Justin Bieber's $1.3 Million Bored Ape NFT Has ‘Negative' Value, Says Adam Back

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Adam Back said Justin Bieber’s Bored Ape NFT, bought for roughly $1.3 million, now has “negative” value, underscoring the sharp collapse in speculative NFT demand. Separately, Bitcoin cooled after its rally as macroeconomic uncertainty pressured risk assets. Together, the reports point to waning appetite for high-risk digital assets, with Bitcoin’s near-term performance remaining sensitive to broader market conditions.

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