The digital asset landscape faced extensive selling pressure as cryptocurrency markets registered broad declines across major sectors.
Non-fungible tokens (NFTs) suffered the steepest losses, plummeting over 7% amid turbulent trading conditions and waning investor interest in the digital collectibles market.
Ethereum (ETH) demonstrated notable resilience during the downturn, maintaining relative stability compared to other assets despite pervasive market softness. This relative strength highlights ETH’s distinctive position within the crypto ecosystem even during widespread pullbacks.
The downturn reflects heightened market volatility and shifting risk appetites among investors, though Ethereum’s performance suggests persistent confidence in the network’s long-term fundamentals.