The cryptocurrency market experienced a third consecutive day of declines, with Bitcoin (BTC) briefly falling below the $60,000 mark, down 3.36%. Ethereum (ETH) also saw a drop of 3.35%, trading around $1,600. The Meme sector was hit hardest, plunging 13.75% in 24 hours, with MemeCore (M) and Pump.fun (PUMP) down 67.51% and 10.90%, respectively.
The NFT sector fell 9.99%, notably with Audiera (BEAT) dropping 22.63% after a previous surge. Other sectors also faced declines: CeFi fell 2.33%, PayFi dropped 3.18%, and Layer 1 decreased by 3.07%. However, Gram (GRAM) gained 1.46%, and Optimism (OP) in the Layer 2 sector rose 3.83%. The DeFi sector was a bright spot, rising 1.69%, with significant gains from o1.exchange (O) at 35.42% and LAB (LAB) at 19.60%.
Crypto Market Declines for Third Day; Bitcoin Dips Below $60,000
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.