Join the Trading Community: Learn & Earn with BingX.
Today’s Cryptocurrency Headline
Blockchain data analytics firm Nansen recently released its quarterly research report on NFTs, highlighting that the NFT industry has outperformed the cryptocurrency market year-to-date, with a market valuation expected to reach $80 billion by 2025. Furthermore, according to Nansen’s 2022 Quarterly NFT Report, the NFT market has outpaced the cryptocurrency market this year, with a year-to-date return of 103.7% for ETH and 82.1% for USD. Despite a drop in global markets across most asset classes at the end of February 2022, the NFT-500 index gained 5.9% in the first 30 days of March.
BingX’s Bitcoin Chart
According to Blockchain.com data, the average fee per bitcoin transaction fell from an all-time high of $62.78 in April 2021 to the lowest in two years at $1.04. At the same time, the Bitcoin network hash power remained at an all-time high of 248.11 EH/S. BTC has gained 1.46% and traded in a range of $38,536.51 to $41,116.73, indicating substantial volatility over the last 24 hours. So far, the largest cryptocurrency is holding above the psychological level at $40,000. The relative strength index (RSI) on the daily chart is rising from oversold levels, and the long tail on the candlestick indicates bulls are buying at lower levels.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.