Crypto Sector Plummets Across the Board, CeFi Sector Leads Decline by 6.05%, ETH Briefly Falls Below $2,100

According to SoSoValue data, the crypto market sectors experienced a broad-based decline, with 24-hour losses generally ranging from about 2% to 6%. The CeFi sector led the drop with a 6.05% decline, where Binance Coin (BNB) fell 7.90% and NEXO (NEXO) dropped 8.11%. Meanwhile, Bitcoin (BTC) fell 4.97%, briefly dipping below $72,000 during the session, and Ethereum (ETH) declined 4.66%, once falling below $2,100.

In other sectors, the DeFi sector fell 2.09% over 24 hours, but Hyperliquid (HYPE) rose 2.72% and River (RIVER) surged 13.69%; the Layer2 sector dropped 2.66%, with Zora (ZORA) showing relative resilience, gaining 2.89%; the Meme sector declined 2.97%, while The White Whale (WHITEWHALE) bucked the trend with a 28.42% increase; the Layer1 sector fell 5.73%, with Solana (SOL) down 6.76%; the PayFi sector dropped 5.89%, and XRP (XRP) fell 7.17%.

The crypto sector indices reflecting historical sector performance showed that the ssiCeFi, ssiPayFi, and ssiLayer1 indices fell by 7.65%, 6.20%, and 5.51%, respectively.