The crypto market fell for two consecutive days, with the AI sector leading the decline by 4.48%, and BTC falling to $105,000
PANews reported on July 2 that according to SoSoValue data, the crypto market sector has been falling for two consecutive days, and the AI sector fell 4.48% in 24 hours. Among them, Bittensor (TAO) and Worldcoin (WLD) fell 3.98% and 4.05% respectively, but KAITO was relatively strong, rising 1.11% against the trend. In addition, Bitcoin (BTC) fell 1.44% in 24 hours and continued to fall back to $105,000. Ethereum (ETH) fell 3.14%, once falling below $2,400.
In other sectors, the CeFi sector fell 2.03%, Hyperliquid (HYPE) fell 6.33%; the PayFi sector fell 2.70%, Telcoin (TEL) fell 7.49%, the Layer1 sector fell 3.05%, Solana (SOL) and Cardano (ADA) fell 4.15% and 4.73% respectively; the Layer2 sector fell 3.42%, Optimism (OP) fell 5.34%, the Meme sector fell 4.05%, Fartcoin (FARTCOIN) fell 11.66%, and SPX6900 (SPX) fell again by 10.45%; the DeFi sector fell 4.14%, and Uniswap (UNI) fell 8.16%.
The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiDeFi, ssiAI, and ssiMeme indices fell 4.79%, 4.25%, and 4.05%, respectively, in 24 hours.
You May Also Like
Knocking Bitcoin's lack of yield shows your ‘Western financial privilege’
Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more
Vitalik Buterin Challenges Ethereum’s Layer 2 Paradigm
