Bitcoin Ordinals NFTs Trading Volume Drops 60% in 24 Hours

IconCrypto News Terminal23 Apr, 2024

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Bitcoin Ordinals NFTs Trading Volume Drops 60% in 24 Hours

Bitcoin Ordinals NFTs witnessed a steep decline in their floor price and trading volume within a 24-hour period. As of the 23rd, the floor price of both Inscriptions and Runestones dropped by approximately 60%, resting at 0.03 BTC (roughly $2,000). Runestones, an NFT series inscribed on the Bitcoin blockchain, have recorded a total trading volume exceeding 3,000 BTC (around $200 million). The number of distinct holder addresses for these NFTs stands at approximately 75,600. Previously on 22nd April 2024, the floor price of Bitcoin Ordinals Inscriptions and NFT Runestones had dropped by about 60% within the past 24 hours, reaching 0.03 BTC (approximately $2,000). Currently, Runestones' accumulative trading volume has exceeded 3,000 BTC (approximately $200 million), and the number of unique holder addresses is approximately 75,600.

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