The cryptocurrency market experienced a broad decline, with the GameFi sector leading the downturn, dropping 4.90% in the past 24 hours, according to SoSoValue data. Notable declines within the sector included The Sandbox (SAND) falling 8.85% and Axie Infinity (AXS) plummeting 18.23%. However, Beam (BEAM) defied the trend, rising 19.02%.
Bitcoin (BTC) decreased by 1.84%, slipping below the $88,000 mark, while Ethereum (ETH) fell 2.34%, breaking below $2,900. Other sectors also faced declines, with the CeFi sector down 1.55% and the PayFi sector dropping 2.03%. The Meme sector fell 2.10%, and the Layer1 sector decreased by 2.25%, although TRON (TRX) managed a slight gain of 0.34%. The DeFi sector saw a 3.10% decline, despite River (RIVER) surging 30.71%. The Layer2 sector dropped 4.63%, with Movement (MOVE) rising 2.38%.
GameFi Sector Leads Crypto Market Decline as Bitcoin Dips Below $88,000
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.
