Global Crypto Market Sees 2.5% Increase as Ethereum Reclaims $3,700 Level

The global cryptocurrency market capitalization has expanded to $3.42 trillion, marking a 2.5% increase over the last day. This growth is largely attributed to Ethereum’s 3.5% surge in the last 24 hours, reclaiming the $3,700 level. Meanwhile, Bitcoin continues to face resistance near the $100,000 mark, trading at $96,800.

NFT Market Experiences 1.6% Drop, Sales Volume Settles at $146.5 Million

According to the latest data, the NFT market has experienced a 1.6% drop, with total sales volume settling at $146.5 million. However, individual blockchain networks are showing signs of recovery, with Ethereum and Bitcoin leading the way.

Ethereum NFT Blockchain Shows Resilience

The Ethereum NFT blockchain has shown resilience with $51.3 million in sales, marking a 2.87% increase. The network has seen 49,462 buyers, representing a healthy 17.33% growth. Notably, wash trading on Ethereum increased by 16.02% to $9.1 million, suggesting increased market activity.

Bitcoin’s NFT Ecosystem Maintains Strong Momentum

Bitcoin’s NFT ecosystem has maintained strong momentum, with $48.2 million in sales volume, a 6.58% increase. The network has seen decent growth in buyer participation, with 54,903 active buyers marking a 28.89% increase.

Top NFT Blockchains by Sales Volume

Here are the top NFT blockchains by sales volume:

  • Ethereum: $51.3 million (2.87% increase)
  • Bitcoin: $48.2 million (6.58% increase)
  • Solana: $15.7 million (37.86% decline)
  • Mythos Chain: $10.6 million (1.66% decline)
  • ImmutableX: $7.1 million (14.22% increase)

BRC-20 and New Collections Lead Rankings

BRC-20 NFTs continue to dominate with $15 million in sales despite a 10.69% decrease. Uncategorized Ordinals has secured second place with $10.3 million in sales, showing an 81.86% increase in the last seven days.

Top NFT Sales

Here are some of the latest large individual NFT sales:

  • Uncategorized Ordinals #cb0: $6,069,273 (63.4315 BTC)
  • Uncategorized Ordinals #486: $3,583,816 (38.8087 BTC)
  • Bored Ape Chemistry Club #0: $199,156 (59.84 ETH)
  • CryptoPunks #9663: $197,113 (55 ETH)
  • Axie Infinity #115792089237: $178,651 (52 ETH)

NFTs Continue to Evolve

In 2024, NFTs are expanding their utility through integration with gaming and DeFi, enabling in-game assets and serving as collateral in decentralized finance platforms. Corporations are adopting NFTs for promotional campaigns, loyalty programs, and revenue generation.

As NFTs continue to evolve, we can expect to see new and innovative use cases emerge. From hybrid and real-world asset tokenization to AI-enhanced NFTs, the possibilities are endless.

Stay up-to-date with the latest news and trends in the world of cryptocurrencies and NFTs on Global Crypto News.

Post Views: 1