Crypto Market Declines Broadly by 10%; BTC, ETH, and CeFi Sectors Show Relative Resilience

According to data from SoSoValue, the crypto market experienced a broad pullback with an average decline of 10%. However, Bitcoin (BTC), Ethereum (ETH), and the centralized finance (CeFi) sector demonstrated relative resilience compared to other sectors. BTC recorded a 24-hour decline of 1.73%, ETH fell by 5.16%, and the CeFi sector decreased by 5.29%, marking the smallest losses among all sectors.

In contrast, other sectors suffered more significant losses over the past 24 hours. The Layer 1 sector saw a decline of 9.92%, the Layer 2 sector fell by 10%, Meme coins dropped by 11.2%, the Real World Assets (RWA) sector declined by 11.27%, and the decentralized finance (DeFi) sector experienced the largest loss at 11.83%.