Crypto Market Sees Broad Decline, DeFi Sector Drops Over 3%

Odaily Planet Daily News, July 14, according to SoSoValue data, the crypto market sectors are broadly pulling back. The DeFi sector fell 3.28%, with Hyperliquid (HYPE) dropping 5.59% and DeXe (DEXE) falling 10.93%. However, Beldex (BDX) and Velvet (VELVET) bucked the trend, rising 16.24% and 18.46% respectively. Meanwhile, Bitcoin (BTC) fell 1.71%, dropping below $63,000; Ethereum (ETH) fell 1.48%, slipping below $1,800.

In other sectors, the Layer 2 sector fell 0.12% in 24 hours, with Polygon (ex-MATIC) (POL) relatively resilient, rising 2.67%; the CeFi sector fell 1.21%, with Cronos (CRO) down 2.64%; the Meme sector fell 1.76%, with SPX6900 (SPX) down 8.38%; the Layer 1 sector fell 2.20%, but NEAR Protocol (NEAR) rallied 2.94% during the session; the PayFi sector fell 2.36%, but eCash (XEC) rose 17.48%.

Reflecting the historical performance of the sectors, the crypto sector indices show that the ssiDePIN, ssiAI, and ssiDeFi indices fell by 3.68%, 3.60%, and 3.46% respectively.