Key Points
Bitcoin is on the verge of hitting the $100,000 mark, having recently reached a new all-time high of $99,655.50. In contrast, the volume of non-fungible token (NFT) sales has seen a 9.6% decrease, falling to $160.9 million.
The worldwide market capitalization of cryptocurrencies has continued to rise, achieving $3.35 trillion from the previous week’s $3.03 trillion. This represents a 2% increase in a single day, with Bitcoin (BTC) currently trading at $98,620.
The NFT sales volume for the past week was $178.8 million. However, recent data from CryptoSlam indicates a pullback in the NFT market.
NFT Market Details
The volume of NFT sales has dropped to $160.9 million. The Ethereum (ETH) blockchain leads with $51.3 million in sales, a decrease of 23.07%. Bitcoin follows with $44.6 million, a decrease of 25.67%.
The number of NFT buyers has surged by 52.93% to 450,512. NFT sellers have increased by 46.74% to 277,767. However, NFT transactions have slightly decreased by 1.26% to 1,606,261.
Sales volume for Ethereum NFTs fell to $51.3 million this week, marking a 23.07% decrease over the last seven days. The number of NFT buyers on the Ethereum blockchain increased to 42,157, a rise of 31.45%.
Bitcoin maintained its second position despite a 25.67% decrease over the past week. The Bitcoin blockchain’s NFT volume was $44.63 million, with wash trading increasing by 46.05% to $1.57 million.
Other cryptocurrencies also had notable performances. Solana (SOL) secured the third position with $25.8 million, showing resilience with a 6.83% increase over the last week. Polygon (POL) jumped to the fourth position with $13.5 million, demonstrating remarkable growth of 289.66% over the past week. Mythos Chain (MYTH) took the fifth position with $10.7 million in sales, displaying a marginal decline of 0.71%.
BRC-20 NFTs continue to lead with $16.6 million in sales volume, despite a 41.39% decrease. MGGA Hat on Polygon secured the second position with $10 million in sales, while CryptoPunks followed with $9.2 million, showing a 60.26% decrease.
The most recent data reveals that the following NFT collections topped the sales last week: Uncategorized Ordinals #016 sold for $3,795,420 (39.0083 BTC), CryptoPunks #7098 sold for $368,889 (118 ETH), CryptoPunks #6285 sold for $339,618 (100 ETH), CryptoPunks #3152 sold for $332,825 (98 ETH), and Autoglyphs #210 sold for $279,868 (90 WETH).
