Cryptocurrency stocks fell across the board, with Layer 2 crypto leading the decline at nearly 7%, and BTC dropping below $87,000.

According to SoSoValue data, most sectors in the crypto market declined, with 24-hour drops generally ranging from 2% to 7%. The Layer 2 sector fell 6.71%, with Zora (ZORA), Linea (LINEA), and Movement (MOVE) falling 10.39%, 10.41%, and 13.61% respectively. Additionally, Bitcoin (BTC) fell 1.71%, dropping below $87,000; Ethereum (ETH) fell 4.27%, reaching around $2,800. In other sectors, the PayFi sector fell 3.27% in the last 24 hours, with Ultima (ULTIMA) down 11.88%; the CeFi sector fell 3.68%, but Canton Network (CC) bucked the trend, rising 8.54%; the Layer 1 sector fell 3.78%, with Zcash (ZEC) down 7.36%; the Meme sector fell 4.65%, with MemeCore (M) and PIPPIN (PIPPIN) rising 3.14% and 16.61% respectively; and the DeFi sector fell 5.65%, with Hyperliquid (HYPE) down 7.91%. Crypto sector indices reflecting historical sector performance show that the ssiAI, ssiDePIN, and ssiLayer2 indices fell 8.39%, 7.14%, and 7.06% respectively.