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Data: The cryptocurrency market sector has turned bearish again, with Bitcoin briefly falling below the $85,000 mark

2025-03-07 11:12:25

ChainCatcher message indicates that, influenced by factors such as Trump's executive order to establish a Bitcoin strategic reserve falling short of expectations, the cryptocurrency market sector has once again turned bearish. Bitcoin (BTC) has dropped 4.21% in the last 24 hours, briefly falling below the $85,000 mark, while Ethereum (ETH) has decreased by 4.72%, dropping below $2,200. Additionally, the ETF Candidates sector fell by 4.07%, with Cardano (ADA) down 11.77%.

In other sectors, the CeFi sector has decreased by 1.35% in the last 24 hours, with Bitget token (BGB) relatively resilient, rising by 1.20%; the PayFi sector fell by 2.11%, and the Layer2 sector dropped by 3.10%, although Movement (MOVE) rose against the trend by 6.62%; the Meme sector declined by 3.97%, and the Layer1 sector fell by 4.01%, with Sui (SUI) rising by 3.11% against the trend; the DeFi sector decreased by 5.42%, while Ethena (ENA) rose by 6.92% against the trend.

Furthermore, the cryptocurrency sector indices reflecting historical market performance show that the ssiRWA, ssiDeFi, and ssiMAG7 indices fell by 6.21%, 5.47%, and 3.79% respectively in the last 24 hours. It is worth mentioning that the weekly return rates for the ssiMAG7 and ssiPayFi indices reached 6.20% and 14.17%, respectively.

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