Trading Sales Volume For Bitcoin NFTs Jump 26% Today After Bitcoin Halving

Updated: 20 April 2024

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The trading sales volume for the Bitcoin-based non-fungible token collection has sharply surged following the successful Bitcoin halving event earlier today, among other factors. According to CryptoSlam.io, an on-chain market data aggregator, the trading sales volume for the Bitcoin-based NFTs has jumped to $21 million, representing a 26% surge from the previous day.

Bitcoin Halving 2024 Now Complete

Earlier this morning, Bitcoin successfully completed its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again. From today onwards, Bitcoin miners will receive 3.125 BTC per mined block, down from the previous 6.25 BTC.

The highly anticipated event had the crypto and NFT community eagerly awaiting what’s next for Bitcoin’s price, with some predictions reaching as high as $250,000. Since the crypto and NFT markets have a mother-to-child relationship, the NFT market is also projected to rise after halving.

The last three Bitcoin halvings occurred in 2012, 2016, and 2020. Following the successful Bitcoin halving, the non-fungible token market has reacted slightly, with many Bitcoin-based NFTs showcasing green candles. Below, we have listed some of the top-selling Bitcoin NFT collections.

Top Selling NFT Collections Today

$WZRD, a non-fungible token created on the Bitcoin network using the BRC-20 protocol, is today’s most-selling NFT collection. In the past 24 hours, the $WZRD BRC-20 NFT collection has recorded a trading sales volume of $6.9 million, representing a 145% rise from the previous day.

Source: cryptoslam.io, top-selling NFTs in the past 24 hours.

Bitcoin Ordinals, a non-fungible token collection comprising assorted digital assets like Runestones, is today’s second most-selling NFT collection. In the past 24 hours, the Bitcoin Ordinal collection has amassed a trading sales volume of $5.4 million.

Bitcoin Wizards, another NFT collection created on the Bitcoin blockchain network, is today’s third most-selling NFT collection. In the past 24 hours, the Bitcoin Wizards NFT collection has recorded a trading sales volume of $2.6 million, representing a 427% surge from the previous day.

Lastly, $PUPS, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is today’s fourth most-selling NFT collection. In the past 24 hours, the $PUPS BRC-20 NFT collection has attracted a trading sales volume of $1.8 million.