Bitcoin fell 1.50% below $62,000 and Ethereum lost 1.65% below $1,700, while Hyperliquid and LAB led declines in decentralized finance, according to SoSoValue data.
Crypto sector performance was broadly weaker over the past 24 hours, with decentralized finance, or DeFi (blockchain-based financial services), posting the sharpest notable decline in the SoSoValue data. The DeFi sector fell 5.08%, pressured by losses in Hyperliquid (HYPE), down 8.86%, and LAB (LAB), down 25.19%. Bitcoin slipped 1.50% to below $62,000, while Ethereum fell 1.65% to below $1,700. The NFT sector was the main area of strength, rising 4.57% as Audiera (BEAT) gained 9.51%.