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ETHUSD Dives as NFT Market Cap Struggles Amid ETF Outflows and Liquidity Crunch

Beincrypto Read original source (opens in a new tab)
The Story

News Summary

  • Ethereum's 28% monthly decline is dragging down NFT floor prices, creating a 'denomination risk' where dollar-value losses significantly outpace ETH-denominated drops.
  • With low liquidity and institutional outflows from spot ETFs, the NFT sector remains dangerously dependent on Ethereum's price recovery.
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ETHUSD price history

2407.93 +22.54% over the displayed period

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