The entire cryptocurrency market declined across the board in the last 24 hours, with most losing 2%–6%, and the CeFi group experiencing the sharpest drop of 6.05%.
SoSoValue data shows that the decline spread across many sectors, dragging Bitcoin and Ethereum down to psychological price levels at times before recovering during the session.
- The market fell 2%–6% in 24 hours; CeFi led the decline at 6.05%.
- BTC fell 4.97%, at one point dropping below $72,000; ETH fell 4.66%, at one point dropping below $2,100.
- Some Token moved in the opposite direction: WHITEWHALE +28.42%, RIVER +13.69%.
Price movements: BTC, ETH , and the CeFi group drag the market down.
In 24 hours, Bitcoin (BTC) fell 4.97% and at one point dropped below $72,000; Ethereum (ETH) fell 4.66% and at one point dropped below $2,100.
According to SoSoValue, the decline was widespread, with most assets in the cryptocurrency market falling 2%–6% on the day. The CeFi sector was the focal point, declining 6.05%, outperforming other sectors in terms of magnitude of weakness within the same timeframe.
Within CeFi, Binance Coin (BNB) fell 7.90% and Nexo (Nexo) dropped 8.11%, contributing to a deeper decline in the group index. This was the group with the sharpest declines in the report, coinciding with the correction of BTC and ETH below short-term round price levels.
Other sectors: widespread decline, but with some localized bright spots.
Several sectors continued to decline in the last 24 hours: DeFi -2.09%, Layer 2 -2.66%, Meme -2.97%, Layer 1 -5.73%, and PayFi -5.89%.
Despite a 2.09% decline in DeFi , some Token bucked the trend, including Hyperliquid (HYPE) (+2.72%) and River (RIVER) (+13.69%). At Layer 2, Zora (ZORA) performed relatively well, rising 2.89% even though the group as a whole declined 2.66%.
The Meme group decreased by 2.97%, but The White Whale (WHITEWHALE) increased by 28.42%. The Layer 1 group decreased by 5.73%, with Solana (SOL) down 6.76%. The PayFi group decreased by 5.89%, and XRP (XRP) decreased by 7.17%.
