{"id":641935,"date":"2025-04-07T12:24:29","date_gmt":"2025-04-07T12:24:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=641935"},"modified":"2025-04-07T12:25:22","modified_gmt":"2025-04-07T12:25:22","slug":"nft-weekly-sales-plummet-amid-trumps-tariff-war-fears","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/nft-weekly-sales-plummet-amid-trumps-tariff-war-fears","title":{"rendered":"NFT Weekly Sales Plummet Amid Trump\u2019s Tariff War Fears"},"content":{"rendered":"

The global non-fungible token market has tanked again in trading sales volume this past week. In the past seven days, the NFT market has raised a trading sales volume of $86 million, down 12% from the previous week. The NFT market has plummeted alongside the broader crypto market, with the flagship crypto, Bitcoin (BTC), falling below $90,000 and Ethereum (ETH) dropping below $2,000.<\/p>\n

NFT Sales Tank +10% Amid Tariff Wars<\/h2>\n

The crypto community has linked the general crypto market turbulence with the ongoing tariff wars around the globe. Earlier this month, President Donald Trump announced a blanket 10% tariff on all goods entering the United States. He also added new duties on goods from 185 countries, which the president described as the “worst offenders” in terms of perceived unfairness in trade. The new tariff, slated to kick in on April 9, has fueled shockwaves through global stock markets.<\/p>\n

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Trump was supposed to be great for crypto traders,instead bitcoin is under 80k and the crypto market is down hundreds of billions because of Trump’s tariffs. Stocks are now trading at or lower than 2023 prices when rate hikes began. <\/p>\n

pic.twitter.com\/F3oJkkTXWZ<\/a><\/p>\n

— Joey Palimeno (@PalimenoForGAD1) April 7, 2025<\/a><\/p><\/blockquote>\n