The crypto market fell across the board, with the Layer 2 sector leading the decline by over 7%, and ETH falling below $4,400

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According to ChainCatcher, SoSoValue data shows that all sectors of the crypto market are generally down, with the Layer 2 sector leading the decline, down 7.6% over the past 24 hours. Within this sector, Mantle (MNT), which saw significant gains yesterday, fell 17.74%, while Zora (ZORA) bucked the trend with a 50.76% surge. Furthermore, Ethereum (ETH) fell 2.21%, falling below $4,400. Bitcoin (BTC) fell 0.69%, but remained above $120,000.

In other sectors, the PayFi sector fell 0.97% over the past 24 hours. Within the sector, Dash (DASH) bucked the trend and surged 34.63%. The DeFi sector fell 2.25%, but MYX Finance (MYX) rose 6.58%. The Meme sector fell 2.47%, while Pump.fun (PUMP) fell 6.94%. The Layer 1 sector fell 2.88%, while Zcash (ZEC) bucked the trend and rose 31.61%. The CeFi sector fell 4.49%, while Binance Coin (BNB) fell 4.4%. The Crypto Sector Index, which reflects historical sector performance, shows that the ssiLayer 2, ssiCeFi, and ssiNFT indices fell 8.81%, 4.57%, and 3.66%, respectively.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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