Ethereum NFT Sales Are Inversely Correlated to Crypto Market: Nansen
A Nansen report indicates that NFTs could be a safe haven from volatile cryptocurrencies—so long as they’re denominated in Ethereum.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Ethereum Price Prediction: Is Tom Lee’s $25K ETH Target Too Ambitious?
Tom Lee’s $10,000 Ethereum price prediction implies a 1000% move from ETH’s current price at around $2,500. BitMine’s accumulation...
Crypto outperforms traditional assets over past three months: report
Crypto's recent outperformance may boost investor confidence, potentially influencing future market dynamics and Ethereum's long-t...
Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%
Ethereum open interest in Binance’s ETHUSDT futures contract was 2.27% higher in ETH on Thursday, Oct. 8, over the last 48 hours,...
Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high
US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued...
Dormant Ethereum address holding 12,746 ETH wakes up after 10.2 years
The reactivation of dormant Ethereum wallets highlights potential market shifts, as early holders may choose between selling or st...
STRK rallies as Starknet weighs a move from Ethereum layer 2 to its own layer 1
Starknet's potential shift to layer 1 could redefine blockchain security priorities, challenging Ethereum's timeline and reshaping...