Crypto Market Soars, NFT Sales Dip slightly
the crypto market has reached new heights, wiht Bitcoin (BTC) hitting an all-time high of $111,000. It’s now trading at $108,000. Ethereum (ETH) has also recovered slightly to $2,700 but has since dropped to $2,500. The global crypto market cap is now $3.42 trillion, up from $3.29 trillion last week.
However, the NFT market has seen a slight dip in sales volume to $129.8 million, down 0.05%. Despite this, market participation has increased. NFT buyers grew by 61.18% to 443,548, and NFT sellers rose by 31.87% to 199,129. NFT transactions have also risen by 15.39% to 1,697,343.
Ethereum leads NFT sales with $29.6 million, though it has seen a 26.22% decline from the previous week.Avalanche (AVAX) has surged to second place with $22.3 million in sales, up 202.92%. Polygon (POL) holds third place with $21.3 million, up 45.98%. Bitcoin has dropped to fourth place with $18.2 million, down 21.85%.
Notable high-value sales this week include CryptoPunks #3609, sold for 440 ETH ($1,089,338). However, CryptoPunks has seen a 30.94% decline in sales, with decreases in transactions, buyers, and sellers.
For more details, check out last week’s NFT performance.
