NFT Sales Decline Amidst Bitcoin’s Record-Breaking Surge

Despite a growing global crypto market, the non-fungible token (NFT) landscape is experiencing a slight downturn. Bitcoin (BTC), currently at new all-time highs exceeding $111,000 before retracing slightly, continues to attract investor attention. Meanwhile, Ethereum (ETH) has shown modest recovery, but total NFT sales have dropped. 2023 has seen an increase in crypto market participation due to Bitcoin’s rise and the emergence of new chains like Avalanche and Polygon.