According to SoSoValue data, the cryptocurrency market sectors experienced a broad decline. The NFT sector fell by 4.68% in 24 hours, with Pudgy Penguins (PENGU) dropping 4.46% and Audiera (BEAT) falling 14.38% within the sector. Meanwhile, Bitcoin (BTC) dropped 1.21% in 24 hours, falling below $74,000; Ethereum (ETH) fell 0.79%, briefly dipping below $2,000.
Only the DeFi sector bucked the trend, rising 0.35% in 24 hours. Within this sector, Hyperliquid (HYPE) rose 6.79%, and Dexe (DEXE) gained 5.53%.
For other sectors, the PayFi sector was flat in 24 hours, with Stellar (XLM) rising 13.35% within the sector; the Layer1 sector fell 0.80%, but Algorand (ALGO) increased by 7.72%; the Meme sector declined by 1.02%, with Pump.fun (PUMP) falling 5.06%; the Layer2 sector dropped 1.12%, with Stacks (STX) holding up relatively well, rising 1.84%; and the CeFi sector fell 1.25%, with OKB (OKB) seeing an intraday spike of 1.45%.
The crypto sector indices, which reflect historical sector performance, show that the ss iDeFi and ssiPayFi indices rose by 1.44% and 0.65% respectively, while the ssiAI index fell by 9.50%.