The cryptocurrency market is experiencing a widespread decline, with BTC falling below $70,000 and ETH dropping over 4%

According to SoSoValue data, the cryptocurrency market sector is experiencing a broad decline after a brief rebound. Bitcoin (BTC) has dropped 1.93% in the last 24 hours, falling below $70,000, while Ethereum (ETH) has decreased by 4.51%, reaching the $2,000 mark.

Meanwhile, DeFi has fallen by 3.81%, but River (RIVER) has risen for two consecutive days, increasing by 29.23% in the last 24 hours.

In other sectors, the PayFi sector has decreased by 2.12%, with Monero (XMR) remaining relatively strong, rising by 1.93%; the CeFi sector has dropped by 2.46%, but Aster (ASTER) has increased by 6.35%; the Layer2 sector has declined by 2.72%, with Starknet (STRK) falling by 4.93%; the Layer1 sector has decreased by 2.95%, while Canton Network (CC) has surged by 0.58% during the day; the Meme sector has dropped by 2.96%, with PIPPIN (PIPPIN) significantly rising by 33.18%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiMeme, ssiLayer1, and ssiDePIN indices have decreased by 4%, 3.88%, and 3.29%, respectively.