NFT Market Cap Falls $1.2B as Ether Pullback Hits Top Collections

The NFT sector lost more than $1.2 billion in market value within a week as Ether prices cooled. According to NFT Price Floor, the market capitalization of NFT collections fell 12%, dropping from $9.3 billion to $8.1 billion. The correction followed Ether’s decline of nearly 9% after recently reaching a high of about $4,700.

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