The crypto market fell for the second consecutive day, with Layer 2 stocks dropping more than 6% and BTC falling below $71,000 intraday.

According to SoSoValue data, the cryptocurrency market has declined for two consecutive days, with Layer 2 cryptocurrencies leading the decline, falling 6.09% in the last 24 hours. Mantle (MNT) fell 7.36%, while Optimism (OP) and zkSync (ZK) fell 7.73% and 8.19% respectively. Additionally, Bitcoin (BTC) fell 4.05%, briefly dipping below $71,000; Ethereum (ETH) fell 5.54%, dropping to around $2,200. In other sectors, the CeFi sector fell 2.58% in the last 24 hours, with Aster (ASTER) down 7.22%; the Layer 1 sector fell 3.22%, but Kaspa (KAS) bucked the trend, rising 9.07%; the PayFi sector fell 3.60%, with Dash (DASH) down 7.72%; the DeFi sector fell 3.94%, but River (RIVER) surged 15.32% intraday; the Meme sector fell 4.79%, while Siren (SIREN) remained relatively strong, rising sharply by 13.64%. Crypto sector indices reflecting historical sector performance show that the ssiLayer2, ssiAI, and ssiMeme indices fell 5.97%, 5.23%, and 4.92%, respectively.