The crypto sector generally fell back, with the SocialFi sector leading the decline by more than 4%, and BTC fell below $108,000

Planet Daily News: On July 8th, according to SoSoValue data, the crypto market sector generally experienced a pullback after consecutive rises. The SocialFi sector dropped 4.02% in 24 hours, with Toncoin (TON) falling 4.21% and Chiliz (CHZ) declining 3.48%. Additionally, Bitcoin (BTC) dropped 1.40%, having briefly surpassed $109,000 during the day before retreating to $107,000. Ethereum (ETH) fell 1.69%, pulling back to around $2,500. In other sectors, the PayFi sector declined 0.86% in 24 hours, with Monero (XMR) and Telcoin (TEL) falling 3.01% and 3.32% respectively. The CeFi sector dropped 1.00%, with Hyperliquid (HYPE) falling 5.07%. The Layer1 sector decreased 1.66%, with Sui (SUI) and Avalanche (AVAX) declining 3.04% and 3.52% respectively. The DeFi sector fell 2.07%, with Aave (AAVE) and Ondo Finance (ONDO) dropping 3.05% and 3.20%. The Layer2 sector declined 2.58%, with Celestia (TIA) falling 5.28%. The meme sector dropped 3.44%, with SPX6900 (SPX) and Fartcoin (FARTCOIN) falling 8.32% and 8.63% respectively. The crypto sector index reflecting historical market trends showed that the ssiSocialFi, ssiNFT, and ssiAI indices fell 4.18%, 4.07%, and 3.91% in 24 hours.