Bored Ape NFTs are finally making a comeback as crypto traders rediscover their appetite for risk

Burns Brief

BAYC floor prices have doubled in a month as traders rotate back into speculative crypto bets, reviving hopes of a broader NFT recovery Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.