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NFT Market Cap Returns to Pre-Hype Levels Near $1.5B – #CryptoUpdatesGNIT
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NFT Market Cap Returns to Pre-Hype Levels Near $1.5B – #CryptoUpdatesGNIT
The global non-fungible token (NFT) sector fell below $1.5 billion in total market capitalization, returning to levels last seen before the sector’s rapid expansion in 2021. The retracement unfolded alongside a broader crypto market downturn over the past two weeks, CoinGecko data shows. On Jan. 23, total crypto market capitalization stood at about $3.1 trillion, before falling to $2.2 trillion on Friday. Major assets like Bitcoin (BTC) slid fr…
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