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$ETH Trading Around 3,900 Level
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$BTC Trading Around $110,000 Level
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From Bitcoin's Unbreakable Vault to Ethereum's Electric Dreamscape: Hemi VM's Magical Fusion
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đĸBREAKINGđ¨ NFT Market Rebounds After $1.2B Wipeout in Fridayâs Crypto Crash: The NFT market has shown signs of resilience following a significant downturn that saw approximately $1.2 billion wiped off its market capitalization during the crypto crash on Friday. Data from CoinGecko indicates that the NFT sector's overall valuation plummeted from $6.2 billion on Friday to $5 billion on Saturday, erasing nearly 20% of its value. However, the market has experienced a rapid recovery, with valuations reaching $5.5 billion on Sunday and stabilizing at nearly $5.4 billion at the time of reporting. This rebound highlights the NFT sector's sensitivity to broader cryptocurrency market fluctuations. The sell-off was triggered by a sharp decline in Bitcoin's price, which fell to $102,000 after U.S. President Donald Trump announced a 100% tariff on China, leading to a broader market correction. Despite the overall market recovery, many top Ethereum-based NFT collections, such as Bored Ape Yacht Club (BAYC), Pudgy Penguins, and CryptoPunks, remain in the red. These collections have experienced declines of over 10% over the past week, reflecting the broader market's volatility. However, some newer collections, like Hyperliquidâs Hypurr NFTs and Mutant Ape Yacht Club (MAYC), have shown slight gains, suggesting selective interest from buyers. The recent downturn and subsequent rebound underscore the NFT market's volatility and its close correlation with the broader cryptocurrency market. Investors and collectors should remain vigilant and consider market trends and external factors that may influence NFT valuations.
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Threads of Liquidity: Polygon's AggLayer â Weaving a Tapestry of Seamless Chains in the Web3 Waltz
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