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Cryptocurrency
NFT market cap drops by $1.2B as Ether rally loses steam
NegativeCryptocurrency
The NFT market cap has decreased by 12%, now standing at $8.1 billion, as Ether's value declines. Notably, CryptoPunks and Bored Apes have seen a drop, while Pudgy Penguins have risen to second place.
Editor’s Note: This decline in the NFT market cap is significant as it reflects the overall volatility in the cryptocurrency space. The performance of major collections like CryptoPunks and Bored Apes can influence investor sentiment and market trends.

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