Crypto Market Sees Broad Decline, BTC Falls Below $92,000, Only SocialFi Remains Relatively Resilient

Odaily News On January 8th, according to SoSoValue data, the overall crypto market sectors showed a downward trend. Bitcoin (BTC) fell 1.08% in 24 hours, dropping below $92,000; Ethereum (ETH) fell 2.05%, breaking below $3,200. The RWA sector led the decline, down 2.99%. Within the sector, Ondo Finance (ONDO) fell 4.00%, and Keeta (KTA) fell 5.57%. Only the SocialFi sector remained relatively resilient, rising 0.58%. Among its constituents, Toncoin (TON) rose 0.48%, and Chiliz (CHZ) rose 1.93%.

In other sectors, the CeFi sector fell 0.59%, but NEXO (NEXO) rose 0.10%; the Layer1 sector fell 0.88%, with TRON (TRX) surging 1.43% during the session; the Meme sector fell 1.07%, with Binance Life (BILIF) soaring 29.06% influenced by factors such as its listing on Binance Spot; the DeFi sector fell 1.76%, while MYX Finance (MYX) bucked the trend, rising 7.60%; the Layer2 sector fell 2.37%, with Polygon (ex-MATIC) (POL) showing relative resilience, up 2.62%; the PayFi sector fell 2.71%, with XRP down 3.48%.

The crypto sector indices reflecting historical sector performance showed that the ssiNFT, ssiAI, and ssiRWA indices fell by 3.80%, 3.46%, and 3.36%, respectively.