Data: The cryptocurrency market is experiencing a widespread decline, with the Layer 2 sector leading the drop by over 7%, and ETH falling below $4400

ChainCatcher news indicates that, according to SoSoValue data, the encrypted market has generally declined. The Layer2 sector led the decline with a 7.60% drop in 24 hours. Within this sector, Mantle (MNT), which saw significant gains yesterday, fell by 17.74%, while Zora (ZORA) rose against the trend by 50.76%. Additionally, Ethereum (ETH) decreased by 2.21%, falling below the $4400 mark. Bitcoin (BTC) dropped by 0.69%, remaining above $120,000.

In other sectors, the PayFi sector fell by 0.97% in 24 hours, with Dash (DASH) rising significantly by 34.63% against the trend; the DeFi sector declined by 2.25%, but MYX Finance (MYX) increased by 6.58%; the Meme sector dropped by 2.47%, with Pump.fun (PUMP) falling by 6.94%; the Layer1 sector decreased by 2.88%, while Zcash (ZEC) rose by 31.61% against the trend; the CeFi sector fell by 4.49%, with Binance Coin (BNB) dropping by 4.40%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiLayer2, ssiCeFi, and ssiNFT indices fell by 8.81%, 4.57%, and 3.66%, respectively.