Data: Cryptocurrency market fell across the board, with Layer2 leading the decline by over 7%, and ETH falling below $4,400

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According to ChainCatcher data from SoSoValue, all sectors of the crypto market fell, with the Layer 2 sector leading the way with a 7.60% 24-hour decline. Within the 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%, remaining above $120,000.

In other sectors, the PayFi sector fell 0.97% in 24 hours. Within the sector, Dash (DASH) rose sharply by 34.63% against the trend; the DeFi sector fell 2.25%, but MYX Finance (MYX) rose 6.58%; the Meme sector fell 2.47%, and Pump.fun (PUMP) fell 6.94%; the Layer1 sector fell 2.88%, and Zcash (ZEC) rose 31.61% against the trend; the CeFi sector fell 4.49%, and Binance Coin (BNB) fell 4.40%.

The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiLayer2, ssiCeFi, and ssiNFT indices fell by 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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