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Christie’s NFT Sales Fell 96% in 2022

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Today’s Cryptocurrency Headline

Christie’s sold 87 NFTs in 2022 for a total of $5.9 million. In 2021, the art auction house sold over 100 NFTs worth more than $150 million — one of them being Beeple’s “Everydays: The First 5000 Days” NFT for $69.4 million. Christie’s NFT sales fell 96% between 2021 and 2022. Christie’s previously launched Christie’s Ventures aimed at supporting emerging technology and financial technology companies related to the art market. In September, Christie’s also launched the Ethereum-based NFT platform “Christie’s 3.0”.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is up 1.65% over the last 24 hours and rose to an intraday high of $17,061.06. The largest cryptocurrency attempted to break above the 20-day exponential moving average (EMA) ($16,985), but the price was unable to sustain above the level, indicating that the sentiment remains negative and traders are selling on rallies. If the price stays below the 20-day EMA for another few days, that could mean the bulls lose the short-term advantage and the price could remain stuck between $16,000 and $17,000 for a few more days.

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