According to data from SoSoValue, as reported by Odaily Planet Daily on November 4th, all sectors of the cryptocurrency market declined, with general drops ranging from 2% to 10%. Bitcoin (BTC) fell 2.31% in the past 24 hours, briefly dipping to around $105,000 before recovering to $107,000. Ethereum (ETH) initially fell nearly 8%, but has since narrowed its losses to 4.94%, rebounding above $3,600. Furthermore, the SocialFi sector led the decline with a 10.10% drop, with Toncoin (TON) falling 10.67% within the sector.

In other sectors, the PayFi sector fell 5.55% in the last 24 hours, but Dash (DASH) bucked the trend and rose for the second consecutive day, gaining another 25.71%; the CeFi sector fell 6.54%, and Aster (ASTER) fell 20.72%; the Meme sector fell 6.92%, with MemeCore (M) and BUILDon (B) rising 1.01% and 3.93% respectively; the Layer 1 sector fell 7.06%, with Zcash (ZEC) bucking the trend and rising 7.09%; the DeFi sector fell 7.66%, with World Liberty Financial (WLFI) falling 12.51%; and the Layer 2 sector fell 8.48%, with Merlin Chain (MERL) remaining relatively strong, rising 1.13%.

The crypto sector indices, which reflect the historical performance of the sector, show that the ssiSocialFi, ssiLayer2, and ssiDePIN indices fell by 10.21%, 9.05%, and 9.00%, respectively.