Crypto Market Declines for Third Consecutive Day as ETH Drops 10% and BTC Falls Below $80K

In Brief

Bitcoin (BTC) dropped 4.17%, briefly hitting $76,000, while Ethereum (ETH) plunged over 10%, falling below $1,800.

Altcoins and various sectors also suffered losses, with the Trump PolitiFi Tokens sector down 10.57%.

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The crypto market continued its decline for a third consecutive day, with losses ranging from 2% to 10% across different sectors, according to SoSoValue data.

Ethereum (ETH) experienced a sharp 10.03% drop, briefly falling below $1,800, while Bitcoin (BTC) declined 4.17%, touching a low of $76,000 before rebounding slightly.

Other major tokens also suffered significant losses:

• Dogecoin (DOGE) fell 10.23%
• Chainlink (LINK) dropped 10.71%
• The Trump PolitiFi Tokens sector plunged 10.57%

Market-wide declines were seen in various sectors:

• CeFi sector fell 4.43%, with LEO Token (LEO) showing resilience, rising 1.60%.
• Layer2 sector dropped 6.11%, but Mantle (MNT) and Movement (MOVE) gained 1.52% and 8.27%, respectively.
• Layer1 sector fell 6.17%, while PayFi dropped 7.11%, despite Ultima (ULTIMA) surging 11.72%.
• DeFi and Meme sectors saw steep losses, falling 8.32% and 9.19%, respectively.

The market continues to be under pressure, with investor sentiment remaining cautious amid growing concerns over macroeconomic conditions and regulatory uncertainty.

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