The post NFT sales drop 5.4% to $79m, Pudgy Penguins plunge 36% appeared on BitcoinEthereumNews.com. NFT sales volume has fallen by 5.41% to $79.31 million, down from last week’s $84.44 million. Summary NFT sales dropped 5.41% to $79.31M even as buyers jumped nearly 1,000% this week. Algebra Positions NFT-V2 surged to $7.81M in sales while Pudgy Penguins plunged 37%. Ethereum and BNB Chain led NFT blockchains as Bitcoin and Polygon volume declined. According to CryptoSlam data, NFT buyers have surged by 989.62% to 222,294 and sellers have surged by 714.77% to 189,963. NFT transactions dropped by 20.92% to 1,097,565. This NFT sales drop happened as the Bitcoin (BTC) price has tumbled to the $96,000 level as selling pressure continues to mount. Ethereum (ETH) has lost the $3,200 level, extending its recent decline. The global crypto market cap has contracted to $3.26 trillion, down from last week’s $3.48 trillion. Algebra Positions NFT-V2 surges as Pudgy Penguins tumble Algebra Positions NFT-V2 on Ethereum has spiked into first place with $7.81 million in sales, posting a 807,352.81% surge. The collection processed 742 transactions with 199 buyers and 90 sellers. DMarket on the Mythos blockchain slipped to second with $6.67 million, down 3.77% from last week’s $6.88 million. The collection recorded 241,552 transactions with 16,047 buyers and 13,590 sellers. Pudgy Penguins dropped to third place with $2.79 million, plunging 36.87% from last week’s $4.38 million. The Ethereum collection saw 144 transactions with 96 buyers and 93 sellers. Source: Top collections by NFT Sales Volume (CryptoSlam) Guild of Guardians Heroes on Immutable-Zk held fourth position at $2.37 million, down 6.19% from last week’s $2.48 million. The collection had 2,186 transactions. Courtyard on Polygon (POL) secured fifth place with $2.24 million, down 23.20% from last week’s $2.91 million. The collection processed 31,205 transactions. Panini America on the Panini blockchain surged into sixth with $2.23 million, up 393.51%. The collection recorded 27,115… The post NFT sales drop 5.4% to $79m, Pudgy Penguins plunge 36% appeared on BitcoinEthereumNews.com. NFT sales volume has fallen by 5.41% to $79.31 million, down from last week’s $84.44 million. Summary NFT sales dropped 5.41% to $79.31M even as buyers jumped nearly 1,000% this week. Algebra Positions NFT-V2 surged to $7.81M in sales while Pudgy Penguins plunged 37%. Ethereum and BNB Chain led NFT blockchains as Bitcoin and Polygon volume declined. According to CryptoSlam data, NFT buyers have surged by 989.62% to 222,294 and sellers have surged by 714.77% to 189,963. NFT transactions dropped by 20.92% to 1,097,565. This NFT sales drop happened as the Bitcoin (BTC) price has tumbled to the $96,000 level as selling pressure continues to mount. Ethereum (ETH) has lost the $3,200 level, extending its recent decline. The global crypto market cap has contracted to $3.26 trillion, down from last week’s $3.48 trillion. Algebra Positions NFT-V2 surges as Pudgy Penguins tumble Algebra Positions NFT-V2 on Ethereum has spiked into first place with $7.81 million in sales, posting a 807,352.81% surge. The collection processed 742 transactions with 199 buyers and 90 sellers. DMarket on the Mythos blockchain slipped to second with $6.67 million, down 3.77% from last week’s $6.88 million. The collection recorded 241,552 transactions with 16,047 buyers and 13,590 sellers. Pudgy Penguins dropped to third place with $2.79 million, plunging 36.87% from last week’s $4.38 million. The Ethereum collection saw 144 transactions with 96 buyers and 93 sellers. Source: Top collections by NFT Sales Volume (CryptoSlam) Guild of Guardians Heroes on Immutable-Zk held fourth position at $2.37 million, down 6.19% from last week’s $2.48 million. The collection had 2,186 transactions. Courtyard on Polygon (POL) secured fifth place with $2.24 million, down 23.20% from last week’s $2.91 million. The collection processed 31,205 transactions. Panini America on the Panini blockchain surged into sixth with $2.23 million, up 393.51%. The collection recorded 27,115…

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more