According to SoSoValue data, the crypto market saw declines across the board, driven by factors such as a significant upward revision of US Q2 GDP to 3.8% and dampened expectations for interest rate cuts. Bitcoin (BTC) fell 2.63% in the 24-hour period, falling below $110,000. Meanwhile, Ethereum (ETH) plummeted 3.72%, briefly dipping to around $3,800. Furthermore, the DeFi sector led the decline, with a 4.98% drop. Within the sector, Aster (ASTER), which had previously seen significant gains, fell 21.05%. In other sectors, the Layer 2 sector fell 3.51%. Within the sector, Mantle (MNT) fell 4.08%, Optimism (OP) dropped 4.55%, and Linea (LINEA) fell 6.99%. The PayFi sector fell 4.06%, with XRP and Telcoin (TEL) falling 4.83% and 6.91%, respectively. The CeFi sector fell 4.37%, but OKB bucked the trend and rose 5.72%. The Meme sector fell 4.69%, with Pump.fun (PUMP) and MemeCore (M) falling 5.88% and 6.94%, respectively. The Layer 1 sector fell 4.69%, with Avalanche (AVAX) down 11.61%. The Crypto Sector Index, which reflects historical market trends, shows that the ssiNFT, ssiDePIN, and ssiCeFi indices fell 6.00%, 4.72%, and 4.62%, respectively.