The crypto market sees a broad decline, with the DeFi sector dropping over 3%

On July 14, according to SoSoValue data, the crypto market sectors experienced a broad correction, with the DeFi sector falling 3.28%. Hyperliquid (HYPE) fell 5.59%, DeXe (DEXE) fell 10.93%, while Beldex (BDX) and Velvet (VELVET) bucked the trend, rising 16.24% and 18.46% respectively. Meanwhile, Bitcoin (BTC) fell 1.71%, dropping below $63,000; Ethereum (ETH) fell 1.48%, dipping below $1,800.

In other sectors, the Layer 2 sector fell 0.12% in 24 hours, with Polygon (ex-MATIC) (POL) holding relatively firm, rising 2.67%. The CeFi sector fell 1.21%, with Cronos (CRO) falling 2.64%. The Meme sector fell 1.76%, with SPX6900 (SPX) falling 8.38%. The Layer 1 sector fell 2.20%, with NEAR Protocol (NEAR) surging 2.94% intraday. The PayFi sector fell 2.36%, but eCash (XEC) rose 17.48%.

The crypto sector indices, which reflect historical sector performance, show that the ssiDePIN, ssiAI, and ssiDeFi indices fell by 3.68%, 3.60%, and 3.46%, respectively.