Bitcoin price is showing signs of bottoming and starting a new uptrend. Although BTC is getting rejected at a supply zone, this development will be followed by a massive spike that propels the market value of the big crypto. Ethereum and Ripple also look positioned for a bullish onslaught.
On-chain activity and utility of Ethereum layer-1 scaling solutions may be negatively impacted by the launch of ETH2.0. The implementation of sharding and proof-of-stake consensus mechanism could make layer-1 scaling solutions irrelevant.
Axie Infinity price slid below a crucial higher time frame support level, leading to a steep correction. This downswing seems to have come to an end as AXS bounces off another significant level, kick-starting a massive run-up.