NFT volume sees yearly low in June, but first-time buyers remain consistent
Nansen's NFT analysis draws into focus the numbers behind the market's first bearish cycle. Blockchain analytics service Nansen has published its NFT Indexes Report for the second quarter of 2022, showing the market dynamics and quantitative performance of nonfungible tokens (NFTs) over the last three months. The report identifies and determines key factors contributing to the well-documented NFT bear market, including Ethereum-based volume and transactional metrics, as well as market capitalization, among others. Commencing with an analysis of NFT volume statistics on Ethereum measured....
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Bitcoin’s seven-day average trading volumes have continued to remain low, as the seven-day average trading volumes only reaching $3 billion. This comes on the heels of the digital asset seeing declining volatility in the market. The bitcoin trading market had seen a marked shift in trends as the average trading volumes remain at yearly lows. This trend follows the trend seen in trading volumes from last summer. Bitcoin volume had also remained low last summer, and this summer so far has followed the same trend. Bitcoin trading volumes had seen a small recovery after a dip in June....
Bitcoin continues to observe new yearly lows for volume as volatility also continues to decline further. Bitcoin Volume And Volatility At Yearly Lows As per an Arcane Research report, the 7-day average trading volume for BTC continues to hit yearly lows. This is the third consecutive week that the indicator has plunged down. The below […]
Data shows the Bitcoin trading volume on exchanges other than Binance has recently been near the yearly lows reached in April. Bitcoin Spot Trading Volume Is Much Lesser When Excluding Binance According to the latest weekly report from Arcane Research, while the daily total spot volume averaged to $8 billion during the last week, this […]
More buyers than sellers, consistent headline coverage, new announcements: these are just some of the reasons why, despite volatility introduced to the market by a recent Bitfinex hack, the Bitcoin price remains stalwart and should have no problem taking out previous highs within 1,000 days. Bitcoin has had a hectic year – there can be no doubt about that. But through the peaks and valleys a dedicated contingent has championed its benefits and, every day, curious people looked into Bitcoin for the first time to learn how it might benefit their life. Thus, despite hacks, gut-wrenching price....
Market strategist Michael Lee says that he sees bitcoin reaching new all-time highs. Lee was on Fox Business Monday in an interview to talk about his outlook on bitcoin. Lee is the founder of investment firm Michael Lee Strategy which offers wealth planning and investment management to clients. Michael Lee Strategy offers its services as an investment adviser representative through Compass Financial. Related Reading | Bitcoin Volume Continues To See Yearly Lows As Price Struggles To Recover The founder sees a good future ahead for bitcoin which he explains as a momentum asset....