Data: The cryptocurrency sector is experiencing a widespread decline, with the Layer 2 sector leading the drop by nearly 7%. BTC has fallen below $87,000

According to SoSoValue data, the cryptocurrency market has generally declined, with a 24-hour drop of about 2% to 7%. Among them, the Layer2 sector fell by 6.71%, with Zora (ZORA), Linea (LINEA), and Movement (MOVE) dropping 10.39%, 10.41%, and 13.61% respectively. In addition, Bitcoin (BTC) fell by 1.71%, dropping below $87,000; Ethereum (ETH) decreased by 4.27%, falling to around $2,800.

In other sectors, the PayFi sector dropped 3.27% in 24 hours, with Ultima (ULTIMA) down 11.88%; the CeFi sector fell by 3.68%, but Canton Network (CC) rose against the trend by 8.54%; the Layer1 sector decreased by 3.78%, with Zcash (ZEC) down 7.36%; the Meme sector fell by 4.65%, with MemeCore (M) and PIPPIN (PIPPIN) rising by 3.14% and 16.61% respectively; the DeFi sector dropped by 5.65%, with Hyperliquid (HYPE) down 7.91%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiDePIN, and ssiLayer2 indices fell by 8.39%, 7.14%, and 7.06% respectively.