ETH Gas Dominance Suggests Continued Interest in NFT; Miami to Roll Out NFT Collection
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The rally in the broader crypto market gained more traction, with traders paring bets on rate hikes amid a pessimistic economic print. Despite the reveal of more sobering data pointing to a looming recession, major digital assets climbed for a third consecutive day, with BTC breaking above the realized price for the second time in two weeks and ETH raging toward the $1,800 handle. As of the time of writing, BTC is consolidating above the $23.5k mark after posting a 2.4% gain in the last 24 hours. A short-term contracting triangle with resistance near $24k is taking shape on BTC's hourly chart. A clear break above this level could likely inspire stronger bullish sentiment to charge towards the $25k level.