The cryptocurrency market has experienced a decline for the third consecutive day, with the SocialFi sector leading the downturn, falling 4.65% in the past 24 hours. Toncoin (TON) saw a significant drop of 5.48%. Bitcoin (BTC) showed resilience, narrowing its decline to 0.88% and recovering to trade above $70,000 after briefly dipping below $69,000. Ethereum (ETH) fell 1.94%, breaking below the $2,200 mark. In contrast, the GameFi sector showed positive movement, rising 0.24%, driven by Axie Infinity (AXS), which increased by 3.84%. Other sectors faced declines, with the PayFi sector down 0.50%, despite eCash (XEC) rising 2.55%. The Meme sector fell 1.15%, although PIPPIN (PIPPIN) surged 12.38%. The Layer1 and Layer2 sectors dropped 1.31% and 1.43%, respectively, with Zcash (ZEC) and Celestia (TIA) experiencing notable declines. The CeFi and DeFi sectors also saw decreases, with OKB (OKB) down 3.15% and Morpho Token (MORPHO) rising 2.15%.
Crypto Market Declines for Third Day; Bitcoin Stabilizes Above $70,000
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