The crypto market saw widespread declines, with BTC briefly falling below $84,000, except for the SocialFi sector, which remained relatively resilient.

According to data from SoSoValue, the cryptocurrency market continued its downward trend. Bitcoin (BTC) fell 1.00% in the past 24 hours, briefly dipping below $84,000, but has since recovered 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, which reflect historical market trends, show that the ssiLayer2, ssiPayFi, and ssiDeFi indices fell by 3.44%, 2.61%, and 2.18%, respectively.