NFT Market Sees Steep Decline: Sales Drop 38%

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The non-fungible token (NFT) market experienced a significant downturn this past week, with total sales volume plummeting by 38.25% to $74.88 million. This sharp decline occurred even as market participation saw an increase in both buyers and sellers. The broader cryptocurrency market also faced headwinds, with Bitcoin experiencing a substantial 71% drop in sales.

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