Bitcoin NFT Sales Set New Record in December 2023, What Will Happen in January? – Btc News

[Kathleen]

Bitcoin NFT Sales Set New Record in December 2023, What Will Happen in January?



As Bitcoin price flirts around $42,500, the Bitcoin blockchain is witnessing strong network activity. Thanks to the surge in NFT sales occurring on the Bitcoin blockchain in 2023.

NFT Sales Increased on Bitcoin Blockchain


According to data from Cryptoslam, the month of December 2023 witnessed an unprecedented surge in Non-Fungible Token (NFT) sales on the Bitcoin blockchain, reaching a staggering total of $881,223,753.92. This staggering figure represents the highest single-month sales record for NFTs to date.


The report reveals notable milestones, with a record-breaking 111,713 receiving addresses participating in NFT transactions on the Bitcoin chain in December. Simultaneously, the number of seller addresses also reached a new height, reaching a total of 98,744, the highest number of sellers in a single month.

The increase in NFT sales on the Bitcoin blockchain highlights the growing popularity and adoption of digital assets, with both buyers and sellers actively participating in the decentralized and vibrant NFT market. These remarkable figures underscore the strong activity in the crypto space and pave the way for continued growth and innovation in the world of blockchain-based assets.

BTC Price Movement in January



Everyone is eagerly awaiting the US SEC’s spot Bitcoin ETF approval, and the approval could come this week. However, Bitcoin options data for January shows weakness and market analysts believe that the upside remains limited for Bitcoin.


Usually, strong BTC performance in the last quarter of the year is followed by a correction in January. There is a high probability that history will repeat itself this year.

History may be giving clues about what will happen next #Bitcoin!

In the last two examples there is a strong $BTC Following the performance in September, October, November and December, there was a decline in January. If this trend continues, prepare for a sudden increase in snow sales in January. pic.twitter.com/s3koso2lU7

— Ali (@ali_charts) December 31, 2023

Prominent crypto analyst Ali Martinez offers insight into Bitcoin’s current position, highlighting the importance of two critical supply zones that could shape the cryptocurrency’s near-term trajectory.

• Support Zone: Bitcoin is finding solid support in the $41,200 to $42,400 range, supported by a significant 1.92 million addresses that collectively hold 723,500 BTC.
• Resistance Zone: A significant hurdle lies between $42,500 and $43,750; 1.67 million addresses hold a significant 706,400 BTC, creating a formidable resistance zone.

Martínez suggests It is stated that a sustainable close beyond these critical limits will play a very important role in determining Bitcoin’s trend. If BTC price successfully breaks above the resistance zone, it could push the leading cryptocurrency towards the $47,600 level. Conversely, a drop below established support could trigger a correction and potentially lead BTC to retest the $38,600 level.




✓ Share:









Bhushan is a FinTech enthusiast and has a good ability to understand financial markets. His interest in economics and finance draws his attention to the emerging Blockchain Technology and Cryptocurrency markets. He is in a constant learning process and motivates himself by sharing the knowledge he has acquired. In her spare time, she reads thriller novels and sometimes explores her culinary skills.





The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.

#Bitcoin #NFT #Sales #Set #Record #December #Happen #January