BAYC, whose average sales price dropped 29% over the past week, and other bluechip NFT collections, have been hit harder than bitcoin amid the crypto rout (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg:BAYC, whose average sales price dropped 29% over the past week, and other bluechip NFT collections, have been hit harder than bitcoin amid the crypto rout  —  Blue-chip NFT collections like Bored Ape Yacht Club, which for a while outperformed the rest of the crypto market …

BAYC, whose average sales price dropped 29% over the past week, and other bluechip NFT collections, have been hit harder than bitcoin amid the crypto rout (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg:
BAYC, whose average sales price dropped 29% over the past week, and other bluechip NFT collections, have been hit harder than bitcoin amid the crypto rout  —  Blue-chip NFT collections like Bored Ape Yacht Club, which for a while outperformed the rest of the crypto market …