According to SoSoValue data, the cryptocurrency market experienced a broad decline. Bitcoin (BTC) fell 1.19%, dropping below $77,000; Ethereum (ETH) fell 2.71%, dropping below the $2,200 mark. Only the DeFi and SocialFi sectors showed relative strength, rising 1.18% and 2.40% over the past 24 hours respectively. Within the DeFi sector, Block Street (BSB) surged 42.25%, and Hyperliquid (HYPE) rose 10.51%. In the SocialFi sector, Toncoin (TON) increased by 4.12%.
All other sectors recorded declines: The CeFi sector fell 1.17% in the past 24 hours, with Binance Coin (BNB) dropping 1.07%; the Layer1 sector fell 1.46%, though Zcash (ZEC) saw an intraday spike of 5.22%; the Layer2 sector fell 1.70%, with Optimism (OP) declining 3.18%; the PayFi sector fell 1.78%, but Telcoin (TEL) managed a gain of 1.55%; the Meme sector fell 1.94%, while Binance Life bucked the trend by rising 6.47%; the AI sector fell 7.91%, yet Billions Network (BILL) surged counter-trend by 14.06%.
Crypto sector indices reflecting historical sector trends show that the ssiSocialFi and ssiDeFi indices rose by 3.26% and 2.49% respectively, while the ssiAI index declined by 7.91%.