Crypto market broadly declines, BTC drops below $77,000, only DeFi and SocialFi sectors remain relatively resilient

Odaily reports, SoSoValue data shows a broad decline in the crypto market. Bitcoin (BTC) fell 1.19%, dropping below $77,000; Ethereum (ETH) fell 2.71%, dropping below $2,200. Only the DeFi and SocialFi sectors held up relatively well, rising 1.18% and 2.40% respectively over the past 24 hours. Within the DeFi sector, Block Street (BSB) rose 42.25%, and Hyperliquid (HYPE) rose 10.51%. Within the SocialFi sector, Toncoin (TON) rose 4.12%.

All other sectors recorded declines: The CeFi sector fell 1.17% in 24 hours, with Binance Coin (BNB) dropping 1.07%; the Layer1 sector fell 1.46%, with Zcash (ZEC) surging 5.22% intraday; the Layer2 sector fell 1.70%, with Optimism (OP) falling 3.18%; the PayFi sector fell 1.78%, although Telcoin (TEL) rose 1.55%; the Meme sector fell 1.94%, with Binance Life bucking the trend to rise 6.47%; the AI sector fell 7.91%, but Billions Network (BILL) defied the trend, rising 14.06%.

The sector indices, reflecting the historical performance of these sectors, showed that the ssiSocialFi and ssiDeFi indices rose 3.26% and 2.49% respectively, while the ssiAI index fell 7.91%.