Data: The crypto market saw widespread declines, with BTC briefly falling below $84,000; only the SocialFi sector remained relatively resilient.

According to data from SoSoValue, the cryptocurrency market continued its downward trend, with Bitcoin (BTC) down 1.00% in the past 24 hours, briefly falling below $84,000 before recovering to above $86,000. Ethereum (ETH) fell 1.88%, breaking below $2,800. Meanwhile, the SocialFi sector remained relatively resilient, rising 0.83%, with Toncoin (TON) rising 0.67% within the sector. In other sectors, the CeFi sector fell 1.20% in the last 24 hours, but NEXO (NEXO) rose 4.25%; the Layer 1 sector fell 1.42%, with Internet Computer (ICP) surging 2.43% intraday; the AI sector fell 1.53%, but Fartcoin (FARTCOIN) bucked the trend, rising 9.74%; the DeFi sector fell 1.72%, with MYX Finance (MYX) rising 8.21% intraday; the Meme sector fell 1.90%, but PIPPIN (PIPPIN) surged 32.15%; the Layer 2 sector fell 2.69%, with Merlin Chain (MERL) rising 11.22%; PayFi fell 2.78%, and Safe (SAFE) rose 4.67%. The crypto sector indices reflecting historical sector performance show that the ssiLayer2, ssiPayFi, and ssiDeFi indices fell 3.44%, 2.61%, and 2.18%, respectively.