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 extended losses over the past 24 hours, sliding nearly 3% as selling pressure intensified across major sectors. Bitcoin (BTC) fell 2.89% to below $93,000, while Ethereum (ETH) dropped 3.18%, slipping under $3,200. GameFi led the downturn with an 8.58% decline, as ImmutableX (IMX), The Sandbox (SAND), and GALA posted double-digit losses. Layer 1 and Layer 2 sectors also weakened sharply, down 4.8% and 6.7%, respectively. Despite the broad risk-off move, pockets of strength emerged, with Frax (FRAX) and select Solana meme tokens posting outsized gains. Sector indices reflected the pressure, with ssiNFT, ssiDePIN, and ssiGameFi all falling close to 9%.
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