It’s been a bearish last week, fueled by the hawkish Fed base 50 point surge, removing nearly $62 billion from the cryptocurrency market, according to data from Coingecko.

metaverse and NFTsRelated cryptocurrencies have not been an exception.

Niche-powering cryptocurrencies, including Flow (FLOW) and Apecoin (APE), have posted significant double-digit losses over the past week.

FLOW, the token that powers the Flow Blockchain, an NFT-focused blockchain network, has lost 22% of its value over the past week and posted a new monthly low of $0.74, according to data from Coingecko.

Contrary to its weekly bearish price action, FLOW-based NFT trading volume increased 27.27% to $1.185 million over the past week, according to data from CryptoSlam.

As of this writing, FLOW is up 2% in the last 24 hours and…