i have been watching closely the crypto market and I wanted to ask if the bull market that affects crypto also affects THE NFT markets.
Of course, it does. Is NFT a separate market from the crypto market? they're part of the market so they're also affected by bulls and bears.
most NFT Markets that I know have a close groups or secret groups where they instruct their owners and creators to increase the price of their NFTs. i have never seen where such is been done and I don't think that is how the crypto space works.
What determines the price of NFTS?
They really are the ones to dictate at what price they're going to sell their NFT artworks. So if they want to sell it cheaper, they can sell it at a cheap price.
If they want to sell it higher, they'll just set the price higher in the NFT marketplaces where their NFT arts are for sale.