PANews reported on February 2nd that, according to SoSoValue data, the cryptocurrency market continued its downward trend, although the decline narrowed somewhat. Ethereum (ETH) fell 6.15% in the last 24 hours, breaking below $2300. Bitcoin (BTC) fell 1.21%, breaking below $78,000. Only the SocialFi sector remained relatively resilient, rising 0.58%. Within the sector, Toncoin (TON) rose 0.52%, and Chiliz (CHZ) rose 4.02%.

In other sectors, the Layer 2 sector fell 1.36% in the last 24 hours, but zkSync (ZK) surged 13.62% and Zora (ZORA) rose 4.73%; the Meme sector fell 0.12%, with MemeCore (M) remaining relatively strong, rising 4.79%; the Layer 1 sector fell 1.77%, with Canton Network (CC) rising 4.73% intraday; the DeFi sector fell 1.93%, with MYX Finance (MYX) bucking the trend and rising 14.41%; the CeFi sector fell 2.24%, with Binance Coin (BNB) falling 2.49%; and the PayFi sector fell 2.92%, with Ultima (ULTIMA) surging 19.93%.

The crypto sector indices, which reflect the historical performance of the sector, show that the ssiSocialFi, ssiMeme, and ssiRWA indices rose by 1.20%, 1.14%, and 0.17%, respectively.