Major cryptocurrencies and sectors recorded sharp declines, with Ethereum falling below $4,100 and Bitcoin under $113,000 amid worsening market sentiment.
The cryptocurrency market turned sharply bearish, with most major sectors posting losses between 2% and 6% over the past 24 hours. Ethereum fell 4.79% to dip below $4,100, while Bitcoin declined 2.69% under $113,000. The PayFi sector, which had shown strength the previous day, slumped 5.65%, led by XRP (-5.52%) and Telcoin (-7.17%). Other sectors, including CeFi, Layer1, Layer2, and DeFi, also saw steep drops, though certain tokens like OKB (+5.76%) and Mantle (+5.51%) gained despite the market-wide downturn.