The entire crypto market has declined, with the DeFi sector dropping more than 5%.

According to Odaily, on July 17, data from SoSoValue shows that the entire crypto market sector saw a decline, with the DeFi sector performing weakly, dropping 5.08% in the past 24 hours. Among them, Hyperliquid (HYPE) fell by 10.28%, DeXe (DEXE) and Aave (AAVE) fell by 4.83% and 6.12% respectively. However, Beldex (BDX) rose 6.61% against the trend.

Meanwhile, Bitcoin (BTC) fell 1.79%, dropping below $64,000; Ethereum (ETH) declined by 3.53%, falling below $1,900.

In other sectors, the Layer2 sector dropped 0.63% in 24 hours, but Mantle (MNT) rose 3.16%; the CeFi sector fell 0.94%, with Cronos (CRO) surging 8.68% intraday; the PayFi sector declined by 2.32%, Zcash (ZEC) dropped 6.88%; the Layer1 sector fell 2.41%, NEAR Protocol (NEAR) was down 4.64%; the Meme sector declined by 2.57%, with Bonk (BONK) falling 5.70%.

The crypto sector indices reflecting historical market performance show that the ssiDeFi, ssiSocialFi, and ssiAI indices dropped by 5.97%, 4.24%, and 3.56% respectively.