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I just checked the numbers and the crypto market is having a tough day. BTC's correction is still ongoing, trading around $78K with a 1.19% drop in the last 24 hours. Ethereum is also in the red, falling to $2.33K with a more pronounced decline of 3.08%.
What's interesting is that not all sectors are falling equally. The RWA remains the most affected with significant declines, while some altcoins are showing erratic behavior. For example, RIVER plummeted nearly 10%, but KAS and SIREN are barely moving in the negative. It's as if the market isn't quite sure where to go.
Regarding this Bitcoin correction, it seems to be part of a broader consolidation. The DeFi sector is down just 0.39%, Layer2 drops 2.14%, and PayFi is at -2.63%. The interesting thing is that the SocialFi index remains positive at +0.77%, so there are pockets of strength amid the overall weakness. Typical of correction markets, some sectors resist better than others.