Crypto Market Sees Broad Decline, GameFi Sector Drops Over 8%, ETH Falls Below $3,200

According to data from SoSoValue, the crypto market sectors experienced a full-line correction, with 24-hour declines generally ranging from about 2% to 9%. The GameFi sector led the decline, dropping 8.58% in 24 hours. Within the sector, ImmutableX (IMX) fell 10.76%, while The Sandbox (SAND) and GALA dropped 11.18% and 12.76%, respectively. Additionally, Bitcoin (BTC) fell 2.89%, breaking below $93,000; Ethereum (ETH) fell 3.18%, breaking below $3,200.

In other sectors, the CeFi sector fell 2.71% in 24 hours, with Aster (ASTER) dropping 9.94%; the PayFi sector fell 4.20%, but Dash (DASH) bucked the trend, rising 10.32%; the Layer1 sector fell 4.80%, with Sui (SUI) dropping 11.04%; the DeFi sector fell 5.97%, though Frax (FRAX) rose 31.97%; the Layer2 sector fell 6.70%, while River (RIVER), which had previously seen consecutive significant gains, rose again by 26.40%; the Meme sector fell 7.30%, while MemeCore (M) rose 1.78%.

The crypto sector indices reflecting historical sector performance showed that the ssiNFT, ssiDePIN, and ssiGameFi indices fell by 9.11%, 8.97%, and 8.84%, respectively.