The cryptocurrency market experienced a broad decline, with BTC briefly falling below $66,000. Only the SocialFi sector showed relative resilience.

According to data from SoSoValue, the cryptocurrency market saw a widespread downturn. Bitcoin (BTC) fell by 1.63%, briefly dipping below $66,000 during the session. Ethereum (ETH) declined by 1.15%, dropping below $2,000. Only the SocialFi sector showed relative strength, rising 0.53% over the past 24 hours. Within the sector, Chiliz (CHZ) gained 6.30%.

In other sectors, the Layer2 sector led the market decline, falling 1.85% in 24 hours, with Mantle (MNT) down 3.61%. The PayFi sector fell 1.17%, although Trust Wallet (TWT) rose 1.91%. The CeFi sector declined 0.87%, while Aster (ASTER) gained 0.15%. The Meme sector dropped 0.69%, but Siren (SIREN) bucked the trend with a 10.80% surge. The Layer1 sector fell 0.67%, though Polkadot (DOT) saw an intraday rally of 1.66%. The DeFi sector decreased by 0.60%; within the sector, Morpho Token (MORPHO) showed relative resilience, rising 3.12%.

The cryptocurrency sector indices, which reflect historical sector performance, showed that the ssiRWA and ssiSocialFi indices rose by 1.80% and 1.35% respectively, while the ssiAI index fell by 2.47%.