Bitcoin NFT trading volume increased 26% today following the Bitcoin halving.

adminApril 20, 2024

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Trading sales of a collection of Bitcoin-based non-fungible tokens have surged following the successful Bitcoin halving event this morning. Transactional sales of Bitcoin-based NFTs surged to $21 million, up 26% from the previous day, according to on-chain market data aggregator CryptoSlam.io.

Sell Bitcoin NFTs

Bitcoin Halving Completed in 2024

Early this morning, Bitcoin successfully completed its fourth halving event after posting its 840,000th block. At this point, mining rewards are once again cut in half. Starting today, Bitcoin miners will receive 3.125 BTC per block mined, down from 6.25 BTC previously.

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

The last three Bitcoin halvings occurred in 2012, 2016, and 2020. Following the successful Bitcoin halving, the non-fungible token market showed some reaction, with many Bitcoin-based NFTs showing green candles. Listed below are some of the best-selling Bitcoin NFT collections.

Current best-selling NFT collections

$WZRD, a non-fungible token created on the Bitcoin network using the BRC-20 protocol, is the best-selling NFT collection today. In the last 24 hours, the $WZRD BRC-20 NFT collection recorded $6.9 million in transaction sales, a 145% increase from the previous day.

Most Selling NFTs

Source: cryptoslam.io, Top selling NFTs in the last 24 hours.

Bitcoin Ordinals, a collection of non-fungible tokens made up of various digital assets like Runestones, are the second best-selling NFT collection today. In the last 24 hours, Bitcoin Ordinal Collection’s transaction volume reached $5.4 million.

Bitcoin Wizards, another NFT collection created on the Bitcoin blockchain network, is the third best-selling NFT collection today. In the last 24 hours, the Bitcoin Wizards NFT collection recorded $2.6 million in transaction sales, a 427% jump from the previous day.

Lastly, $PUPS, a collection of non-fungible tokens created on the Bitcoin blockchain network using the BRC-20 protocol, is the fourth best-selling NFT collection today. In the last 24 hours, the $PUPS BRC-20 NFT collection recorded a trading volume of $1.8 million.