Bitcoin and Altcoins See a Rise Over the Weekend: NOT Coin and XAI Are Also on the Rise

The cryptocurrency market had an active day over the weekend. The rise in Bitcoin also had a positive impact on altcoins. The market-wide activity excited investors.

The cryptocurrency market had an active day over the weekend. The rise in Bitcoin also had a positive impact on altcoins. The market-wide activity excited investors. It is worth noting that a large amount of positions were liquidated while NOT coin, CRV and many more were rising.

NOT coin and those cryptos started flying

According to market data dated July 7, Bitcoin price has recorded a significant increase. Reaching the level of $ 58,000, Bitcoin made investors happy. A general recovery was also seen in altcoins following this rise.

While some cryptocurrencies, such as NOT coin and CRV, continued to rise, others experienced a decline. Aave (AAVE) token decreased by 2.2%, NEAR Protocol (NEAR) by 1.1%, and Chain (XCN) by 1.1%.

* AXL and XAI are also on the rise: There is a big liquidation*

Axelar (AXL) token rose 39% to $0.6808, according to market data on July 7. This increase seen in the last 24 hours attracted attention. XAI token also had its share of increases over the weekend. XAI, which briefly rose above $0.36 on July 7, is currently trading at $0.3508, up 24.3%.

Meanwhile, according to Coinglass data, on July 7, there was a liquidation of 172 million dollars across the network. $26.88 million of these liquidations resulted from long positions and $145 million from short positions. Liquidations are considered as an indicator of market activity. The fact that there are fewer liquidations in long positions may suggest that investors have generally bullish expectations.

As a result, the recent rise in Bitcoin and the recovery in altcoins created a positive atmosphere in the market, but experts emphasize that investors should be cautious. The cryptocurrency market is known for its volatility and new fluctuations may occur in the coming days. This news has been prepared based on current market data. Since the cryptocurrency market is constantly in motion, it is important for investors to follow the market themselves and make investment decisions based on their own research.

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