NFT market cap rises over 15% in a day as BAYC floor hits 10.88 ETH

The NFT sector posted a sharp rebound in the last 24 hours, with market capitalization up by more than 15% to $4.312 billion. Bored Ape Yacht Club (BAYC) topped a 10.88 ETH floor price and saw trading activity increase, alongside broader gains in several collections and marketplaces. Weekly sales count jumped from 6,360 to 10,371, even as weekly sales volume slipped 11.43% to about $16.80 million.