Amidst the Terra Luna crash, the crypto market has seen a huge sell-off. Non-fungible tokens (NFTs) have also faced the brunt of widespread selling pressure. NFT market capitalization rose on Saturday, however, sales volume declined.
According to data from CoinMarketCap, the NFT collection market capitalization is currently up 1.2% and stood at around $10.98 billion in the past 24 hours. However, in sales volume, it fell by more than 10% and stood at around $29.93 million.
Top NFTs are trading in green today. Flow is up over 2.4%, while Apcoin is up 6.7%, Decentraland MANA is up over 7%, Tezos is up over 9%, and Sandbox is currently up over 7.7%.
Since the beginning of May, the crypto markets have been on sale after Terra UST lost the peg and its sister token LUNA went to zero and eventually delisted on multiple exchanges.
Real-time data from CoinMarketCap shows that the global crypto market cap stands at $1.26 trillion, up 2.44% from the previous day. However, the total crypto market volume in the last 24 hours is $55.50 billion, a decrease of 26.80%. Furthermore, the total volume of DeFi is currently $5.89B, which is 10.61% of the total crypto market 24-hour volume.
Bitcoin jumped over 2% but was trading below the $30,000 mark. The coin was worth around $29,500.
Counterpart Ether also rose over 2%, however, erasing its $2,000-level. It is currently hovering around $1,978.