth noting that Ethereum surpasses $1.9k and appears to be pushing against the crucial technical and psychological level of $2k.

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