The Non-Fungible Token (NFT) market is struggling as cryptocurrency prices fall sharply. The leading crypto asset, Bitcoin (BTC), has dropped to $84,423, and Ethereum (ETH) has also slipped to $1,942. This bearish downturn has caused the overall crypto market value to shrink to $2.73 trillion, down from $2.83 trillion last week. NFT sales have also taken a hit , falling to $109.2 million, a 7.84% decline. However, while sales are down, more people are joining the market. Buyers have jumped by almost 700%, and sellers have increased by over 400%. This means more activity is happening, even though the total money spent on NFTs is lower. NFT Sales Drop, But More People Are Buying Ethereum NFT sales dropped 11.28% to $32.7 million. Even so, the number of buyers has more than doubled, showing that interest in NFTs is still strong. Wash trading, where people trade NFTs to fake demand, has also decreased by almost 29%, which suggests that the market is becoming more genuine. Bitcoin NFTs performed better , rising 4.63% to $22.8 million, while other blockchain NFTs had mixed results. Mythos Chain stayed steady at $15 million, and Polygon (POL) grew slightly to $13.8 million. Solana struggled, with sales falling 43.44% to $10.1 million. Courtyard led Solana collections with $12.2 million in sales despite a 33% transaction drop. Top NFT Collections Saw Big Changes Several popular NFT collections also lost value while new ones are gaining attention. DMarket remained strong with $9.8 million in sales. BRC-20 NFTs struggled, dropping by 23.41% to $5.6 million. One of the biggest surprises was Quantum Cats, a new Bitcoin-based NFT collection, which surged by 349.19% to reach $3.9 million in sales. CryptoPunks lost 55.55% of its value and brought in only $3.1 million. The Paradise collection had an even worse week, crashing by 72.58%. Despite declining overall sales, some NFT collectibles still sold for high prices. Two Beeple NFTs were among the most expensive, selling for $464,480 and $441,000. Another NFT from Known Origin went for $390,000. CryptoPunks still had some big sales , with two collections selling for $251,307 and $246,449. What’s Next for NFTs? The Non-Fungible Token market is changing. Even though sales are decreasing, more people still buy and sell digital collectibles. This shows that people are still interested but spending less money. The future of NFTs will depend on the future actions of both Bitcoin and Ethereum. If their prices keep dropping, NFT sales might fall even more. However, the growing number of buyers and sellers could help NFTs recover if the crypto market becomes stable. The post NFT Market Struggles as Crypto Prices Plummet appeared first on TheCoinrise.com .