Crypto market sees broad decline, BTC drops below $77,000, only DeFi and SocialFi sectors remain relatively resilient

According to SoSoValue data, the crypto market is broadly declining. Bitcoin (BTC) fell 1.19%, dropping below $77,000; Ethereum (ETH) fell 2.71%, dipping below $2,200. Only the DeFi and SocialFi sectors remained relatively resilient, rising 1.18% and 2.40% in 24 hours respectively. 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 losses: The CeFi sector fell 1.17% in 24 hours, with Binance Coin (BNB) down 1.07%; the Layer 1 sector fell 1.46%, with Zcash (ZEC) spiking 5.22% during the session; the Layer 2 sector fell 1.70%, with Optimism (OP) down 3.18%; the PayFi sector fell 1.78%, although Telcoin (TEL) rose 1.55%; the Meme sector fell 1.94%, while Binance Life bucked the trend, rising 6.47%; the AI sector fell 7.91%, but Billions Network (BILL) defied the trend, rising 14.06%.

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