The cryptocurrency market is undergoing a notable correction, with the DeFAI and AI Agents sectors experiencing the sharpest declines, according to a recent report by Odaily. Both Bitcoin (BTC) and Ethereum (ETH) have dipped below their monthly averages, indicating a bearish trend across the board.
Sector-Specific Performance
DeFAI Sector: This sector witnessed a significant drop of 10.32% over the last 24 hours. Notable cryptocurrencies within this sector such as GRIFFAIN, ORBIT (GRIFT), and Hive AI (BUZZ) recorded declines of 7.73%, 22.44%, and 20.26%, respectively.
AI Agents Sector: Fell by 8.69% in the same period, with Virtuals Protocol (VIRTUAL) decreasing by 6.80%, Fartcoin (FARTCOIN) by 16.01%, and prominent AI tokens like ai16z (AI16Z), AIXBT, and ACT dropping by 15.42%, 6.30%, and 3.74%, respectively.
Other Notable Sector Movements
Centralized Finance (CeFi): Dropped by 5.09%.
Layer 1 Networks: Solana (SOL) and Cardano (ADA) saw decreases of 5.09% and 6.86%.
Decentralized Finance (DeFi): Decreased by 5.66%.
Layer 2 Solutions: Experienced a reduction of 5.89%.
Meme Sector: Continued its downward trend with Dogecoin (DOGE) falling by 7.25%, Pepe (PEPE) by 5.69%, and OFFICIAL TRUMP (TRUMP) by 8.14%. However, Pudgy Penguins (PENGU) went against the grain, rising by 4.87%.
Payment and Finance (PayFi): Suffered a 9.48% fall, with XRP down 7.73% and Stellar (XLM) declining by 6%.
