The cryptocurrency market corrected in the last 24 hours, with only DePIN, AI, and SocialFi maintaining positive gains; SocialFi saw the strongest increase of 2.14%.
SoSoValue data shows that most sectors declined, while some Token in the DePIN, AI, and SocialFi sectors continued to rise. Bitcoin and Ethereum both fell by more than 3% but recovered after touching lower price levels during the day.
- DePIN +0.01%, AI +0.06%, SocialFi +2.14% in 24 hours.
- BTC fell 3.10% (at one point below $73,000) then recovered above $76,000; ETH fell 3.72% (touched $2,100) then neared $2,300.
- Many sectors declined; some bright spots: ATOM +5.49%, MORPHO +5.01%, Binance Life +13.58%.
Price movements: BTC and ETH dropped sharply then recovered.
Bitcoin fell 3.10% and Ethereum dropped 3.72% in 24 hours, but both bounced back after hitting their intraday Dip .
BTC briefly fell below $73,000 before recovering to above $76,000. ETH touched $2,100 before rebounding and approaching $2,300. This development reflects a general market correction, while money continues to flow into more defensive sectors.
Sector: SocialFi leads; most sectors decline.
Only three sectors maintained gains: DePIN (+0.01%), AI (+0.06%), and SocialFi (+2.14%); the rest mostly declined.
In DePIN, Arweave (AR) rose 2.40%. In AI, Virtuals Protocol (VIRTUAL) increased 1.33% and Worldcoin (WLD) gained 2.03%. In SocialFi, Toncoin (TON) surged 2.80%, standing out amidst a weakening market.
Other sectors: Layer 1 down 2.12% (Solana (SOL) -5.00% but Cosmos Hub (ATOM) +5.49%); Meme down 0.38% (Binance Life +13.58%); PayFi down 0.96% (Trust Wallet (TWT) +4.20%); Layer 2 down 1.56% (Polygon (POL) -3.74%); CeFi down 1.70% (OKB -2.11%); DeFi down 1.93% (Morpho Token (MORPHO) +5.01%).
Industry indices reflecting historical performance also recorded similar trends: ssiSocialFi increased 2.56%, ssiDePIN increased 0.68%, and ssiAI increased 0.42%.
