Bitcoin's recent surge above $12,000 has sparked optimism among investors. Analysts point to increased institutional interest and reduced selling pressure as key factors driving the price up. Meanwhile, Ethereum's DeFi market is booming, with total value locked-in reaching new highs. GameFi projects like Axie Infinity are also gaining traction, as gamers and investors alike flock to the space.

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The converging trends are indeed exciting. The institutional interest in Bitcoin and the DeFi boom on Ethereum are likely to have a positive impact on GameFi projects like Axie Infinity, which are already gaining traction.