#BTCvsETH The non-fungible token market appears to be benefiting from the broader cryptocurrency market rally, with overall NFT market capitalization surpassing $6 billion. However, investors should remain cautious, analysts said.

The global NFT market cap has risen to $6.04 billion at the time of writing, up 16.9% in the past 24 hours and reaching its highest level since early February, according to CoinGecko data.

CryptoSlam data showed that the NFT sales volume across the global market surged 154% to reach $41.4 million in the past 24 hours.