Crypto market falls for the third consecutive day; BTC decline narrows, GameFi holds steady

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The crypto market declined for a third consecutive day, with the BTC market update showing a 0.88% drop over 24 hours. Bitcoin briefly fell below $69,000 before rebounding above $70,000. The crypto market saw SocialFi drop 4.65%, led by Toncoin’s 5.48% decline. Ethereum fell 1.94%, breaking below $2,200. GameFi defied the trend, rising 0.24% as Axie Infinity increased 3.84%.

Odaily Planet Daily report: According to SoSoValue data, the cryptocurrency market sectors have declined for three consecutive days. The SocialFi sector fell 4.65% in the past 24 hours, with Toncoin (TON) dropping 5.48%. Meanwhile, Bitcoin (BTC) declined 0.88% over the same period, briefly falling below $69,000, but has since recovered slightly and is now trading above $70,000. Ethereum (ETH) fell 1.94%, breaking below $2,200. The only sector to show positive movement was GameFi, which rose 0.24% in 24 hours, led by Axie Infinity (AXS), up 3.84%.

In other sectors, the PayFi sector declined 0.50% over 24 hours, but eCash (XEC) rose 2.55%; the Meme sector fell 1.15%, with PIPPIN (PIPPIN) surging 12.38% within the sector; the Layer1 sector dropped 1.31%, with Zcash (ZEC) down 6.13%; the Layer2 sector declined 1.43%, with Celestia (TIA) down 3.08%; the CeFi sector fell 1.45%, with OKB (OKB) down 3.15%; and the DeFi sector decreased 1.49%, while Morpho Token (MORPHO) remained relatively resilient, rising 2.15%.

The crypto sector indices reflecting historical market performance show that the ssiSocialFi, ssiDeFi, and ssiLayer1 indices declined by 4.89%, 1.62%, and 1.23%, respectively.

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