Data: The cryptocurrency sector fell across the board, with BTC dropping below $108,000 and ETH briefly declining nearly 8%

According to SoSoValue data, all sectors of the cryptocurrency market have declined, with a general drop of about 2% to 10%. Among them, Bitcoin (BTC) fell 2.31% in 24 hours, briefly dropping to around $105,000, and has now rebounded to $107,000.

Ethereum (ETH) once dropped nearly 8%, but the decline has narrowed to 4.94%, rebounding above $3,600. In addition, the SocialFi sector led the decline with a drop of 10.1%, within which Toncoin (TON) fell 10.67%. In other sectors, the PayFi sector dropped 5.55% in 24 hours, but Dash (DASH) has risen against the trend for two consecutive days, increasing by 25.71%; the CeFi sector fell 6.54%, with Aster (ASTER) down 20.72%; the Meme sector declined 6.92%, among which MemeCore (M) and BUILDon (B) rose by 1.01% and 3.93%, respectively; the Layer1 sector dropped 7.06%, while Zcash (ZEC) rose 7.09% against the trend; the DeFi sector fell 7.66%, with World Liberty Financial (WLFI) down 12.51%; the Layer2 sector decreased by 8.48%, while Merlin Chain (MERL) remained relatively strong, rising by 1.13%. The cryptocurrency sector index reflecting historical market performance shows that the ssiSocialFi, ssiLayer2, and ssiDePIN indices fell by 10.21%, 9.05%, and 9%, respectively.