NFT Market Rebounds Slightly as Bitcoin Surges Past $105K
NFT Market Experiences Mild Rebound as Bitcoin Crosses $105K
The NFT market has experienced a mild rebound, with weekly sales volume growing 1.95% to $106.2 million. This marks a potential reversal of last week’s downturn, in conjunction with Bitcoin’s spectacular surge to the $105,000 level.
The NFT marketplace has seen greater participation, based on CryptoSlam statistics. The number of buyers went up 55.08% to 826,992, while sellers rose by 18.12% to 257,017. Total transactions went down nearly 25% to 1,651,758, indicating mixed momentum.
Ethereum Leads in Volume, But Sees Dip
Ethereum is still in the top spot for NFT sales, with $30.3 million. Despite this, volume fell by 15.57% from last week. Interestingly enough, Ethereum blockchain wash trading increased by 11.33% to $1.8 million.
Immutable and Bitcoin NFTs skyrocket
Immutable moved into second place, generating $16.4 million of sales in NFTs, a 123.21% boost. Bitcoin NFTs were hot on its heels, bettering 17.81% to $15.1 million. Mythos Chain generated $14 million in sales (+3.26%), while Polygon dropped to $13.9 million, down 7.72%.
Solana rounded out the top six with $6.1 million in sales, down 13.31%. But Polygon dominated the increase in buyers at 54.25%, followed by Solana (34.99%) and Bitcoin (33%).
Top NFT Collections This Week
- Courtyard (Polygon) was number one with $12.5 million in sales, despite seller counts dropping 77.08%.
- Guild of Guardians Heroes expanded exponentially, rising 108.92% to $10.6 million, ranking second.
- Key third spot went to DMarket with $8.9 million (+6.11%), while Guild of Guardians Avatars rose 129.32% to $5 million.
- Bitcoin BRC-20 NFTs ranked fifth with $4.8 million, growing across all the major metrics.
CryptoPunks, while registering substantial solitary sales, fell to the sixth spot with $3.5 million—a 22.23% fall. Transactions and seller figures decreased but that of buyers remained steady.
High-Value NFT Sales Worth Noting
- CryptoPunks #1831 – 150 ETH ($389,846)
- CryptoPunks #9778 – 150 ETH ($377,958)
- CryptoPunks #4868 – 76.5 ETH ($201,933)
- CryptoPunks #5586 – 70.07 ETH ($185,292)
- CryptoPunks #7516 – 60 ETH ($158,378)
As Bitcoin maintains momentum and NFT buyer numbers grow, the market may be inching toward broader recovery, despite volatility across individual collections.
Read More
CryptoPunks Purchases Shake Up the NFT Market
NFT Market Rebounds Slightly as Bitcoin Surges Past $105K
NFT Market Experiences Mild Rebound as Bitcoin Crosses $105K
The NFT market has experienced a mild rebound, with weekly sales volume growing 1.95% to $106.2 million. This marks a potential reversal of last week’s downturn, in conjunction with Bitcoin’s spectacular surge to the $105,000 level.
The NFT marketplace has seen greater participation, based on CryptoSlam statistics. The number of buyers went up 55.08% to 826,992, while sellers rose by 18.12% to 257,017. Total transactions went down nearly 25% to 1,651,758, indicating mixed momentum.
Ethereum Leads in Volume, But Sees Dip
Ethereum is still in the top spot for NFT sales, with $30.3 million. Despite this, volume fell by 15.57% from last week. Interestingly enough, Ethereum blockchain wash trading increased by 11.33% to $1.8 million.
Immutable and Bitcoin NFTs skyrocket
Immutable moved into second place, generating $16.4 million of sales in NFTs, a 123.21% boost. Bitcoin NFTs were hot on its heels, bettering 17.81% to $15.1 million. Mythos Chain generated $14 million in sales (+3.26%), while Polygon dropped to $13.9 million, down 7.72%.
Solana rounded out the top six with $6.1 million in sales, down 13.31%. But Polygon dominated the increase in buyers at 54.25%, followed by Solana (34.99%) and Bitcoin (33%).
Top NFT Collections This Week
- Courtyard (Polygon) was number one with $12.5 million in sales, despite seller counts dropping 77.08%.
- Guild of Guardians Heroes expanded exponentially, rising 108.92% to $10.6 million, ranking second.
- Key third spot went to DMarket with $8.9 million (+6.11%), while Guild of Guardians Avatars rose 129.32% to $5 million.
- Bitcoin BRC-20 NFTs ranked fifth with $4.8 million, growing across all the major metrics.
CryptoPunks, while registering substantial solitary sales, fell to the sixth spot with $3.5 million—a 22.23% fall. Transactions and seller figures decreased but that of buyers remained steady.
High-Value NFT Sales Worth Noting
- CryptoPunks #1831 – 150 ETH ($389,846)
- CryptoPunks #9778 – 150 ETH ($377,958)
- CryptoPunks #4868 – 76.5 ETH ($201,933)
- CryptoPunks #5586 – 70.07 ETH ($185,292)
- CryptoPunks #7516 – 60 ETH ($158,378)
As Bitcoin maintains momentum and NFT buyer numbers grow, the market may be inching toward broader recovery, despite volatility across individual collections.
Read More