Amidst a dip in NFT sales this year compared to the highs of summer 2021, brands like Casio and celebrities such as Caitlyn Jenner are demonstrating continued faith in the potential of digital collectibles. Statistics show that NFT transactions are significantly lower this year. In addition, once valuable NFTs are now being sold for much less than what they were purchased for a few years ago. For example, CryptoPunk #5822, which holds the record for the most expensive CryptoPunk sale, sold for 8,000 Ether in 2022, valued at around $23 million at the time. On August 19, the NFT was transferred to an anonymous crypto wallet for an undisclosed amount. However, this downward trend hasn’t deterred everyone from engaging with NFTs.
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Bitcoin (BTC) is trading slightly down by 0.5% at $59,039 on Tuesday, struggling to rebound from a 3.6% decline on Sunday. Continued outflows from US-listed Bitcoin Exchange Traded Funds (ETFs) on Monday and recent fund movements from the Mt. Gox wallet, as revealed by Arkham Intelligence data, add to the market's uncertainty. Additionally, bearish signs from on-chain data appear to be a drag on Bitcoin’s price prospects in the near-term, outweighing the move from mining company Marathon Digital Holdings (MARA), which has laid out plans to raise $250 million to acquire more Bitcoin.
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hi everyone
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