Crypto Market Sectors Experience Significant Decline, ETH Drops Over 6%, Only SocialFi Sector Remains Relatively Resilient

Odaily News On February 2nd, according to SoSoValue data, the crypto market sectors continued their downward trend, albeit with a narrowing decline. Among them, Ethereum (ETH) fell 6.15% in 24 hours, dropping below $2,300. Bitcoin (BTC) fell 1.21%, dropping below $78,000. Only the SocialFi sector remained relatively resilient, rising 0.58%. Within the sector, Toncoin (TON) rose 0.52%, and Chiliz (CHZ) rose 4.02%.

In other sectors, the Layer2 sector fell 1.36% in 24 hours, but zkSync (ZK) surged significantly by 13.62%, and Zora (ZORA) rose 4.73%; the Meme sector fell 0.12%, within which MemeCore (M) was relatively resilient, rising 4.79%; the Layer1 sector fell 1.77%, with Canton Network (CC) experiencing an intraday rally of 4.73%; the DeFi sector fell 1.93%, while MYX Finance (MYX) defied the market trend, rising 14.41%; the CeFi sector fell 2.24%, with Binance Coin (BNB) falling 2.49%; the PayFi sector fell 2.92%, while Ultima (ULTIMA) climbed sharply by 19.93%.

The crypto sector indices reflecting historical sector performance showed that the ssiSocialFi, ssiMeme, and ssiRWA indices rose by 1.20%, 1.14%, and 0.17% respectively.