SoSoDaily | July 2: Crypto Market Drops for Second Day, AI Sector Leads Decline with 4.48% Loss, BTC Falls to $105K

On July 2, according to SoSoValue data, the crypto market continued its decline for a second straight day. The AI sector led losses, dropping 4.48% in 24 hours. Bittensor ($TAO) and Worldcoin ($WLD) fell 3.98% and 4.05%, respectively, while KAITO remained relatively resilient, rising 1.11% against the trend. Bitcoin ($BTC) dropped 1.44%, continuing its correction to $105,000. Ethereum ($ETH) fell 3.14%, briefly dipping below $2,400.

In other sectors, the CeFi sector dropped 2.03%, with Hyperliquid (HYPE) down 6.33%. The PayFi sector fell 2.70%, led by a 7.49% drop in Telcoin (TEL). The Layer1 sector declined 3.05%, with Solana (SOL) and Cardano (ADA) down 4.15% and 4.73%, respectively. The Layer2 sector dropped 3.42%, with Optimism (OP) down 5.34%. The Meme sector fell 4.05%, as Fartcoin (FARTCOIN) and SPX6900 (SPX) declined 11.66% and 10.45%, respectively. The DeFi sector dropped 4.14%, with Uniswap (UNI) down 8.16%.

Crypto sector indices reflecting historical performance showed that the ssiDeFi, ssiAI, and ssiMeme indices fell 4.79%, 4.25%, and 4.05% in 24 hours, respectively.