Crypto markets over the weekend are only a touch softer from Friday, with Bitcoin at $21,260 on decent volumes of $28B. Ethereum is -3.4% to $1634 on $18.5B. Huobi’s stablecoin HUSD has regained its peg after a ‘minor’ liquidity crisis causes it to drop 10%. NFT/Metaverse names are weaker overall by an average of 15%, led by $APE and $STEPN.
NFT volumes sit at $17M, with EVM-based NFTs at $13M turnover and Solana-based NFTs posting $1.3M. BAYC is at the top with $1.6M in volumes and MAYC is in third place with $1.1M as the floor prices of both continue to fall. BAYC’s best offer is at 61.5 ETH while MAYC’s best offer is at 11.55 ETH on OpenSea — both seem to be reacting to BendDAO’s contagion risk of liquidations. Blue-Chip NFTs floor prices are softer across, about 5~10% as a reaction to ETH’s drop and lower NFT liquidity.
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