#Ethereum Dominates #NFT Market with 60% Share, #Bitcoin NFT Sales Capture 17% of Weekly Sales Volume, according to Cryptoslam.

The NFT sales for this week saw a 39.35% growth from last week, amounting to $202.22 million in global sales.

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#Bitcoin miner fees stay elevated, boosting daily revenue to $1.8M, accordingt to #cryptoslate.

Uncovering the impact of Ordinals and BRC-20 tokens on Bitcoin miner fees and revenue growth.

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Over the last month there has been a significant increase in the number of #Bitcoin ATMs around the world.

There are currently more than 35,000 in operation, according to the most recent Coin ATM Radar records.

In total, the number of ATMs is 35,069 , an amount that reflects a new peak after being below 34,000 since last March.

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🤑 #Ethereum is getting a large amount of profit taking transactions after a mild +5% price jump the past week.

Typically, we want to see a lot of traders #hodling, and if this ratio comes down to earth, it would be a signal $ETH is on its way to $2,000.

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From: rubikkav.nft

ANALYSIS: Top 10 #NFT marketplaces by volume in May 📊.

1. #Blur - $446M
2. #OpenSea - $186M
3. #ImmutableX - $ 28 million.

OpenSea is losing its market dominance.

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From: rubikkav.nft

The percentage of gas consumed by #DeFi protocols has dropped from 34% in 2020 to between 8% and 16% presently, with nonfungible tokens (#NFTs) commanding the maximum share of 25–30%, according to a recent report from #Glassnode.

Glassnode’s supply-weighted price index for D...

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Monthly parameters suggest that #Bitcoin #BTCUSD could touch $22,942.81.

Price is being forced into a weekly correction that has led to volume loss, #volatility and low sentiment.

However, for the upward trend to continue it is necessary to break the resistance of $27724.91, which was rejected a few days ago.

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Despite a decline in #NFT trading activity on #Blur and other #Ethereum NFT markets over the past month, Blur's lending platform experienced significant growth.

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From April into mid-May, the 7-day moving average of transactions on the #bitcoin #network literally soared to new heights as Ordinals and BRC-20 tokens drummed up network activity, and consequently the average transaction fee.

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#Bitcoin 180D volatility hits a multi-year low.

According to Kaiko, #BTC and #ETH's long-term #volatility, which has been steadily declining since Nov 2022, just hit its lowest level in more than two years.

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Digital asset investment products saw outflows totaling $62m, marking the 7th consecutive week of outflows that now totals $329m. Source: https://buff.ly/45Kg5Qv

According to #CryptoSlate, #crypto #market saw $298.51 million liquidated in the past 24 hours, with more than 110,000 traders affected.

Data from #Coinglass showed that long traders lost $275.31 million, with Bitcoin and Ethereum accounting for $130.46 million of these losses.

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Average gas fee on the #Ethereum #network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot activities.

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🐳 As more and more #Ethereum has been moving into #selfcustody & #DeFi #options, many of these coins have been absorbed by the largest whale addresses on the network.

The 10 largest non-exchange addresses now hold an #AllTimeHigh 31.8M $ETH worth $59.47B.

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#Dominance of #Bitcoin supply has seen a dramatic shift over the last two years, according to #glassnode. US entities are now holding 11% less #BTC than they were in June 2022, whilst investors active during Asian trading hours have picked up 9.9%. Source: https://buff.ly/3OT6kcD

#FederalReserve’s actions, specifically its interest rate decisions, serve as an external catalyst that influences #BTC #Bitcoin’s price movements, as noted by Swissblock. More: https://buff.ly/3qjcR6c

Despite a drop in #volatility, #BTC's risk-adjusted returns are now less than #Nasdaq's.

BTC outperformed in risk adjusted terms in the first four months of the year, but it has recently fallen behind tech stocks.

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According to #GrandViewResearch, #DEFI Global Decentralized Finance Market was valued at USD 13.61 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 46.0% from 2023 to 2030.

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#Bitcoin triggered the alarms by breaking the weekly support of $26436.81 (MA200W1), together with the value of the EMA50 at exactly $25874.66.

Read The Complete Article: https://buff.ly/42qwy9u

#Ripple #XRP open interest has steadily increased in May, hovering around yearly highs of over $500 million.

XRP prices have also regained some ground, suggesting that the token is gaining momentum ahead of the long-awaited court decision in the legal dispute between XRP's issuer Ripple and the U.S. SEC.

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The market cap of #crypto projects directly developing #AI models on blockchain, applying AI to decentralized applications or solving for AI-related issues is still fairly low at only 0.07% of the total across all tokens. Source