The cryptocurrency market continues its downward trend across most sectors, according to the latest data from SoSoValue on February 9. Investors witness broad selling pressure, yet Bitcoin stands out with resilient gains.
Meme Sector Takes the Hardest Hit
Meme coins lead the decline, falling 5.01% over the past 24 hours. Previously high-flying tokens feel the sharpest pain. MemeCore (M) plunges 29.56%, erasing recent gains. In contrast, select projects show strength. BUILDon (B) rises 11.24%, and PIPPIN (PIPPIN) surges an impressive 39.36%. These outliers highlight selective buying amid broader sector weakness.
Bitcoin Bucks the Trend While Ethereum Holds Key Level
Ethereum (ETH) edges lower by 1.67% but manages to stay above the psychologically important $2,000 mark. Meanwhile, Bitcoin (BTC) demonstrates remarkable resilience. The leading cryptocurrency climbs 1.13% and successfully breaks through the $70,000 barrier. This performance reinforces Bitcoin’s role as a relative safe haven during market corrections.
Other Sectors Show Mixed Results
Several key sectors post modest losses. PayFi declines 0.82%, though Telcoin (TEL) gains 1.82%. DeFi dips 0.85%, lifted slightly by Hyperliquid (HYPE) which rallies 3.26% intraday. CeFi falls 0.94%, but Aster (ASTER) bucks the trend with an 8.19% jump.
Layer1 experiences a steeper drop of 1.87%, yet Kaspa (KAS) counters with a 6.03% increase. Layer2 records a 1.91% decline, dragged lower by Stacks (STX) down 3.20%.
Layer1 experiences a steeper drop of 1.87%, yet Kaspa (KAS) counters with a 6.03% increase. Layer2 records a 1.91% decline, dragged lower by Stacks (STX) down 3.20%.
