Data: The cryptocurrency market continues to decline, with the Meme sector leading the drop by over 5%, but BTC rises against the trend

According to SoSoValue data, the cryptocurrency market sector continues to trend downward, with the Meme sector dropping 5.01% in the last 24 hours. Previously, the MemeCore (M), which had a significant increase, fell by 29.56%, while BUILDon (B) and PIPPIN (PIPPIN) rose against the trend by 11.24% and 39.36%, respectively. At the same time, Ethereum (ETH) decreased by 1.67%, maintaining above $2000. Notably, Bitcoin (BTC) remained relatively strong, increasing by 1.13% and breaking through $70,000.

In other sectors, the PayFi sector dropped 0.82% in the last 24 hours, with Telcoin (TEL) rising by 1.82%; the DeFi sector fell by 0.85%, with Hyperliquid (HYPE) surging 3.26% during the day; the CeFi sector decreased by 0.94%, but Aster (ASTER) surged by 8.19%; the Layer1 sector dropped by 1.87%, while Kaspa (KAS) increased by 6.03%; Layer2 fell by 1.91%, with Stacks (STX) decreasing by 3.20%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiRWA and ssiDeFi indices rose by 3.31% and 1.61%, respectively, while the ssiMeme index fell by 6.07%.