The crypto market experienced a general correction, with the NFT sector leading the decline, falling by over 9%, and BTC dropping below $88,000.

According to data from SoSoValue, the cryptocurrency market as a whole is experiencing a continued correction, with most stocks falling between 2% and 9% in the past 24 hours. Specifically, the NFT sector fell 9.46%, with Pudgy Penguins (PENGU) dropping 4.66%. Audiera (BEAT), which had previously seen significant gains, experienced a correction, falling 41.28%, while APENFT (NFT) still rose 3.66%. Additionally, Bitcoin (BTC) fell 1.12%, dropping below $88,000; Ethereum (ETH) fell 2.01%, remaining around $3,000.

In other sectors, the PayFi sector fell 1.64% in the last 24 hours, with Telcoin (TEL) rising 2.23% within the sector; the AI sector fell 1.68%, with OriginTrail (TRAC) showing relative resilience, rising 3.89%; the CeFi sector fell 1.78%, with Canton Network (CC) surging 6.14% intraday; the Layer 1 sector fell 1.86%, with Zcash (ZEC) falling 3.16%; the DeFi sector fell 2.22%, with Uniswap (UNI) falling 4.14%; the Meme sector fell 2.25%, with PIPPIN (PIPPIN) bucking the trend and rising 31.03%; and the Layer 2 sector fell 2.30%, with ImmutableX (IMX) rising 2.63%.

The crypto sector indices, which reflect the historical performance of the sector, show that the ssiAI, ssiLayer2, and ssiDeFi indices fell by 3.13%, 2.66%, and 2.38%, respectively.