Crypto markets fell across the board, with Layer 2 crypto leading the decline at nearly 8%, and BTC dropping below $88,000.

According to Odaily Planet Daily on December 1st, data from SoSoValue shows that the cryptocurrency market experienced a general decline, with 24-hour drops typically ranging from 3% to 8%. Layer 2 cryptocurrencies led the decline at 7.72%, with Starknet (STRK) falling 13.13% and zkSync (ZK) dropping 10.99%. Additionally, Bitcoin (BTC) fell 3.91%, breaking below $88,000, and Ethereum (ETH) fell 5.17%, breaking below $2,900.

In other sectors, the CeFi sector fell 3.90% in the last 24 hours, with HashKey Platform Token (HSK) showing relative resilience, rising 1.35%. HSK has reportedly passed the Hong Kong Stock Exchange's listing hearing and plans to IPO in Hong Kong. The PayFi sector fell 4.85%, but Monero (XMR) rose 3.55%. The Layer 1 sector fell 5.31%, with Zcash (ZEC) falling 17.38%. The Meme sector fell 5.44%, with MemeCore (M) bucking the trend and rising 7.15%. The DeFi sector fell 6.40%, with MYX Finance (MYX) surging 8.21% intraday. The AI sector fell 6.84%, but SoSoValue (SOSO) rose 8.43%.

The crypto sector indices, which reflect the historical performance of the sector, show that the ssiAI, ssiDePIN, and ssiGameFi indices fell by 8.23%, 8.22%, and 7.67%, respectively.