Data: The crypto market is broadly down, with the Layer2 sector leading the decline by nearly 8%. BTC falls below $88,000.
ChainCatcher News, according to SoSoValue data, the overall crypto market is experiencing a general decline, with 24-hour drops ranging from approximately 3% to 8%. The Layer2 sector is leading the decline with a 7.72% drop. Within the sector, Starknet (STRK) fell by 13.13%, and zkSync (ZK) dropped by 10.99%. In addition, Bitcoin (BTC) fell by 3.91%, dropping below $88,000; Ethereum (ETH) fell by 5.17%, dropping below $2,900.
In other sectors, the CeFi sector fell by 3.90% over 24 hours. Within the sector, HashKey Platform Token (HSK) remained relatively resilient, rising by 1.35%. In terms of news, HSK has passed the Hong Kong Stock Exchange hearing and plans to go public in Hong Kong. The PayFi sector dropped by 4.85%, but Monero (XMR) rose by 3.55%. The Layer1 sector fell by 5.31%, with Zcash (ZEC) dropping by 17.38%. The Meme sector dropped by 5.44%, while MemeCore (M) bucked the trend and rose by 7.15%. The DeFi sector fell by 6.40%, with MYX Finance (MYX) surging by 8.21% during trading. The AI sector fell by 6.84%, but SoSoValue (SOSO) rose by 8.43% within the sector.
The crypto sector indices reflecting historical sector performance show that the ssiAI, ssiDePIN, and ssiGameFi indices fell by 8.23%, 8.22%, and 7.67% respectively.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs Bets on 'Rising Stocks and Bullish Bonds': S&P 500 Targeted at 8,700 Points, 10-Year US Treasury Yield Falls to 4.5%
Goldman Sachs expects the S&P 500 index to rise by 13.7% over the next 12 months, with the 10-year US Treasury yield falling from the current 5% to 4.5%. The bank's 12-month target for the S&P 500 is 8,700 points.

Up 14% since July! Forex options traders bet the Korean won rally will continue
Forex options traders are betting that the Korean won, which has been leading the Asian forex market since July, will continue its strong momentum.

Oppenheimer: Azure and M365 Commercial Edition expected to accelerate in fiscal 2027; Microsoft (MSFT.US) target price raised to $570
Oppenheimer raised Microsoft's target price from $515 to $570 and maintained its "Outperform" rating.
