NFT sales volumes hit $85 million for the week ending Oct. 6, marking the highest sales week since August 25. Despite the overall market downturn, there was a surge in buyer activity, with more than 839,000 buyers—a 22% increase—and over 2 million transactions, a 71% jump from the previous week. Mythos Chain recorded the largest growth, surging over 6,000% to second place behind Ethereum with $15 million in sales. Polygon also saw gains, with sales increasing 210%. The Dmarket NFT collection led the week with $14 million in sales across 537,714 transactions. Although September saw $303 million in sales, the broader NFT market remains below its peak, with most collections struggling to stay active.

RWA Tokenization Sector Set for 50x Growth to $10 Trillion by 2030

The real-world asset (RWA) tokenization sector is projected to grow more than 50x by 2030, reaching a market size between $4 trillion and $30 trillion, with a median forecast of $10 trillion. The integration of traditional finance with blockchain is driving this growth, transforming how people invest and own assets. Currently, the sector is valued at $185 billion, with stablecoins dominating at $170 billion, followed by tokenized securities and treasuries at $2.2 billion. RWA tokenization offers faster, cheaper transactions without intermediaries, with potential to enhance decentralized finance (DeFi) and improve capital efficiency.

Bitcoin Surges Past $65K, Bulls Eye $71K Next Amid Market Optimism

Bitcoin’s price surged above $65,000 on October 14, continuing a recovery trend that began in September. A successful retest of a critical support zone near $63,500 indicates potential for further gains, with analysts predicting the next resistance around $71,165. Liquidation data shows that short traders were caught off guard, resulting in over $193 million in liquidations. Additionally, Bitcoin led institutional crypto inflows last week, totaling $406 million, further reinforcing demand. The price rally comes after a prolonged struggle with the 200-day simple moving average (SMA), which now acts as support.

📊 CRYPTO PRICES 💰

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