Data: The crypto market rebounded briefly before falling again, with the AI sector leading the decline by more than 6%, and ETH falling below $3,800

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ChainCatcher reports that, according to SoSoValue data, the crypto market experienced a comprehensive pullback after a brief rebound, with widespread declines of approximately 2% to 6%. The AI sector led the decline at 24.75%, with Virtuals Protocol (VIRTUAL) dropping 15.01%, Worldcoin (WLD), and ai16z (AI16Z) falling 7.99% and 9.89% respectively. Additionally, Ethereum (ETH) declined 2.17%, breaking below $3,800. Bitcoin (BTC) dropped 0.99%, retreating to $117,000.

In other sectors, the CeFi sector fell 1.87% in 24 hours, with Binance Coin (BNB) declining 2.52%; the Layer1 sector dropped 3.20%, with Cardano (ADA) and Sui (SUI) falling 5.30% and 8.88% respectively; the PayFi sector declined 3.88%, with Stellar (XLM) and Telcoin (TEL) dropping 6.57% and 8.74%; the DeFi sector fell 5.20%, with PancakeSwap (CAKE) and Jupiter (JUP) declining 10.34% and 12.06%; the Layer2 sector dropped 5.41%, with Celestia (TIA) and Stacks (STX) falling 8.85% and 9.45%.

Furthermore, the RWA sector declined 5.80%, though Keeta (KTA) rose 8.45% against the trend; the Meme sector fell 5.98%, with Pump.fun (PUMP) and Mog Coin (MOG) dropping 12.13% and 13.09% respectively, and Fartcoin (FARTCOIN) declining 16.87%.

The crypto sector indices reflecting historical market performance showed that ssiAI, ssiGameFi, and ssiDePIN indices fell 7.22%, 6.15%, and 5.89% respectively in 24 hours.

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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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