Crypto Market Falls Broadly, PayFi Sector Down Nearly 5%, BTC Slips Below $74,000

Nov 11, 10:01

November 11 — According to SoSoValue data, crypto market sectors are trending broadly downward, with the PayFi sector showing weakness, down 4.86% over 24 hours. Among them, Zcash (ZEC) fell 12.42%, Dash (DASH) fell 6.37%, and XRP (XRP) fell 3.76%. Meanwhile, Bitcoin (BTC) fell 1.66%, dropping below $74,000; Ethereum (ETH) fell 3.09%, dropping below $2,100.

In other sectors, Layer2 fell 2.29% over 24 hours, with Mantle (MNT) down 5.26%; DeFi fell 2.25%, with Aave (AAVE) down 5.77%, while Lighter (LIT) bucked the trend with a 10.41% gain; Layer1 fell 2.02%, with Solana (SOL) down 3.53%; CeFi fell 1.18%, with NEXO (NEXO) down 2.34%.

In addition, SocialFi rose 6.91% over 24 hours, with Gram (GRAM) up 7.768%; Meme rose 0.14%, with Pepe (PEPE) up 7.21%.