Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Gaming tokens hit $40,000 due to Bitcoin drop.
BLOCKCHAIN NEWS

Gaming tokens hit $40,000 due to Bitcoin drop.

By Crypto FlexsJanuary 23, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Gaming tokens hit ,000 due to Bitcoin drop.
Share
Facebook Twitter LinkedIn Pinterest Email

The cryptocurrency market has recently experienced a downturn, with gaming tokens declining significantly as the value of Bitcoin approached $40,000.

Cryptocurrency markets fell on Monday, particularly affecting gaming tokens. Gaming token prices have fallen further as Bitcoin (BTC) approaches $40,000, according to CoinGecko.

Immutable’s IMX token fell 8% to $1.80, with Beam (BEAM) and Gala Games (GALA) down about 7%. Axie Infinity’s AXS governance token fell more than 6%, while its in-game SLP rewards token fell 7%. The only token that has not experienced a decline is Ronin (RON), which rose 34% in the past week to reach a price of $2.32 and is currently one of the top 100 cryptocurrencies. It peaked at $2.52 on Sunday, its highest since February 2022.

These market movements within gaming tokens reflect broader trends in the cryptocurrency sector. A recent CoinShares report found that a total of $21 million was outflowed from digital asset investment products last week. At the same time, Bitcoin trading volume surged to $11.8 billion, seven times the average weekly volume in 2023.

This significant trading volume in Bitcoin has implications for the broader cryptocurrency market, including gaming tokens. Investment patterns are also changing geographically. The United States recorded capital inflows of $263 million, while Canada and Europe experienced a combined $297 million in capital outflows.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025
Most Popular

Improve AI development function by acquiring COREWEAVE Weights & Biaseses

March 12, 2025

Bitcoin Ready to Break Through ‘$90K+’ BTC Price Target — New Analysis

June 23, 2024

How to make 10 times the profit by trading Bitcoin contracts (including actual strategies)

March 28, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.