The cryptocurrency market experienced a broad decline, with the DeFi sector leading the downturn, falling 3.28%, according to SoSoValue data. Notable declines included Hyperliquid (HYPE) down 5.59% and DeXe (DEXE) down 10.93%. However, Beldex (BDX) and Velvet (VELVET) defied the trend, rising 16.24% and 18.46%, respectively.
Bitcoin (BTC) decreased by 1.71%, slipping below $63,000, while Ethereum (ETH) fell 1.48%, dropping under $1,800. Other sectors also saw declines: Layer2 fell 0.12%, with Polygon (POL) up 2.67%; CeFi dropped 1.21%, with Cronos (CRO) down 2.64%; Meme sector fell 1.76%, with SPX6900 (SPX) down 8.38%; Layer1 fell 2.20%, though NEAR Protocol (NEAR) rose 2.94% intraday; and PayFi fell 2.36%, with eCash (XEC) rising 17.48%.
Crypto Market Declines as DeFi Sector Drops Over 3%
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