Press Release Today TheBitTimes.com

The non-fungible token market continues to record a sharp decline in trading sales volume and prices in recent months. The NFT art sector, which was leading the NFT craze earlier last year, has lost most ground after suffering a brutal comedown from mid-2022. The NFT surged to an all-time high in January 2022, with monthly trading sale volume reaching $4.8 billion. Unfortunately, the NFT sales have gone down more than 80%, dropping to just $732 million in April 2023. Let’s take a look at what happened. OpenSea NFT Trading Drops 96% Since 2022 Data market Analysis confirms that the NFT market has crashed alongside its key players in the market. OpenSea, one of the world’s largest digital market platforms for crypto assets and non-fungible tokens, is a perfect example, plummeting more than 96% in revenues since May 2022. OpenSea NFT Trading Sales Volume: DappRadar According to DappRadar, an on-chain data aggregator, the non-fungible token trading sales on the OpenSea NF...

Bitcoin monthly RSI provides a window of hope as BTC bulls battle multiple long-term resistance trend lines at once in February. Bitcoin (BTC) is leaving traders guessing as the future of the bull market depends on the last week of February. In multiple tweets on Feb. 17, popular trader and analyst Rekt Capital flagged crucial resistance battles ongoing on BTC/USD across multiple timeframes. Bitcoin price squares off with bear market downtrend Bitcoin hit new six-month highs this week as the latest innings of its 2023 recovery kept the bull-bear debate raging. After a consolidatory start to the month, February has turned out to be something of a reckoning point for Bitcoin price strength. Gains have been a lot harder to cement than in January, when BTC/USD finished up nearly 40%. For Rekt Capital, now is the time to pay attention — no matter whether trading daily, weekly or even monthly timeframes. The weekly chart perhaps represents the biggest struggle in the wake of the 2022 bear m...