Justin Bieber’s Bored Ape Valuation Drops 99% amid Structural NFT Market Rebalancing
A Bored Ape Yacht Club NFT purchased by Justin Bieber for $1.3 million in 2022 is currently valued at approximately $12,000.
A Bored Ape Yacht Club NFT purchased by Justin Bieber for $1.3 million in 2022 is currently valued at approximately $12,000.
The Coinbase Premium has dropped to its lowest level since late 2024, signaling weakening institutional demand for Bitcoin amid broader market stress and ETF outflows.
Bitwise said crypto markets showed characteristics of a potential bear market bottom in the fourth quarter, despite weak price performance.
BlackRock added nearly $900 million in Bitcoin in early January as onchain data showed long-term holder selling falling to its lowest level since 2017, signaling easing downside pressure.
Bitcoin-focused firm Twenty One Capital will list on the NYSE under ticker “XXI” following its SPAC merger.
American Bitcoin purchased 363 BTC in November, raising total holdings to 4,367 BTC as the market experienced a sharp mid-month decline.
Grayscale’s Chainlink ETF attracted $41 million in first-day inflows, signaling institutional interest, though it fell short of a major market impact.