Crypto market declines for two consecutive days; Layer 2 drops over 6%

KuCoinFlash

Release Time: 03/19/2026 02:35:51

Summary

The crypto market declined for the second consecutive day, with the Fear & Greed Index indicating heightened anxiety. Layer2 tokens led the drop, falling 6.09% in 24 hours. Mantle (MNT) lost 7.36%, while Optimism (OP) and zkSync (ZK) dropped 7.73% and 8.19%, respectively. Bitcoin (BTC) dipped 4.05%, briefly falling below $71,000, and Ethereum (ETH) declined 5.54% to around $2,200. CeFi, Layer1, and DeFi also posted losses, but Kaspa (KAS) rose 9.07%, and River (RIVER) surged 15.32%. The ssiLayer2, ssiAI, and ssiMeme indices fell 5.97%, 5.23%, and 4.92%, respectively.

Odaily Planet Daily report: According to SoSoValue data, cryptocurrency market sectors have declined for two consecutive days, with the Layer2 sector leading the losses, down 6.09% in 24 hours. Among them, Mantle (MNT) fell 7.36%, Optimism (OP) dropped 7.73%, and zkSync (ZK) declined 8.19%. Additionally, Bitcoin (BTC) fell 4.05%, briefly dipping below $71,000 during trading; Ethereum (ETH) dropped 5.54%, falling to around $2,200.

In other sectors, the CeFi sector declined 2.58% over 24 hours, with Aster (ASTER) falling 7.22%; the Layer1 sector dropped 3.22%, but Kaspa (KAS) rose 9.07% against the trend; the PayFi sector fell 3.60%, with Dash (DASH) down 7.72%; the DeFi sector declined 3.94%, though River (RIVER) surged 15.32% intraday; the Meme sector dropped 4.79%, but Siren (SIREN) remained relatively resilient, rising sharply by 13.64%.

The cryptocurrency sector indices reflecting historical market performance show that the ssiLayer2, ssiAI, and ssiMeme indices declined by 5.97%, 5.23%, and 4.92%, respectively.

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