The cryptocurrency market sector suffered a heavy blow, with ETH leading the decline at 11.71%, and BTC briefly falling below 78,000 USD

ChainCatcher message indicates that based on SoSoValue data, under the market panic triggered by "peer-to-peer tariffs," the cryptocurrency market has suffered a heavy blow, with a total market capitalization decrease of 8.18%. The cryptocurrency sector has generally seen a decline of about 4% to 12% over the past 24 hours, with Ethereum (ETH) dropping 11.71% in 24 hours, falling below the $1600 mark and erasing gains made over the past 18 months. Bitcoin (BTC) fell by 5.11%, briefly dropping below $78000 during trading.

In other sectors, the CeFi sector dropped 4.95% in 24 hours, with Hyperliquid (HYPE) down 9.30%; the Layer1 sector fell by 7.74%, with Solana (SOL) and Cardano (ADA) down 10.95% and 10.46% respectively; the Layer2 sector decreased by 8.92%, the PayFi sector fell by 9.75%, and XRP dropped by 10.04%; the DeFi sector declined by 10.27%, with Chainlink (LINK) and Uniswap (UNI) down 11.41% and 11.91% respectively; the Meme sector fell by 10.35%.

Additionally, the cryptocurrency sector indices reflecting historical performance show that ssiDeFi, ssiMeme, and ssiSocialFi fell by 11.26%, 10.49%, and 10.27% respectively in 24 hours.