PANews reported on December 16th that, according to SoSoValue data, the cryptocurrency market generally declined, with 24-hour drops typically ranging from 2% to 5%. The DePIN sector led the decline at 5.8%, with Filecoin (FIL) falling 6.29% and Render (RENDER) dropping 7.07%. Additionally, Bitcoin (BTC) fell 3.19%, breaking below $86,000, while Ethereum (ETH) fell 4.11%, breaking below $3,000.

In other sectors, the CeFi sector fell 3.02% in the last 24 hours, with Aster (ASTER) down 15.82%; the Layer 1 sector fell 3.34%, with Sui (SUI) down 8.35%; the Layer 2 sector fell 4.03% in the last 24 hours, with SOON (SOON) down 11.09%; the Meme sector fell 4.31%, while PIPPIN (PIPPIN) bucked the trend and rose 25.96%; the PayFi sector fell 4.81%, with Telcoin (TEL) down 8.85%; and the DeFi sector fell 4.93%, but MYX Finance (MYX) surged 9.96% intraday.