Crypto Market Experiences Two-Day Decline, DePIN Sector Falls More Than 4%

KuCoinFlash

Release Time:01/16/2026 02:17:40

Summary

The crypto market declined for the second consecutive day, with the fear and greed index signaling caution. DePIN assets were hit hardest, falling 4.22% in 24 hours. Filecoin (FIL) and Golem (GLM) dropped 8.55% and 10.07%, respectively. Bitcoin (BTC) fell 0.74% to above $95,000, while Ethereum (ETH) declined 0.21% to near $3,300. CeFi, Layer1, and PayFi also experienced declines. The ssiGameFi, ssiDePIN, and ssiSocialFi indices dropped 4.53%, 4.26%, and 3.20%, respectively.

Odaily Planet News: According to SoSoValue data, the cryptocurrency market sectors have fallen for two consecutive days, with the DePIN sector leading the decline over the past 24 hours by 4.22%. Within the sector, Filecoin (FIL) dropped 8.55%, and Golem (GLM) fell 10.07%. Additionally, Bitcoin (BTC) declined by 0.74%, falling back below $95,000, while Ethereum (ETH) remained relatively stable, dropping only 0.21% and staying around $3,300.

In other sectors, the CeFi sector fell 0.37% in 24 hours, but NEXO (NEXO) rose 1.13%. The Layer1 sector declined by 1.32%, with TRON (TRX) surging 2.30% during the session. The PayFi sector dropped 2.11%, while Dash (DASH) bucked the trend and rose 3.50%. The Layer2 sector fell 2.52%, with Mantle (MNT) rising 0.99%. The DeFi sector declined by 2.59%, but River (RIVER) still surged significantly by 8.12%. The Meme sector dropped 2.93%, while MemeCore (M) rose 1.65%.

The encrypted sector index reflecting the historical performance of the sector shows that the ssiGameFi, ssiDePIN, and ssiSocialFi indices fell by 4.53%, 4.26%, and 3.20%, respectively.

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