The crypto market fell for the third consecutive day, with Layer 2 cryptocurrencies leading the decline, dropping more than 7%, and ETH briefly falling below $3,000.

According to data from SoSoValue, the crypto market has fallen for three consecutive days, with a general decline of about 2% to 7% in the past 24 hours. Among them, the Layer 2 sector fell by 7.13%, with Starknet (STRK) falling by 21.17% and SOON (SOON) falling by 30.60%, but Movement (MOVE) was relatively strong, rising by 2.70%.

Notably, Bitcoin (BTC) fell 3.08%, dropping below $92,000 and erasing its year-to-date gains. Ethereum (ETH) fell 2.93%, briefly dipping below $3,000.

In other sectors, the DeFi sector fell 2.07% in the last 24 hours, but Hyperliquid (HYPE) and Uniswap (UNI) remained relatively strong, rising 1.37% and 2.32% respectively; the CeFi sector fell 2.10%, with Binance Coin (BNB) falling 2.21%; the AI sector fell 2.34%, with KAITO (KAITO) bucking the trend and rising 15.03%; the Layer 1 sector fell 2.80%, with Internet Computer (ICP) surging 20.17% intraday; the PayFi sector fell 3.29%, but Velo (VELO) rose 15.47%; and the Meme sector fell 4.15%, with Giggle Fund (GIGGLE) rising 3.93%.

The crypto sector indices, which reflect historical market trends, show that the ssiLayer2, ssiDeFi, and ssiMeme indices fell by 7.73%, 5.82%, and 3.95%, respectively.