Crypto markets posted broad-based declines on July 17, according to SoSoValue, with the DeFi sector leading losses among major categories. The sector fell 5.08% over the past 24 hours, as Hyperliquid (HYPE) dropped 10.28%, DeXe (DEXE) lost 4.83%, and Aave (AAVE) fell 6.12%. Beldex (BDX) was an outlier, rising 6.61% during the same period.
Among large-cap assets, Bitcoin (BTC) declined 1.79% and fell below $64,000, while Ethereum (ETH) dropped 3.53% and slipped under $1,900. Other segments of the market also moved lower. Layer2 fell 0.63%, though Mantle (MNT) gained 3.16%. CeFi was down 0.94%, with Cronos (CRO) rising 8.68% intraday.
PayFi lost 2.32%, with Zcash (ZEC) down 6.88%. Layer1 fell 2.41%, led by a 4.64% decline in NEAR Protocol (NEAR). The Meme sector dropped 2.57%, while Bonk (BONK) fell 5.70%. Sector indices tracking historical performance also weakened, with ssiDeFi, ssiSocialFi, and ssiAI down 5.97%, 4.24%, and 3.56%, respectively.
Crypto market sectors were broadly lower on July 17, according to SoSoValue, with DeFi posting the weakest performance among the major categories tracked over the past 24 hours.
The DeFi sector fell 5.08%. Within the segment, Hyperliquid (HYPE) dropped 10.28%, DeXe (DEXE) lost 4.83%, and Aave (AAVE) declined 6.12%. Beldex (BDX) moved against the broader trend and rose 6.61%.
Among the two largest cryptocurrencies, Bitcoin (BTC) fell 1.79% and slipped below $64,000. Ethereum (ETH) was down 3.53% and fell below $1,900.
Other sectors also moved lower
Outside DeFi, Layer2 fell 0.63% in the past 24 hours, although Mantle (MNT) gained 3.16%. The CeFi sector declined 0.94%, while Cronos (CRO) recorded an intraday rise of 8.68%.
PayFi dropped 2.32%, with Zcash (ZEC) down 6.88%. Layer1 fell 2.41%, and NEAR Protocol (NEAR) lost 4.64%. The Meme sector was down 2.57%, with Bonk (BONK) falling 5.70%.
Sector indices weakened as well
Indices tracking historical performance across crypto sectors also turned lower. ssiDeFi fell 5.97%, ssiSocialFi dropped 4.24%, and ssiAI declined 3.56%.
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