Cryptocurrency market sees widespread decline, GameFi sector leads with nearly 5% drop, BTC falls below $88,000

Odaily News On January 26th, according to SoSoValue data, the cryptocurrency market sectors experienced a widespread decline, with the GameFi sector leading the drop by 4.90% over the past 24 hours. Within the sector, The Sandbox (SAND) fell by 8.85%, Axie Infinity (AXS) dropped by 18.23%, while Beam (BEAM) bucked the trend and rose by 19.02%. Simultaneously, Bitcoin (BTC) declined by 1.84%, falling below $88,000; Ethereum (ETH) decreased by 2.34%, dropping below $2,900.

In other sectors, the CeFi sector fell by 1.55% over the past 24 hours, with Aster (ASTER) down by 6.86%; the PayFi sector dropped by 2.03%, with Monero (XMR) declining by 10.25%; the Meme sector decreased by 2.10%, with PIPPIN (PIPPIN) falling by 18.01%; the Layer1 sector declined by 2.25%, though TRON (TRX) remained relatively resilient, rising by 0.34%; the DeFi sector dropped by 3.10%, while River (RIVER) surged again during the session by 30.71%; the Layer2 sector fell by 4.63%, but Movement (MOVE) increased by 2.38%.

The cryptocurrency sector indices reflecting historical sector performance show that the ssiGameFi, ssiLayer2, and ssiAI indices fell by 6.05%, 4.93%, and 4.39%, respectively.