Crypto market sees broad correction, SocialFi sector bucks trend with over 7% gain, BTC drops below $71,000

Odaily Planet Daily News, June 2nd. According to SoSoValue data, the crypto market sectors experienced a broad decline. The PayFi sector fell 4.15% in 24 hours, XRP dropped 3.26%, Stellar (XLM) fell 11.45%, but Ultima (ULTIMA) bucked the trend and rose 2.79%. Meanwhile, Bitcoin (BTC) fell 3.60%, dropping below $71,000; Ethereum (ETH) fell 0.92%, falling below $2,000.

However, the SocialFi sector rose against the market trend, up 7.03% in 24 hours. Within the sector, Toncoin (TON) rose 4.18%, and Chiliz (CHZ) rose 5.71%. The AI sector rose 3.13%, with Worldcoin (WLD) up 18.53%; the DeFi sector rose 2.98%, with Hyperliquid (HYPE) up 1.76%, and LAB up 64.79%; the Meme sector rose 1.09%, with Siren (SIREN) up 15.38%.

In other sectors, the Layer1 sector fell 1.09%, with NEAR Protocol (NEAR) surging 14.22% during the session; the CeFi sector fell 1.47%, with Binance Coin (BNB) down 1.94%; the Layer2 sector fell 2.31%, with Optimism (OP) relatively resilient, rising 2.88%.

Reflecting the historical performance of sectors, the crypto sector index shows that the ssiSocialFi, ssiAI, and ssiMeme indices rose by 7.22%, 1.87%, and 1.31%, respectively.