As of this recording, the price of ETH is $2,423 and it was sitting around $4,000 30 days ago! I think that as the price of ETH goes down people start to panic and sell their sets assets including NFTs.
There is a direct link between NFTs and ETH so it's natural for the USD price of the NFT projects to go down. Looking at OpenSea for popular projects including:
we see that the prices (in terms of USD) look like they're going through a firesale! If there was ever a time to buy ETH to buy that one NFT you really wanted then this is the time to do it I think.
The price of ETH went down 26% in the past week so maybe that's why we're also seeing a lot of panic selling. So both the floor prices and the price of ETH are making these NFTs super attractive.
There are some cases where the floor price has been going up like DeadFellaz. Not sure why this is happening but this can be a cool topic to cover if it continues to go up during this carnage.