ChainCatcher reports that according to SoSoValue data, the entire crypto market sector has experienced a correction, with 24-hour declines generally around 2% to 9%. The GameFi sector led the decline with an 8.58% drop over the past 24 hours. Within the sector, ImmutableX (IMX) fell 10.76%, The Sandbox (SAND) and GALA declined 11.18% and 12.76% respectively. Additionally, Bitcoin (BTC) dropped 2.89%, falling below $93,000; Ethereum (ETH) decreased 3.18%, dropping below $3,200.
In other sectors, the CeFi sector declined 2.71% over 24 hours, with Aster (ASTER) down 9.94%. The PayFi sector fell 4.20%, but Dash (DASH) rose counter to the trend by 10.32%. The Layer1 sector declined 4.80%, with Sui (SUI) down 11.04%. The DeFi sector decreased 5.97%, with Frax (FRAX) rising 31.97%. The Layer2 sector fell 6.70%, but the previously surging River (RIVER) rebounded 26.40%. The Meme sector declined 7.30%, while MemeCore (M) increased 1.78%.
Reflecting the historical performance of the sector, the crypto sector indices for ssiNFT, ssiDePIN, and ssiGameFi declined 9.11%, 8.97%, and 8.84% respectively.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Contract whale pension-usdt.eth reduces Bitcoin short positions, decreasing from 1000 to 900 coins.
Gate News Report, March 7th, according to Hyperinsight monitoring, the contract whale pension-usdt.eth is reducing its Bitcoin short positions. The address originally held 1000 Bitcoin short positions and has now reduced to 900, with the closing operations still ongoing.
GateNews1h ago
Hidden "Death Spiral" Risk! Ethereum and Bitmine targeted by short-selling institutions
Ethereum is about to undergo a major upgrade, and the market is highly focused on it. However, short-selling firm Culper Research believes that the Ethereum economic model is failing and warns of a potential "death spiral." They point out that a significant drop in transaction fees and shrinking staking rewards will impact network security. The report also mentions Vitalik Buterin selling Ethereum and questions the market fundamentals, suggesting that Ethereum is facing a new reality.
区块客2h ago
Ethereum spot ETF experienced a net outflow of $82,851,900 yesterday, with all nine ETFs showing no net inflow.
On March 6th, Ethereum spot ETFs experienced a total net outflow of $82.8519 million, with all nine ETFs showing no net inflow. Fidelity FETH outflowed $67.5669 million, with a historical outflow reaching $218 million. Grayscale ETH Mini Trust outflowed $5.9979 million, with a total net asset value of $11.283 billion.
GateNews3h ago
Whale address 0x65b4 bought 6,228 ETH 10 hours ago at an average price of $2,007.
Gate News Report, March 7 — According to on-chain data analyst Yu Yan monitoring, whale address 0x65b4 bought ETH 10 hours ago, spending 12.5 million USDC to acquire 6,228 ETH, with an average price of $2,007. This address previously spent 32.58 million USDC to buy ETH and BTC after the market declined on October 11 last year, then sold in November, incurring a loss of $830,000.
GateNews5h ago
Price Predictions 3/6: BTC,ETH,BNB,XRP,SOL,DOGE,ADA,BCH,HYPE,XMR
Bitcoin (CRYPTO: BTC) faced a renewed test after a brief relief rally, sliding back below the $68,500 mark as sellers reasserted control. The move comes after the asset briefly flirted with the $74,000 threshold, a level that previously functioned as a ceiling during the latest ascent. Traders now e
CryptoBreaking6h ago
