NFT Market Surges 400% as Bitcoin Hits $122,000 All-Time High

Generated by AI AgentCoin World
Monday, Jul 14, 2025 3:10 am ET1min read

The non-fungible token (NFT) market witnessed a significant surge in activity, with daily sales volume increasing by 400%. This surge coincided with

reaching an all-time high (ATH) of $122,000. The NFT market saw a trading sales volume of $31 million in the past 24 hours, marking an 89% increase from the previous day. This surge in the NFT market was driven by a broader rally in the cryptocurrency market, which has been particularly bullish for Bitcoin.

Bitcoin, known for hosting popular NFT collections such as Ordinals, BRC-20, and

, led the NFT market with a trading sales volume of $11 million in the past 24 hours. This represents a 400% increase from the previous day, solidifying Bitcoin's position as the most-traded NFT blockchain network. , traditionally the go-to platform for NFTs due to its security and decentralization, followed closely with a trading sales volume of $11 million, an 88% increase from the previous day. However, Ethereum's dominance in the NFT market has been surpassed by Bitcoin.

Other notable blockchain networks in the NFT market include Polygon, Mythos Chain, and

. Polygon-based NFTs recorded a trading sales volume of $2.7 million, while Mythos Chain-based NFTs saw $2 million in sales. Solana closed the top five with nearly $1 million in trading sales volume. The surge in the NFT market aligns with the broader cryptocurrency market rally, which began on July 10, 2025. Bitcoin's price started at $111,000 and rapidly climbed to an ATH of $119,000 before reaching $122,000 at the time of publishing. This rally has led to significant gains for investors in digital assets, further fueling the NFT market's growth.

This surge in the NFT market, particularly the 400% increase in Bitcoin NFT sales, indicates a growing interest in digital assets and blockchain technology. The rally in the cryptocurrency market, with Bitcoin reaching new all-time highs, has likely contributed to this increased activity. As more investors turn to digital assets, the NFT market is poised for continued growth, with Bitcoin leading the way as the most-traded NFT blockchain network. The shift in dominance from Ethereum to Bitcoin in the NFT market highlights the evolving landscape of blockchain technology and the increasing popularity of Bitcoin-based NFTs.