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NFT Floor Prices Sink Amid Crypto Crash, But Overall Sales On | NFT QE

NFT Floor Prices Sink Amid Crypto Crash, But Overall Sales On the Rise

The cryptocurrency market is down today—way down—with a 14% drop in overall value over the past 24 hours, including a 16% loss for Bitcoin and an 18% loss for Ethereum. NFT collections are also feeling the hurt of the battered crypto market, due in part to the falling ETH price. But surprisingly, NFT trading volume has actually risen sharply over the past 24 hours, up 54% over the previous period—suggesting that collectors may be taking advantage of lower prices.

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