{"id":4264,"date":"2024-03-17T05:11:25","date_gmt":"2024-03-17T05:11:25","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=4264"},"modified":"2024-03-17T05:11:28","modified_gmt":"2024-03-17T05:11:28","slug":"bitcoin-nft-market-surges-outshining-price-dip","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/bitcoin-nft-market-surges-outshining-price-dip\/","title":{"rendered":"Bitcoin NFT Market Surges, Outshining Price Dip"},"content":{"rendered":"\n<p>Despite a recent drop in Bitcoin&#8217;s price to as low as $65,000, after hovering around its all-time high for most of the week, the cryptocurrency&#8217;s non-fungible token (NFT) market has captured significant attention. On Friday, Bitcoin&#8217;s NFT sales volume experienced a notable surge, positioning it as the leading blockchain for NFTs over the last 24 hours.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-remarkable-sales-increase\">A Remarkable Sales Increase<\/h2>\n\n\n\n<p>Bitcoin&#8217;s NFT market saw an impressive sales volume of over $22.2 million as of 1:40 p.m. ET, marking a 76.04% increase from the previous day&#8217;s sales of $12.6 million. This surge underscores the growing interest and activity in Bitcoin-based NFTs. Additionally, the number of NFT transactions on the Bitcoin blockchain rose by 19%, from 5,744 to 6,835 transactions, further highlighting the heightened activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-competition-among-blockchains\">Competition Among Blockchains<\/h2>\n\n\n\n<p>While Bitcoin took the lead in the NFT space, Ethereum and Solana followed as the second and third top blockchains, respectively. Ethereum&#8217;s NFT sales over the same period were over $14.8 million, experiencing a decrease of 15.72% from Thursday. Solana, on the other hand, saw sales of $8.7 million, a slight drop of 4.22%.<\/p>\n\n\n\n<p>Polygon, known for scaling Ethereum, also demonstrated significant progress in the NFT market. Ranking fourth, Polygon witnessed a 65.32% increase in sales, from $1.17 million to $1.94 million. However, it saw a minor reduction in transaction numbers, decreasing by 2.2% from 53,247 to 52,076 transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-s-growing-nft-market\">Bitcoin&#8217;s Growing NFT Market<\/h2>\n\n\n\n<p>Friday&#8217;s sales performance has contributed to Bitcoin&#8217;s NFT all-time sales volume reaching $2.8 billion, placing it fourth among all blockchains. This growth in the NFT market contrasts with the recent volatility in Bitcoin&#8217;s price, showcasing the expanding interest and investment in NFTs within the cryptocurrency space. As the NFT market continues to evolve, Bitcoin&#8217;s increasing dominance highlights its potential beyond just a digital currency, extending into the burgeoning world of digital assets and collectibles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a recent drop in Bitcoin&#8217;s price to as low as $65,000, after hovering around its all-time high for most of the week, the cryptocurrency&#8217;s non-fungible token (NFT) market has captured significant attention. On Friday, Bitcoin&#8217;s NFT sales volume experienced a notable surge, positioning it as the leading blockchain for NFTs over the last 24 [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":1501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,268],"tags":[],"class_list":{"0":"post-4264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-tech"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin NFT Market Surges, Outshining Price Dip<\/title>\n<meta name=\"description\" content=\"Despite a recent drop in Bitcoin&#039;s price to as low as $65,000, after hovering around its all-time high for most of the week, the cryptocurrency&#039;s\" 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