The cryptocurrency market is broadly declining, with the Layer 2 sector falling over 3% and BTC dropping below $59,000

Odaily Planet Daily News, July 1st. According to SoSoValue data, the cryptocurrency sector is broadly declining. The Layer 2 sector fell 3.57% in the last 24 hours, with Mantle (MNT) dropping 4.97%, Starknet (STRK) falling 4.93%, and Celestia (TIA) declining 9.54%. Meanwhile, Bitcoin (BTC) fell 1.89%, breaking below $59,000; Ethereum (ETH) dropped 0.98%, falling below $1,600.

In other sectors, the PayFi sector fell 0.29% in 24 hours, but Stellar (XLM) rose 11.00%; the CeFi sector dropped 0.87%, with Binance Coin (BNB) falling 1.19%; the Meme sector declined 1.05%, while MemeCore (M) bucked the trend, rising 22.60%; the Layer 1 sector fell 1.41%, with Cardano (ADA) being relatively resilient, rising 1.32%; the DeFi sector dropped 2.79%, with LAB (LAB) declining 14.83%.

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

Reflecting the historical performance of the sectors, the Crypto Sector Index shows that the ssiDePIN, ssiLayer2, and ssiRWA indices fell by 5.11%, 4.80%, and 2.56% respectively.