AXS, BCH, and RUNE surge exponentially amidst market volatility

• Bitcoin surged past $26,700 amid a liquidation crisis at FTX exchange.
• Axie Infinity’s daily trading volume rose by an estimated 910%.
• Bitcoin Cash and THORChain saw significant increases in trading volumes.

As the FTX exchange experienced a liquidation crisis, it rippled the entire cryptocurrency market. Amidst this, Bitcoin (BTC), the world’s first and most respected cryptocurrency, surged past the $26,700 threshold on Thursday, triggering a surge of enthusiasm throughout the cryptocurrency market. In the wake of Bitcoin’s remarkable surge, other prominent altcoins such as Axie Infinity (AXS), Bitcoin Cash (BCH), and THORChain (RUNE) have risen to become the top performers in the digital currency space.

Axie Infinity (AXS)

Currently, Axie Infinity is priced at $4.75, marking a significant increase of more than 12% in the past 24 hours. Importantly, AXS has seen a dramatic rise in its daily trading volume, which has skyrocketed by an estimated 910% and is now valued at $199 million.

Bitcoin Cash (BCH)

CoinMarketCap data reveals that Bitcoin Cash has experienced a significant 7% rise in price in just one day and a 12% increase over a week, currently trading at $214. The 24-hour trading volume of BCH has also seen a remarkable surge of 57% in a single day, amounting to $346 million.

THORChain (RUNE)

THORChain has risen to become the third leading performer of the day, recording an 8% increase in price in the last 24 hours and a notable 11% rise over the week. The daily trading volume of RUNE has seen a significant increase, growing by around 44% and currently standing at $85 million.