Layer2 sector recorded a 6.71% loss, with Zora, Linea, and Movement down over 10%, as Bitcoin and Ethereum also weakened in a broad market downturn.
Crypto markets declined between 2% and 7% over the past 24 hours, with Layer2 tokens dropping 6.71%. Zora, Linea, and Movement each fell more than 10%, leading sector losses. Bitcoin slid 1.71% below $87,000, while Ethereum dropped 4.27% toward $2,800. Other sectors also saw declines: PayFi down 3.27%, CeFi down 3.68%, Layer1 down 3.78%, Meme coins down 4.65%, and DeFi down 5.65%.