Cryptocurrency Market Maintains Downtrend, Meme Sector Leads Decline Over 5%, but BTC Defies Trend with Gains

According to SoSoValue data, the cryptocurrency market sectors continue their downward trend. The Meme sector fell 5.01% in the past 24 hours, with MemeCore (M), which had seen significant gains previously, dropping 29.56%. However, BUILDon (B) and PIPPIN (PIPPIN) bucked the trend, rising 11.24% and 39.36% respectively. Meanwhile, Ethereum (ETH) fell 1.67%, holding above $2,000. Notably, Bitcoin (BTC) remained relatively resilient, gaining 1.13% and breaking through the $70,000 mark.

In other sectors, the PayFi sector declined 0.82% over 24 hours, with Telcoin (TEL) within the sector rising 1.82%. The DeFi sector fell 0.85%, although Hyperliquid (HYPE) saw an intraday surge of 3.26%. The CeFi sector dropped 0.94%, but Aster (ASTER) posted a significant gain of 8.19%. The Layer1 sector decreased 1.87%, while Kaspa (KAS) rose 6.03%. The Layer2 sector fell 1.91%, with Stacks (STX) down 3.20%.

The cryptocurrency sector indices, reflecting historical sector performance, show that the ssiRWA and ssiDeFi indices rose 3.31% and 1.61% respectively, while the ssiMeme index fell 6.07%.