Crypto markets moved lower across nearly every major sector on Oct. 9, according to SoSoValue data, with most 24-hour losses ranging from about 2% to 6%. The AI segment posted a 5.09% decline, making it one of the weaker areas of the market. Within that group, Bittensor (TAO) fell 7.27%, Virtuals Protocol (VIRTUAL) dropped 8.34%, and Venice Token (VVV) lost 10.24%, while SoSoValue (SOSO) moved against the broader trend and gained 13.11%.
Among large-cap assets, Bitcoin (BTC) was down 1.55% and slipped below $81,000 during intraday trading. Ethereum (ETH) fell 3.88% and dropped under $2,500. Other sectors also posted losses, including Layer2, PayFi, DeFi, CeFi, Meme, and Layer1, though Starknet (STRK) rose 21.98% in the Layer2 category and 币安人生 climbed 7.15% intraday in the Meme segment. Sector indexes tracking historical market performance also weakened, with ssiAI, ssiMeme, and ssiNFT down 7.15%, 5.41%, and 4.89%, respectively.
Crypto sectors fell across the board on Oct. 9, with most 24-hour losses coming in at roughly 2% to 6%, according to SoSoValue data.
AI tokens led the decline
The AI segment dropped 5.09% over the past 24 hours. Within the group, Bittensor (TAO) fell 7.27%, Virtuals Protocol (VIRTUAL) lost 8.34%, and Venice Token (VVV) declined 10.24%. SoSoValue (SOSO) bucked the trend and rose 13.11%.
BTC dipped below $81,000, ETH fell under $2,500
Among major cryptocurrencies, Bitcoin (BTC) was down 1.55% and fell below $81,000 during intraday trading. Ethereum (ETH) dropped 3.88% and moved below $2,500.
Losses spread across other sectors
The Layer2 segment fell 1.47% over 24 hours, although Starknet (STRK) rose 21.98%. The PayFi segment lost 3.90%, with Zcash (ZEC) down 9.71%. DeFi fell 3.97%, and Uniswap (UNI) dropped 7.94%. CeFi declined 4.23%, while OKB lost 5.93%. The Meme segment fell 4.58%, though 币安人生 held up relatively well and rose 7.15% intraday. Layer1 dropped 4.96%, with NEAR Protocol (NEAR) down 12.46%.
Sector indexes also moved lower
Crypto sector indexes tracking historical market performance also declined. The ssiAI, ssiMeme, and ssiNFT indexes fell 7.15%, 5.41%, and 4.89%, respectively.
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