The cryptocurrency market is broadly declining, with only the NFT, GameFi, and SocialFi sectors seeing gains

According to SoSoValue data, the cryptocurrency market sectors are showing an overall downward trend. The DeFi sector fell 5.08% in the past 24 hours, with Hyperliquid (HYPE) dropping 8.86% and LAB (LAB) declining 25.19%. Meanwhile, Bitcoin (BTC) fell 1.50%, with its price dropping below $62,000; Ethereum (ETH) fell 1.65%, with its price dropping below $1,700.

In contrast, the NFT sector bucked the trend and rose 4.57%, with Audiera (BEAT) increasing by 9.51%.

In other sectors, the CeFi sector fell 0.20% over the same period. Within this sector, Gate (GT) remained relatively resilient, rising 1.10%. The Layer 2 sector fell 0.36%, but zkSync (ZK) increased by 5.66%. The Layer 1 sector fell 1.45%, with NEAR Protocol (NEAR) surging 5.09% during the session. The Meme sector fell 2.05%, while Cheems Token (CHEEMS) bucked the trend and rose 6.47%. The PayFi sector fell 2.10%, but Litecoin (LTC) increased by 1.27%.

Cryptocurrency sector indices reflecting historical sector performance show the ssiSocialFi, ssiDeFi, and ssiAI indices rising 0.20%, falling 5.23%, and falling 3.76%, respectively.