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[NFT Market Decline Amid Crypto Weakness: Sales Drop but Buyer Activity Soars]
The NFT market is seeing a decline alongside weak crypto performance, with Bitcoin at $83,000 and Ethereum at $1,900.
The overall crypto market cap dropped to $2.73 trillion, down from $2.83 trillion last week. NFT sales fell 7.84% to $109.2 million, but buyer and seller activity surged dramatically. Buyers increased by 697%, and sellers rose by 419%. Ethereum sales dropped 11.28%, while Bitcoin sales grew by 4.63%. Notable collection changes include Courtyard leading with $12.2 million, and Quantum Cats, a new Bitcoin collection, skyrocketing to fourth place. Top sales included Beeple’s Special Edition #100020001, fetching $464,480. Despite the drop in volume, participation in the market remains strong. 4 replies
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