Crypto sector falls for three consecutive days, BTC briefly drops below $60,000

According to SoSoValue data, the crypto market has fallen for three consecutive days, with the Meme sector dropping 13.75% in 24 hours. Among them, MemeCore (M) fell 67.51%, and Pump.fun (PUMP) fell 10.90%; the NFT sector fell 9.99%, and within the sector, Audiera (BEAT), which surged yesterday, fell 22.63%.

Meanwhile, Bitcoin (BTC) fell 3.36%, briefly dropping below $60,000 during the session; Ethereum (ETH) fell 3.35%, declining to around $1,600.

In other sectors, the CeFi sector fell 2.33% in 24 hours, with NEXO (NEXO) dropping 3.59%; the PayFi sector fell 3.18%, with Dash (DASH) falling 7.82%; the Layer1 sector fell 3.07%, but Gram (GRAM) bucked the trend and rose 1.46%; the Layer2 sector fell 3.46%, but Optimism (OP) rose 3.83%.

Additionally, the DeFi sector performed notably, rising 1.69%, with Hyperliquid (HYPE) up 2.04%, o1.exchange (O) up 35.42%, and LAB (LAB) up 19.60%.

Reflecting the historical performance of the sectors, the crypto sector index shows that the ssiSocialFi index rose 1.09%, the ssiDeFi index rose 0.25%, while the ssiMeme index fell 17.69%.