Crypto Market Slides as DePIN Leads Declines; $BTC Breaks Below $91,000
According to SoSoValue data, the crypto market experienced a broad correction over the past 24 hours, with nearly every major sector pulling back. The DePIN sector led the downturn, dropping 4.28%, driven by steep declines in Filecoin $FIL (-7.50%) and Render (RENDER) (-5.52%).
Bitcoin (BTC) fell 1.41%, sliding below $91,000, while Ethereum (ETH) dipped 1.02%, losing the $3,300 support level.
Other sector movements include:
CeFi: -1.00%, with Cronos (CRO) down 3.39%
Layer 2: -2.15%, though Mantle (MNT) gained 1.12%
DeFi: -2.35%, with Hyperliquid (HYPE) rising 2.95%
Layer 1: -2.54%, led lower by Zcash (ZEC), which tumbled 10.78% after earlier gains
PayFi: -2.92%, while Ultima (ULTIMA) jumped 6.63%
AI: -3.85%, but Pieverse (PIEVERSE) surged 28.38%
Meme: -3.88%, with $PIPPIN climbing another 6.67%
Overall, the market remains in a corrective phase, with isolated pockets of strength despite broad sector weakness.
