Bitcoin Retraces 17% in April; Bored Ape NFT Sale Pushes Ethereum Fees Higher – Outlook India

The highly anticipated online non-fungible token sale of a Bored Ape themed metaverse world called ‘Otherside’ was concluded by Yuga Labs On May 1, pushing Ethereum fees higher.

Bitcoin finished April with a retracement of 17 per cent, the month being the worst for the market leader yet in 2022.

“This has been the largest NFT mint in history by several multiples, and yet the gas used during the mint shows that demand far exceeded anyone’s wildest expectations.

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