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Crypto market experiences widespread pullback, BTC breaks below $74,000 during trading session, with only SocialFi sector relatively resilient
Odaily Planet Daily reports that the overall crypto market is experiencing a correction trend based on SoSoValue data. The RWA sector led the decline, dropping 3.92% over the past 24 hours, with Ondo Finance (ONDO) down 2.76% and Pendle (PENDLE) down 3.12%. Meanwhile, Bitcoin (BTC) fell 1.92%, breaking below $74,000 during the session; Ethereum (ETH) decreased 1.30%, dropping above $2,300.
Only the SocialFi sector remains relatively resilient, rising 0.54% over the past 24 hours, with Toncoin (TON) up 1.20%.
In other sectors, DeFi declined 0.39% in 24 hours, but River (RIVER) increased 12.22%. The Layer1 sector fell 0.53%, with Kaspa (KAS) remaining relatively strong, up 9.87%. The Meme sector declined 1.02%, but Siren (SIREN) surged 29.79% against the trend. The CeFi sector dropped 1.77%, with Cronos (CRO) down 3.19%. The Layer2 sector decreased 2.14%, but zkSync (ZK) surged 2.16% during the session. The PayFi sector fell 2.63%, with XRP down 3.51%.
Reflecting the historical performance of sectors, the crypto sector indices show that the ssiSocialFi index increased 0.77%, the ssiRWA index decreased 4.04%, and the ssiPayFi index declined 2.64%.