The cryptocurrency market is broadly declining, with BTC falling below $74,000, while only the DeFi sector remains relatively resilient

According to SoSoValue data, the cryptocurrency market sectors are broadly declining. The NFT sector fell 4.68% in 24 hours, with Pudgy Penguins (PENGU) down 4.46% and Audiera (BEAT) down 14.38% within the sector. Meanwhile, Bitcoin (BTC) fell 1.21% in 24 hours, dropping below $74,000; Ethereum (ETH) fell 0.79%, briefly dipping below $2,000.

Only the DeFi sector bucked the trend, rising 0.35% in 24 hours, with Hyperliquid (HYPE) up 6.79% and Dexe (DEXE) up 5.53%.

In other sectors, the PayFi sector was flat over 24 hours, within which Stellar (XLM) rose 13.35%; the Layer1 sector fell 0.80%, but Algorand (ALGO) rose 7.72%; the Meme sector fell 1.02%, with Pump.fun (PUMP) down 5.06%; the Layer2 sector fell 1.12%, with Stacks (STX) relatively resilient, rising 1.84%; the CeFi sector fell 1.25%, with OKB (OKB) briefly rallying 1.45% during the session.

Reflecting historical sector performance, the crypto sector indices show the ssiDeFi and ssiPayFi indices rising 1.44% and 0.65% respectively, while the ssiAI index fell 9.50%.