The cryptocurrency market experienced a general downturn, with Bitcoin (BTC) dropping 3.60% to fall below $71,000 and Ethereum (ETH) declining 0.92% to under $2,000. PayFi, XRP, and Stellar (XLM) also saw declines of 4.15%, 3.26%, and 11.45% respectively. However, the SocialFi sector defied the trend, rising 7.03% in the last 24 hours, driven by gains in Toncoin (TON) and Chiliz (CHZ), which rose 4.18% and 5.71% respectively. Other sectors showed mixed performance. The AI sector rose 3.13%, with Worldcoin (WLD) surging 18.53%. The DeFi sector increased by 2.98%, highlighted by LAB's significant 64.79% rise. Meanwhile, the Meme sector edged up 1.09%, with Siren (SIREN) gaining 15.38%. In contrast, Layer 1 and Layer 2 sectors fell, with NEAR Protocol (NEAR) and Optimism (OP) showing resilience, rising 14.22% and 2.88% respectively.