Crypto Market Sectors Fall, DeFi Drops 5.08% as Bitcoin and Ethereum Decline

On July 17, SoSoValue data showed that the crypto market fell across all sectors, with DeFi among the weakest performers, down 5.08% over 24 hours. Hyperliquid (HYPE) fell 10.28%, while DeXe (DEXE) and Aave (AAVE) dropped 4.83% and 6.12%, respectively. Beldex (BDX) rose 6.61% against the broader decline. According to Odaily, Bitcoin (BTC) fell 1.79% and dropped below $64,000, while Ethereum (ETH) declined 3.53% and fell below $1,900. Among other sectors, Layer2 fell 0.63% in the past 24 hours, although Mantle (MNT) rose 3.16%. CeFi declined 0.94%, while Cronos (CRO) climbed 8.68% intraday. PayFi fell 2.32%, with Zcash (ZEC) down 6.88%; Layer1 declined 2.41%, with NEAR Protocol (NEAR) losing 4.64%; and Meme fell 2.57%, with Bonk (BONK) down 5.70%. Crypto sector indices tracking historical performance showed that ssiDeFi, ssiSocialFi and ssiAI fell 5.97%, 4.24% and 3.56%, respectively.