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

According to SoSoValue data, the cryptocurrency market sectors are generally declining. The NFT sector fell 4.68% in 24 hours. Within this sector, Pudgy Penguins (PENGU) dropped 4.46%, while Audiera (BEAT) decreased by 14.38%. Meanwhile, Bitcoin (BTC) fell 1.21% in 24 hours, dipping below $74,000; Ethereum (ETH) dropped 0.79%, briefly falling below $2,000.

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

In other sectors, the PayFi sector saw a 0.00% increase in 24 hours. Within this sector, Stellar (XLM) rose 13.35%. The Layer1 sector fell 0.80%, but Algorand (ALGO) increased by 7.72%. The Meme sector dropped 1.02%, with Pump.fun (PUMP) down 5.06%. The Layer2 sector declined 1.12%, but Stacks (STX) remained relatively resilient, rising 1.84%. The CeFi sector fell 1.25%, though OKB (OKB) saw an intraday surge of 1.45%.

The crypto sector indices reflecting historical sector performance show that the ssiDeFi and ssiPayFi indices rose by 1.44% and 0.65% respectively, while the ssiAI index fell by 9.50%.