In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. NFT Market Faces Sharp Decline At the […]
On Tuesday, the social news hub Reddit unveiled that it would be drawing the curtains on the Community Points project. This revelation promptly sent two cryptocurrency coins from r/cryptocurrency and r/fortnite spiraling downward, showcasing a notable dip in value following the news. This development also irked a multitude of Redditors, with conversations surrounding the plan […]
Bitcoin retreated from a multi-week high on Tuesday, after cryptocurrencies entered overbought territories. Traders have seemingly opted to capture recent profits, ahead of key data points later this week. Ethereum slipped below $ 1,700. Bitcoin Bitcoin (BTC) edged below the $ 28,000 level during today’s session, as traders moved to secure Monday’s gains. …
Fresh data indicates a continuing decline in non-fungible token sales, dipping 3.2% in the last week and plummeting 34% over the past month. As September nears its end with six days remaining, NFT sales have tallied up to $ 341.37 million since August 24. NFT Sales Still Can’t Escape Crypto Winter’s Wrath This September, …
After capturing $ 66.5 billion in May, decentralized exchange (dex) trade volumes have fallen for four consecutive months, with August statistics reaching a 2023 low of $ 41.7 billion. Metrics for the first half of September do not show improvement, with decentralized exchange trade volumes at about $ 16.96 billion as of …