Data: Crypto Market Suffers Major Setback, ETH Drops Over 10%, BTC Falls Below $104,000

According to ChainCatcher, citing SoSoValue data, the cryptocurrency market experienced a broad decline across all sectors due to multiple factors, including escalating tensions in the Middle East and Israel's attack on Iran. The overall drop ranged from approximately 3% to 13%. Ethereum (ETH) fell by 10.07% over the past 24 hours, dropping below $2,500, while Bitcoin (BTC) declined by 4.42%, falling below $104,000.

In other sectors, the CeFi sector dropped 3.63% in 24 hours, but LEO Token (LEO) remained relatively resilient, rising 1.30%. The PayFi sector fell 6.77%, with Keeta (KTA), which had previously seen significant gains, dropping 22.55%. The Layer1 sector declined 7.88%, with Cardano (ADA), Solana (SOL), and Sui (SUI) down 10.93%, 11.40%, and 12.64% respectively. The GameFi sector dropped 10.64%, but NEXPACE (NXPC) bucked the trend and rose 8.20% on rumors that Tencent is planning a $15 billion acquisition of Nexon, the developer of MapleStory. The Meme sector fell 11.71%, with Pepe (PEPE) and Fartcoin (FARTCOIN) down 14.55% and 18.62% respectively. The DeFi sector dropped 11.73%, and the Layer2 sector fell 13.02%.