The post NFT sales dip to $146.5m: Ethereum, Bitcoin network recover appeared on BitcoinEthereumNews.com.

As Bitcoin continues to face resistance near the $100,000 mark, the NFT market has experienced a 1.6% drop, with total sales volume settling at $146.5 million. While Bitcoin (BTC) trades at $96,800, Ethereum (ETH) has shown strength by surging 3.5% in the last 24 hours to reclaim the $3,700 level. The global cryptocurrency market capitalization has expanded to $3.42 trillion from last week’s $3.35 trillion. This marks a 2.5% increase over the last day. According to the latest data from CryptoSlam, while overall sales have declined, individual blockchain networks are showing signs of recovery: NFT (non-fungible token) sales volume dropped from last week’s $160.9 million. NFT buyers have surged to 574,853, marking a 27.57% increase. NFT sellers have grown to 342,382, showing a surge of 23.21% NFT transactions have declined by 11.22% to 1,424,770. Ethereum and Bitcoin show signs of recovery 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. Source: Blockchains by NFT Sales Volume (CryptoSlam) Bitcoin’s NFT ecosystem has maintained strong momentum. The network has recorded $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. Solana (SOL), while maintaining its third position, experienced a major decline of 37.86%, with sales dropping to $15.7 million. However, the network continues to show strong user engagement with 230,954 buyers. Mythos Chain secured the fourth position with $10.6 million in sales, showing a marginal decline of 1.66%. However, ImmutableX (IMX) rounded out the top five with $7.1 million in sales, showing a surge of 14.22%. BRC-20 and new collections lead rankings BRC-20 NFTs…

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Filed under: News - @ November 30, 2024 1:17 pm