PANews reported on July 8 that, according to SoSoValue data, the cryptocurrency market sectors generally experienced a correction after a continuous rise, with the SocialFi sector falling by 4.02% in the last 24 hours, where Toncoin (TON) dropped by 4.21% and Chiliz (CHZ) fell by 3.48%. Additionally, Bitcoin (BTC) decreased by 1.40%, but at one point, it broke through $109,000 and has now retreated to around $107,000. Ethereum (ETH) fell by 1.69%, correcting to around $2,500.
In other sectors, the PayFi sector fell 0.86% in the last 24 hours, with Monero (XMR) and Telcoin (TEL) decreasing by 3.01% and 3.32%, respectively; the CeFi sector declined by 1.00%, with Hyperliquid (HYPE) dropping by 5.07%; the Layer1 sector fell by 1.66%, within which Sui (SUI) and Avalanche (AVAX) decreased by 3.04% and 3.52%, respectively; the DeFi sector dropped by 2.07%, with Aave (AAVE) and Ondo Finance (ONDO) falling by 3.05% and 3.20%, respectively; the Layer2 sector declined by 2.58%, with Celestia (TIA) falling by 5.28%; the Meme sector decreased by 3.44%, with SPX6900 (SPX) and Fartcoin (FARTCOIN) dropping by 8.32% and 8.63%, respectively.
