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[LIVE] Cryptocurrency Market Update: Market Retreat Intensifies: ETH Approaches $2.8K as Sector Indices Show Significant Decreases
Cryptocurrency markets experienced a general downturn over the last 24 hours, primarily driven by significant sell-offs in Layer-2 tokens. Data from SoSoValue indicates declines ranging from 2% to 7%, with Layer-2 assets decreasing by 6.71%. Zora, Linea, and Movement recorded substantial losses of 10.39%, 10.41%, and 13.61% respectively. Bitcoin decreased by 1.71%, falling below $87,000, while Ethereum dropped by 4.27%, approaching approximately $2,800. Other sector movements included PayFi declining by 3.27%, DeFi down by 5.65%, Meme tokens down by 4.65%, and Layer-1 down by 3.78%. Additionally, sector index declines were led by ssiAI (-8.39%), ssiDePIN (-7.14%), and ssiLayer2 (-7.06%).
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The post [LIVE] Crypto Market Update: Market Pullback Deepens: ETH Near $2.8K as Sector Indices Flash Steep Declines appeared first on Cryptonews.
