SoSoValue data showed broad weakness across the crypto market on July 14, though Beldex, Velvet, Polygon, NEAR Protocol and eCash were among the gainers as several sector indices fell.
Crypto market sectors broadly moved lower on July 14, with the DeFi sector down 3.28% amid wider weakness in major tokens and market gauges. SoSoValue data showed Bitcoin (BTC) falling 1.71% to below $63,000 and Ethereum (ETH) dropping 1.48% to below $1,800, underscoring a risk-off move across the market. Beldex (BDX), Velvet (VELVET), Polygon (POL), NEAR Protocol (NEAR) and eCash (XEC) were among the gainers, but sector sentiment remained weak as the ssiDePIN, ssiAI and ssiDeFi indices fell 3.68%, 3.60% and 3.46%, respectively.