Data: The crypto market saw a broad decline, with the Layer2 sector leading the drop by 3.59%, and BTC briefly falling below $88,000.

ChainCatcher News, according to SoSoValue data, the entire crypto market has declined, with the Layer2 sector leading the drop by 3.59%. Celestia (TIA) fell by 4.83%, Mantle (MNT) dropped by 5.67%, but Movement (MOVE) bucked the trend and rose by 8.16%.

In addition, Bitcoin (BTC) fell by 1.36%, once dropping below $88,000, but has now rebounded above $89,000. Ethereum (ETH) declined by 0.31%, falling to $3,000 before rebounding above $3,100.

In other sectors, the Layer1 sector fell by 1.25% over 24 hours, but TRON (TRX) rose by 2.38%. The CeFi sector dropped by 1.37% in 24 hours, with Canton Network (CC) relatively resilient, up by 1.64%. The PayFi sector fell by 1.52%, with Trust Wallet (TWT) surging by 1.84% during trading. The Meme sector dropped by 2.00%, with PIPPIN (PIPPIN) up by 2.21%. The DeFi sector fell by 2.39%, while MYX Finance (MYX) bucked the trend and rose by 3.67%.

The crypto sector indices reflecting historical sector performance show that the ssiLayer1, ssiCeFi, and ssiLayer2 indices fell by 0.75%, 1.33%, and 3.93% respectively.