Data: The cryptocurrency sector is experiencing a widespread decline, with the SocialFi sector leading the drop by over 9%. BTC has fallen below $113,000

ChainCatcher news indicates that, according to SoSoValue data, the entire cryptocurrency market has experienced a decline, with 24-hour drops generally around 2% to 9%. The SocialFi sector led the decline with a drop of 9.15%. Within this sector, Toncoin (TON) fell by 7.03%, while Galxe (GAL) rose against the trend by 4.46%. Additionally, Bitcoin (BTC) decreased by 1.92%, falling below $113,000, and Ethereum (ETH) dropped by 3.78%, falling below the $4,200 mark.

In other sectors, the Layer2 sector saw a 24-hour decline of 2.99%, with Mantle (MNT) rising against the trend by 11.12; the PayFi sector fell by 3.16%, and Litecoin (LTC) dropped by 5.08%; the CeFi sector decreased by 4.47%, with Hyperliquid (HYPE) down by 7.25%; the Layer1 sector declined by 4.99%, while Avalanche (AVAX) remained relatively strong, rising by 4.87%; the Meme sector fell by 5.12%, with MemeCore (M) peaking at 6.88% during the session; the DeFi sector decreased by 5.40%, but Aster (ASTER) rose by 3.26%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiSocialFi, ssiGameFi, and ssiNFT indices fell by 9.47%, 7.22%, and 6.44%, respectively.