PANews reported on February 5th that, according to SoSoValue data, the entire cryptocurrency market declined, with 24-hour drops generally ranging from 2% to 6%. The CeFi sector led the decline at 6.05%, with Binance Coin (BNB) falling 7.90% and NEXO (NEXO) dropping 8.11%. Meanwhile, Bitcoin (BTC) fell 4.97%, briefly dipping below $72,000, and Ethereum (ETH) fell 4.66%, briefly falling below $2,100.

In other sectors, the DeFi sector fell 2.09% in the last 24 hours, but Hyperliquid (HYPE) rose 2.72% and River (RIVER) rose 13.69%; the Layer 2 sector fell 2.66%, while Zora (ZORA) remained relatively strong, rising 2.89%; the Meme sector fell 2.97%, while The White Whale (WHITEWHALE) bucked the trend, rising 28.42%; the Layer 1 sector fell 5.73%, with Solana (SOL) falling 6.76%; and the PayFi sector fell 5.89%, with XRP (XRP) falling 7.17%.