Data: The cryptocurrency sector is experiencing a widespread decline, with the Layer 2 sector leading the drop by over 5%, and ETH falling below 3900 USD

ChainCatcher message indicates that, according to SoSoValue data, the entire encrypted market is experiencing a decline, with the Layer2 sector leading the drop at 5.15% over the past 24 hours. Within this sector, Starknet (STRK) and Mantle (MNT) fell by 7.01% and 9.22%, respectively, while Merlin Chain (MERL) rose against the trend by 4.89%.

In addition, Ethereum (ETH) dropped by 1.99%, falling below $3900. Bitcoin (BTC) decreased by 1.35%, dropping below $109,000.

In other sectors, the Layer1 sector fell by 1.52% over the past 24 hours, but Aptos (APT) remained relatively strong, rising by 3.02%; the PayFi sector declined by 1.64%, with Bitcoin Cash (BCH) slightly increasing by 1.2%; the Meme sector dropped by 1.82%, while MemeCore (M) rose by 4.55%; the DeFi sector decreased by 2.65%, with Ethena (ENA) peaking at 2.42% during the session; the CeFi sector fell by 2.67%, and Hyperliquid (HYPE) dropped by 6.15%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiLayer2, and ssiSocialFi indices fell by 5.72%, 5.42%, and 3.87%, respectively.