NFT Sales Slide 38% as Crypto Market Weakness Deepens
The NFT market recorded $74.88 million in sales volume over the past week, plunging 38.25% from the previous period.
Summary
- NFT weekly sales plunged 38% to $74.88M even as market participation rose.
- Ethereum led NFTs with $46.9M in sales despite a sharp weekly decline.
- Bitcoin NFTs collapsed 71% as broader crypto prices slid lower.
NFT buyers climbed 29.75% to 242,824, while sellers jumped 32.02% to 217,181. Transaction volume increased 8.29% to 726,723.
At the same time, Bitcoin (BTC) has plummeted to the $83,000 level, while Ethereum (ETH) has fallen below the $2,700 mark. The global crypto market cap now stands at $2.83 trillion, down from last week’s $3.02…
