The NFT market experienced a significant sell-off last Friday, losing approximately $1.2 billion in market value, but has since shown signs of recovery. The total NFT market cap dropped from $6.2 billion to $5 billion during the sell-off, before rebounding to around $5.4 billion by Sunday. This fluctuation underscores the close correlation between NFT prices and the broader cryptocurrency market. During the downturn, Ethereum-based projects such as Bored Ape Yacht Club and Pudgy Penguins saw declines of 10% and 21% respectively over the week, while CryptoPunks fell nearly 5% in the past month. Despite these pressures, some projects like Hyperliquid's Hypurr and Mutant Ape Yacht Club recorded slight gains, indicating selective buying activity. The broader crypto market also faced volatility, with Bitcoin briefly dropping to $102,000 amid geopolitical tensions, leading to $20 billion in liquidations. The total crypto market cap fell from $424 billion to $378 billion over the weekend, before rebounding to $4 trillion on Monday. Despite the turbulence, crypto exchange-traded products attracted $3.17 billion in inflows last week, reflecting sustained investor interest.