Data: Broad Decline in Crypto Markets as BTC Falls to $113,000 and ETH Drops 2.43%

According to ChainCatcher, citing SoSoValue data, the US July ISM Non-Manufacturing PMI came in below expectations, raising concerns about stagflation and prompting a broad pullback across various sectors of the crypto market. Bitcoin (BTC) fell by 0.76%, dropping to $113,000. Ethereum (ETH) declined by 2.43%, falling below $3,600. Additionally, after a period of consecutive gains, the SocialFi sector saw a correction, dropping another 6.04% over 24 hours, with Toncoin (TON) down 7.39% within the sector.

Meanwhile, the NFT sector dropped 5.56% in 24 hours, with Pudgy Penguins (PENGU) down 7.80%. The RWA sector fell 5.48%, with Keeta (KTA) down 11.53%, though MANTRA (OM) remained relatively resilient, rising 2.45%.

In other sectors, CeFi declined 1.53%, with Hyperliquid (HYPE) down 2.52%. The Layer2 sector dropped 1.93%, but Mantle (MNT) posted gains for the second consecutive day, rising 8.55% in 24 hours. The Layer1 sector fell 2.88%, with Kaspa (KAS) down 6.27%. The DeFi sector dropped 3.65%, with Maker (MKR) down 8.10%. The PayFi sector declined 3.77%, with Stellar (XLM) down 5.16%. The Meme sector dropped 5.17%, with Bonk (BONK) down 8.86%, but Pump.fun (PUMP) bucked the trend, rising 5.90%.

Indices reflecting historical sector performance show that the ssiSocialFi, ssiNFT, and ssiMeme indices fell by 6.69%, 6.20%, and 5.13%, respectively.