The NFT market makes a modest comeback when Bitcoin reaches the $105K level

The NFT market has recorded a modest recovery, with sales volumes rising 1.95% to $106.2 million. This indicates stabilization after last week’s decline.

At the time of pressing, Bitcoin (BTC) prices have skyrocketed to the $105,000 level. At the same time, Ethereum (ETH) has not made any significant moves in the past seven days. Global crypto market capitalization went from $3.25 trillion last week to $3.28 trillion.

Market participation continues to increase, with NFT buyers increasing by 55.08% to 826,992, according to data from Cryptoslam. At the same time, NFT sellers rose 18.12% to 257,017. However, NFT transactions fell 24.94% to 1,651,758.

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Ethereum NFT sales fell 15%

Ethereum maintains its major position with sales of $30.3 million. However, this has decreased by 15.57% from the previous week. Ethereum’s wash trade also rose 11.33% to $1.8 million.

Immutable (IMX) surged to second place with sales of $106.4 million, with a growth of 123.21%.

Bitcoin ranked third at $15.1 million, up 17.81%. Mythos Chain ranked fourth in fourth, an increase of $14 million, up 3.26%. Polygon (POL) fell 7.72% to $13.9 million, dropping to fifth place.

The NFT market makes a modest comeback once Bitcoin reaches the $105,000 level -1

Source: Blockchain based on NFT sales volume (Cryptoslam)

Solana (Sol) closed the top six with $6.1 million, reaching 13.31%. Buyers are increasing across all major blockchains, with polygon leads increasing at a growth rate of 54.25%. Solana has made this to 34.99% and 33% with Bitcoin.

In the collection rankings, Polygon courtyards maintain their best position with sales of $12.5 million. However, in this collection, sellers have dropped significantly, down 77.08%.

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Guild of Guardian Heroes doubled with a growth of 108.92% to reach second place at $10.6 million. DMARKET ranked third at $8.9 million, up 6.11%. The Guild of Guardian Avatars came in fourth at $5 million, surged by 129.32%.

Bitcoin’s BRC-20 NFTS completed the top five for $4.8 million. This collection has increased across transactions (10.07%), buyers (4.74%) and sellers (2.96%).

Cryptopunks ranked sixth in sales of $3.5 million, down 22.23%. The collection experienced a decline in transactions (13.79%) and sellers (36.36%), but the number of buyers remained flat.

Here are some notable high value sales this week: