🌎 Bitcoin Nears $100K as NFT Sales Dip 9.6% to $160.9 Million

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 currently trading at $98,620.

NFT Market Overview

Last week’s NFT sales volume stood at $178.8 million. However, according to recent data, the NFT market has seen a pullback. NFT sales volume decreased to $160.9 million.

Blockchain-Specific NFT Sales

The Ethereum blockchain leads with $51.3 million in sales, marking a 23.07% decrease. Despite the decline, 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.

Bitcoin blockchain’s NFT volume stood at $44.63 million, with wash trading increasing by 46.05% to $1.57 million.

Solana secured the third position with $25.8 million, showing resilience with a 6.83% increase during the last seven days. Polygon jumped to fourth place with $13.5 million, displaying remarkable growth of 289.66% during the last seven days. Mythos Chain took the fifth position with $10.7 million in sales, showing a marginal decline of 0.71%.

BRC-20 NFTs Maintain Market Leadership

BRC-20 NFTs continue to lead with $16.6 million in sales volume, despite a 41.39% decrease. MGGA Hat on Polygon secured second place with $10 million in sales, while CryptoPunks followed with $9.2 million, showing a 60.26% decrease.