Crypto markets are softer again, as spot prices grind lower day by day this week. Bitcoin is now at $23,430, a -1.9% move on $30B of volumes. Ethereum is lower -2.4% to $1835, trading on a decent $17B turnover on the day. Rotation into meme coins continues with DOGE up close to 30% on the week. Little newsflow specifically for the space, outside of Genesis Trading letting go of 20% of their workforce and Celsius allowed to sell Bitcoin they’ve mined — and also their CEO Alex Mashinsky taking control of trading 3-months before declaring bankruptcy.
NFT volumes are $18M, with EVM-based NFTs at $14M and Solana-based NFTs at $1.1M. Yugalabs projects dominate the top 3, with BAYC+MAYC+Otherdeeds taking $5M of the volumes on the day after the BAYC Twitter account hit 1M followers. Doodles had a good volume day with $1M trading hands.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
NFT headlines on the day:
Please let us know your thoughts at [email protected]
Buy an NFT now and pay later → https://dapp.usecyan.com/