What happened on the crypto market while everyone was asleep – a review from August 3

The FTX crypto exchange launches an NFT marketplace, members of the crypto community recorded a new maximum of the weekly trading volume on the NFT market, Ethereum mining turned out to be more profitable than Bitcoin mining in July – these and other news on the morning of August 3 are in our review.

Bitcoin (BTC) started Tuesday with a burst of growth followed by a correction. As of 06:24 GMT, the cryptocurrency is trading at $ 38,811.

Bitcoin price chart. Source: TradingView

See also: Bitcoin whales bought a record amount of cryptocurrency

The second largest cryptocurrency by capitalization – Ethereum – also started the day with a burst of growth, which turned into a correction. As of this writing, the coin is trading at $ 2,547.

Ethereum price chart. Source: TradingView

Read also: Social sentiment over ether hits two-month high

In the top 10 most capitalized cryptocurrencies, all coins showed negative movement dynamics in 24 hours. The largest losses per day were recorded in bitcoin (-2.40%). Within the week, all cryptocurrencies from the top 10, with the exception of the stablecoin USD Coin, showed positive dynamics of movement. The best result in 7 days was recorded by Polkadot (+ 32.93%).

Top 10 most capitalized cryptocurrencies. Source: CoinMarketCap

In the top 100 most capitalized cryptocurrencies, Voyager Token (+ 26.54%) recorded the best daily growth, and THORChain (+ 101.26%) over the week. Over the past 24 hours, Decred (-10.45%) has been losing more actively than others. The largest losses for the week were recorded at Theta Fuel (-3.85%).

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Breaking news on the morning of August 3

  • Crypto exchange FTX launches NFT marketplace targeting well-known sports brands and media companies. Writes about it Variety.
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Dolphin Entertainment helped develop the FTX NFT marketplace.

See also: Top 5 platforms where you can buy and sell NFT

  • Weekly trading volume NFT tokens exceeded $ 300 million for the first time. The Block.
A chart that reflects the trading volume of NFT tokens by week. Source: The Block

The indicator stopped at $ 339 million. Most of the trading volume ($ 207 million) fell on CryptoPunks. In second place was the Axie Infinity project.

  • Mining Ethereum bypasses bitcoin mining in terms of profitability for the third month in a row. Writes about it The Block.
Ethereum mining profitability by months. Source: The Block

In July 2021, Ethereum miners earned $ 1.03 billion.For comparison, members of the crypto community who mined bitcoin received $ 971.8 million over the past month.

We will remind, earlier the expert predicted the disappearance of anonymous cryptocurrencies by 2025.

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