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As Bitcoin hovers around the $42,500 mark, activity on its blockchain is notably vibrant, fueled largely by a surge in NFT sales during 2023. The latest paints a striking picture of December 2023, witnessing an unparalleled surge in sales on the , amassing a staggering $881,223,753.92. This record-breaking figure stands as the highest monthly sales record for NFTs to date. The report highlights remarkable milestones: a record number of 111,713 buyer addresses actively participating in NFT transactions on the Bitcoin network during December. Simultaneously, the number of seller addresses hit new heights, totaling 98,744, setting a new record for sellers in a single month. This surge in NFT transactions on the Bitcoin blockchain showcases the increasing popularity and acceptance of digital assets. Both buyers and sellers are engaging enthusiastically in the decentralized and lively NFT marketplace. These impressive figures signify robust activity within the crypto sphere, paving the way for continued advancements and creativity in the world of blockchain-based assets. Expectations are high for the approval of the spot Bitcoin by the U.S. SEC, potentially arriving this week. However, analysis of Bitcoin options data for January suggests weaknesses, with market analysts predicting limited upside potential for Bitcoin. Historically, a strong performance by BTC in the last quarter of the year often leads to a correction in January. There’s a strong possibility that this historical trend might repeat itself this year. Respected crypto analyst Ali Martinez sheds light on Bitcoin’s current status, stressing the significance of two crucial supply zones that could steer the ’s short-term path.
Read more: coinspress
