On Aug. 11, crypto markets underwent a broad sector-wide correction, pulling Bitcoin and Ethereum below key thresholds, according to SoSoValue data reported by Odaily Planet Daily. The NFT sector suffered the steepest decline, falling 25.62% in 24 hours, with Audiera (BEAT) plunging 55.02%. Bitcoin (BTC) dropped 1.85% to slip below $65,000, while Ethereum (ETH) lost 2.44% to trade under $1,900. DeFi and Layer2 were the only sectors to hold firm, gaining 1.11% and 2.01% respectively. In the DeFi segment, Hyperliquid (HYPE) rose 1.76% and Ethena (ENA) climbed 3.56%; in Layer2, Arbitrum (ARB) advanced 3.44% and Mantle (MNT) added 5.48%. Other sectors were mostly in the red: Layer1 fell 0.54% with Cardano (ADA) down 3.19%; CeFi slipped 0.63% while Bitget Token (BGB) rose 1.65%; PayFi dropped 1.53% with Telcoin (TEL) down 6.77%; and the Meme sector lost 1.98%, although Pump.fun (PUMP) posted a counter-trend gain of 4.74%. Historical sector indices were firmer, with ssiLayer2, ssiDeFi and ssiGameFi up 2.43%, 1.22% and 0.07% respectively.
Crypto markets mostly moved lower on Aug. 11, and NFTs got hit hardest in the selloff, according to SoSoValue data cited by Odaily Planet Daily. The NFT segment sank 25.62% over 24 hours, while Audiera (BEAT) collapsed 55.02%.
Bitcoin (BTC) slid 1.85%, slipping below $65,000, while Ethereum (ETH) gave up 2.44% and fell under $1,900.
But it wasn’t all red. DeFi and Layer2 held up better than the rest, up 1.11% and 2.01%, respectively. In DeFi, Hyperliquid (HYPE) gained 1.76% and Ethena (ENA) tacked on 3.56%. Over in Layer2, Arbitrum (ARB) climbed 3.44% and Mantle (MNT) jumped 5.48%.
Elsewhere, Layer1 slipped 0.54%, and Cardano (ADA) fell 3.19%. CeFi eased 0.63%, though Bitget Token (BGB) went the other way with a 1.65% gain. PayFi lost 1.53% as Telcoin (TEL) dropped 6.77%. The Meme sector fell 1.98%, yet Pump.fun (PUMP) still managed a 4.74% rise against the trend.
And sector indices tied to historical performance ended higher too: ssiLayer2 rose 2.43%, ssiDeFi added 1.22%, and ssiGameFi inched up 0.07%.
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