The crypto market continued its downward trend, with the meme sector leading the decline, falling by more than 5%, but BTC bucked the trend and rose.
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According to ME News, on February 9th (UTC+8), based on SoSoValue data, the cryptocurrency market continued its downward trend. The Meme sector fell 5.01% in the last 24 hours, with MemeCore (M), which had previously seen significant gains, falling 29.56%. However, BUILDon (B) and PIPPIN (PIPPIN) bucked the trend, rising 11.24% and 39.36% respectively. Meanwhile, Ethereum (ETH) fell 1.67%, remaining above $2,000. It's worth noting that Bitcoin (BTC) remained relatively strong, rising 1.13% and breaking through $70,000. In other sectors, the PayFi sector fell 0.82% in the last 24 hours, with Telcoin (TEL) rising 1.82% within the sector; the DeFi sector fell 0.85%, with Hyperliquid (HYPE) surging 3.26% intraday; the CeFi sector fell 0.94%, but Aster (ASTER) surged 8.19%; the Layer 1 sector fell 1.87%, with Kaspa (KAS) rising 6.03%; and Layer 2 fell 1.91%, with Stacks (STX) falling 3.20%. (Source: ME)
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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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