Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Crypto markets broadly declined over the past 24 hours, led by steep selloffs in Layer-2 tokens. Sector data from SoSoValue shows drops ranging between 2% and 7%, with Layer-2 names sliding 6.71%. Zora, Linea and Movement posted double-digit losses of 10.39%, 10.41% and 13.61% respectively. Bitcoin slipped 1.71% to below $87,000 and Ethereum fell 4.27% to roughly $2,800. Other sector moves included PayFi down 3.27%, DeFi down 5.65%, Meme tokens down 4.65% and Layer-1 down 3.78%. Meanwhile, sector index declines were led by ssiAI (-8.39%), ssiDePIN (-7.14%) and ssiLayer2 (-7.06%).
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