Bitcoin-based NFT collections have registered substantial gains exceeding 20%, with leading projects driving a notable market upswing. Taproot Wizards emerged as the standout performer, posting a 30% daily increase alongside renewed trading activity.
Data indicates Taproot Wizards reached a floor price of 0.22 BTC with 24-hour trading volume hitting 8.663 BTC. Similarly, Node Monkeys observed a 28.2% price jump, attaining a floor price of 0.045 BTC and generating 1.973 BTC in trading volume over the same period.
Despite these gains, industry analysts highlight persistent challenges within the Bitcoin NFT ecosystem. The market continues to exhibit pronounced volatility and chronically low liquidity, prompting investor caution regarding rapid price movements and asset stability.