Crypto Market Falls for Two Consecutive Days, Layer 2 Sector Drops Over 6%, BTC Briefly Breaks Below $71,000

According to SoSoValue data, the crypto market sectors have fallen for two consecutive days, with the Layer 2 sector leading the decline, down 6.09% in 24 hours. Among them, Mantle (MNT) fell 7.36%, while Optimism (OP) and zkSync (ZK) dropped 7.73% and 8.19% respectively. Additionally, Bitcoin (BTC) fell 4.05%, briefly breaking below $71,000 during the session; Ethereum (ETH) fell 5.54%, dropping to around $2,200.

In other sectors, the CeFi sector fell 2.58% in 24 hours, with Aster (ASTER) down 7.22%; the Layer1 sector fell 3.22%, but Kaspa (KAS) bucked the trend and rose 9.07%; the PayFi sector fell 3.60%, with Dash (DASH) down 7.72%; the DeFi sector fell 3.94%, but River (RIVER) surged 15.32% during the session; the Meme sector fell 4.79%, with Siren (SIREN) showing relative resilience, posting a significant gain of 13.64%.

The crypto sector indices reflecting historical sector performance show that the ssiLayer2, ssiAI, and ssiMeme indices fell by 5.97%, 5.23%, and 4.92% respectively.