The cryptocurrency market is experiencing a widespread decline, with BTC falling below $70,000 and ETH dropping over 4%

According to SoSoValue data, the cryptocurrency market sector has once again shown a general decline after a brief rebound. Bitcoin (BTC) fell by 1.93% in 24 hours, dropping below $70,000, while Ethereum (ETH) decreased by 4.51%, falling to the $2,000 mark.

Meanwhile, DeFi dropped by 3.81%, but River (RIVER) has risen for two consecutive days, increasing by 29.23% in 24 hours. In other sectors, the PayFi sector fell by 2.12%, with Monero (XMR) relatively strong, rising by 1.93%; the CeFi sector decreased by 2.46%, but Aster (ASTER) rose by 6.35%; the Layer2 sector dropped by 2.72%, with Starknet (STRK) down by 4.93%; the Layer1 sector fell by 2.95%, while Canton Network (CC) gained 0.58% during the day; the Meme sector decreased by 2.96%, with PIPPIN (PIPPIN) significantly rising by 33.18%. The cryptocurrency sector index reflecting historical market trends shows that the ssiMeme, ssiLayer1, and ssiDePIN indices fell by 4%, 3.88%, and 3.29%, respectively.