According to ChainCatcher, data from SoSoValue shows that the crypto market has declined for two consecutive days, with the Layer2 sector leading the losses, down 6.09% in 24 hours. Among these, 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% in 24 hours, with Aster (ASTER) down 7.22%; the Layer1 sector fell 3.22%, but Kaspa (KAS) rose逆势 by 9.07%; the PayFi sector dropped 3.6%, with Dash (DASH) down 7.72%; the DeFi sector declined 3.94%, though River (RIVER) surged intraday by 15.32%; the Meme sector fell 4.79%, but Siren (SIREN) remained relatively resilient, rallying sharply by 13.64%.
Crypto market falls for two consecutive days; Layer 2 drops 6%
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Summary
The crypto market declined for a second consecutive day, with the Fear & Greed Index indicating heightened trader anxiety. Layer 2 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 $2,200. CeFi, Layer 1, and PayFi also posted losses of 2.58%, 3.22%, and 3.6%, respectively. The DeFi and Meme sectors saw smaller declines, with tokens like River (RIVER) and Siren (SIREN) demonstrating relative resilience.
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