The cryptocurrency market continued its downward trend for the third consecutive day on October 17, with significant losses across all sectors. The Decentralized Physical Infrastructure Networks (DePIN) sector led the decline, dropping 7.18%. Notable cryptocurrencies such as Filecoin (FIL) and Render (RENDER) saw declines of 7.58% and 7.05%, respectively.
Bitcoin (BTC) fell by 2.19%, slipping below the $109,000 mark, while Ethereum (ETH) decreased by 2.14% to under $4,000. Other sectors also experienced losses, including PayFi, which fell 3.03%, CeFi down 3.08%, Layer1 dropping 3.71%, and DeFi declining 3.81%.
Crypto Market Declines for Third Day, DePIN Sector Down 7%
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