The overall crypto market retraced, while the SocialFi sector defied the trend with a rise of over 7%. BTC fell below $71,000.
Foresight News reports, according to SoSoValue data, most sectors in the crypto market have declined. The PayFi sector fell by 4.15% in 24 hours, XRP dropped 3.26%, Stellar (XLM) decreased by 11.45%, but Ultima (ULTIMA) bucked the trend with a 2.79% increase. Meanwhile, Bitcoin (BTC) fell by 3.60%, dropping below 71,000 USD; Ethereum (ETH) dropped 0.92%, falling below 2,000 USD. However, the SocialFi sector rose against the market, up 7.03% in 24 hours, with Toncoin (TON) up 4.18% and Chiliz (CHZ) up 5.71% within the sector. The AI sector increased by 3.13%, with Worldcoin (WLD) soaring 18.53%; the DeFi sector was up 2.98%, Hyperliquid (HYPE) rose 1.76%, and LAB (LAB) surged by 64.79%. The Meme sector gained 1.09%, with Siren (SIREN) rising by 15.38%.
In other sectors, the Layer1 sector declined 1.09%, with NEAR Protocol (NEAR) surging 14.22% intraday; the CeFi sector fell 1.47%, with a certain exchange dropping 1.94%; the Layer2 sector decreased 2.31%, with Optimism (OP) remaining relatively strong, rising 2.88%. The crypto sector indices reflecting historical performance showed ssiSocialFi, ssiAI, and ssiMeme indices increasing by 7.22%, 1.87%, and 1.31% 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.
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