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NFT Market: Trading Volume Reaches $31 Million in 24 Hours

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by Giorgi Kostiuk

4 hours ago

The non-fungible token (NFT) market has witnessed a substantial increase in trading activity, marked by an 89% rise in volume over the last day.

Surge in NFT Trading Volume

In the past 24 hours, the NFT market has amassed a trading volume of $31 million, representing an 89% increase over the previous day. This data is provided by the crypto market aggregator cryptoslam.io.

Bitcoin's Dominance in NFTs

Bitcoin is the most traded blockchain in the NFT market, with a trading volume of $11 million. Bitcoin NFT trading volume surged by 400% over the past day, allowing it to take a leading position in the market.

Overall Growth of the Crypto Market

The notable surge in the NFT market comes amid a broader rally in the crypto market, where Bitcoin hit a new all-time high, climbing from $111,000 to $122,000. This has resulted in significant gains for investors in digital assets.

The increase in trading volume in the NFT market and Bitcoin's new record highlight investor activity in a rising cryptocurrency market.

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