South Korea’s Kospi and Japan’s Nikkei posted losses. Meanwhile, most main stock indexes across Asia are mixed on Monday, with China’s Shanghai Composite Index and Hong Kong’s Hang Seng edging up. indexes also closed lower on regular session trading Friday and logged losses for the week. in Hong Kong, according to data from CNN. stock futures traded lower as of 11:40 a.m. The volume on the Ethereum blockchain edged up 1.39% to US$14.89 million, while Bitcoin volume jumped 87.65% to US$6.76 million. in Hong Kong, according to Cryptoslam data. Total NFT trading volume rose 10.37% to US$26.49 million as of 11:10 a.m. I expect prices to continue to bleed out until these collections find floors in the low few hundred dollar range,” Petscher said. “The sentiment in the NFT community is that likely won’t recover and that this is a dead cat bounce. However, all three are still down at least 25% for the month, according to data from CoinGecko. The floor prices of major Ethereum-based NFT collections Bored Ape Yacht Club (BAYC), Azuki and HV-MTL have all logged two-digit gains in the past seven days. This could potentially lead to more price stability for Ethereum NFT projects, he added. “Blur’s new trait offers are possibly taking pressure off of floor NFT farming,” said Petscher. This introduced a new “trait bidding” feature that allows traders to bid on specific NFT traits rather than collections and receive Blur reward points. The world’s leading NFT marketplace Blur launched its version 2 trading platform last Thursday. “Over the past few days the NFT market buyers and farmers have found some value in NFT collections that had hit all-time low floor prices,” said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. Forkast’s Ethereum, Polygon and Cardano NFT market indices also logged drops, while Solana’s index inched higher. in Hong Kong to 2,756.26, down 0.97% for the week. The main Forkast 500 NFT index fell 0.73% in the 24 hours to 10:00 a.m. They are managed by CryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The indexes are proxy measures of the performance of the global NFT market. The total cryptocurrency market cap was unchanged in the past 24 hours at US$1.18 trillion, while crypto trading volume dipped 0.22% to US$19.74 billion, according to CoinMarketCap data. Blockchain data tracker Santiment noted in a tweet on Sunday that addresses holding 10 to 10,000 Bitcoin had added a further 71,000 Bitcoin totalling approximately US$2.15 billion since July 17.įounded in 2018 and headquartered in Singapore, BingX said it provides services in over 100 countries and regions, with over 5 million users, according to the press release. Similar products have existed in Canada and Europe but received limited inflows, the report suggests.ĭespite this element of doubt creeping in, Bitcoin whales remain bullish on the token. While multiple Bitcoin ETF applications in the past month have stirred optimism in the crypto market, their approval may not prove as transformational as some Bitcoin advocates expect, claimed a JP Morgan report on Friday. The exception was Polygon’s Matic token, which gained 1.15% to US$0.6876. Most other top 10 non-stablecoin cryptocurrencies also logged losses in the past 24 hours. The world’s leading cryptocurrency traded in the lower US$30,000 range over the weekend.Įther edged 0.09% lower to US$1,862 and lost 3.71% for the week. in Hong Kong to post a weekly loss of 1.33%, according to data from CoinMarketCap. Cryptos fall as ETF hype coolsīitcoin dropped 0.32% over the last 24 hours to US$30,157 at 07:40 a.m. This is reducing some of the optimism surrounding ongoing Bitcoin ETF applications by major Wall Street names, including BlackRock. may not be the game changer that some expect. Meanwhile, a JPMorgan report claims that the recent flurry of Bitcoin exchange-traded fund (ETF) applications in the U.S. reduces appetite for risk across markets. Ether edged lower along with most other top 10 non-stablecoin cryptocurrencies, as anticipation of further interest rate hikes in the U.S. Bitcoin dipped in Monday morning trading in Asia but held above the US$30,000 support level.
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