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Cryptocurrency News Articles
Bitcoin NFT Market Pumps +20% As BTC Price Climbs Back To $70K Levels
Oct 30, 2024 at 12:45 pm
The crypto market, spearheaded by the flagship crypto, Bitcoin, is skyrocketing again after several weeks of consolidation.
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The crypto market, led by the flagship cryptocurrency Bitcoin, is once again skyrocketing after several weeks of consolidation. Earlier this week, Bitcoin price climbed back to $70,000 levels and has since been blasting towards $73,000 a few hours ago. Meanwhile, the non-fungible token market has also turned positive, with global NFT sales volume pumping to +$11 million during this short crypto market rally.
Source: Coinmarketcap.com; Bitcoin trading activity in the past 24 hours
As a reminder, the crypto and non-fungible token markets are closely linked, like a mother and child. So the impact in the crypto market is often delegated to the non-fungible token market. There is a strong crossover between cryptocurrency market participants and NFT market participants. This happens because cryptos are often used to pay for NFTs.
Daily NFT Sales Jump +4%, As Bitcoin NFTs Pump +20%
According to data recorded by cryptoslam.io, an on-chain non-fungible token market data aggregator, the global NFT market has turned positive today, mainly due to the recent resurgence in the crypto market. In the past 24 hours, the NFT market has amassed a trading sales volume of $11 million, which is 4.57% less than the past day. During this period, NFT buyers have decreased by 21%.
Source: cryptoslam.io, NFT sales volume by blockchain networks in the past 24 hours
NFTs created on Ethereum, the blockchain network that is popular in the NFT market for powering most blue-chip NFT collections, are the best-selling NFT collections in the NFT market today. In the past 24 hours, Ethereum-based NFTs have amassed a trading sales volume of over $3.9 million. During this time, the Ethereum-based NFT trading sales volume has surged +11% from the past day.
NFTs created on Bitcoin, the same blockchain network that powers the flagship cryptocurrency Bitcoin and is popular in the NFT market for hosting BRC-20, Runes, and Ordinal collections, are the second best-selling NFT collection today. In the past 24 hours, Bitcoin-based NFTs have attracted a trading sales volume of $2.4 million, which is a 20% surge from the previous day.
Top Bitcoin NFT Collections Today, October 30
Bitcoin Puppets, an Ordinals collection featuring a limited supply of 10,001 unique PFPs (profile pictures) hand-drawn in MS Paint by a 12-year-old artist, is the best-selling Ordinals collection in the Bitcoin NFT market today. In the past 24 hours, the Bitcoin Puppets NFT collection has amassed a trading sales volume of $554,518. The Bitcoin Puppets NFT sales volume has surged 63% from the past day.
Source: cryptoslam.io, top-selling Bitcoin-based NFTs by volume in the past 24 hours
Quantum Cats, an NFT collection from the digital asset Taproot Wizard featuring a limited set of 3,333 cat images minted using Ordinals Inscriptions, is the second best-selling NFT series in the Bitcoin NFT market today. In the past 24 hours, the Quantum Cats NFT collection has attracted a trading sales volume of $390,352. Quantum Cats NFT trading sales volume has surged 137% from the past day.
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Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Avalanche (AVAX) and Solana (SOL) Gear Up for New Market Cap Highs, But Is Minotaurus (MTAUR) a Hidden Gem in This Rally?
- Oct 30, 2024 at 04:15 pm
- As Avalanche (AVAX) gains momentum and Solana (SOL) benefits from Bitcoin's record surge, there are questions about what happens to these coins if their market caps reach higher levels. Let's explore what this could mean for their prices.
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- RCO Finance (RCOF) Token Set to Make New Crypto Millionaires in 2025, Unlike Meme Coins PEPE (PEPE) and Bonk (BONK)
- Oct 30, 2024 at 04:15 pm
- Pepe (PEPE) and Bonk (BONK) made waves in 2024 with massive gains, but the RCO Finance (RCOF) token is set to go further. It aims to create new crypto millionaires in 2025.
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- Shiba Inu Decouples from Bitcoin, Showing Independent Price Movements Despite Market Volatility
- Oct 30, 2024 at 04:15 pm
- This development comes as the cryptocurrency market, including Bitcoin and other altcoins, has experienced fluctuations, with October falling short of its traditionally bullish expectations.
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- Japan's Mass Recruitment of New Graduates System Is Reaching a Turning Point
- Oct 30, 2024 at 02:15 pm
- In Japan, there is a unique system called "mass recruitment of new graduates." Companies recruit prospective graduates during the same period each year and interview and test them while they are still in school. Then, they hire a certain number of students and have them work immediately after graduation.