Crypto markets broadly declined over the past 24 hours, led by steep selloffs in Layer-2 tokens. Sector data from SoSoValue shows drops ranging between 2% and 7%, with Layer-2 names sliding 6.71%. Zora, Linea and Movement posted double-digit losses of 10.39%, 10.41% and 13.61% respectively. Bitcoin slipped 1.71% to below $87,000 and Ethereum fell 4.27% to roughly $2,800. Other sector moves included PayFi down 3.27%, DeFi down 5.65%, Meme tokens down 4.65% and Layer-1 down 3.78%. Meanwhile, 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.

Crypto markets broadly declined over the past 24 hours, led by steep selloffs in Layer-2 tokens. Sector data from SoSoValue shows drops ranging between 2% and 7%, with Layer-2 names sliding 6.71%. Zora, Linea and Movement posted double-digit losses of 10.39%, 10.41% and 13.61% respectively. Bitcoin slipped 1.71% to below $87,000 and Ethereum fell 4.27% to roughly $2,800. Other sector moves included PayFi down 3.27%, DeFi down 5.65%, Meme tokens down 4.65% and Layer-1 down 3.78%. Meanwhile, sector index declines were led by ssiAI (-8.39%), ssiDePIN (-7.14%) and ssiLayer2 (-7.06%).

But what else is happening in crypto news today? Follow our up-to-date live coverage below.

The post [LIVE] Crypto Market Update: Market Pullback Deepens: ETH Near $2.8K as Sector Indices Flash Steep Declines appeared first on Cryptonews.