After trading below 60k USD for the last 6 days, BTC broke above 60k with bulls displaying their strength as Bitcoin’s dominance touched 56%. This happened after Tron’s founder Justin Sun hinted that China potentially removing the ban on Bitcoin and other crypto assets through his tweet. However, the major factor of this pump can be attributed to the USD regaining some strength against the Japanese Yen. The falling prices of USD/JPY had taken BTC below 50k USD.
On the other hand, gaming and NFT-based tokens experienced a significant surge over the past few days. Many projects, particularly those centered around gaming-focused blockchains, saw significant gains compared to the broader market.
