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Thursday, July 3, 2025

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

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.
How far are so-called “blue chip” NFT collections falling amid the crypto market downturn? The popular Bored Ape Yacht Club has seen its floor price—or the cost of the cheapest-available NFT listed on a secondary marketplace—drop to nearly $107,000, representing a 16% in the last day when measured in U.S. dollars, per data from NFT Price Floor.
The damage isn’t quite as bad when measured in ETH: the Bored Ape price floor has dropped almost 11% to about 74.5 ETH. Still, the project has lost a huge amount of value over the...



Read Full Story: https://decrypt.co/102802/nft-floor-prices-sink-amid-crypto-crash-but-overall...

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