NFT sector tumbles 25.62% as Bitcoin falls below $65,000

Crypto market sectors broadly retreated over the past 24 hours, with the NFT segment posting the steepest decline at 25.62%. Audiera (BEAT) led losses in that category, dropping 55.02%. Bitcoin fell 1.85% to below $65,000, while Ethereum lost 2.44% and slipped under $1,900. Against the wider weakness, DeFi (decentralized finance) and Layer 2 (scaling networks built on top of blockchains) were the only sectors to remain relatively resilient, rising 1.11% and 2.01%, respectively. Within DeFi, Hyperliquid (HYPE) gained 1.76% and Ethena (ENA) rose 3.56%, while in Layer 2, Arbitrum (ARB) climbed 3.44% and Mantle (MNT) advanced 5.48%, according to SoSoValue data cited by PANews on Aug. 11.

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