Rewards Hub The cryptocurrency market experienced a significant downturn, with Bitcoin (BTC) dropping 10.10%, briefly falling below $60,000 before rebounding to over $65,000. Ethereum (ETH) also fell 10.08%, hitting a low of $1,700 before recovering to around $1,900.
The PayFi sector led the decline, plummeting nearly 14%, with XRP and Litecoin (LTC) falling 12.58% and 13.87% respectively, while Monero (XMR) saw a larger drop of 20.28%. The DeFi sector decreased by 8.05%, though MYX Finance (MYX) and Hyperliquid (HYPE) bucked the trend, rising 9.68% and 6.07%. Layer1 and CeFi sectors fell 10.61% and 11.06% respectively, with Zcash (ZEC) and OKB dropping 16.20% and 12.35%. The Meme sector declined 12.87%, although MemeCore (M) rose 2.78%. Layer2 saw a 13.59% drop, with zkSync (ZK) briefly gaining 4.90%.
Crypto Market Plummets as PayFi Sector Leads Decline with 14% Drop
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