The entire crypto market declines, with the DeFi sector dropping nearly 9%.
Odaily reported on July 8 that, according to SoSoValue data, the crypto market experienced a broad downturn, with 24-hour declines generally ranging from 2% to 9%. The DeFi sector led the decline, down 8.77%. LAB (LAB) plummeted 67.70%, Hyperliquid (HYPE) dropped 4.30%, while EdgeX (EDGE) and Lido DAO (LDO) defied the trend, rising 29.12% and 11.01%, respectively.
In other sectors, CeFi declined 1.66% over 24 hours, with Cronos (CRO) down 3.91%. The Layer1 sector fell 2.22%, while Zcash (ZEC) surged 5.17% intraday. The PayFi sector dropped 2.30%, but Telcoin (TEL) remained relatively strong, rising 4.11%. The Meme sector was down 2.73%, but MemeCore (M) jumped 11.30%. Layer2 fell 3.02%, with Mantle (MNT) down 5.31%.
Crypto sector indices reflecting historical performance showed ssiSocialFi, ssiDePIN, and ssiAI indices down 9.26%, 6.50%, and 5.23%, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Dollar: Short-term upside capped as Fed pause looms – Commerzbank
Peter Brandt suggests that Monero may be brewing a major market move
Orbital systems developer Gravitics (GVTX.US) IPO priced at $14-17 per share, fundraising scale reduced by 60% to $50 million
Gravitics Holdings, which focuses on the development of large-scale space structures and orbital systems, is planning to issue 3.2 million shares at a price range of $14 to $17 each, aiming to raise $50 million.
Euro: Sideways consolidation inside defined band against US Dollar – UOB
Crypto prices
More
