Cryptocurrency Market Sees Broad Decline, BTC Falls Below $68,000, While AI and Meme Sectors Defy Trend and Rise

According to SoSoValue data, the cryptocurrency market experienced a broad decline. The RWA sector fell by 4.85% over 24 hours. Within the sector, Sky (SKY) dropped 7.95%, while Ondo Finance (ONDO) and Pendle (PENDLE) fell by 2.61% and 2.49%, respectively. Additionally, Bitcoin (BTC) declined by 1.42%, falling below $68,000; Ethereum (ETH) dropped 1.78%, dipping below $2,100.

Notably, the AI and Meme sectors performed strongly, defying the market trend with gains of 10.36% and 3.66% over 24 hours, respectively. Within the AI sector, Siren (SIREN) surged significantly by 163.98%, and Kite (KITE) rose by 7.19%. In the Meme sector, MemeCore (M) increased by 3.31%, and Banana For Scale (BANANA) jumped by 48.95%.

In other sectors, the CeFi sector fell by 0.65% over 24 hours, though Aster (ASTER) remained relatively resilient with a 1.52% gain. The Layer1 sector declined by 0.80%, but Kaspa (KAS) rose by 0.58%. The PayFi sector dropped 1.10%, while Monero (XMR) saw an intraday rally of 4.95%. The DeFi sector decreased by 1.70%, but River (RIVER) posted a substantial gain of 22.20%. The Layer2 sector fell by 2.26%, with Mantle (MNT) down 3.20%.

The cryptocurrency sector indices reflecting historical performance show that the ssiSocialFi index rose by 0.09%, while the ssiRWA and ssiGameFi indices fell by 3.24% and 2.27%, respectively.