Data: The cryptocurrency market is experiencing a widespread decline, with BTC briefly falling below $84,000, while only the SocialFi sector remains relatively strong

According to SoSoValue data, the cryptocurrency market continues its downward trend, with Bitcoin (BTC) down 1.00% in the last 24 hours, briefly falling below $84,000, but has since narrowed its losses and risen above $86,000; Ethereum (ETH) is down 1.88%, falling below $2,800. Additionally, the SocialFi sector remains relatively strong, up 0.83%, with Toncoin (TON) increasing by 0.67%.

In other sectors, the CeFi sector is down 1.20% in the last 24 hours, but NEXO (NEXO) is up 4.25%; the Layer1 sector is down 1.42%, with Internet Computer (ICP) surging 2.43% during the day; the AI sector is down 1.53%, but Fartcoin (FARTCOIN) is up 9.74% against the trend; the DeFi sector is down 1.72%, with MYX Finance (MYX) rising 8.21% during the day; the Meme sector is down 1.90%, but PIPPIN (PIPPIN) has surged 32.15%; the Layer2 sector is down 2.69%, with Merlin Chain (MERL) up 11.22%; PayFi is down 2.78%, while Safe (SAFE) is up 4.67%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiLayer2, ssiPayFi, and ssiDeFi indices have decreased by 3.44%, 2.61%, and 2.18%, respectively.