Bitcoin Sees Record NFT Sales, According to Recent Blockchain Data
As Bitcoin hovers around the $42,500 mark, activity on its blockchain is notably vibrant, fueled largely by a surge in NFT sales during 2023.
The latest data from Cryptoslam paints a striking picture of December 2023, witnessing an unparalleled surge in NFT sales on the Bitcoin blockchain, amassing a staggering $881,223,753.92. This record-breaking figure stands as the highest monthly sales record for NFTs to date.
The report highlights remarkable milestones: a record number of 111,713 buyer addresses actively participating in NFT transactions on the Bitcoin network during December. Simultaneously, the number of seller addresses hit new heights, totaling 98,744, setting a new record for sellers in a single month.
This surge in NFT transactions on the Bitcoin blockchain showcases the increasing popularity and acceptance of digital assets. Both buyers and sellers are engaging enthusiastically in the decentralized and lively NFT marketplace. These impressive figures signify robust activity within the crypto sphere, paving the way for continued advancements and creativity in the world of blockchain-based assets.
Expectations are high for the approval of the spot Bitcoin ETF by the U.S. SEC, potentially arriving this week. However, analysis of Bitcoin options data for January suggests weaknesses, with market analysts predicting limited upside potential for Bitcoin.
Historically, a strong performance by BTC in the last quarter of the year often leads to a correction in January. There’s a strong possibility that this historical trend might repeat itself this year.
Respected crypto analyst Ali Martinez sheds light on Bitcoin’s current status, stressing the significance of two crucial supply zones that could steer the cryptocurrency’s short-term path.
#Bitcoin is positioned between two critical supply walls:
🟢 Support Zone: Between $41,200 – $42,400, backed by 1.92 million addresses holding 723,500 $BTC.
🔴 Resistance Zone: Between $42,500 – $43,750, where 1.67 million addresses are sitting on 706,400 #BTC.A sustained… pic.twitter.com/PhnMIzYUIh
— Ali (@ali_charts) December 31, 2023
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
