The cryptocurrency market experienced a broad decline on July 17, with the DeFi sector notably dropping 5.08% in 24 hours, according to SoSoValue data. Hyperliquid (HYPE) led the losses with a 10.28% drop, while DeXe (DEXE) and Aave (AAVE) fell 4.83% and 6.12%, respectively. In contrast, Beldex (BDX) rose 6.61% against the trend.
Bitcoin (BTC) decreased by 1.79%, falling below $64,000, and Ethereum (ETH) dropped 3.53%, slipping under $1,900. Other sectors also saw declines: Layer2 fell 0.63%, though Mantle (MNT) gained 3.16%; CeFi dropped 0.94%, with Cronos (CRO) surging 8.68% intraday; PayFi fell 2.32%, with Zcash (ZEC) down 6.88%; Layer1 decreased 2.41%, with NEAR Protocol (NEAR) down 4.64%; and the Meme sector fell 2.57%, with Bonk (BONK) dropping 5.70%.
Crypto Market Declines, DeFi Sector Drops Over 5%
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