The crypto market is broadly declining, with the Layer2 sector falling over 3% and BTC dropping below $59,000

2026-07-01 02:46

Odaily reported on July 1 that according to SoSoValue data, the crypto market is broadly declining, with the Layer2 sector falling 3.57% in the past 24 hours. Among them, Mantle (MNT) dropped 4.97%, Starknet (STRK) fell 4.93%, and Celestia (TIA) decreased by 9.54%. Meanwhile, Bitcoin (BTC) fell 1.89%, dropping below $59,000; Ethereum (ETH) fell 0.98%, dropping below $1,600.

In other sectors, the PayFi sector fell 0.29% in the past 24 hours, but Stellar (XLM) rose 11.00%; the CeFi sector fell 0.87%, with Binance Coin (BNB) dropping 1.19%; the Meme sector fell 1.05%, while MemeCore (M) bucked the trend and rose 22.60%; the Layer1 sector fell 1.41%, with Cardano (ADA) remaining relatively strong, rising 1.32%; the DeFi sector fell 2.79%, with LAB (LAB) dropping 14.83%.

Additionally, the SocialFi and NFT sectors remained relatively strong, rising 0.50% and 0.54% respectively. Within the SocialFi sector, Gram (GRAM) rose 1.01%; within the NFT sector, Audiera (BEAT) rose 7.87%.

Reflecting the historical performance of these sectors, the crypto sector indices show that the ssiDePIN, ssiLayer2, and ssiRWA indices fell by 5.11%, 4.80%, and 2.56% respectively.