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The crypto market generally pulls back, with Layer 2 leading the decline by over 6%, and BTC falling below 87,000.
【ChainNews】Yesterday, the cryptocurrency market experienced another wave of widespread correction. According to data, the major sectors all declined between 2% and 7% within 24 hours.
The hardest-hit sector was Layer2, which dropped by 6.71%. Within this sector, Zora, Linea, and Movement performed particularly poorly, falling by 10.39%, 10.41%, and 13.61% respectively. On the main cryptocurrencies side, Bitcoin broke below the $87,000 mark, with a 24-hour decline of 1.71%; Ethereum also fared poorly, dropping to around $2,800, with a decline of 4.27%.
Other sectors showed varied performances. PayFi declined by 3.27%, while Ultima plummeted by 11.88%; the CeFi sector overall fell by 3.68%, but Canton Network rose by 8.54%; Layer1 declined by 3.78%, with Zcash dropping the most at 7.36%; the Meme sector, although generally down 4.65%, saw MemeCore and PIPPIN rise against the trend, with gains of 3.14% and 16.61% respectively; DeFi declined by 5.65%, with Hyperliquid dropping 7.91%.
Looking at this trend, market sentiment is clearly weak, but there are still many projects rising against the trend. In this kind of divergent market, careful selection is still necessary.