As Bitcoin surges toward the $100,000 mark, touching a new all-time high of $99,655.50, the non-fungible token (NFT) sales volume has shown a drop of 9.6% to $160.9 million.
The global cryptocurrency market capitalization has continued to surge, reaching $3.35 trillion from last week’s $3.03 trillion. This marks a 2% increase over the last day, with Bitcoin (BTC) currently trading at $98,620.
The last week’s NFT sales volume stood at $178.8 million. However, according to recent data from CryptoSlam, the NFT market has seen a pullback.
- NFT sales volume decreased to $160.9 million
- Ethereum (ETH) blockchain leads with $51.3 million in sales (23.07% decrease)
- Bitcoin follows with $44.6 million (25.67% decrease)
- NFT buyers surged by 52.93% to 450,512
- NFT sellers increased by 46.74% to 277,767
- NFT transactions slightly decreased by 1.26% to 1,606,261
Ethereum NFT sales decline by 23.07%
The Ethereum NFT blockchain sales volume fell to $51.3 million this week, marking a 23.07% decrease in the last seven days.
The number of NFT buyers on the Ethereum blockchain grew to 42,157, showing a 31.45% increase.
Bitcoin maintained its second position despite a 25.67% decrease in the last seven days.
According to the data, Bitcoin blockchain’s NFT volume stood at $44.63 million, with wash trading increasing by 46.05% to $1.57 million.
Solana (SOL) secured the third position with $25.8 million, showing resilience with a 6.83% increase during the last seven days.
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Author: Vignesh Karunanidhi
