Svmuu reported that according to SoSoValue data, the cryptocurrency market is experiencing a broad decline. Bitcoin (BTC) fell 1.19%, dropping below $77,000; Ethereum (ETH) fell 2.71%, falling below $2,200. Only the DeFi and SocialFi sectors were relatively resilient, rising 1.18% and 2.40% respectively in the past 24 hours. Within the DeFi sector, Block Street (BSB) surged 42.25%, and Hyperliquid (HYPE) rose 10.51%. Within 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%, although Zcash (ZEC) rallied 5.22% during the session. The Layer2 sector dropped 1.70%, with Optimism (OP) down 3.18%. The PayFi sector fell 1.78%, but Telcoin (TEL) bucked the trend with a 1.55% gain. The Meme sector fell 1.94%, yet "Binance Life" (역자 주: "币安人生" - 프로젝트명/토큰명으로 추정) rose 6.47% against the market. The AI sector dropped 7.91%, but Billions Network (BILL) defied the trend, surging 14.06%.
The crypto sector indices, which reflect historical sector performance, show that the ssiSocialFi and ssiDeFi indices rose by 3.26% and 2.49% respectively, while the ssiAI index fell by 7.91%.