How Bitcoin’s Price Could Positively Affect the NFT Market
CoinEdition
Published Jan 18, 2023 06:45AM ET
Updated Jan 18, 2023 07:00AM ET
How Bitcoin’s Price Could Positively Affect the NFT Market
- BTC is comfortably trading above the very important $20k psychological level.
- A positive performance for BTC could have a good effect on the NFT market.
- The NFT trade count and volume has increased in the past as the price of BTC increases.
The crypto market leader Bitcoin (BTC) is showing some signs of recovery as the crypto is once again comfortably trading above the very important $20k psychological level. According to the crypto market tracking website CoinMarketCap, BTC is currently trading hands at $21,263.89 after a 0.70% price increase over the last 24 hours. The crypto king was also able to reach a high of $21,438.66 and a low of $21,109.59 over the same time period.
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