Crypto market retreats as Bitcoin falls 2.15% below $77,000

  • Cryptocurrency markets declined broadly amid escalating U.S.-Iran tensions and rising Treasury yields.
  • Bitcoin fell 2.15% below $77,000, while Ethereum dropped 2.99% below $2,400.
  • Meme tokens posted the steepest major-sector loss, declining 3.18% over 24 hours.

The cryptocurrency market declined broadly over the past 24 hours as escalating U.S.-Iran tensions and rising U.S. Treasury yields weighed on risk assets. The Meme sector suffered the sharpest loss among major segments, falling 3.18%, led by declines in Pump.fun (PUMP) and OFFICIAL TRUMP (TRUMP). Bitcoin fell 2.15% to below $77,000, while Ethereum dropped 2.99% to below $2,400. DeFi (decentralized finance) slipped 0.82% despite Uniswap (UNI) gaining 11.16%, and CeFi (centralized finance) declined 1.62% as Cronos (CRO) lost 3.98%. Layer 1 networks fell 2.82%, with Canton Network (CC) down 7.63%, while Layer 2 networks declined 2.92%, led by a 1.34% drop in Arbitrum (ARB). PayFi fell 3.18% as Zcash (ZEC) declined 2.93%. Real-world asset tokens were described as relatively resilient, while Robinhood Chain ecosystem tokens Pons (PONS) and Cash Cat (CASHCAT) rose 0.96% and 2.83%, respectively.

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