Bitcoin NFT Market Soars 30% Amidst Crypto Rally, Leading to Record-Breaking Sales

The non-fungible token market has experienced a surge today, with trading volume exceeding $16 million. Within this rise, the Ethereum-based NFT collection saw a significant jump of 38%, reaching sales volumes of $4.8 million in the past 24 hours. Polygon and Bitcoin-based NFTs have also benefited from the positive sentiment, experiencing an increase of 19% and 38% respectively. This surge comes as Bitcoin (BTC) has hit a new all-time high, crossing the $111,000 mark for the first time ever. This rise in Bitcoin has further fueled activity in Bitcoin ordinal series. A closer look reveals that several popular collections are driving sales: 1. $?? BRC-20 NFT Collection: This collection, which utilizes the BRC-20 standard on the Bitcoin blockchain for token creation, has been the top selling NFT across the global Bitcoin NFT market. It has recorded trading sales volume of $1.3 million in the past 24 hours – a 117% increase from yesterday. 2. $BTC BRC-20 NFT Collection: The $BTC? BRC-20 NFT collection, another notable player, is second in the market and saw a 10% increase in sales volume within the past 24 hours to reach $520,993. 3. Taproot Wizards NFT Collection: Inspired by the “magic internet money” meme that emerged on Reddit in 2013, this collection of 2,108 unique JPEGs inscribed on Bitcoin using the Ordinals Protocol is today’s third-most-selling NFT collection. It has seen a trading volume increase of $182,570 in the past 24 hours. 4. $Qunix NFT Collection: The $Qunix NFT collection, featuring a limited edition of 4,812 ordinals on Bitcoin blockchain using BRC-20 protocol, is the fourth most popular in the market. Its sales have surged by 547% over the past day to reach $98,691. 5. Ordinal Maxi Biz NFT Collection: This collection featuring 5,141 Profile Picture (PFP) images inscribed on Bitcoin blockchain, has seen a trading volume of $90,027 in the past 24 hours – an increase of 121% from yesterday. 6. Related News: The growth of this market segment is reflected in recent news such as SEC Commissioner Hester Peirce stating that most NFTs are not securities, and the launch of new NFT accessories in the popular Axie Infinity game.